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Author Topic: Is bitcoin better or paypal?  (Read 281175 times)
nikrobi
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November 08, 2016, 04:14:00 PM
 #1581

I just wanna say that Bitcoin is the best than paypal.
Bitcoin is anonymous and low transaction
No need require verification to use it.
Bitcoin is semi-anonymous. PayPal was never meant to be anonymous, so in that aspect, saying that Bitcoin is better than PayPal just because you think it's anonymous, doesn't really make sense.

PayPal's intention was to create a payment platform where people can transact with each other in a safe environment, where buyers even have the protection of performing a charge back in case they need it.

Whether or not we as Bitcoiners like PayPal is a different thing, but the average Joe is using PayPal on a massive scale. That's something you have to take in mind.

And yes, I can agree that PayPal's fee structure is on the higher side, especially when it comes to the sellers, but still, regular users and merchants keep using it.

In that aspect, PayPal doesn't seem to let them down when it comes to functioning as payment platform. People have enough choice. If they want, they can ditch PayPal, but they aren't doing that.

Both are useful services, but I prefer Bitcoins, because it's anonymous. I don't like to give my personal informations on the internet. Bitcoin allow me to use a currency without showing my identity.
Bitcoin transactions are cheaper and easier to do, many persos are looking for this.
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November 08, 2016, 05:01:34 PM
 #1582

I think that the bitcoin is on this moment better but that PayPal is more used because its just more popular, maybe in the future this will change, with the bitcoin there can be done a lot more too.
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November 08, 2016, 05:29:01 PM
 #1583

I just wanna say that Bitcoin is the best than paypal.
Bitcoin is anonymous and low transaction
No need require verification to use it.
Bitcoin is semi-anonymous. PayPal was never meant to be anonymous, so in that aspect, saying that Bitcoin is better than PayPal just because you think it's anonymous, doesn't really make sense.

PayPal's intention was to create a payment platform where people can transact with each other in a safe environment, where buyers even have the protection of performing a charge back in case they need it.

Whether or not we as Bitcoiners like PayPal is a different thing, but the average Joe is using PayPal on a massive scale. That's something you have to take in mind.

And yes, I can agree that PayPal's fee structure is on the higher side, especially when it comes to the sellers, but still, regular users and merchants keep using it.

In that aspect, PayPal doesn't seem to let them down when it comes to functioning as payment platform. People have enough choice. If they want, they can ditch PayPal, but they aren't doing that.

Both are useful services, but I prefer Bitcoins, because it's anonymous. I don't like to give my personal informations on the internet. Bitcoin allow me to use a currency without showing my identity.
Bitcoin transactions are cheaper and easier to do, many persos are looking for this.
I think they are not many using bitcoin they are just few users of bitcoin who are gamble their money and doing for illegal activities and other people here are interested for bitcoin because of bitcoin has value and we are here because of bitcoin they are choosen bitcoin because of the anonymity. and your money can not be trace by someone .. ..  the good benefits in paypal its trusted payment proccessor since they have a reverse payment..



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November 09, 2016, 06:15:58 AM
 #1584

I think that the bitcoin is on this moment better but that PayPal is more used because its just more popular, maybe in the future this will change, with the bitcoin there can be done a lot more too.
may be in some area the use of paypal is more that bitcoin, but to me i think paypal is regional and not universal, while bitcoin is universal currency, paypal service is not available every were and is also banned in some area, where as bitcoin is not banned any where.
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November 09, 2016, 06:33:32 AM
 #1585

i think paypal only win with some merchant that accept it but bitcoin only need time to do it too , si i choose bitcoin because overall bitcoin still better than paypal

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November 09, 2016, 07:05:30 AM
 #1586

i think paypal only win with some merchant that accept it but bitcoin only need time to do it too , si i choose bitcoin because overall bitcoin still better than paypal
That's good, we should choose bitcoin because we are here and we must promote bitcoin to make it as the most popular crypto currency online. I believe the price that we are seeing now is not yet the biggest, it will continue to rise if we continue to believe, the more people believe in bitcoins the more it will be progressive.
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November 10, 2016, 04:34:43 AM
 #1587

i think paypal only win with some merchant that accept it but bitcoin only need time to do it too , si i choose bitcoin because overall bitcoin still better than paypal
yes i am agree with you, to me bitcoin is too good than paypal. i personally never use paypal. i think bitcoin is enough for me for every kind of transaction or investment, i never feel for any other source.

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December 27, 2016, 08:08:12 AM
 #1588

Yes it is true that the best option for buyers is the paypal because they can refund the money if they do not received the product that they asked for but
   in terms of fast transaction of money I guess the best one is the bitcoin but it needs an escrow for they can trust you that much.
When you buy online paypal is way better since they are legitimate company, but if you are gambling and transacting on illegal activities no question bitcoin fits on your needs. Bitcoin is very popular for gambler because they have all the freedom to gamble in different sites without restriction.
i agree with you that bitcoin is really fit on our needs and we can easily use bitcoin for gambling and bitcoin are getting more popularity and more people are adopting bitcoins in huge amount and i think that bitcoin transaction is much more easy than other transaction.
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December 27, 2016, 08:24:29 AM
 #1589

In many ways, Yes it is. Way better than Paypal. The main advantage is that Bitcoin is not a company as Paypal is. Paypal does whatever it wants, takes a lot of fees, chargeback process is hectic and service is pathetic. Angry

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December 27, 2016, 11:52:16 AM
 #1590

In many ways, Yes it is. Way better than Paypal. The main advantage is that Bitcoin is not a company as Paypal is. Paypal does whatever it wants, takes a lot of fees, chargeback process is hectic and service is pathetic. Angry
but then why a lot of merchants adopt paypal rather than bitcoin?
okay it is just the matte of time that paypal older than bitcoin ,
but can you see a good thing happened in bitcoin development recently?
i don't think so , there is a very slow development for merchants to accept bitcoin, how can you say bitcoin better than paypal now?
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December 27, 2016, 01:10:36 PM
 #1591

