After researching it , I think the while "buy Bitcoin on PayPal" is a scam at best , and could be something more sinister at worst. Basically , you cannot withdraw the crypto , which for me means that it isn't crypto at all. But after doing research , I found that you cannot EVEN PAY another person with it - you're simply buying a token that is linked to the Bitcoin price - what is the value of this ?
I believe that this could be an attack on Bitcoin - I discuss this in detail here :
https://youtu.be/bApVhoTemGwTo recap :
- You cannot withdraw your Bitcoin
- You cannot Pay anyone ( ironic ) , so it can't even go to another PayPal account
- You dont own the keys
That is too much to say mate,Yeah we are in doubt about the policies of PayPal towards crypto but calling as scam is foul.
First there are still no victim and second how come to be scamming when you can still use as purchasing material the bitcoin you transferred in paypal?so i believe that this is exaggerated.
But anyway this is good point also so these claims needs to be addressed and clarify for the benefits of crypto users and also paypal users.