Who is winning the Race - Bitcoin or Paypal?

[SniX030]

I think you cant bring Bitcoin and Paypal on one lever. These are too different to challenge each other.
The right question should be: Bitcoin or Bankmoney?

[bajing]

As an online payment platform, Bitcoin appears to have all the advantages over Paypal, making it hot for the online gambling world too.

Read more: https://bitcoincasinos.reviews/bitcoin-is-winning-the-popularity-race-against-paypal/

Bitcoin will win the race, you can see now many gambling site not accept paypal again. i dont know why maybe the reason of protection of paypal users from fraud, it becomes a paypal problem is no longer accepted in gambling industry.

[Schuyler]

A big part of the reason why bitcoin is becoming more popular is because of its function as an investment. Not only is it a currency that can be used to buy stuff over the net, but it is also a store of value, much like gold which you can bring anywhere and use as long as there is internet connection. Other benefit that is obvious is the pseudonymity of the user which appeals to those who doesn’t want to create accounts that require so many personal identifications.

[patt0]

I think they are not really related. Bitcoin has so much more applications. It's a curreny by itself so it can be used as an investment, as paypal, is only used for payments. Bitcoins can be used alone to make payments online payments, and is now being used by other services like neteller, so it's definitely better than paypal, and I think they don't really play in the "same league".

[btcdiggingmaster]

I think you cant bring Bitcoin and Paypal on one lever. These are too different to challenge each other.
The right question should be: Bitcoin or Bankmoney?

Yes, you are right both are completely different scenario because Paypal is a payment processor and it is very serving many people from different of the country but where Bitcoin is not a payment processor, it is one of the currency like Fiat. No one has an exact answer for your question because your question is not relevant one.

[ethereumhunter]

if one person is know bitcoin and paypal, i think he can choose bitcoin with so many benefits that can he use rather than to use paypal and i think for that person, bitcoin will win the race. especially for now, many people is trying to use bitcoin and bitcoin now become one of the best investment as we know. beside that, with many benefits from bitcoin, i think gambler really like to use bitcoin to playing gambling because with bitcoin, they can hide their identity so they can playing gambling with safety.

[ubercool]

Actually, there cannot be any competition between them. Paypal is very good when it comes to verified and legal transactions with respect to Doller or Euro of course because most of the other currencies are an exchange. Whereas Bitcoin is best for anonymous transactions and less fees comparatively.

[Cherylstar86]

Actually, there cannot be any competition between them. Paypal is very good when it comes to verified and legal transactions with respect to Doller or Euro of course because most of the other currencies are an exchange. Whereas Bitcoin is best for anonymous transactions and less fees comparatively.

That is absolutely correct, there is no competition between these two because; they really have each other's different advantages in terms with digital currency network transactions. Paypal to bitcoin is a good partnership when purchasing btc and even selling it, people knew btc due to paypal as mediator of everything just to have digital currency on their account. We should not compare bitcoin transaction using blockchain, because it's totally different from paypal which is using fiat currency money payments online through banking.

[mkmdoc]

Paypal is following all entities of government aspects in different parts of the world, bitcoin is completely different aspects where many people still don't know what is a bitcoin. Even many big companies are using Paypal as payment for their products to get sold in the market.

[HongKong]

I've gambled with Bitcoin and PayPal and my preferred payment method is Bitcoin only.
When I tried to gamble with PayPal, there's a feeling of nervousness with that Company. There just is no safe feeling with PayPal because they like to have frozen accounts for no reason at all. Making a withdrawal through PayPal is not usually automated as well because the company will notice a number of payments going to and into the company and they will just freeze accounts and keep the money.

[maydna]

I've gambled with Bitcoin and PayPal and my preferred payment method is Bitcoin only.
When I tried to gamble with PayPal, there's a feeling of nervousness with that Company. There just is no safe feeling with PayPal because they like to have frozen accounts for no reason at all. Making a withdrawal through PayPal is not usually automated as well because the company will notice a number of payments going to and into the company and they will just freeze accounts and keep the money.

you're right and this is why i've choose to use bitcon rather than paypal. paypal have their own power to make someone accounts deleted or frozen or lock so we can not use our account except we send email to them. i remember when the last time i make withdrawal with my paypal account, i need to wait at least a weeks to see that money is arrive in my bank account although there are any sellers that want to buy my balance but i decide its not good for me. in the future, i think bitcoin will win the race in gambling site because bitcoin offers easy and simple for the gamblers to make deposit and withdraw and the gamblers don't have to waited too long.

[Baofeng]

I've gambled with Bitcoin and PayPal and my preferred payment method is Bitcoin only.
When I tried to gamble with PayPal, there's a feeling of nervousness with that Company. There just is no safe feeling with PayPal because they like to have frozen accounts for no reason at all. Making a withdrawal through PayPal is not usually automated as well because the company will notice a number of payments going to and into the company and they will just freeze accounts and keep the money.

You are lucky if Paypal don't froze your account. I still have my paypal account but I don't used that much often because I already switch to bitcoin already. Specially if paypal found out that something is fishy with your account, the ins and outs of your money history, and they will just froze it off without apparent reason.

[DarkIT]

Many say that paypal is the best payment processor, but, paypal can not or very difficult to use to play gambling. Well, paypal limits its members to some things. But i prefer to use bitcoin, because bitcoin is the best paymenr processor for me.

