Is bitcoin better or paypal?

[TastyChillySauce00]

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.

They're charging a lot of fees to pay their employees, having profit, and paying taxes to their government. it's not a non-profit company that works for charities, they're building this company in order to get profit
So, they must charge pretty high fees otherwise, they will bankrupt if they don't. That does make sense why paypal is charging pretty high fees if you compare to bitcoin which is definitely not a company

[Bitcoin0916]

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.

Maybe we could compare the number of transactions and users, bitcoin is currently around $15 billion in marketcap, but paypal is hundreds of billions. From this side of the paypal still won, paypal has been working with the banks but nothing yet bank agreed bitcoin. It may take longer for bitcoin could beat paypal. It just my oppinion.

[Yuuto]

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.

Maybe we could compare the number of transactions and users, bitcoin is currently around $15 billion in marketcap, but paypal is hundreds of billions. From this side of the paypal still won, paypal has been working with the banks but nothing yet bank agreed bitcoin. It may take longer for bitcoin could beat paypal. It just my oppinion.

Potential.

Bitcoin has so much more potential than paypal. The main thing is that Paypal is restricted by fiat. It's restricted by government regulation. It cannot grow anywhere because if fiat goes down, so will paypal.

Bitcoin on the other hand is decentralised, which means that governments have little influence. I'd bet bitcoin in the long term.

[Dudeperfect]

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.

Not only paypal but every other fiat fund transfer company would start getting in trouble once bitcoin price remains stable. I have some experiences which are not so good with international fund transfer companies and on the other hand I found crypto currency technology is emerging as a solution for all the obstacles of traditional fund transfer options. I won’t blame any companies but they won’t have much space in the future unless they adopt crypto.

[mkmdoc]

I hope it is completely different question because bitcoin is a currency and paypal is a payment system which is handling many other currencies also, Even though both are completely digital currency but it is completely different concept. Paypal is one of the best payment processor or payment gateway which is paying it's customers on time. Where as bitcoin is completely different it is not governed to single person any has the right who has his own coins.

[pinoycash]

I hope it is completely different question because bitcoin is a currency and paypal is a payment system which is handling many other currencies also, Even though both are completely digital currency but it is completely different concept. Paypal is one of the best payment processor or payment gateway which is paying it's customers on time. Where as bitcoin is completely different it is not governed to single person any has the right who has his own coins.

True, they are totally 2 different things, its better to compare, Coinpayments or coinbase to paypal in handling money as payment processing.

[Sled]

I don't use paypal because i already have bitcoin but for me even though i didn't try using paypal before i still go for bitcoin because of its security which i don't need to verify my account on a particular wallet unlike paypal does and bitcoin is very profitable because i can do trading from it and it can generate good income for me every month unlike in paypal you cannot do that.

[burner2014]

I do have both, though I am not using paypal because I am comfortable with the way bitcoin transact the money, user friendly hassle free and low transaction fees. Although a lot of users now transact with people but since I already met bitcoin I never used paypal anymore since I am happy with the outcome of bitcoin.

[iram3130]

I do have both, though I am not using paypal because I am comfortable with the way bitcoin transact the money, user friendly hassle free and low transaction fees. Although a lot of users now transact with people but since I already met bitcoin I never used paypal anymore since I am happy with the outcome of bitcoin.

The problem is still there are blind users of Paypal who don't wanna shift to Bitcoins. Won't understand that bitcoin is way better than using Paypal. 

[MahaRamana]

Paypal is an online payment system for existing, government-backed inflationist currencies.

Bitcoin is a cryptography-backed deflationist currency AND it can be also used to make transactions.


Two completely different things.

[rickadone]

I do have both, though I am not using paypal because I am comfortable with the way bitcoin transact the money, user friendly hassle free and low transaction fees. Although a lot of users now transact with people but since I already met bitcoin I never used paypal anymore since I am happy with the outcome of bitcoin.

But I have even no paypal account I never used paypal in my life time and I think the reason is the same that I never feel the need to use paypal, as bitcoin is nicely completing my all requirement and I am really feeling good while using bitcoin. Therefore I think I never feel the need to use any other currency or forum.

[Yuuto]

I like paypal for it's currency conversion, it's no fee's for transfers to family and friends world wide, the buyer and seller protections it offers and no waiting for a block to validate. Crypto can't compete with that

Are you serious dude?

Paypal charges a hefty conversion fee if you are sending it worldwide and also it takes a cut from each transaction. It is reversible, meaning that you cannot convert your cryptocurrency with paypal because it is so risky of getting scammed.