In many ways, Yes it is. Way better than Paypal. The main advantage is that Bitcoin is not a company as Paypal is. Paypal does whatever it wants, takes a lot of fees, chargeback process is hectic and service is pathetic. Angry
but then why a lot of merchants adopt paypal rather than bitcoin?
okay it is just the matte of time that paypal older than bitcoin ,
but can you see a good thing happened in bitcoin development recently?
i don't think so , there is a very slow development for merchants to accept bitcoin, how can you say bitcoin better than paypal now?
Simply because paypal is govern by the law and regulation and users feel comfortable with transaction where government are supporting, in bitcoin some of the transactions we can make are a shady one, we can use bitcoin in gambling and it's also rampant in the dark web for illegal transactions like selling of drugs.

A legitimate businessmen is at fear on the weak side of bitcoin as they do not want their business to be compromise in the future.

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December 27, 2016, 02:02:25 PM
 #1592

it depends on the user as well as the country you are at..first in the country because other countries cannot use bitcoin or you can not withdraw using bitcoin while paypal is worldwide where you can send and withdraw..and the use od currency in paypal is easily convertibel..regarding on the user because bitcoin is on trend today there are many sites who offer investment using bitcoin and its economy is rising..but egarding on being safe for transaction paypal is recommended because said by the members it is safe because you are not anonymous because of the verification of paypal on the othe hand bitcoin is pure anonimous because you can easily get a bitcoin account without verifying it..so becareful in transacting bitcoins on person who dont know well...
so in summary  bitcoin and paypal is different. There are advantages of paypal as well as bitcoin..it only depends on the user what to use and regarding on he situation you are at..so be safe in using in these account and dont give your password to anyone Smiley
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December 27, 2016, 02:20:49 PM
 #1593

I see big difference between PayPal and Bitcoin, these are two different thing. PayPal is online money service and Bitcoin is virtual currency. PayPal enables you to make payments without direct contact or to give you credit card data and you have some kind of legal protection.
One day if PayPal starts to accept Bitcoin you could use Bitcoin and PayPal at the same time.

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December 27, 2016, 04:43:03 PM
 #1594

In many ways, Yes it is. Way better than Paypal. The main advantage is that Bitcoin is not a company as Paypal is. Paypal does whatever it wants, takes a lot of fees, chargeback process is hectic and service is pathetic. Angry
but then why a lot of merchants adopt paypal rather than bitcoin?
okay it is just the matte of time that paypal older than bitcoin ,
but can you see a good thing happened in bitcoin development recently?
i don't think so , there is a very slow development for merchants to accept bitcoin, how can you say bitcoin better than paypal now?

Paypal might charges fees and have some issues, but for general payment and buying goods/services online, Paypal is much better than Bitcoin.
Moreover it might not happen but there is a chance of devaluation of your Bitcoin. So its a risk for general purpose.

Now Bitcoin also has some awesome features, it might has slow development, but the users are also less, it will take time to be smooth I believe.
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December 27, 2016, 04:50:32 PM
 #1595

I have been told that don't accept payments via paypal, is that right?
Because when buyer will have his bitcoins then he can claim back money from paypal by saying that i haven't received desired product.
You can't compare this is at the moment this too has a big diffrences first is paypal is company where people using this to pay online or to shop online bitcoin is digital currency where we use this to trade and to invest online. paypal can be request to the support and can be easily dispute transaction this is the advantage of paypal not like bitcoin once you send your bitcoin you can't even get back.

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December 27, 2016, 08:22:04 PM
 #1596

If you're making payments to someone you know/trust or for services already rendered I like Bitcoin (especially if international) to avoid the fees and funds availability delays.

MyBit designs products that open up the world, creating tools that enable freedom and wealth generation for everyone.
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December 27, 2016, 09:15:09 PM
 #1597

The bitcoin is way better than paypal because of the following reasons:

1. Paypal is limited in some kind of country's.
2. Paypal is controlling your account so they keep an eye on you.
3. Paypal is very slow with some kind of transactions.
4. The bitcoin is way faster.
5. The bitcoin is more secure than other pay methods.
6. The bitcoin is controlled by yourself no one else is looking in your wallet its just you that has the power over your money.
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December 27, 2016, 09:57:22 PM
 #1598

They are both good, but I think we cannot compare them because they are both very different.
The bitcoin wants to be a real currency, Paypal just wants to be a pay method and is not a currency at all right ?
Overall I do like the bitcoin more because its faster and also more secure and cannot get limited.

Finally a guy that is exactly saying what I would say, I'm also thinking the same thing, you cannot compare this too.
The bitcoin is something to pay with and is something that wants to be a currency.
With paypal this not the case because its just a system that accepts money and convert them to other currency's.
I think overall there is no chance we can compare them because they are both doing different kind of stuff.
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December 27, 2016, 10:10:50 PM
 #1599

I don't know how it's possible to compare bitcoin and paypal. Bitcoin is crypto currency and paypal is payment system. If you have got a problem with paypal it has nothing with bitcoin, cause of it's two totally different things. That's my opinion.
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December 27, 2016, 10:23:40 PM
 #1600

The only advantage that pypal retains over bitcoin is i guess the price stability. Bitcoin has large price swings while paypal is obviously denominated in USD. However, bitcoin does not and cannot run a fractional reserve system, while Paypal probably does so in an attempt to bring more profit into their company(because paypal is for-profit, and bitcoin is not).

Once bitcoin price stabilises paypal is dead.
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