[Kevin77]

Many say that paypal is the best payment processor, but, paypal can not or very difficult to use to play gambling. Well, paypal limits its members to some things.

I am not seeing any gambling sites are accepting PayPal as scammers may file chargeback once they finish up their works with the gambling site. Only very sites are allowing its members to withdraw using PayPal, most of them not allowing for adding money for bankroll.

Considering the advantages and problem free nature of bitcoins, both gamblers and gambling houses are enjoying more benefits compare to the case of adopting PayPal payment system.

[bohr]

As an online payment platform, Bitcoin appears to have all the advantages over Paypal, making it hot for the online gambling world too.

Read more: https://bitcoincasinos.reviews/bitcoin-is-winning-the-popularity-race-against-paypal/

Paypal has the advantage of being older and having adoption in most countries, but bitcoin compensates that by being available to every single person that wants, remember paypal is not available in some countries.

[eternalgloom]

Many say that paypal is the best payment processor, but, paypal can not or very difficult to use to play gambling. Well, paypal limits its members to some things.

I am not seeing any gambling sites are accepting PayPal as scammers may file chargeback once they finish up their works with the gambling site. Only very sites are allowing its members to withdraw using PayPal, most of them not allowing for adding money for bankroll.

Considering the advantages and problem free nature of bitcoins, both gamblers and gambling houses are enjoying more benefits compare to the case of adopting PayPal payment system.

Yeah, I've only seen one or two online casino's accept Paypal and I think it was even against Paypal's TOS for it to be used by gambling providers, if I recall correctly.
I really think that more and more regular online casino's will start accepting Bitcoin.

Heck, even one of the largest online casino's in Belgium made a blog post about Bitcoin:
https://blog.casino777.be/nl/bitcoin-populariteit-bij-online-casinos

[Slark]

Many say that paypal is the best payment processor, but, paypal can not or very difficult to use to play gambling. Well, paypal limits its members to some things.

I am not seeing any gambling sites are accepting PayPal as scammers may file chargeback once they finish up their works with the gambling site. Only very sites are allowing its members to withdraw using PayPal, most of them not allowing for adding money for bankroll.

Considering the advantages and problem free nature of bitcoins, both gamblers and gambling houses are enjoying more benefits compare to the case of adopting PayPal payment system.

Using PayPal as your payment processor for your gambling service is not easy.

You need to be be located in jurisdiction where gambling activities are legal and you have to verified by PayPal.

And the most important:
"PayPal allows approved gambling merchants to use our service in certain jurisdictions where gambling activities are legal.
To be approved by PayPal, merchants must demonstrate to PayPal's satisfaction that they have the ability to block gambling activities for account holders in the U.S. and any jurisdiction where gambling activities may be illegal".

Source: https://www.paypal.com/us/selfhelp/article/What-gambling-activities-does-PayPal-prohibit-FAQ915

So basically casino needs to prove that they can ban anyone they choose

[stripykitteh]

Many say that paypal is the best payment processor, but, paypal can not or very difficult to use to play gambling. Well, paypal limits its members to some things. But i prefer to use bitcoin, because bitcoin is the best paymenr processor for me.

Bitcoin is the chosen payment method from most of the gamblers that gamble online. There is just no chance of PayPal trying to survive in this competition since they don’t like to have transactions from Casino’s and new websites without them knowing every detail about it. Bitcoin allows people to gamble without having to mess around with companies trying to go through a long period of days just so the payment account could get frozen and all the earnings made from the gamble was for nothing.

[Skarner21]

Many say that paypal is the best payment processor, but, paypal can not or very difficult to use to play gambling. Well, paypal limits its members to some things.

I am not seeing any gambling sites are accepting PayPal as scammers may file chargeback once they finish up their works with the gambling site. Only very sites are allowing its members to withdraw using PayPal, most of them not allowing for adding money for bankroll.

Considering the advantages and problem free nature of bitcoins, both gamblers and gambling houses are enjoying more benefits compare to the case of adopting PayPal payment system.

Using PayPal as your payment processor for your gambling service is not easy.

You need to be be located in jurisdiction where gambling activities are legal and you have to verified by PayPal.

And the most important:
"PayPal allows approved gambling merchants to use our service in certain jurisdictions where gambling activities are legal.
To be approved by PayPal, merchants must demonstrate to PayPal's satisfaction that they have the ability to block gambling activities for account holders in the U.S. and any jurisdiction where gambling activities may be illegal".

Source: https://www.paypal.com/us/selfhelp/article/What-gambling-activities-does-PayPal-prohibit-FAQ915

So basically casino needs to prove that they can ban anyone they choose

I think only U.S. that has ability to use payment method in us gambling casino like in las vegas but in other country like here it will be ban im sure because lately we have new president almost all e-games and gambling casinos are prohibited  and illegal here in my country that is why i choosen bitcoin is a good alternative since they don't know where my bitcoins from if i win big they are not asking about where my bitcoins comes from if i am withdrawing a large amount of bitcoin in my country.. and you can gamble in your house so its safe.

[Lionidas]

This is a strange comparison for anyone especially this bitcoin news site to be making since they are completely different in how they work. And the only thing that connects them in their business is a remittance of payments and receiving them. Nothing more really.