Today you can buy cryptocurrency from Paypal

[bestspinner]

Paypal announced on their Twitter today.

"We are pleased to announce that starting today, all of our eligible US customers can now buy, hold and sell #Cryptocurrency directly from their PayPal accounts. We’ve also increased our weekly purchase limit to $20K. "

What do you think?

 

[360MOB]

I would never trust GayPal with my crypto though

"4.12351 BTC in your pending balance"

 

[Kenobii]

$24k coming soon! No doubt!

 

[cwiney]

Your account will be limited for no reason
They gonna hold your money for 180 days.

 

[Scorpion Ghost]

Yeah trust paypal to permanently suspend you for reasons unknown and freeze your cryptos for 6 million years. And maybe they dont give you your money back after 6 million years because they determine youve broken theyre rules and for every rule they determine you broke they fine you 6 million dollars.

Oh you broke 6 rules so now you owe them 36 million dollars. Off to the camp you go.

For fucks sake crypto isnt meant to be under the control of the cunt paypals of the world.

Anyone that holds crypto on paypal and loses it or all of a sudden cant use it for 6 months deserves everything they get.

 

[alonelywriter]

ima wait here and see how it turns out today
By Far I am a happy guy

 

[Mr Positive]

Never gonna use them imagine they hold btc at 15k release it at 3k and the horrible fees they’ll charge so never gonna trust them

 

[Scorpion Ghost]

Never gonna use them imagine they hold btc at 15k release it at 3k and the horrible fees they’ll charge so never gonna trust them

I hope the crypto community (whoever they is) is well aware of how paypal does this shit.

I just worry that people knew paypal doesnt allow cryptos so they didnt use it for crypto buying/selling/holding.

But they wont know how shady paypal is and how for no reason and no warning theyll freeze all your funds for 6 months. And when the period is over you may get your money or you may not. Paypal doesnt care, fuck you. You agreed to their terms of service, fuck you again.

And its one thing when they freeze your fiat. Imagine they freeze you crypto at $10, then two months later its at $1.000, and 6 months later it's $0.01...

I mean... You may have to kill yourself. Paypal will come and piss on your grave. Why? They dont have to tell you anything. Theyve determined that pissing on your grave is the right thing to do, go fuck yourself.

 

[BassTrackerBoats]

The company will charge high fees on fiat-to-cryptocurrency and cryptocurrency-to-fiat exchange transactions. You can expect to pay 2.3% for transactions below $100, 2% for transactions between $100 and $200, 1.8% for transactions between $200 and $1,000 and 1.5% for transactions above $1,000. There’s a minimum fee of $0.50 for transactions below $25. The page also says there will be some spread between buy and sell prices. Fees will be waived until 2021.

https://techcrunch.com/2020/10/21/paypal-to-let-you-buy-and-sell-cryptocurrencies-in-the-us/

 

[360MOB]

And its one thing when they freeze your fiat. Imagine they freeze you crypto at $10, then two months later its at $1.000, and 6 months later it's $0.01...

HAHA! EXACTLY MAN

They locked my account today, $7200.... hard earned money from my legit shopify store, now I need to wait 180 days before they decide to steal or give me back my money, imagine if it was crypto... haha I would loose all my hair after a week

 

[Scorpion Ghost]

HAHA! EXACTLY MAN

They locked my account today, $7200.... hard earned money from my legit shopify store, now I need to wait 180 days before they decide to steal or give me back my money, imagine if it was crypto... haha I would loose all my hair after a week

Yeah they do this shit 24/7.

They froze mine with $1,800 yesterday.

I'm reaching out to some customers, may be able to refund about $300 and get the customers to send me using other payment processors.

The rest of it, well, 6 months, and hope they dont steal it. Fucking gaypal.

 

[SocialNed]

HAHA! EXACTLY MAN

They locked my account today, $7200.... hard earned money from my legit shopify store, now I need to wait 180 days before they decide to steal or give me back my money, imagine if it was crypto... haha I would loose all my hair after a week

Dude that sucks man, have you tried testing your Shopify store without PayPal? Do you still make sales? I would try to avoid PayPal in the future, they are big fraudsters.

 

[Psh]

Oh sure, can't wait for PayPal to hold my crypto for 180 days.

Nope.

 

[Scorpion Ghost]

This could turn out to be a good thing.

What happens when they freeze someone's serious amount of crypto and over the next 6 months the value goes sky high but then drops before gaypal releases the money, and then what happens when gaypal does ot to thousands of people?

We know theyll do it, because thats just what they do. But at that point, seeing as those people lost potential thousands/tens of thousands/hundreds of housands/millions, i wonder if lawsuits will start flying around.

 

[jasonforrest]

This could turn out to be a good thing.

I'm hoping Paypal with Bitcoin turns into a good thing. Maybe this is step 1 with what hopefully, eventually, they will allow withdraw BTC for self custody.

 

[hideath]

Does anyone know what's the actual fees are?
i don't think it gonna be a good idea for trading, but accepting btc as payment is a good one, especially with the hight coinbase fees

 

[yvonne55]

Would not trust them, but it's good for Bitcoin. Value will go up, I believe.

 

[bdman]

The questions is why you need gaypal for buy crypto? USA people already have multiple safe way for buying crypto.

 

[Salamouna]

Im not from USA
But you can buy crypto on PayPal then send it to external wallet
They didn't told you that you should store it on PayPal

 

[360MOB]

Dude that sucks man, have you tried testing your Shopify store without PayPal? Do you still make sales? I would try to avoid PayPal in the future, they are big fraudsters.

Yes Im making sells without them too, fuck em! Its really not worth using their services at all, beause some day, they'll take every u got haha, just a mater of time.