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hexwin

Crypto vs PayPal

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I'm a PayPal and Bitcoin user. The payment commissions in Paypal are very high, the commissions of Bitcoin are lower. With PayPal you can buy in many online stores, but there are very few that accept Bitcoin. If I need local currency, I can sell some Paypal immediately, but it is difficult for me to exchange Bitcoin for local currency, since there is still ignorance and fear of cryptocurrency.

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I like Bitcoin better, paypal has very high fees and when a certain amount passes, they ask you for another type of verification, more cumbersome, which brought us problems for many!

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31 minutes ago, matias estigarribia said:

I like Bitcoin better, paypal has very high fees and when a certain amount passes, they ask you for another type of verification, more cumbersome, which brought us problems for many!

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For security reasons, Paypal is better to do operations than with Bitcoins, but in terms of commissions, those of Paypal are very high while in Bitcoins they are much lower
 

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I think you wante to clarify the difference between crypto technology and PayPal system paypal it has high fees and transformation problems not like crypto 

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I use together, from some operation u need pp some of btc, just dont judge guys they usefull for us we need it or no.

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paypal is for us . and may some country sanction to use it .but crypto free use for all people on the world . btc much better and secure i think

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An advantage of cryptocurrencies over Paypal is the diversity of currencies and the low withdrawal fees compared to Paypal. In addition to the fact that bitcoin and cryptocurrencies are in development and now the good thing is coming as they would say in my country.

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I think it depends on your location, for some it is better to Paypal for their time already in the market, Bitcoin in many cases is better, has fewer commissions is more direct, but it does not have something that if it has Paypal that they accept it in more commerce and in more countries.

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I think cryptocurrency and paypal shouldn't be compared to each other because they are really different. It's just paypal is not even a currency and it is just use to transfer money unlike crypto, it's money and it can give us profit. I still haven't use paypal because I don't really need it in our country.

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On 10/4/2020 at 8:52 PM, Flying11Horse said:

I think @hexwin Pay pal is more secure that Bitcoin.This is the only advantage that Paypal have over Bitcoin.The disadvantage of Paypal is that it charges a lot of fees ,but Bitcoin do not charge that much fees.I think If bitcoin is made much safer It will leave behind Paypal. Paypal can be useful in storing money for doing investment.Like if you want to buy a coin you transfer your money from Paypal to the exchange because Exchanges are not safe to keep your money.

You are right @Flying11Horse Paypal charges a lot of commissions and the transaction fees of crypto are way lower than that of Paypal. They should really consider lowering their commission fees. There are many other reasons for why crypto is better. Some of them are:

  1. Community support 
  2. More options and optional
  3. Truly global
  4. Less friction
  5. Decentralized
  6. Versatile 
  7. Privacy
  8. No chargebacks
  9. Freedom

Hope my post helps😃


BitCNY giving away 1500$ worth of tokens

Website: https://bitcny.app/

Bot Link: https://t.me/BitCnyBot?start=r03654319640

Ends/Withdrawal: 15 January

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i think your question is a bit wrong because both are different but anyway both are important to use even if paypal taking higher fees,

you can use crypto now  as a work if you don't have a one or even considering it as extra income and the profits you make , you can't use it to buy anything online directly while in paypal you can see it is used worldwide to buy online so withdrawing your profits from crypto to your paypal account will be the way to buy wat you want and that is why both are important 

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PayPal is a centralized system and therefore has a body of members who decide how much users pay on every transaction. This fees sometimes are very high when being compared to digital currecies. You'll be forces to pay up to 5-7% of what you are transfering. Cryptocurrencies, on the other hand, are decentralized means of making financial transactions.

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On 10/28/2019 at 2:56 AM, cnguchi said:

I used to use Paypal and saw that it had some problems I encountered, sometimes receiving money from strange accounts might cause the account to be limited to transferring money but bitcoin was not. When dealing with fraud, if there is evidence, you can request a paypal refund from the fraudulent account but bitcoin is not

That happens constantly, PayPal secure its users in an exaggerated way.  But these limitations make users to find alternatives.

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55 minutes ago, Dark Shadow said:

You are right @Flying11Horse Paypal charges a lot of commissions and the transaction fees of crypto are way lower than that of Paypal. They should really consider lowering their commission fees. There are many other reasons for why crypto is better. Some of them are:

  1. Community support 
  2. More options and optional
  3. Truly global
  4. Less friction
  5. Decentralized
  6. Versatile 
  7. Privacy
  8. No chargebacks
  9. Freedom

Hope my post helps😃

You are right @Dark Shadow.You have given nice points regarding crypto. But I couldn't understand the fourth point which says Less Friction.Can you please explain this to me.I don't want to miss any term of crypto because i truly love crypto. But your point 8 is wrong.There is some charges for transactions in crypto and are greater then fiat currencies.You should rethink the 8th point.


                                   

 

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38 minutes ago, Flying11Horse said:

You are right @Dark Shadow.You have given nice points regarding crypto. But I couldn't understand the fourth point which says Less Friction.Can you please explain this to me.I don't want to miss any term of crypto because i truly love crypto. But your point 8 is wrong.There is some charges for transactions in crypto and are greater then fiat currencies.You should rethink the 8th point.

Of course my friend I will be happy to answer any questions you have regarding my post.

  • LESS FRICTION:

For some cryptocurrencies the transaction fees are same for varying amounts. e.g In the past bitcoin had very little friction, it did not matter whether you send 1 cent 1 cent or a billion's worth. The transaction fee was the same (approx. 0.005$).

  • NO CHARGEBACK:

When a cryptocurrency transfer is sent it can not be reversed or charged back. These chargebacks create problems for merchants as some customers can sometimes take advantage of this policy to get the product and the money back. With crypto the transaction is final.

