Why You Shouldn't Use PayPal's New Bitcoin Wallet

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PayPal now let’s you use your PayPal wallet for bitcoin and a few other cryptocurrencies, in this video I tell you why that may be a bad idea for many people. Despite the downside, some more casual users may find it useful and the service will be rolled out on PayPal in the US in the coming weeks and on the Venmo app next year.

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Comment (46)

  1. Just thinking out loud here. If PayPal is holding your crypto and they get breached and crypto gets stolen, they cannot say "hey the 1000 bitcoins that were stolen were strictly your coins" therefore they wont hold any specific user of this feature liable. instead they would just take the loss and they would also have a much higher incentive of protecting the crypto asset. Would this not be a good thing? Am I making sense? I am looking at this from a perspective of spending and actually using bitcoin as currency not as just buying and holding.

  2. A great video indeed. Forex investments requires some skills and training to help manage business risks and to have good profit turn out. Indeed, a good broker is required to handle trade unpredictabilities. I recommend to all newbies my broker Mrs Lillian Donald. Her trader-friendly approach stand her out as the best. She's indeed the most reliable and reputable broker i know.

  3. The crypto mark:et is currently experiencing a bull run and a lot of newbies see this as a chance to get in on the action,I think I'll let others hold the bag. This happens anytime something moons. I've seen with Bitcoin in 2018, in the silver mar:ket, the oil mar:ket, housing and even about individual stocks. When something moons like this, sorry, you are too late. My advise if you are planning to go in the Crypto Mar:ket is you should trade with a wise approach rather than buying Crypto, holdin it to make gain and then get disappointed by an imminent crash in a few weeks. Over the past year I have been able to make 13+BTC following the instructions and s!gnals from Max Santigo, He runs program for investors/newbies who lack understanding on how tradN Bitcoin works, to help them utilise the volatility of the crypto mar:ket and also stack up more Crypt0. You can easily get to him on <maxsantigo47(a) gmail .com> for any Crypt0 related issue.

  4. A great video indeed. It's never too late to realize what you want in your life and it's never wrong to fight for it. a good broker is required to handle trade unpredictabilities. I recommend to all intending investors my broker Mrs Tracy Brad. Her trader-friendly approach stand her out as the best …give her a try..

  5. Excellent video. But you see trading cryptocurrency requires more than just a primary knowledge of crypto. It is advisable to trade with an expert to avoid unnecessary losses. Trading with Mrs Josephine has been really productive. In fact i would say she is the best broker.

  6. "You have $4,208.38 on hold" This is from my Crypto account on PayPal. Plus a $31.00 fee for selling $1,000 worth of Crypto. Now I cannot buy or sell that crypto that has the hold. That was 9 1/2 hours ago and I cannot get ahold of anyone at PayPal. Apparently they only have people there between 9am est and 9pm est.

  7. Great video! Albeit, investing in the forex market as a first timer may occasion some hardships and business failures. Mrs.Flora Richardson, a verified broker helps in managing business risks. My recent investment with her got me double my investment capital…

  8. Your team are such a light thank you for brightening my view when all I could see was darkness, you are such a special person, and I'm so incredibly Lucky to call you on my saviour. thanks for the profit.. mr Julius Graham

  9. Great content. It’s so surprising how people buy crypto and store. What then is then is the reason of buying without investing it and making profit?
    Meanwhile making profit in crypto and forex at large requires you investing and as a beginner, you'll need an expert who would guide you while making investments because trading forex ain't really easy as some people might think. You might end up running losses without proper guidance and tutelage from an expert. Mrs Harriet Lopez has been my broker of all time, I’m forever grateful to her for helping me attain this life of financial freedom.

  10. I mean…this is the easiest way to get into crypto with little risk unless you're planning on making transactions for thousands…I think this is pretty great considering how many thieves there are out there this is pretty safe in comparison.

  11. <I must say. Bitcoin’s price action has been fluctuating throughout the past few days and weeks, with bulls and bears both reaching a clear impasse, the aggregated cryptocurrency market has been following in Btcoin’s lead and is struggling to garner any decisive momentum. One analyst is now noting that BTC has been holding above a key macro level throughout the past few months. He believes that the recent consolidation above this level bodes well for its near-term outlook and could indicate that significantly further upside is imminent in the weeks and months ahead. Tips like this are why it’s advisable for investors and newbies to trade with the help of pro traders like Dr. joe Olsen. He is always one step ahead of other traders, he fully monitored all my trades to avoid me making mistakes and losing my money. My earnings have increased drastically from 1.01 BTC to 9.700 BTC in just 4 weeks using his strategy. You can easily get hold of him for a profitable system on TE LE GRAM (@ joehackbtc).

