Trade on the Exchange, not in a "wallet"

[ayatoslaw]

Some of you may be used to trading on wallets, but have you ever thought that it was risky?

Yes, recently a Paypal user in the US received a message from Paypal that his account was permanently limited for reasons of "potential risk",
The user said he buys bitcoins at a low price then sells them at a high price at least 10 times a week. because of this Paypal asks for an explanation for every transaction he does.

Paypal policy is currently not charging transaction fees for users who sell and buy bitcoin until 2021,
So in my opinion paypal is quite reasonable, because paypal does not want to get a loss due to high volume trading carried out by its users.

What do you think about this incident?

For more details, you can read it here:
https://cointelegraph.com/news/paypal-suspends-user-for-crypto-trading-using-paypal-s-own-service

[leithy]

I find the exchange rate is poor in wallets compared to exchanges so use exchanges not wallets.

[Zize55]

I would like to start using additional income, I need to verify my bitcoin wallet

[@chison]

Trading on exchange other than you wallet has its own limitations. Thess includes the exchange closing. It is safer to trade from  your wallet.

[saprakib]

Trading on exchange other than you wallet has its own limitations. Thess includes the exchange closing. It is safer to trade from  your wallet.

Yes i also think so. It is better to trade from own wallet. Exchange always not run sommothly as it is a fact about some risky. That's why i always prefer to trade from own wallet.     

[Lenipiw]

I think it is better to use your own wallet for business transactions. Because if any exchange is phishing then they are not safe. It is important to use keys and passwords for security. So in case of security, more transactions should be done using your own wallet.

[hair]

I think it is better to use your own wallet for business transactions.

Wise choice. Using a wallet to make transactions not for trading. I think wallets are used to store our assets (receive and send) if you want to buy and sell using the exchange

[ranaprime]

Here i am sure that PayPal does not want take the security of your assets. For this reason they try to make you restrict. So in this regard i think you better to trade in your own wallet for your security.

[H2O]

Paypal already denied personal wallet security systems if anyone trading more and  more within a short time duration.

[edmundo]

Well, it depends on the kind of wallet you are using. A non custodial private wallet where you control the keys and phrase is one of the safest ways to trade and hold digital assets. Exchanges on the other hand are some of the most risky places to trade. Several exchanges have gone under due to hacks, you should be careful with saving your assets on the exchange.

[Piku]

Everyone thinks that it is better to use your wallet for business transactions. I agree with them too. Because your own people will not be harmed if you use one. However, using any other wallet can cause damage.

[ranaprime]

Your wallet in your security so it is less risky then exchange wallet. When ever you would like to trade then you can connect your wallet. We know exchanger wallet is risky. Here lots of assets are accumulated and scammer or hacker are trying to attract exchange wallet. So i think own wallet will be best for concern.

[tamango]

Obviously, PayPal doesn't want traders to make money on it! I think it's worth just finding others.

[ayatoslaw]

Your wallet in your security so it is less risky then exchange wallet. When ever you would like to trade then you can connect your wallet. We know exchanger wallet is risky. Here lots of assets are accumulated and scammer or hacker are trying to attract exchange wallet. So i think own wallet will be best for concern.

Exchange wallets are risky because you do not have full control, but what happens to paypal is not that, but because users trade with deposits and withdrawals in paypal wallets too often, if it is calculated in a week at least ten times more transactions are made.

[Ace H Knows]

And why is that in question when the platform(PayPal) itself has permitted it? to use the Platform to buy and sell cryptocurrencies it's not clear why they do that. I guess it's because the transaction was too often and Paypal is charging the fees from their own pocket.