PayPal finally allowed BTC

[Lizzylove1]

This was long predicted and expected, the timing was something that was kept secret. Any financial institution who fails to integrate the ever dynamic financial revolution currently gathering momentum in the crypto sector, will sooner become obsolete. The competition to stay in business and remain profitable is not negotiable.

[royalfestus]

They dont offer to buy but just sell, so where do they get all the bitcoins to sell?
My other concern is what happens in the bear market?
 will they offer the same service at the same limit for everyone, purchase will decline then like ever but will they still be in the market or close shop like others.

[Traderbtcc]

PayPal accepting crypto was something that was inevitable, PayPal is a really old system of payment, whereas bitcoin is the future, so they had to adopt it in other to continue existing, I really like the fact that the fact that they will make crypto more accessible to everyone, considering that they are the biggest payment platform in the world, with millions of active users this will certainly lead to mass adoption of bitcoin, it's a shame here in my country we are unable to access PayPal, seems like my country was blacklisted or something,but we are unable to use the PayPal platform.

[MCobian]

Many people think negatively about Paypal regarding their decision to accept Bitcoin, because Paypal is considered to be taking
advantage of the popularity of Bitcoin for their own personal gain. And Paypal rules are strict regarding Bitcoin transactions, even
though this is just the beginning in my opinion. We give Paypal the opportunity to adopt Bitcoin in their way, because I believe Paypal
will change their policy regarding Bitcoin. If it turns out that Bitcoin transactions on their platform are crowded, then there is a possibility
that Paypal will provide access to Bitcoin deposits and withdrawals. Or even Paypal is working with several large market places so that
Paypal users can buy goods using Bitcoin. Just let and see.

[yazher]

Honestly say, many people are being sceptical with this knowing how strictly PayPal freezes its users' accounts for little reason. I don't know if they will treat crypto accounts differently or not, but imagine getting your accounts frozen for 6 months before they decide to give them back to you or not.

With their past experience, they need to follow every rule that PayPal implements so that there will be no problem. 6 months is not a joke when you have all your assets in that account. Despite all of the rumors, Paypal still pursues their desire to caught the massive trends with cryptocurrency these days. The main reason for this is their research has proved that investing in such industries will bring them money. otherwise, we are not talking about them here today.

[DapanasFruit]

I have been waiting for the time that eventually PayPal will be allowing the purchase of Bitcoin (and other cryptocurrencies soon maybe). We have to understand that PayPal is recognizing the demands from their global users and yes because PayPal is one that is always looking for ways to boost its revenues and profits as well as looking at Bitcoin as something unstoppable -- they now decided that the time ahs come. A big good news, indeed!

[bayu7adi]

I have been waiting for the time that eventually PayPal will be allowing the purchase of Bitcoin (and other cryptocurrencies soon maybe).

Even though Bitcoin can be bought on PayPal, we can't send Bitcoin to other wallets and this is in my opinion a very limited feature. Bitcoin can only be sold on Coinbase and Localbitcoin. This company only allows us to buy, sell and store it, and they get a fee for the transactions that occur.

I believe this is a gradual process, so we have to wait for the full adoption of cryptocurrencies on the PayPal platform so that we have more flexibility if we want to buy Bitcoin or LTC there.

Can you use Paypal to receive money for selling Bitcoin?
Yes of course!
As mentioned above, you can sell your Bitcoins to Coinbase or on LocalBitcoins and receive cash to your Paypal account. use in the USA and some of Europe. The fees for selling bitcoins to PayPal are 3.75% using Coinbase.

source

[blckhawk]

~
So, what do you think about this?

Unfortunately, it is now only limited to the US, it might be better if they include the other users who lived outside the country but anyway sooner or later I'm pretty sure that they will open up.
Currently, this Paypal adoption brings cryptocurrencies near to the hand of the people more conveniently, and I think this is one of the reasons why Bitcoin is surging right now. Unfortunately, just like what I have mentioned it would be better if they open up for other countries because based on the other comments they aren't able to use it.

[como10master]

That is some GOOD NEWS!

[bryant.coleman]

Even though Bitcoin can be bought on PayPal, we can't send Bitcoin to other wallets and this is in my opinion a very limited feature. Bitcoin can only be sold on Coinbase and Localbitcoin. This company only allows us to buy, sell and store it, and they get a fee for the transactions that occur.

I believe this is a gradual process, so we have to wait for the full adoption of cryptocurrencies on the PayPal platform so that we have more flexibility if we want to buy Bitcoin or LTC there.

Can you use Paypal to receive money for selling Bitcoin?
Yes of course!
As mentioned above, you can sell your Bitcoins to Coinbase or on LocalBitcoins and receive cash to your Paypal account. use in the USA and some of Europe. The fees for selling bitcoins to PayPal are 3.75% using Coinbase.

source

The exchange deals that you get in Localbitcoins are not legal. If PayPal comes to know about this, then your PP account will be nuked, as already happened to thousands of users (you can search here, and may come across multiple threads related to this topic). As of now, PayPal doesn't have partnership with any of the cryptocurrency exchanges and it is not possible to do any transactions on them with PP.

[fauzan123]

With this kind of news on the air, we can reach up to $20,000 per BTC just before the end of this year, or maybe it will lead to even more high price because PayPal is not just some small companies in regards to online payment, It is one of the trusted online payment out there. in fact, for me, it is the top one. The other companies will follow them if they see PayPal is taking the lead.

Indeed, it seems that there is a positive impact that occurs because paypal has collaborated to use bitcoin, of course it is a good thing for the positive trend movement that occurs because 15k has been penetrated.

It is not impossible if the price of bitcoin could possibly reach 20k.