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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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Track: Halcyon & Valentina Franco – Runaway (Heuse Remix) [NCS Release]
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Watch: youtu.be/5bj44xI2oWw
Free Download / Stream: ncs.io/RunawayHeuseRemix
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26 comments

  1. SHUT UP!!!!!!!!!!!! and just TELL why we should not use this f***ng bitcoin wallet!!!!!!!!!!!!!
    blabla bla bla – !!!!!!

    Reply
  2. so basically i can buy and sell crypto like a stock? like if i buy some and it goes up, id sell it for usd and then be able to transfer to my paypal right? or bank?

    Reply
  3. I recovered my Luno wallet back, I forgot the login details and I had a problem accessing my Bitcoin. I got introduced AlexisHandlerTech firm. you pay just $299 and they get 10% after recovery. I prefer this!

    I'm not sure I trust PayPal though

    Reply
  4. Paypal Bitcoin is useful for newbies to crypto because newbies to crypto will get hacked, lose their wallet or sell their Bitcoins at a bad price. Experienced crypto users use websites like Coinbase.

    Reply
  5. What about if you have a hardware wallet? Can't you just move the money over?

    Reply
  6. Never use PayPal. Do not perpetuate that horrid entity. They take money out of your account as they wish to compensate sellers, they keep money on hold for weeks etc.

    Reply
  7. What is the safest platform to transfer millions of dollars in bitcoin to ? don't want a to hard to use platform or a high fee platform, for obvious reasons.

    Reply
  8. this is legit, I just got a transfer of $30,000 from kloviactools,net daily tools

    Reply
  9. I have no option to buy crypto. I've been a PP user since 1999. I've been researching this for an hour and have yet to find an article that explains how. The paypal help section is "currently unavailable". 🤦🏻‍♀️

    Reply
  10. ok every saying not use paypal then wtf do i use !!!!!!!!

    Reply
  11. None of this seems to make any sense anyway because you can't even create any type of wallet or account or purchase any type of altcoins without giving up all of your personal information. So where is the level of being discreet now? You can't do it on binance, you can't do it on coinbase, so there's NO discretion anywhere anymore!

    Reply
  12. I watched this for 1 minute and your music is so completely annoying! Clicked away, good luck!

    Reply
  13. So it's like an ETF for bitcoin. But isn't Paypal's ~2% fee pretty good if you only want to invest a couple hundred dollars in BTC? Eltoro has $25 withdrawal fee! I don't have enough money to invest to make that worth the cost of getting the money back…

    Reply
  14. The reason PayPal does not allow the sending of Bitcoin is because PayPal doe not actually buy any Bitcoin or other digital assets it's simply an accounting system (scam). PayPal Bitcoin is a fraud.

    Reply
  15. great vid!! Thx for the info

    Reply
  16. I shd v watched this video bf buying any crypto on paypal.
    Dont use PayPal, fuckers put my money on hold. I mean ft a f#ck i just bought some crypto coins reslod them nd now they keeping my money, when i need them right now.
    Paypall sucks!!!

    Reply
  17. *2 months post the Release of mass market crypto

    I just started trading last night during the pump with Ether and Im sorry to tell people, but as a new trader the prophecy is this: The days of " non virtual keys", OVERTLY complex websites, and physical coins are over. Paypal just made me $60 on my first trade and Easy. Yes there will be things about it but we are talking about a new market but I say tap in because the deals have been made and the price is going up. These copanies got the top 4+ coins while fortune 500s have now began using it as profitable currency. Welcome to 2021 everyone. You get a piece.

    Reply
  18. Hi. I am in UK and would like to buy a Bitcoin for long term investment. Can you suggest a safe broker to buy from please. Thank you.

    Reply
  19. Even with hardware wallet, its NOT secure. Oneday yall wake up to ZERO balance

    Reply
  20. With the $3200 HOLD they have on MY money… I will NEVER use PayPal again

    Reply
  21. Pornhub deleted all non varified users video

    Reply
  22. Let me understand this whole bitcoin you get charged to buy you get charged to move it to storage you get charged to cash out you get charged to purchase or pay for something is that correct

    Reply
  23. I learned the hard way Paypal has never changed ( I did get over thought they did give me $10 credit to spend on buying and using Paypal so after buying $50 bitcoin I bought another ROKU and got $10 off of it so i'll just leave that their

    Reply
  24. Never, really never use the PayPal crypto service. Paypal will ban your account. Here is the proof:
    https://amp.reddit.com/r/CryptoCurrency/comments/k0rmtw/paypal_permanently_banned_my_account_due_to/

    Reply
  25. I have a question can I transfer bitcoin to my bank account on paypal

    Reply
  26. Too late, everything is too late for me
    I just paid $5 for some bitcoins and litecoins on PayPal.

    Reply

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