PayPal finally allowed BTC | Bitcointalksearch.org

fauzan123

full member

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Quote from: sanida on November 14, 2020, 07:01:04 AM

With this kind of news on the air, we can reach up to $20,000 per BTC just before the end of this year, or maybe it will lead to even more high price because PayPal is not just some small companies in regards to online payment, It is one of the trusted online payment out there. in fact, for me, it is the top one. The other companies will follow them if they see PayPal is taking the lead.

Indeed, it seems that there is a positive impact that occurs because paypal has collaborated to use bitcoin, of course it is a good thing for the positive trend movement that occurs because 15k has been penetrated.

It is not impossible if the price of bitcoin could possibly reach 20k.

bryant.coleman

legendary

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Quote from: bayu7adi on November 15, 2020, 02:23:33 AM

Even though Bitcoin can be bought on PayPal, we can't send Bitcoin to other wallets and this is in my opinion a very limited feature. Bitcoin can only be sold on Coinbase and Localbitcoin. This company only allows us to buy, sell and store it, and they get a fee for the transactions that occur.

I believe this is a gradual process, so we have to wait for the full adoption of cryptocurrencies on the PayPal platform so that we have more flexibility if we want to buy Bitcoin or LTC there.

Quote

Can you use Paypal to receive money for selling Bitcoin?
Yes of course!
As mentioned above, you can sell your Bitcoins to Coinbase or on LocalBitcoins and receive cash to your Paypal account. use in the USA and some of Europe. The fees for selling bitcoins to PayPal are 3.75% using Coinbase.

source

The exchange deals that you get in Localbitcoins are not legal. If PayPal comes to know about this, then your PP account will be nuked, as already happened to thousands of users (you can search here, and may come across multiple threads related to this topic). As of now, PayPal doesn't have partnership with any of the cryptocurrency exchanges and it is not possible to do any transactions on them with PP.

como10master

newbie

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Merit: 0

That is some GOOD NEWS!

blckhawk

sr. member

Activity: 1554

Merit: 334

Quote from: mediaBuzz on November 13, 2020, 06:55:44 AM

~
So, what do you think about this?

Unfortunately, it is now only limited to the US, it might be better if they include the other users who lived outside the country but anyway sooner or later I'm pretty sure that they will open up.
Currently, this Paypal adoption brings cryptocurrencies near to the hand of the people more conveniently, and I think this is one of the reasons why Bitcoin is surging right now. Unfortunately, just like what I have mentioned it would be better if they open up for other countries because based on the other comments they aren't able to use it.

bayu7adi

hero member

Activity: 1470

Merit: 555

dont be greedy

Quote from: DapanasFruit on November 14, 2020, 10:41:42 PM

I have been waiting for the time that eventually PayPal will be allowing the purchase of Bitcoin (and other cryptocurrencies soon maybe).

Even though Bitcoin can be bought on PayPal, we can't send Bitcoin to other wallets and this is in my opinion a very limited feature. Bitcoin can only be sold on Coinbase and Localbitcoin. This company only allows us to buy, sell and store it, and they get a fee for the transactions that occur.

I believe this is a gradual process, so we have to wait for the full adoption of cryptocurrencies on the PayPal platform so that we have more flexibility if we want to buy Bitcoin or LTC there.

Quote

Can you use Paypal to receive money for selling Bitcoin?
Yes of course!
As mentioned above, you can sell your Bitcoins to Coinbase or on LocalBitcoins and receive cash to your Paypal account. use in the USA and some of Europe. The fees for selling bitcoins to PayPal are 3.75% using Coinbase.

source

DapanasFruit

member

Activity: 1218

Merit: 49

Binance #Smart World Global Token

I have been waiting for the time that eventually PayPal will be allowing the purchase of Bitcoin (and other cryptocurrencies soon maybe). We have to understand that PayPal is recognizing the demands from their global users and yes because PayPal is one that is always looking for ways to boost its revenues and profits as well as looking at Bitcoin as something unstoppable -- they now decided that the time ahs come. A big good news, indeed!

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

Quote from: mediaBuzz on November 13, 2020, 06:55:44 AM

Honestly say, many people are being sceptical with this knowing how strictly PayPal freezes its users' accounts for little reason. I don't know if they will treat crypto accounts differently or not, but imagine getting your accounts frozen for 6 months before they decide to give them back to you or not.

With their past experience, they need to follow every rule that PayPal implements so that there will be no problem. 6 months is not a joke when you have all your assets in that account. Despite all of the rumors, Paypal still pursues their desire to caught the massive trends with cryptocurrency these days. The main reason for this is their research has proved that investing in such industries will bring them money. otherwise, we are not talking about them here today.

MCobian

full member

Activity: 1190

Merit: 117

Many people think negatively about Paypal regarding their decision to accept Bitcoin, because Paypal is considered to be taking
advantage of the popularity of Bitcoin for their own personal gain. And Paypal rules are strict regarding Bitcoin transactions, even
though this is just the beginning in my opinion. We give Paypal the opportunity to adopt Bitcoin in their way, because I believe Paypal
will change their policy regarding Bitcoin. If it turns out that Bitcoin transactions on their platform are crowded, then there is a possibility
that Paypal will provide access to Bitcoin deposits and withdrawals. Or even Paypal is working with several large market places so that
Paypal users can buy goods using Bitcoin. Just let and see.

