Buy Crypto with PayPal?

First step why do you need to use a PSP?
How are your funds generated?
PayPal has no anonymity as once you go over 200 they want ID. Even if you pass that you need a bank account to be activated for withdrawals.

A lot of the exchanges wonymt accept payment from pay pal and vice versa.

Beyondthet said:

I'm still new. So correct me if I'm wrong but loads of businesses use a PSP or payment gateway. It's been mentioned several times here. I use PayPal.

But that's what the darks are for. To get past PayPal verification. In fact, even fake darks work well with this. People do it all the time.

That's my point. You didn't understand. What Im trying to say is, that if buy crypto with PayPal somehow, then YOU WON'T NEED TO WITHDRAW TO AN EMI. Because your funds will be transferred (by way of purchase) to another asset (cryptocurrency, which has a level of anonymity)

And this will all be done anonymously because your PayPal will be made with dark docs.

The only issue is, whether people actually accept crypto for PayPal. That I don't know but there should be resources for that somewhere!

Also because it hasn't been tried and tested on the forum yet, I don't know how good it will work as an anonymous setup. It sounds good on paper though. I am definitely interested in this method and would appreciate if any other members know anything about this or the risks involved!

Problems are as follows

No one will accept PayPal as they hold funds for 28 days and they can be called back. So I could sell you BTC funds held for 28 days and then you call them back on day 10.

If your darks are caught you loose lose everything.

They may request you to do a video verification. Yes they do do it. They give you a phrase to say you record yourself and send it by email. I personally have had to do it. Also send them 2 forms of ID with your face. They will request that about 3 times saying that it's not clear or there is glare.

You have to prove to them your real not the other way round.

Sadly the EMI route is the only way.

Beyondthet said:

Understood. This might not work then.

One rebuttal I have is that if your PayPal is requesting for ID. If you dont hand it in, they will freeze your account BUT you will be eligible to withdraw from it after 180 days. To which you could anonymously withdraw it to an EMI I assume?

But I think I'll just stick with the EMI method.

No if you dont provide the ID it is blocked and you can never get it back.

Correct if no ID was given from the start then you can withdraw after 180 days.

It's just a risk I'm not willing to take.

Because you use PayPal as your PSP then you are stuck with this problem.
Maybe use a nominee so you can get a better and cheaper PSP.

I will grab this thread back since it is still an important roadblock for many.

Paypal > Crypto can still be done. As @CaptK said, PP is difficult to work with in terms of dealing with digital goods, including crypto.

Beyondthet said:

Also I am still unclear as to whether this method would require the formation of a dark company (shield company?) I mean would this completely mitigate this aspect as PayPal is made on darks and cashing out with the Crypto is anonymous, then what's the point of using a dark company? Does it serve any extra protection?

Going back to your original question, If your PayPal is dark you are already anonymous and you would not need an extra layer. Adding extra layers complicates things. When using darks you should minimize the number of hops you are jumping because every place your money hits is a possible loss.

Take the % they charge you for going into crypto from PP and analyze if it is worth to cash out there instead of going through EMI. It is a business decision %/risk.

Cheers

AdvCash could be a possibility but I have never used them with PP.

Bitflyer Europe allows account funding in euro with PP, they are the only ones as of today.
With USA pp you can also fund eToro account and buy btc there

OP did you get a solution for PP>Crypto?

The EMI phase Can be negated if:
1.pp is setup with a bank, enabling withdrawals through bank and then purchase crypto
2. PP linked to Crypto VCC enabling direct receiver of crypto.
3. PP linked to anonymous Crypto Cash Card

The above circumvents the EMI, though for the opsec to be stable longterm, paypal using darks limit withdrawal to 200 as @CaptK suggested, and as such you either use several dark pp for 200 limited cashouts each time, or you set up a proper pp with real docs as the end receiver and cashout through a crypto cash card...

AFAIK a good budget would bring this opsec to fruition.cig-:,