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
One thing you have to understand is that Paypal is not a crypto currency wallet; PayPal is a universal payment platform that has incorporated bitcoin trading into its platform and mobile app. When we mention crypto currency wallets, we are talking about the likes of trust, coinomi, imtoken etc.
And in that respect; i say the wallet is the best place to trade; no unnecessary withdrawal or deposit charges, you complete swaps in 2 seconds and more.
Just keep your seed phrases safe