Traderbtcc

full member

Activity: 1190

Merit: 123

★Bitvest.io★ Play Plinko or Invest!

PayPal accepting crypto was something that was inevitable, PayPal is a really old system of payment, whereas bitcoin is the future, so they had to adopt it in other to continue existing, I really like the fact that the fact that they will make crypto more accessible to everyone, considering that they are the biggest payment platform in the world, with millions of active users this will certainly lead to mass adoption of bitcoin, it's a shame here in my country we are unable to access PayPal, seems like my country was blacklisted or something,but we are unable to use the PayPal platform.

royalfestus

hero member

Activity: 2464

Merit: 519

They dont offer to buy but just sell, so where do they get all the bitcoins to sell?
My other concern is what happens in the bear market?
will they offer the same service at the same limit for everyone, purchase will decline then like ever but will they still be in the market or close shop like others.

Lizzylove1

member

Activity: 858

Merit: 13

Christ The King

This was long predicted and expected, the timing was something that was kept secret. Any financial institution who fails to integrate the ever dynamic financial revolution currently gathering momentum in the crypto sector, will sooner become obsolete. The competition to stay in business and remain profitable is not negotiable.

wiss19

sr. member

Activity: 2296

Merit: 348

PayPal finally accepting Bitcoin is good news, but there is a question I have been asking for long, and since this PayPal cryptocurrency doesn’t work in my country yet I keep asking whether people can as well send the cryptocurrency they buy to other people no matter the wallets they are making use of; let’s say sending Bitcoin from your PayPal wallet after purchase to a BitPay wallet, is that going to work?

Or is it just buying and selling and holding till you’re ready to sell again? I pin my hopes on more of these happening in the future, really good.

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

Quote from: concept2 on November 13, 2020, 07:09:04 AM

I live in a country where PayPal is not really necessary. Because of that reason, we do not often use PayPal unless we have some business with foreign clients, mostly US citizen. This news might affect the price of bitcoin since many US citizens are using bitcoin, including big companies.

What are the fees you talk about? It is a mining fee or is it a service fee? Do we have a bitcoin address in our PayPal account?

Freezing accounts appears a lot in my country. Dont know why. Maybe people do not provide enough identity and involve in shady activities.

yes, exactly, so I also feel less interested in using paypal. because, first I really have no urgent special interest, and secondly without paypal I think it will still be fine. but in the future if I do have a business and need to use paypal, I will definitely use it. but not for now. As for crypto transactions, I still use the available alternatives, because until now it is still running smoothly and there are no obstacles whatsoever.

sanida

member

Activity: 210

Merit: 15

With this kind of news on the air, we can reach up to $20,000 per BTC just before the end of this year, or maybe it will lead to even more high price because PayPal is not just some small companies in regards to online payment, It is one of the trusted online payment out there. in fact, for me, it is the top one. The other companies will follow them if they see PayPal is taking the lead.

Dorodha

member

Activity: 252

Merit: 11

The good news for Bitcoin is that PayPal has finally allowed BTC to increase the demand for BTC and will be able to transact very quickly through PayPal wherever you are in the world. Sending money from any country in the world is slow but takes a long time to send remittance to banking channel but bitcoin takes about one second to send money from PayPal Zoom service. PayPal allows every bitcoin user to deposit money through PayPal wherever they want the demand for crypto will increase.

malikg18

jr. member

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It is a Growth of Crypto that Famous companies are coming towards crypto and using it ,It will increase amount of investments and quantity of investors.

milani

sr. member

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Merit: 254

Quote from: XCANA on November 13, 2020, 07:26:05 AM

Why most of us insist on saying PayPal has some shading stuff behind; is there actions against some certain happenings. Have you read their TOS of this their buy and sell of Bitcoin service? please, kindly do to know what they are up-to. They have a very bogus TOS and i personally won't take that from PayPal, i rather buy from exchange than buy through PayPal service, period.

Yes, you are quite right. Personally I do not use PayPal, in my country there is no such an opportunity. But even in case it was, I would not use PayPal for buying or especially holding crypto currency. Their policy is too strict, and today they accept it, and the next day they rapidly may change and your assets may be blocked on the indefinite period. Of course there is everywhere such a risk, but I would rather use different exchanges or other wallets, being more confident and use my assets with better terms.

Ridcan

member

Activity: 476

Merit: 31

Yeah. If, as you said, 6 months freezes the account for whatever reason, it is unacceptable where price changes are constant. Now nobody can predict what will happen. we will watch and see all together.

skpanchal

jr. member

Activity: 79

Merit: 1

Cryptocurrencies have remained a niche payment method, partly down to the rapid change in prices they can experience compared with traditional state-backed currencies. That has made them popular among some types of investors.
PayPal said it was aiming to increase consumer understanding and adoption of cryptocurrency .

JvaesonJu

newbie

Activity: 1

Merit: 0

It makes total sense to me. We had a good, long warning from when they told us the first time. Good thing the world has been accepting Bitcoin ever since.

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