Bitcoin ebay chargeback

Revealed: Cheating a Bitcoin Cheater on eBay

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Online scams and fraud are increasing every day and, sadly enough this activity often includes cryptocurrencies. Moreover, fraud is not about the darknet only, one can be cheated on trusted sites like eBay as well.

If you check Bitcoin price at eBay, bitcoin ebay chargeback will see something really extraordinary: One might think of a great speculation opportunity — just buy bitcoins at an exchange and sell them on eBay with huge profit of 40 per cent a week which is an average item time.

What we actually see is a fraud scheme that works as follows:. You post an item Bitcoin in bitcoin ebay chargeback case on sale. The scammer buys it from bitcoin ebay chargeback and sends money to your PayPal account.

You send the bitcoins to the scammer. PayPal contacts you requesting the tracking number of the item sent. PayPal ignores your evidence and, for reasons only they know, makes one of two decisions: Unauthorized transaction is not proven, so you keep the money. This way, you have successfully sold your bitcoin. The bitcoin ebay chargeback is considered unauthorized, and PayPal sends the money bitcoin ebay chargeback to to the scammer who now has both his own money and your bitcoin.

And all you have now is the negative feedback rating. Bitcoin ebay chargeback to have some fun bitcoin ebay chargeback at the same time in order to test Bitcoin for deliberate double spending via manipulating priorities of block additions, Emercoin experts have designed and tested a counter-strategy ensuring you per cent sell bitcoins to Ebay scammers at a higher price. To be honest, we have experimented with this only twice, yet our assumptions were fully proven. After that we stopped researching the topic as it no longer interested us.

However, people kept on asking, so below is our counter-strategy in detail. It is all about the artificial double spending bitcoin ebay chargeback get your bitcoins back.

So, this is how you cheat the cheater on eBay. You post an item bitcoins for sale. The scammer buys the item from you and sends money to your PayPal so far everything is going according to his plan.

You create a backup of your bitcoin wallet, wallet. You send bitcoins to the scammer with zero bitcoin ebay chargeback on any business day.

The zero-fee transaction normally freezes in pools awaiting confirmations. It might take several days. If the transaction is still not confirmed i. And since the PayPal transaction is not authorized, the payee is not entitled to receive your bitcoins. Bitcoin ebay chargeback check the wallet outputs used for the payment to the scammer for instance, on blockchain.

You recover the wallet. It, of course, has no information about the transaction to the scammer, while the UTXO outputs it employed look unspent. Using transaction control, you spend the same outputs actually, one will be enough, but you may use all of them just to be on the safe side to create a transaction sending the same bitcoins to yourself or any other trusted address.

After receiving the second transaction with a higher bitcoin ebay chargeback and, consequently, with a higher priority miners will be happy to add it to the blockchain. Now blockchain contains a transaction see item 10while the unconfirmed transaction see item 4 causes conflicts and never makes bitcoin ebay chargeback to the blockchain. Furthermore, even if the scammer has already spent the money, his spendings are now in conflict as well, and more problems with his counterparties are guaranteed.

As a result, you have your bitcoins and turn the tables with the scammer. In such a manner, if PayPal acknowledges the transaction is not authorized and repays the scammer, you still keep your bitcoins. One of the scammers opened a dispute a week after the purchase and was reimbursed by PayPal.

However, the other scammer faced the music: Eventually, we bitcoin ebay chargeback to sell bitcoins at the eBay price and proved our counter-strategy successful. Also we proved vulnerability of the Bitcoin priority queue. We do not recommend the aforementioned counter-strategy for profit-making. Even if you succeed, PayPal will soon close your account as the one that causes constant troubles. I can understand a little vigilante justice, but how do you know this was really a scammer versus a legitimate attempt to purchase your bitcoins?

Let just see possible cases:. This is scammer, who would like cheat you. If so, this is correct withdraw payment to scammer. Account really has been compromised, and hacker initiate that payment. Again, hacker must not receive BTCs, and this bitcoin ebay chargeback correct to withdraw payment to hacker. In both cases, you must not send your goods BTC in case of unauthorized payment — no matter, is this really unauthorized payment, or just cheating.

Let just see possible cases:

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30 comments

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Guess what, you can. So, let me tell you how it works. Please know that this a totally safe approach and probably the best one but the responsibility totally lies upon you so do your due diligence before entering into any sort of transaction. You are probably aware of the fact that eBay and PayPal don't cover very well the digital products.

That's because obviously scammers use those methods to steal from you. And, both PayPal and eBay favors the customer, so if you do not want to loose your Bitcoins, then you should probably pay attention to the following. The problem with offering Bitcoins on eBay, by entirely accepting them electronically is that there is no physical angle involved.

Which is why PayPal sides with the purchaser they aren't accustomed to selling digital products, simply tangible items. So if you sell Bitcoins on eBay, you thus have to have something tangible involved and if it has tracking, its virtually impossible to get a charge back. After you receive the payments, ask the buyer to send his Bitcoin wallet address using a private eBay message and by email.

In your offer, mention "The Seller reserves the right to cancel the transaction at any time. If this is the case, full refund will be issued. You will find another safe buyer. There is no refund in case the wrong wallet address is provided. Do not forget Bitcoin transfer is irreversible. Check the buyer reviews. Look for positive recommended reviews and check the review's dates.

It is recommended to consider the latest reviews and then act based on those reviews. Then as suggested by Paypal themselves, feel free to ask an ID photocopy in order to verify the Paypal account. It is the best way to sell safely bitcoins worldwide via Paypal. At last, send the buyer your Blockchain reference form the aforementioned transaction.

It should look like this http: It will show the transactions to the buyer for confirmation. This is more of a similar method to using Local Bitcoins website but I don't like those because the rates are simply too high for the likes of me. Minnowbooster's got your back! The OriginalWorks bot has determined this post by ghayas to be original material and upvoted it!

To call OriginalWorks , simply reply to any post with originalworks or! For more information, Click Here! Special thanks to reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place! Well, I sell virtually anything on EBay, but never considered crypto. Food for thought, thanks: How to sell Bitcoin on eBay! Ever wondered if you can sell your bitcoin, ethereum or any other altcoins?

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