Trade on the Exchange, not in a "wallet"

[ayatoslaw]

Have been seeing alot of complains like this, about how a user get blocked from accessing their PayPal account for no just cause, even coinbase do the same thing to some their users, I really feel for alot of them cause sometimes their accounts are blocked with huge amount of money inside,

I think the case of coinbase with paypal is different, although I don't know the specific reason for coinbase, but after all coinbase and paypal are different, coinbase is an exchange and paypal is a wallet, exchanges and wallets have different policies.

it's best you trade in a DEX where no one can block or deny u access to your funds.

DEX is indeed safer because you trade without moving your funds, it's just that you have to make sure the DEX you use is well-known, because otherwise there is a possibility that DEX is a scam, and the risk is that your funds will be vulnerable to hackers because your Private Key has never been used on the DEX. .

[Rafiq]

I do not know how crypto buy-sell work in PayPal. My country doesn't support PayPal and what I understand trade in the wallet is trading with dapps. There are many crypto wallets that allow users to use DEX in their wallet and users bear the transaction fees. But what PayPal does is for their own business. No one wants to take losses.

Nobody is buying and selling on paypal, but the point of my thread is that someone stores cryptocurrency on paypal and repeatedly makes withdrawals and deposits to trade on other exchanges.
The trader took the opportunity because paypal did not collect a service fee until 2021. And yes, it's because paypal doesn't want to lose))

I have read many posts in the thread but did not get a clear idea, but the main point is revealed in your statement. Since PayPal has accepted cryptocurrency and there is no restriction, PayPal should allow the user to use his account at will if there is no security breach. If there is a security issue, PayPal should fix it; The user should not be restricted. My advice as a crypto user is to risk someone's cryptocurrency somewhere Should not be traded or invested.

[ayatoslaw]

I have read many posts in the thread but did not get a clear idea, but the main point is revealed in your statement.

I purposely made this thread a little different from other threads, so I can confirm if someone reads my thread before replying))

If there is a security issue, PayPal should fix it; The user should not be restricted. My advice as a crypto user is to risk someone's cryptocurrency somewhere Should not be traded or invested.

There is no security problem on paypal, it is only related to paypal policy regarding users who use paypal as a cryptocurrency wallet, we as users of course cannot do much because it is the company's decision.
But there is nothing wrong if you try to give suggestions to paypal via email.

[Ronald]

Always we should make trade in exchange wallet. Personal wallet is your store house assets if you trade here you may have risk to loss your all assets. So avoid trade by connecting personal wallet.

[ayatoslaw]

Always we should make trade in exchange wallet. Personal wallet is your store house assets if you trade here you may have risk to loss your all assets. So avoid trade by connecting personal wallet.

Wouldn't it be safer to trade linking your personal wallet to DEX? of course you have to use a very reliable DEX like UNISWAP, rather than you have to move your funds to a centralized exchange, because you do not have full control of your assets in a centralized exchange, unlike trading on DEX, you have full control of your assets that are in in your wallet.

[svetlana]

Always we should make trade in exchange wallet. Personal wallet is your store house assets if you trade here you may have risk to loss your all assets. So avoid trade by connecting personal wallet.

Wouldn't it be safer to trade linking your personal wallet to DEX? of course you have to use a very reliable DEX like UNISWAP, rather than you have to move your funds to a centralized exchange, because you do not have full control of your assets in a centralized exchange, unlike trading on DEX, you have full control of your assets that are in in your wallet.

When connecting our assets, we also deposit funds on the exchange and leave them there. So that in this way we can also lose coins if we do not immediately transfer them to our wallet. Such an example would be the Idex exchange. In addition, if there are few coins received from the bounty, then it is more difficult to sell them on such an exchange because there are certain limits on the withdrawal of the number of coins. And this is bad because it is impossible to simply withdraw such coins back if they have not been sold.

[EthereumDev_]

Trading on an exchange is very good, but when trading using a wallet such as a platform that has DEX technology, it will be dangerous because everyone will know the private key and can be used by the website developer where the exchange is located, so stay alert and use a safe exchange to trade.

[Nikawe]

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

Not only PayPal but also every marchant account should deny wallets trading. Wallets trading is very risky and it's have possible to lost money.

[mohdelayo]

I believe that trading from your wallet is the safest. However in the case of PayPal you're talking about OP, the PayPal wallet is not decentralized thus the exchange cannot be in the wallet. Using PayPal exchange put you at risk such as that you're sighting an example with, Centralization don't come with freedom but with restriction and strict monitoring.

[kulkhan]

Yes you told right. I also think Trading On Exchanger is Best, And trading on wallet is not secure. Exchanger trading is best and it is also more secure. I never trade on wallet. PayPal already Denied to wallet trading. So i told that exchanger trading is best and secure.

[Lanirex]

I have absolutely no interest in trading on a wallet, because I think that trading on an exchange is the correct trade. Trading on a wallet is definitely limited by many terms and conditions, whereas trading on an exchange we can do it with many options.

[ayatoslaw]

So i told that exchanger trading is best and secure.

If you use DEX of course it's safe, but if CEX I don't agree, because it's safe and doesn't depend on the control you can do, and you don't have full control of your funds at CEX.

I have absolutely no interest in trading on a wallet, because I think that trading on an exchange is the correct trade. Trading on a wallet is definitely limited by many terms and conditions, whereas trading on an exchange we can do it with many options.

Very detailed terms and conditions exist only in wallets like Paypal, while wallets like Atomic or Trust wallets have simple privacy policies and don't harm their users.

[hushpupppy]

In my opinion, i feel this issue is related only to PayPal wallet, I use the trust wallet and i use it for trading both on several dexes on the erc20 dexes and also on the binance smart chain. I wil encourage others to learn to trade on the crypto wallets; it saves you fees and time, you can use dexes on your wallet apps be it a tron blockchain, or eth or bsc etc.

[ayatoslaw]

In my opinion, i feel this issue is related only to PayPal wallet,

Yes, this problem only occurs in Paypal and I have never encountered a problem like this in other wallets, but maybe other wallets will have problems like paypal, so at least this problem can be a lesson for us.

you can use dexes on your wallet apps be it a tron blockchain, or eth or bsc etc.

I just heard Dexes, is it an android wallet like Trust Wallet?

[Coin63@]

PayPal and others marchant wallets are risky to trade but some dapps are worthy to trade . Trust wallet is the best wallet where we can undoubtedly trade without Risk.