With bitcoin you can send it worldwide anytime, and you don't need to wait for blocks actually. Some exchanges might require 1 confirmation but you can send unconfirmed inputs.

[Capradina]

I do have both, though I am not using paypal because I am comfortable with the way bitcoin transact the money, user friendly hassle free and low transaction fees. Although a lot of users now transact with people but since I already met bitcoin I never used paypal anymore since I am happy with the outcome of bitcoin.

But I have even no paypal account I never used paypal in my life time and I think the reason is the same that I never feel the need to use paypal, as bitcoin is nicely completing my all requirement and I am really feeling good while using bitcoin. Therefore I think I never feel the need to use any other currency or forum.

Hmm, did you see that paypal has no advantage to you. But I see that in the future that you'll desperately need paypal for various things, because now it's paypal has different advantages and benefits of the bitcoin and paypal have a level that's more a guarantor or a clear law. So that is the reason you use paypal in the future, if you don't believe you can prove yourself.Advantage indeed now we can get in the bitcoin, however if we just use the bitcoin alone then it all is not the right way
 

[iram3130]

I like paypal for it's currency conversion, it's no fee's for transfers to family and friends world wide, the buyer and seller protections it offers and no waiting for a block to validate. Crypto can't compete with that

Have you ever tried sending money to anyone who lives in 2nd or 3rd world countries.?
You will be amazed when you see the conversion rates as well as fees they charge for that. Just try and experience it once. Make a donation to someone's PP account and ask them how much they have got. 

[mrcash02]

I like paypal for it's currency conversion, it's no fee's for transfers to family and friends world wide, the buyer and seller protections it offers and no waiting for a block to validate. Crypto can't compete with that

Have you ever tried sending money to anyone who lives in 2nd or 3rd world countries.?
You will be amazed when you see the conversion rates as well as fees they charge for that. Just try and experience it once. Make a donation to someone's PP account and ask them how much they have got. 

Yes, it's true, the fee is very high, doesn't worth much, but sometimes we have to use it because most sites and services don't accept Bitcoin yet, only Paypal and another sites services like this. Some time ago I converted $11, and they got almost $2 in fees. I received only $9 dot something...

[FaucetRank.com]

Paypal is better when you invest online or you buy something and than you find that the item is not worthfull to buy and want refund or may be some one try to scam you than you can charge back to protect your funds and rights but when you talk about fast/anonymous/low cost transaction than Bitcoin is better.

[iqlimasyadiqa]

Paypal is better when you invest online or you buy something and than you find that the item is not worthfull to buy and want refund or may be some one try to scam you than you can charge back to protect your funds and rights but when you talk about fast/anonymous/low cost transaction than Bitcoin is better.

I think just the opposite. bitcoin gives us a profitable investment. and paypal could not do it. bitcoin prices keep moving up and down. while PayPal has a nominal value remains the same.

[justdimin]

I don't use paypal because i already have bitcoin but for me even though i didn't try using paypal before i still go for bitcoin because of its security which i don't need to verify my account on a particular wallet unlike paypal does and bitcoin is very profitable because i can do trading from it and it can generate good income for me every month unlike in paypal you cannot do that.

Yes, in my experience too bitcoin is much safer to use than PayPal and it is much easier since it does not ask you for credit card, moreover it does not require you to give out you real identity which sometimes can compromise your personal life in case of hacks.

But all the shopping sites don’t use bitcoin as a payment method which is a problem for us that is why we always need PayPal.

[hurain]

Paypal is better when you invest online or you buy something and than you find that the item is not worthfull to buy and want refund or may be some one try to scam you than you can charge back to protect your funds and rights but when you talk about fast/anonymous/low cost transaction than Bitcoin is better.

may be it so but i personally have no experience in paypal, according so some ops paypal is not a universal form and its service is not available everywhere. therefore to me i think bitcoin is the best option as compare to paypal.

[MANCRYPTOS]

Paypal is better when you invest online or you buy something and than you find that the item is not worthfull to buy and want refund or may be some one try to scam you than you can charge back to protect your funds and rights but when you talk about fast/anonymous/low cost transaction than Bitcoin is better.

may be it so but i personally have no experience in paypal, according so some ops paypal is not a universal form and its service is not available everywhere. therefore to me i think bitcoin is the best option as compare to paypal.

Yes agree with you PayPal service is not available everywhere, but it is stable today bitcoin is unstable because  today price is 900$ but no one knows how much it will be tomorrow so for shopping PayPal is good then bitcoin