Bad reputation

[qurbanshah02]

Gonna try swapping a bit of crypto to PayPal, just small amounts at first to test the waters. Curious to see how PayPal reacts. My account’s kinda warmed up already. 

When you are done, you can create a thread about your experiences

Had a hard time deciding whether to exchange Bitcoin to PayPal. The main thing is to check how many transactions the service does and how they send the funds before setting up the exchange. I did the exchange, got the funds, and no issues. Account's still good, not blocked, and I spent the money without any problems. 

This was consider to be the case before but when it start  it seemed quite simple as is usually the case with withdrawing money. It depend on how many coins he has worked with in his exchange and how much money he wants to withdraw which we can guess. I don't think it applies to him as you are saying, but it is very useful because we can work on it and use our money through it. If we have done this experiment then we have a good idea that we can use.

[coupable]

Was PayPal ever a good option in the early days of exchanges in order to buy bitcoin? If someone wanted to buy a ton of bitcoin in early 2010, would PayPal have been the way to go to buy more than 1000 usd worth of bitcoin? Why did PayPal get a bad reputation then?

It's important to remember that PayPal is only a payment gateway, not a trading platform or an independent currency. Second, when Bitcoin emerged, there were no cryptocurrency trading platforms; all platforms were stock exchanges. Therefore, Bitcoin transactions were conducted peer-to-peer, and PayPal was used for these transactions. There's no doubt that many people have purchased Bitcoin from other people face to face or through a trusted third-part intermediary using PayPal. This possibility is very likely given that PayPal has not yet heard of Bitcoin and has not yet decided on its position.

[Ojima-ojo]

Was PayPal ever a good option in the early days of exchanges in order to buy bitcoin? If someone wanted to buy a ton of bitcoin in early 2010, would PayPal have been the way to go to buy more than 1000 usd worth of bitcoin? Why did PayPal get a bad reputation then?

Generally speaking I have not used PayPal before, and I don't have the intention of using PayPal in the future, reason being that, I don't just fine PayPal appealing for my needs and since I have a better option why should I border about a so much centralized service that even blocked Bitcoin transactions on it platform.


PayPal is nothing different than the centralized banks that we have around.