can bitcoins/cryptocurrency be charged back?

[lucid dreaming]

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.

 

[krutoi]

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.

 

[Snowbear]

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

 

[Void kills]

nope.

 

[Wukn]

BTC can't be charged back.

 

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

PayPal and Skrill have a chance of chargeback.

 

[Sebas613]

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.

 

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.

Lol. Or just cut the middleman. Sell RS gold for BTC, then trade BTC for PayPal later. No need for the middleman.

 

[Almighty So]

impossibe. best currency for safe trades tbh

 

[Naxious]

impossibe. best currency for safe trades tbh

dis/10 Bitcoin is the safest way to trade. The rate however might throw you down sometimes but its mainly in the $300s

 

[Cas]

It can't be charged back, just be careful of the prices though. They tend to change a lot.