Trade on the Exchange, not in a "wallet"

[ayatoslaw]

Trading in exchanges are proven the best place to grow your money specially if you used the best crypto exchanges like Binance while Wallet is known as the best safety keeper of your assets so after using the exchanges during your trade then make sure you will keep your assets in the wallet as keeping them in the exchanges is very risky if the exchanges will be compromised.

Binance is not bad for saving money even though Binance is an exchange, because now Binance gives you a few percent profit if you keep your USDT there,
very different if you save on Paypal, Paypal still doesn't support staking or the like, so you won't get any profit when saving there.

[Pitter]

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

Yes we should careful about that incident .when we take anything more easily then it brings some problem .so I think it will wise decision to trade on the exchange and avoid others riskful way that bring lose the treader's profit .

[yetti]

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

Yes we should careful about that incident .when we take anything more easily then it brings some problem .so I think it will wise decision to trade on the exchange and avoid others riskful way that bring lose the treader's profit .

Therefore, if you have a wallet that contains a very large amount of cryptocurrency, I recommend that you not use it as a whole trading, maybe you can use another wallet to buy cryptocurrency and for paypal, there are certainly many cases that harm many people.

[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

Yes we should careful about that incident .when we take anything more easily then it brings some problem .so I think it will wise decision to trade on the exchange and avoid others riskful way that bring lose the treader's profit .

Therefore, if you have a wallet that contains a very large amount of cryptocurrency, I recommend that you not use it as a whole trading, maybe you can use another wallet to buy cryptocurrency and for paypal, there are certainly many cases that harm many people.

Yes, if I prefer another wallet than paypal, because I also don't really like the appearance of paypal, as you know, paypal is actually a special wallet for FIAT not cryptocurrency, so the policy is definitely different from cryptocurrency wallets in general.
but many cases like what do you mean? what about the account being suspended by paypal?

[Sammy9ce]

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

Thanks. But don't forget trading has it limits on some exchange, to me my wallet is best for trading, I'll say I am already used to my wallet.

[Willitivity1]

When I saw the topic i honestly thought you were against DEX, but after going through the post I realized you are referring to PayPal, and I support this cause PayPal is a shady platform plus it is centralized meaning storing your bitcoin there is very risky cause your account can get banned at any time and you  won't be able to retrieve the money in your wallet, left to me alone I would never use PayPal for crypto transactions, I have seen tons of people complaining about how their account got permanently banned, I don't want to be amount that list.

[ayatoslaw]

When I saw the topic i honestly thought you were against DEX, but after going through the post I realized you are referring to PayPal,

Yes, I purposely created an abstract title, so I can see who is actually reading my thread and not,

I would never use PayPal for crypto transactions, I have seen tons of people complaining about how their account got permanently banned, I don't want to be amount that list.

A wise decision, because indeed there are so many paypal users who get into trouble for transacting using paypal, but we can't blame paypal because paypal has its own privacy policy, in my opinion it's better to use services that are specifically for crypto such as trust wallets.

[Google+]

Trading is supposed to be in an exchange because if you trade on a wallet then it can pose a danger to all the assets you use unless you want to trade on the wallet so you have to provide a new wallet specifically for trading only.

[ayatoslaw]

Trading is supposed to be in an exchange because if you trade on a wallet then it can pose a danger to all the assets you use unless you want to trade on the wallet so you have to provide a new wallet specifically for trading only.

That means you have to send your main asset to a temporary wallet then trade there? This is not a good idea if you are holding Ethereum, as Ethereum transaction fees are still very expensive, but of course it doesn't matter if you have a lot of Ethereum.
In my opinion, it is better to choose a wallet that provides instant swap services, atomic and trust wallets have this feature, even trust wallets have DEX features in their wallet.

[nelson4lov]

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, trying from a custodian wallet is very risky, it's best you trade in a DEX where no one can block or deny u access to your funds.

[Giangphuong8489]

I think trading on a crypto wallet will be more inconvenient than on an exchange. I usually just swap tokens in my wallet because I don't want to waste time.
Maybe some people don't want KYC tokens on an exchange, so they decide to do it in a crypto wallet.

[yashwant]

Every cryptocurrency address on the blockchain is tied to a pair of private and public encryption keys. The public key allows other users to send money to that address

[Pitter]

Yes i support your decision. Directly trade in wallet most of the time it is risky. If you use any non brand token then your wallet assets may steal by some one. So it should be avoid as early as possible.   

[Rubel007]

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.

They permit by their wallet and after some days they escape from the decision. On the other hand scammer are always try to steal your assets they can make fake assets and influence to connect your assets. It is very risky to connect your wallet.

[Churphans]

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

Undoubtedly PayPal a strong Marchant organization which already given permission to use cryptocurrencies but we all trading on exchange not on PayPal wallet or any others external wallets.