Have you ever tried out the buying and selling of cryptocurrency on the Paypal Online payment processors?

[Stardom22]

PayPal and other businesses are said to be accepting the crypto currency with the buying and selling of the cryptocurrency. Have you ever tried out using that and what is the experience like?

 

[King Belieal]

I have heard that people can use PayPal to buy and send cryptocurrency but I don't really have an idea how that works.

 

[Xtynehappy]

For me l have never done any transactions that involves the use of the cryptocurrency before.

 

[eLdavis]

I have never tired using it before and even if I wanted to I can't, since we have limited access to PayPal due to my location.

 

[Suba]

Even though I have been using PayPal for a long time, until now in my country, PayPal does not support crypto so I cannot make crypto transactions on PayPal.

 

[Kross]

Even though I have been using PayPal for a long time, until now in my country, PayPal does not support crypto so I cannot make crypto transactions on PayPal.

It seems that buying crypto using the PayPal platform only works in the United States. It doesn't work in most other countries.

 

[Suba]

It seems that buying crypto using the PayPal platform only works in the United States. It doesn't work in most other countries.

You are absolutely right, crypto transactions on PayPal are only valid in the US, Hawaii and UK, and maybe in European countries and others. But as far as I know, if you buy crypto on PayPal you can't withdraw it to another crypto wallet unlike when we buy crypto on a crypto exchange.

 

[Fidelia]

You are absolutely right, crypto transactions on PayPal are only valid in the US, Hawaii and UK, and maybe in European countries and others. But as far as I know, if you buy crypto on PayPal you can't withdraw it to another crypto wallet unlike when we buy crypto on a crypto exchange.

Most of the full functionalities of PayPal are better experienced in the US which is their home country. That's why I don't bother too much with trying to access their features.

 

[pousinha]

Even though I have been using PayPal for a long time, until now in my country, PayPal does not support crypto so I cannot make crypto transactions on PayPal.

This is the very same matter in the Mercosur area: our Paypal doesn't work with cryptocurrencies. In addition, it's likely in the next future in my country we'll not be able to make any crypto transaction at all, as the current government is hindering their use and probably prone to declare them illegal.

 

[Suba]

This is the very same matter in the Mercosur area: our Paypal doesn't work with cryptocurrencies. In addition, it's likely in the next future in my country we'll not be able to make any crypto transaction at all, as the current government is hindering their use and probably prone to declare them illegal.

One of the weaknesses of cryptocurrency can be used for criminal acts such as money laundering, terrorist financing, fraud etc. In fact, any medium of exchange can also be used for criminal acts, but the government will take the easiest route.

 

[pousinha]

In my opinion (and this is the same opinion of many friends of mine), among various countries, the politicians' complains about criminal acts due to cryptocurrencies it's a mere excuse. Their real aim appears to be they like to hinder the use of cryptocurrencies to maintain the ignorance and poverty among the population. A Spanish friend of mine agrees, as she says politicians in her country are the first to practice money laundering.

 

[kerryjoy]

I have never tried that , it's hard to buy bitcoin using Paypal from my side

 

[Xtynehappy]

It's like th in

Post automatically merged: May 30, 2024

It's like that there's so much people already getting the use for the PayPal to cryptocurrency feature. Though l guess the transaction fees must be very higher

 

[Augusta]

i doubt it works for all countries. So it is to find out first and be sure it is working for your country before trying it out

 

[Stardom22]

I have realised that that feature is not available based in my location. Only the transaction of fiat currency is allowed in my country for sure.

 

[riberet19]

I did it once and I didn't like the fees they charged me, so now I don't do it anymore and I don't plan to do it in the future.

 

[Augusta]

PayPal users can buy, sell, send, and receive cryptocurrency directly within the PayPal platform. But not used it personally

 

[Fire&Rain]

Paypal is still the same old PayPal in my country. Nothing has changed, there's is no option for cryptocurrency, i wish there was though since its one of the few sites that i can withdraw to my bank account.