Quote from: VanDeinsberg12 on Today at 08:18:01 AM

Does paypal offers some kind of protection for hacking or such though? If the user can't even withdraw their bitcoin then they should get compensated by additional security features like for example reimbursement in case hacking accident occurs right? since to be frank there are so many cases out there about paypal hacking
But if people are willing to buy coin from like PayPal might aswell buy from coinbase or such since the process is more or less the same, that's what makes me confused. Paypal could like cancel their cryptocurrency service anytime in my opinion.

You get nothing like that, the idea is not to help you or anything, why would they be responsible for hacking that is not on their platform, if your bitcoin on their platform somehow gets hacked that means paypal itself is hacked and if they can recover they can recover if they can't they can't, it is not like they wouldn't want to, but if you get hacked somewhere else, why would they be even remotely be responsible for it?

However the point here is that if you have a shop, and you sell things, you can now offer bitcoin payment as well, and will have bitcoin on your account as well, that way you could get some more new customers. On top of that if you can offer people regular fiat purchase, get the money, and turn some of it into bitcoin to save aside as an investment, now you can do that simpler as well. I never used paypal and I will probably never use it, but I get why it is liked.