For me? Bitcoin is better than paypal because bitcoin has many benefits unlike paypal.
1. Easy and Fast to transact.
2. Bitcoin has no charge when sending money unless you withdrawed on the any bitcoin related site unlike paypal it has a big fees.
3. You can earn money alot and the value of BTC is rising even when you holding it you get a profit.
But the one that i don't like on bitcoin is the anonymity, if someone steals your bitcoins you cant trace it unlike paypal.
Paypal has a good benefits too but bitcoin is the best for me
Your points can easily be challenged.
1. PayPal transactions from your balance post instantly and are free in most cases.
2. PayPal doesn't have any fees if you transact with friends and relatives, etc. Also, if you transact with Bitcoin you are subject to miner fees. Sure, you can refrain from including any fees, but your transaction will likely not confirm as result.
3. It's pointless to compare Bitcoin in that way with PayPal since it is nothing more than a payment platform based on fiat.