 

I hope my answer helps😃


BitCNY giving away 1500$ worth of tokens

Website: https://bitcny.app/

Bot Link: https://t.me/BitCnyBot?start=r03654319640

Ends/Withdrawal: 15 January

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10 minutes ago, Dark Shadow said:

I hope my answer helps😃

Yes it really did helped me.I didn't knew about Less friction or more friction but with the help of your post I understand that term.I think that There should be Charge back in crypto because sometimes we do mistakes.If we somehow transacted 1 BTC  there should be a way of charge back.By the way thanks for the information .


                                   

 

                                           🥰 DO GOOD AND HAVE GOOD🥰

                                                                                             NEVER DEMOLARIZE A JUNIOR MEMBER  

                                                                                                                           😎

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Crypto is the best than paypal becasue in the crypto market they not ask about the conformation and also they not ban the account. In paypal they ban the accounts and also they make so many problems at the transaction time.

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PayPal is an Internet payment method.
An alternative to send money between users to the traditional systems offered by our bank, such as a bank transfer.

 

Bitcoin is a virtual currency with a fully autonomous integrated payment system.
In other words: It has the benefits of money, gold and PayPal at the same time, without the need for an organization to control it and take a slice.

 

In fact paypal is very limited, it is also in the process of incorporating some cryptos to its platform.

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The problem with PayPal is that the rates are very high and the problem of reversing the transaction due to the claim of one party that can cause the other person to be scammed does not make it so safe. Bitcoin, on the other hand, their transactions are irreversible and it is not necessary to verify their identity as it happens on paypal.

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I am still waiting for the handling of crypto to be made official in paypal, in addition to providing the opportunity to do business in crypto and be able to charge in paypal. Thank you very much for the comment and contribution, success and much profit !!! Good luck

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Crypto cannot be compared crypto  with Paypal, because that is a bank and a broker in order to protect your financial transactions. As for crypto in cryptocurrencies in a wallet for direct use

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Paypal just announced they open trade of some cryptocurrencies. Between them is Bitcoin and Litecoin. This will be important for the price of both but the problem is that paypal will not allow transfers of these coins out of paypal.

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Cryptocurrencies are not a locked system like paypal. They added Bitcoin now and not allow to move them, this is not good for Bitcoin and I don't know why people are so happy with all of these. Grayscale, Paypal, the banks are all trying to tame decentralization.

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In his traditional speech on Friday, 31 May, Japan's Minister of Finance, Shunichi Suzuki, reiterated that exchange rates should reflect fundamental indicators and that he would respond appropriately to excessive movements.   On Friday, 31 May, a block of important macroeconomic statistics on the state of the Japanese economy was released. The Consumer Price Index (CPI) in Tokyo showed that inflation rose to 2.2% y/y in May. In April, this figure was at 1.8%, matching a 26-month low. Core inflation in Tokyo also rose to 1.9% from 1.6% y/y, and the CPI excluding volatile food and energy prices increased from 1.8% to 2.2% y/y. (It should be noted that inflation in Tokyo is usually higher than the nationwide figures, which are published three weeks later. Therefore, the Tokyo CPI is a preliminary but not final indicator of inflation dynamics at the national level.)   The current rise in inflation could increase confidence in future BoJ monetary policy tightening. However, the fear of low inflation and a sharp yen appreciation deters the BoJ from raising the interest rate and narrowing the gap with other major global currencies' rates. A strong yen would harm national exporters. The decline in industrial production, which fell by -0.1% in April both month-on-month and year-on-year, does not encourage borrowing costs to rise.   The last note of the week for USD/JPY was struck at 157.25. United Overseas Bank (UOB) analysts believe that in the next 1-3 weeks, "the dollar has the potential for growth, but given the weak upward momentum, any advancement is likely to be slow. The 157.50 level might be difficult to overcome, and resistance at 158.00 is unlikely to be reached in the near future."   Speaking of the average forecast of experts, only 20% indicate a southward direction, while the remaining 80% adopt a neutral position and look east. Technical analysis tools show no such doubts or disagreements. Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. On 23 May, the US Securities and Exchange Commission (SEC) approved 19b-4 applications from eight issuers of spot exchange-traded funds based on Ethereum. (According to JP Morgan experts, this was dictated not by a desire to support digital assets but by a political decision aimed at supporting Joe Biden ahead of the US presidential elections.) Whatever the true reason for this regulatory move, everyone is now interested in where Ethereum prices will go. The newborn ETH-ETFs can only start trading after the SEC approves the S-1 applications. According to Bloomberg analyst James Seyffart, this could take "weeks or months," although it is very likely to happen in mid-June. According to DeFiance Capital CEO Arthur Cheong, Ethereum's price could rise to $4,500 even before trading begins. CCData analysts believe that within 100 days of the launch of ETH-ETFs, the price could reach $5,000 per coin. This forecast is based on linear regression and the price statistics of bitcoin after the launch of spot BTC-ETFs. CCData's analysis assumes that inflows into similar Ethereum funds will be at least 50% of inflows into Bitcoin-ETFs, which means about $3.9 billion over a 100-day period.   Popular analyst Lark Davis has forecasted future growth for bitcoin to $150,000 and Ethereum to $15,000, explaining such a sharp price increase by the emerging market dynamics. The main reason for growth, Davis also cites spot BTC-ETFs, to which ETH-ETFs will now join. This will further fuel the cryptocurrency market's enthusiasm. Currently, spot BTC-ETFs hold 1,002,343 coins (≈ $68 billion), which is about 5% of the circulating supply of the flagship asset. Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
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