Quote from: ololajulo on Today at 12:01:55 PM

Quote from: suzanne5223 on November 14, 2020, 10:26:15 PM

Quote from: Emily Perkins on November 13, 2020, 09:25:57 AM

Since PayPal just announced that crypto trading and payment services went live in the US, do you think PayPal may turn into a big competitor to existing cryptoexchages? They can also launch a crypto-currency trading desk as well, why not.

I also once believe Paypal will be a competitor to the existing centralized crypto exchange site but that change after I read some messages posted on Reddit about what Paypal is really offering which was said to be different from crypto activities because the whole process is done in fiat and users are also unable to withdraw their crypto. However, Paypal may be a competition to other centralized exchanges if they change all this process and operate just as crypto exchange does.

What happens if I can't gain the custody of my purchase?

Anything can happen mate, they can choose to freeze user fund cause they can raise any restrictions or rules and you have no choice than to dance to their tunes.

Quote from: ololajulo on Today at 12:01:55 PM

Any advantage to this and for how long will the wait to gain the custody of my bitcoin?

The only advantage I see now is that will help cryptocurrency gain more awar, hype and trust within the institutions. Nevertheless, no one know if the Paypal will change their mode of crypto operation but I think some of their services will change next year when their crypto services are spread outside the US.