CoinPal

2025-09-10T15:58:41Z

Creator Ma:

'''CoinPal''' was an exchange that accepted [[PayPal]] for relatively small order sizes and a weekly limit on purchases.

The site was first publicly available on December 31, 2010<ref>[http://www.bitcoin.org/smf/index.php?topic=2555.0 CoinPal beta - Buying bitcoins with PayPal]</ref>. On January 19th, 2011 CoinPal introduced an API that allows merchants and others seeking payment to use the service to accept micro-payments<ref>[http://www.bitcoin.org/smf/index.php?topic=2555.msg38148#msg38148 Re: CoinPal beta - Buying bitcoins with PayPal]</ref>. The operator of the site also operates [[CoinCard]] for [[selling bitcoins]].

On April 30th PayPal froze the exchange operator's PayPal account and the exchange announced that service had ended<ref>[http://www.bitcoin.org/smf/index.php?topic=2555.msg101084#msg101084 CoinPal beta - Buying bitcoins with PayPal]</ref>.

==Weekly Limits==
There was a limit on the number of bitcoins each customer can buy each week. This limit depends on the amount of time that has passed since the customer's first order.

{| class="wikitable"
|-
! Minimum days since customer's first order
! Weekly limit
|-
| 0
| 20
|-
| 3
| 40
|-
| 7
| 60
|-
| 14
| 100
|-
| 45
| 160
|}

Those trading on [[Bitcoin-otc|Bitcoin OTC]] can increase their weekly purchase limits by connecting CoinPal to the [[Bitcoin-otc|OTC web of trust]]<ref>[http://coinpal.ndrix.com/user/gpg Authenticate with a PGP Key]</ref>.

==See Also==

* [[Buying bitcoins]]
* [[Selling bitcoins]]
* [http://www.bitcoinmoney.com/post/5086167006/paypal-freezes-out-coinpal So long, CoinPal, and thanks for all the bitcoins!]

==External Links==

* [http://coinpal.ndrix.com/bw CoinPal.ndrix.com] web site

==References==
<references />

Bitcoin Wiki - User contributions [en]

CoinPal