can bitcoins/cryptocurrency be charged back?

Discussion in 'Market Discussion' started by lucid dreaming, Nov 6, 2014.

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can bitcoins/cryptocurrency be charged back?
  1. Unread #1 - Nov 6, 2014 at 10:58 AM
  2. lucid dreaming
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    can bitcoins/cryptocurrency be charged back?

    I'm looking to start selling gold, but I've heard the numerous horror stories of dealing with virtual currency via PayPal, and I was wondering: 1) can cryptocurrency be charged back? 2) how would I get started with cryptocurrency like what wallet should I use and what do I need to know before getting into it and how can I transfer it back and forth from BTC to cash etc.
     
  3. Unread #2 - Nov 6, 2014 at 11:37 AM
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    can bitcoins/cryptocurrency be charged back?

    BTC cannot be chargebacked, it's like rsgp. In order to cash the money , you can either contact some people who would exchange it for PP funds or whatever payment you prefer.
     
  5. Unread #3 - Nov 6, 2014 at 3:08 PM
  6. Snowbear
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    can bitcoins/cryptocurrency be charged back?

    1) No, absolutely impossible to chargeback. (BTC specifically, there are many cryptocurrencies and while I *believe* none can be charged back I cannot speak with 100% accuracy)

    2)I would recommend NOT using any sort of an online wallet. These would be wallets kept on LocalBTC, any type of exchange, etc.
    Pick a wallet that is stored on your own machine and make USB or even other-device backups of it. Encrypt it.
    My preferred wallet is Multibit but there are many, do your research!

    As for transferring it back and forth, I would attempt to contact people here at Sythe, other BTC forums, or use the "gold standard" -- LocalBTC
     
  7. Unread #4 - Nov 6, 2014 at 3:57 PM
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    can bitcoins/cryptocurrency be charged back?

    nope.
     
  9. Unread #5 - Nov 6, 2014 at 4:48 PM
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    can bitcoins/cryptocurrency be charged back?

    BTC can't be charged back.
     
  11. Unread #6 - Nov 6, 2014 at 4:58 PM
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    can bitcoins/cryptocurrency be charged back?

    As stated above, BTC can't be charged back.

    PayPal and Skrill have a chance of chargeback.
     
  13. Unread #7 - Nov 6, 2014 at 5:27 PM
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    can bitcoins/cryptocurrency be charged back?

    An option if you want to be cashed out directly via paypal in a relatively safe way, would be to have a bitcoin trader from Sythe middleman the trade, accepting your rs gold and the buyers bitcoin, and then giving the gold to the buyer and sending you a payment per paypal.
     
  15. Unread #8 - Nov 6, 2014 at 5:40 PM
  16. CEO
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    can bitcoins/cryptocurrency be charged back?

    Lol. Or just cut the middleman. Sell RS gold for BTC, then trade BTC for PayPal later. No need for the middleman.
     
  17. Unread #9 - Nov 6, 2014 at 6:14 PM
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    can bitcoins/cryptocurrency be charged back?

    impossibe. best currency for safe trades tbh
     
  19. Unread #10 - Nov 6, 2014 at 6:44 PM
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    can bitcoins/cryptocurrency be charged back?

    dis/10 Bitcoin is the safest way to trade. The rate however might throw you down sometimes but its mainly in the $300s
     
  21. Unread #11 - Nov 6, 2014 at 7:03 PM
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    can bitcoins/cryptocurrency be charged back?

    It can't be charged back, just be careful of the prices though. They tend to change a lot.
     
< Market Vet | Surprised I havent had a single chargeback in my experience... >

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