Why should I use Bitcoin instead of Paypal?

[fitbobcat]

I am considering writing an article of the advantages of Bitcoin over Paypal. Answering the question "Why should I use Bitcoin instead of Paypal?"  This will serve to help the undecided to take the plunge.


So, why should I use Bitcoin instead of Paypal?

1. There are no fees (optional)
2. Once the payment confirms bitcoin cant take it back
3. Paypal is just an ass
Rainbow Text Created at http://freebitcoinfaucet.com/bbcode/

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[madmadmax]

Hmm... Comparing a U.S. based business which primarily holds a currency at a razor thin safety margin which is going to inevitably crash to a decentralized state of the art Bitcoin, sounds legit.

Plus I was straight up robbed by Paypal, the seller claimed he shipped, then I contacted them when I found out he didn't, they told me to wait 10 days, I have waited 10 days, contacted them again and they told me that it's too late to reverse the transaction. Lost 400$.

[Sauzer00]

Avoid tax

There are a lot of limitations as far as this aspect is considered. If it is a small number of coins, then it is fine. But how can you cash out hundreds of coins without alerting the tax authority? I have no idea.

This is intresting i would like someone to answer at this one ...

I am italian but i live in another country so basically i am depositing trough my ita bank account and cashout out profit to some other bank But i guess that's not that safe .. and i am quite sure that i am suppose to pay some tax in italy for the "profit" that u make trading bitcoin ..

So i am really intresting on earing how to "avoid tax"

[guybrushthreepwood]

I am considering writing an article of the advantages of Bitcoin over Paypal. Answering the question "Why should I use Bitcoin instead of Paypal?"  This will serve to help the undecided to take the plunge.


So, why should I use Bitcoin instead of Paypal?

1. There are no fees (optional)
2. Once the payment confirms bitcoin cant take it back
3. Paypal is just an ass
Rainbow Text Created at http://freebitcoinfaucet.com/bbcode/

MY EYES!

[runam0k]

I made my first non-BTC related purchase using BTC a couple of days ago - a pro account at putlocker.com

Overall, very impressed with how easy it was. And it was instant too (low value, so I guess they chose not to wait for confirms).

Scan QR code/copy unique BTC address, pay.

Put that in a super secure mobile app and boom, we're good to go.

(Is there such an app - Electrum Mobile would be ideal - that uses the same wallets as the full app on your PC?)

[luqash3]

Eatrader in my personnel opinion you have took a wrong topic instead you should write on PayPal advantages over bitcoin or any other crypto currency. Like PayPal is financed by your real fiat currency while bitcoin is a digital currency backed with nothing I guess. You could see how china is beating bitcoin these days

[bitjoint]

I am considering writing an article of the advantages of Bitcoin over Paypal. Answering the question "Why should I use Bitcoin instead of Paypal?"  This will serve to help the undecided to take the plunge.


So, why should I use Bitcoin instead of Paypal?

Asking this you're showing you don't have a clue about how paypal works... so, you better stay away from both (btc and paypal)