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December 17, 2017, 08:45:30 PM |
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PayPal is a time tested tool for those who want free and quick money. Fraudsters have learned to take full and shameless advantage of the reversibility factor and PayPal's anti-btc tendencies.
Despite the cons of using PayPal as a payment method for bitcoin, it is arguably still one of the best ways for paying legitimate merchants such as airlines, for example when buying things like airline tickets or booking hotel accommodation. Their wide and global acceptance is still an unparalleled plus and is a major advantage many appreciate and enjoy. I especially like the peace of mind PayPal offers when storing credit card details on their secure platforms and paying merchants without fear of revealing sensitive credit card information.
It's probably still the safest and most convenient way to transfer money to family members and friends.
With strangers however, it's a totally different story. The reversible nature of PayPal payments, coupled with 180 days to dispute transactions, makes PayPal an extremely risky form of payment for bitcoin trades. $2000 is a lot of money. How can you guarantee that you will not pull off a fast one?
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