  12. <I must say. Bitcoin’s price action has been fluctuating throughout the past few days and weeks, with bulls and bears both reaching a clear impasse, the aggregated cryptocurrency market has been following in Btcoin’s lead and is struggling to garner any decisive momentum. One analyst is now noting that BTC has been holding above a key macro level throughout the past few months. He believes that the recent consolidation above this level bodes well for its near-term outlook and could indicate that significantly further upside is imminent in the weeks and months ahead. Tips like this are why it’s advisable for investors and newbies to trade with the help of pro traders like Dr. joe Olsen. He is always one step ahead of other traders, he fully monitored all my trades to avoid me making mistakes and losing my money. My earnings have increased drastically from 1.01 BTC to 9.700 BTC in just 4 weeks using his strategy. You can easily get hold of him for a profitable system on TE LE GRAM (@ joehackbtc)

  13. How to buy bitcoin without any intermediating platforms like paypal? I want a system where i could simply buy btc with my debit card and transfer it to a wallet. Anyone please tell how to do so

  14. T.h.a.n.k.s f.o.r w.a.t.c.h.i.n.g
    F..o.r m.o.r.e g.u.i.d.a.n.c.e
    +….-1….-6……6-…1-….4-..2-……4-…7-…2…..-1…5….
    W•A•T•S•A•P•##*+

  15. "Not your keys not your coin" is such an overused phrase…paypal has been honest about what this service was when it started: you can buy and sell. For beginners, what more do you need? You can buy, watch the price go up and then sell for easy money. Crazy how ppl like this guy get their panties in such a knot over this just because you cant move it to your own wallet…like these people actually think paypal, cashapp and robinhood are just gonna pull an exit scam like a 3rd rate darknet market lol…

  16. THANK YOY IS THE BEST PRATER THAT ANYONE COULD EVER SAY TO WEBMONSTERHACKS00 . I SAY THAT ONE A LOT THANK YOU EXPRESSES EXTREM GRATITUDE, HUMILITY, UNDERSTANDING ETC

  17. THANK YOU IS THE BEST PRATER THAT ANYONE COULD EVER SAY TO WEBMONSTERHACKS00 . I SAY THAT ONE A LOT THANK YOU EXPRESSES EXTREM GRATITUDE, HUMILITY, UNDERSTANDING ETC

  18. Cryptocurrency investments is not magic. you're not going to be a million richer overnight, but it's a good background to raise your finances at a steady growth. You need a proper understanding on it's step by a superb broker to trade for you, Ms Gabriella West can help you.

  19. <I must say. Bitcoin’s price action has been fluctuating throughout the past few days and weeks, with bulls and bears both reaching a clear impasse, the aggregated cryptocurrency market has been following in Btcoin’s lead and is struggling to garner any decisive momentum. One analyst is now noting that BTC has been holding above a key macro level throughout the past few months. He believes that the recent consolidation above this level bodes well for its near-term outlook and could indicate that significantly further upside is imminent in the weeks and months ahead. Tips like this are why it’s advisable for investors and newbies to trade with the help of pro traders like Dr. joe Olsen. He is always one step ahead of other traders, he fully monitored all my trades to avoid me making mistakes and losing my money. My earnings have increased drastically from 1.01 BTC to 9.700 BTC in just 4 weeks using his strategy. You can easily get hold of him for a profitable system on TE LE GRAM (@ joehackbtc

  20. I HAVE BEEN MAKING LOSSES TRADING MYSELF , I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

  21. I wish I watched this video, before I opened my paypal account! Their system sucks, I tried to get help with their paypal associate, but the waiting time is 3 hour. You have to type in your questions, after 3 hours they answered your question. If you have another question, then you need to wait at least another 3 hours, good luck to those who still use Paypal to trade bitcoin!

  22. Good day everyone👋 I'm new to Bitcoin and I don't understand how it really works. Can someone guide me on the right approach to investing and making good profit from Bitcoin trading?

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