Look do I think anyone should have 25%-100% of their BTC on PayPal alone .
Hell no.
But a few bucks worth? yes.
But why? I can only see drawbacks, no benefits. From
Forbes.com:
PayPal wouldn't let users transfer their cryptocurrency into or out of PayPal
To me, this looks like the worst of both worlds: Paypal is now an exchange that only lets you deposit and withdraw fiat. You can exchange it to Bitcoin, but you can only keep in on the exchange. Combine that with the fact that Paypal is well known to freeze accounts, and I wouldn't want to use this. But I'll follow your adventures with them anyway
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
For all those saying that this will "increase btc adoption"
If anything, it can only increase Bitcoin speculation. There's literally nothing else you can do with your Bitcoin on Paypal.
As we know PayPal has a chargeback issue. Since you bought BTC via PayPal account, I am a little curious to know if there is still a chargeback (dispute) option for crypto when you are using crypto PayPal to PayPal.
That's probably why Paypal doesn't allow you to transfer the Bitcoin to another account directly. It goes through fiat, so they can chargeback when needed.
Further reading:
Cryptocurrency on Paypal FAQIt's not even correct though:
Litecoin: designed to be a future payment method and can be mined more quickly than Bitcoin - producing one new coin every 2.5 minutes (whereas Bitcoin produces one every 10 minutes).
Can I use Cryptocurrencies to pay or send money with PayPal?
At this time, you cannot use Crypto as a way to pay or send money on PayPal.
Can I use my Cryptocurrency balance as a funding source for my purchases?
No, not at this time.
They had a great opportunity, and they blew it
![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
Can I use my Crypto assets as a funding source to pay merchants?
No, users cannot use Crypto as a funding instrument for commerce at this time, though this is planned for 2021.
It's as if this FAQ was written by different people who didn't read what the others were writing.
I made a Cryptocurrency purchase in error - can I cancel or reverse it?
I apologize for this situation, but there isn't a way to cancel or reverse Cryptocurrency transactions.
Wait what? First they say it's only Paypal internal, then they say it can't be reversed. This doesn't make much sense.