Hm. Apparently I can "buy" "bitcoin" in Paypal. However I have to set up a "cash account" and they want my SSN/TIN and DOB.
I don't think I ever gave them that before. Need to think about this for awhile.
What a rip off. 0.5% spread plus a percentage when buying and again when selling. Greedy corporate slugs.
https://www.paypal.com/en/webapps/mpp/paypal-feesThe transaction fees are based on how much cryptocurrency (“crypto”) you buy or sell. The exchange rate you’ll see before buying or selling crypto will also include a cryptocurrency conversion spread. There’s no fee for holding crypto in your account.
Purchase or sale amount Fee
1.00 – 24.99 USD 0.50 USD
25.00 – 100.00 USD 2.30% of purchase or sale amount
100.01 – 200.00 USD 2.00% of purchase or sale amount
200.01 – 1000.00 USD 1.80% of purchase or sale amount
1000.01 USD+ 1.50% of purchase or sale amount
Much better than the average bitcoin ATM. Still, the fact that I can't transfer it into my real wallet means it's not really bitcoin. Kind of like E-Gold where they said that every ounce was backed by real gold. Kinda.