Topic: Bitcoin Vs Paypal (Read 196 times)

Both of them have their own advantage but paypal can't be categorized as investment tool
Maybe paypal already popular and well known around the world so in the future it may implement bitcoin as their alternate transaction to support their operation !

    I do not see how you can compare Bitcoin and PayPal. You can try
to do that, when you need to send dollars from one to other place you
can use PayPal, but if you are using Bitcoins why do you need dollars?
   PayPal is third party service. Maybe you can comapre some Bitcoin
service with PayPal. For Bitcoins I do not need ID, and many other proofs
of who am I just to send some dollars, Bitcoin is greater than that.
    Stop comparing Bitcoin with simple services. In comparing Bitcoin to services,
we often end up judging something. There is no need for that, we know what is
good and what is better.

I think that after few years bitcoin be more powerful than pay pall

Bitcoin still young and i think paypal is dying now. Anyway, i trust keeping my funds in cryptocurrencies wallet that i'm only one keeping its private key more than keeping it in paypal account.

I like PayPal more, there is no option to reverse the transaction in case of Bitcoins.

I agree with you . All transactions with BTC are anonymous and this makes it easier for us to pay. I think major countries are beginning to accept Bitcoin payments as demand for Bitcoin is rising and this will contribute to the world economy.

Bitcoin is better since you don't need to peesent any form of identification to use it. While PAYPAL has a habit of freezing your hard earned money without any type of warning.

Both are safe. Paypal is widely more recognized as many huge vendors accept it as a payment method. Sites like amazon who don't use paypal can use btc as a payment option. Btc is more anonymous therefore safer altogether.

Agree with you. This is the biggest advantage over BTC. I ordered over 200 items over the internet, just a few didn't arrive but I got my money back. If BTC wants to be better than paypal then there should be some middle man that can have the same purpose as paypal but with lower fees.

I think that this explanation will be enough for you to confirm your doubts you are having right now:

https://cointelegraph.com/news/10-reasons-why-bitcoin-is-better-than-paypal

For Buyer PayPal is safe. If there is problem with seller, you can make a charge back, not possible with Bitcoins.

Bitcoin is rising and growing acceptance more and more every day. On the other hand, Paypal is fiat and already popular and easy to transact. for now, Paypal would seem good but wait a while and Bitcoin will take over. Also, you can use Bitcoin Debit Cards to meet your daily needs.

Bitcoin is better than Paypal. There are many reasons why I said that Bitcoin is better than Paypal.
1. Freedom - You can use and earn Bitcoin easily rather than Paypal. In PayPal you have first to confirm your account before you can use and earn.
2. No Chargebacks - When a Bitcoin transaction is sent, it cannot be reversed or “charged back.” These chargebacks often create a problem for merchants as unscrupulous customers can sometimes take advantage of this policy to get the product and money back whereas a Bitcoin transaction is final.
3. Privacy - While Bitcoin is not truly anonymous, it can still provide a certain level of anonymity or pseudo-anonymity for users if they know how to cover their tracks and manage their digital wallets – a process that is expected to become more user-friendly with time. In contrast, this is impossible for PayPal users as they are required go through the burdensome process of filling out long forms to prove where the money came from and what it will be used for. This is particularly true for international users.
4. Versatile - To use PayPal, you must be online and have a credit card. In contrast, Bitcoin can be sent offline via email or even SMS on a Nokia dumb-phone.
5. Decentralized - The decentralized nature of Bitcoin means that there is no single clearing house monitoring and controlling the network. This ‘trustless’ payment system greatly increases the security of a network as there is no single point of failure such as from a DNS attack. one of the biggest problems reported by PayPal users is that their accounts can be immediately frozen. Under a decentralized network, this simply cannot occur as there is no central clearing house or Bitcoin CEO that can lock you out of your digital wallet. PayPal’s burdensome verification process has also received much criticism.
6. Less Friction - With Bitcoin, it doesn’t matter whether you send 1 cent or 1 billion’s worth, the transactions fee is the same. And since it’s actually your money, it is only logical that you should decide on the amount you want to send.
For comparison, PayPal states:
“If you don't have a PayPal account (for instance, you made a purchase on eBay as a Guest): You can send a one-time payment of up to $4,000.
Transaction Limit for PayPal account holders
You can send up to $10,000 in any one transaction. (This amount can vary depending on your currency.)”
It should be mentioned, however, that Paypal does offer a "send to friends and family" option for its clients where they waive their fee. Although this feature does enable cheaper transactions, the downside is that it’s only available for US-based individuals and excludes businesses and merchants.
7. Truly Global - PayPal is not available in every country with notable exceptions being Iran, Afghanistan, North Korea, and Haiti.
Bitcoin on the other hand is the first true transnational currency because it is border-agnostic like the Internet. In other words, it can be controlled to an extent on a very local level but cannot be shut down globally unless electricity is shut off everywhere in the world.
Unlike PayPal, Bitcoin can offer citizens living under oppressive regime a way out. People using this borderless currency can circumvent state supported financial monopolies and establish their own local economies.

Which is safe for what? if you are referring to the security of the system then both are safe, but in my opinion Bitcoin is more secured with a blockchain technology, but it is still depends, if the user is careless then both will never be safe. About which will make our life better, the advantage of paypal is, it is right now being used and accepted by lots of companies for their services as means of payment which is good while there are only few services that supports Bitcoin as payment (at least for now). The advantage of Bitcoin is you have the freedom to use/spend your money without the help of any third party (like paypal and banks) while paypal can freeze your account and you will not be able to spend your money. Bitcoin is highly volatile, it can be advantage or disadvantage.

You can not make comparison between bitcoin and PayPal because they are not the same thing , PayPal is a payment platform for fiat currencies or bitcoin is a cryptocurrencie , otherwise PayPal don't have a value not like bitcoin who is a valuable asset , as for safety both sides are safe but for which one will make your life better with no doubt it's bitcoin bro for sure .

I think that's not a fair comparison. The bitcoin is not set by a group of companies. ownership is free. and paypal clear all our data is in them. and they also determine if we have a problem with our money there. in paypal your money 100% safe but you are not free to using for what . but in crypto you can use it for anything you can . but when you lose it . no one know where it was.

Bitcoin gives me control over my money! This is what counts to me!
Monetary sovereignty!
Paypal is just another third party who can freeze your account, regret doing a transfer for whatever reason.
And in terms of a better future life, well what do you think could see more gains in terms of value? A company like paypal which doesn't show much innovation, or Bitcoin where we know it's still in its infancy and the global impact can be huge?!
I prefer to put my money in Bitcoin, as Bitcoin is money, a store of value and a decentralized protocol many cool things can be build on top of in the future.

I can not choose both, I use bitcoin for all activities related to crypto, market and investment. and this really helps me in profit level. I need paypal for other kind of transaction tool, which can not use bitcoin. so I use both.

both are equally good, each has advantages and disadvantages. for security, I think PayPal is superior but only limited to storage and delivery only. while bitcoin is very unstable and if bitcoin prices are rising it will get a big profit.

I have a reason to know. Because of my interest to Bitcoin, I have lots of interest. And some are not part of spam.