Post
Topic
Board Trading Discussion
Re: Is bitcoin better or paypal?
by
arwin100
on 12/10/2016, 10:43:26 UTC
100% bitcoin is much better than paypal,

In paypal you have to disclose all you identitys and you have to give your identity proofs , in paypal transaction reverse is very famous to scam. and i personally saw paypal and the procedure of it is very bad. and their charges also heavy.

In bitcoin you dont have to disclose your identitys , you can just create a hardware or online web wallet and give your wallet address where ever you want to receive or pay the bitcoins. the transaction charges are also less. and more it is irreversible, and about converting to fiat currency their are so many exchanges where you can convert it one is like localbitcoins.com which is having so many user who are ready to buy or sell and do transaction through bank transfer.

But you have more protection using Paypal. You can reverse a payment if you are scammed by somebody else.
I dnt think you can say than bitcoins are better or paypal is better you can use them both becuase they can both been used for other things so i would use bitcoins as investment and paying online with the paypal.


That's his thoughs regarding for those two processors since not all people using paypal aswell as not all people using bitcoin and it matters that bitcoin doesn't accepted by those big stores for now and that is the big + for paypal since i think it has a lot of user since they can use it for shopping online, so thats why i think really that it is not good for comparing those two since they are both great processor, but the big - for paypal for me is huge transaction fee.