PayPal now accepts crypto

[Fivestar4everMVP]

I personally will never use PayPal to buy and sell crypto for any reason, I mean, why would someone want to use them for crypto related transactions when there are lots of other better and trusted platforms out there, and Considering all the horrible stufs they done to people and their money before, I don't think anyone should trust PayPal to use them for crypto transactions

[Hamzaal24]

Bitcoin and several major crypto assets responded to the PayPal news. Mostly crypto assets are green, will the growing trend of bitcoin be able to eclipse the defi boom. In the previous weeks, bitcoiner move to the Defi sector but will the recent BTC surge could stop this trend?

[Hope4life]

That's one of the problems in paypal that often happens to users, I think they have to solve the blocking problem, etc soon and then when it's get fixed more people will come so mass adoption of crypto will happen.

[Black ID]

This may be an attractive offer. But we still need to be careful with new things like this. Better not be too quick to decide to try immediately. However, it is necessary to observe first how paypal with crypto will go forward.

[Rubel007]

Definitely it is a great news of those who are related with crypto currency. I think it should take some times to adapting with the wallet and it will more reliable with in short of time.

[Raboni]

That's one of the problems in paypal that often happens to users, I think they have to solve the blocking problem, etc soon and then when it's get fixed more people will come so mass adoption of crypto will happen.

PayPal is really able to upgrade the system into current trend in the world specifically now that the digital age is approaching in the door. Pretty sure one of their goal is more convenient way to process transaction fiat to fiat, fiat to crypto, and crypto to fiat.

[shadowdio]

yep it is not advisable that you put a huge amount of crypto in online wallet, it is risky you know. Paypal is very strict ,once they found out that you do a suspicious activity such as scamming people or any activities that you break their rules.. surely it will block your account.

[KKH84]

I personally am a paypal user and crypto player, hearing this news makes me feel happy.  As long as I use paypal I have never had a problem and I think this will make crypto prices go up on the exchange.

[masterrex]

Yesterday, I saw on the news that PayPal now allow its users to buy and sell and hold bitcoin and other cryptocurrencies in their PayPal online wallet, but judging by the way it is, it seems like "our hands in your pocket" do you think its safe to leave huge amount of crypto in such wallet?, also I read alot of reviews online about PayPal and they were not so good, alot people complained about how their PayPal account get blocked for no good reason and their money are stuck in these accounts, so what do guys think?

IMHO, First, it was good news for the crypto industry because Paypal is one of the largest online payment service providers, and because Paypal has a lot of users it can also benefit the crypto industry by promoting the use of cryptocurrencies as a mode of payment. I'm using Paypal since 2016 and so far I'm not experiencing any problem with those complaints I can't comment about it because I dont know what was the real cause regarding those problems.     

[wawan96]

if Paypal is being limited so this would be something bad enough having to do KYC Paypal is always making users disappointed and final results should undertake KYC passport using it is quite difficult if a need of fast cash then they will find it difficult to withdraw their money.

[lepbagong]

if Paypal is being limited so this would be something bad enough having to do KYC Paypal is always making users disappointed and final results should undertake KYC passport using it is quite difficult if a need of fast cash then they will find it difficult to withdraw their money.

actually what is already there and has been prepared by the exchanger is sufficient to provide the available convenience and does not have to and does not need paypal, besides they have already used maybe only additional facilities.

for those who don't have paypal, I don't think it's necessary and it makes things more difficult for an already easily available situation. I agree with the colleagues above about paypal.

[hushpupppy]

To a great extent i think it is very complicated using paypal, they have strict restrictions, and also accept strict kyc levels, coupled with the fact that you can lose your account at any given time. There is certainly no security of funds. You have to monitor everyone that sends you money, and everyone you send money too, because paypal is strict.

[Thymoty]

Yesterday, I saw on the news that PayPal now allow its users to buy and sell and hold bitcoin and other cryptocurrencies in their PayPal online wallet, but judging by the way it is, it seems like "our hands in your pocket" do you think its safe to leave huge amount of crypto in such wallet?, also I read alot of reviews online about PayPal and they were not so good, alot people complained about how their PayPal account get blocked for no good reason and their money are stuck in these accounts, so what do guys think?

Regardless of the regulation of their platform, I think this is a good step for Paypal to take. Because if we look at the market, cryptocurrency is one of the markets with a large valuation in the world, not to mention that in the future there will be mass adoption of cryptocurrency by the wider community. I think Paypal has made a wise decision by starting to accept cryptocurrency to their platform.

[nelson4lov]

This is a great development which would promote mass adoption considering they have millions of users already. Now it will be easier to trade cryptocurrency even as a novice. Hopefully it will be secured

Well I can't guarantee you, your funds will be safe on their PayPal platform, have never used it so I don't know how tight their security is, and also no private key to your crypto wallet, as I said earlier it's just like "their hands in your pocket" kind of thing.

I hope this news will give a big impact on Bitcoin adoption, not only in its price in the market. We also need massive adoption in Bitcoin, not only improve its price to a higher rate.

The news has already given the bulls more momentum to push the price higher, it was about $11,000 after PayPal announced that will start accepting it, the price surged high up to $13,000, although it retraced a little tho, but at the moment posting this it's above $13,000,the partnership is a sign of more good things to come  .

[hair]

I don't use paypal to buy and sell crypto. Even though paypal is now accepting the crypto industry, I think many people still prefer to use the exchange to make crypto withdrawals to the bank.