{"id":13981,"date":"2025-02-19T17:47:36","date_gmt":"2025-02-19T17:47:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13981"},"modified":"2025-02-19T17:47:36","modified_gmt":"2025-02-19T17:47:36","slug":"why-paypal-is-the-worst-place-to-buy-crypto","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13981","title":{"rendered":"Why PayPal is the Worst Place to Buy Crypto"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400;\">PayPal is easily the worst place to buy crypto. <\/span><span style=\"font-weight: 400;\">And here at 99Bitcoins, we\u2019re here to guide you, inform you, and ensure you don\u2019t miss out on the <a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-staking-coins\/bitcoin\/\">greatest invention<\/a> since the internet. THE FOMO IS REAL!<\/span><\/p>\n<h2><b>Buying BTC Back in the Day<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Do you ever wonder how you got Bitcoin back in the early days?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bankrupt exchanges like Mt. Gox, Tradehill, and BitInstant were the first to offer Bitcoin purchases in 2011. But before that, you didn\u2019t get Bitcoin unless you mined, donated, or traded it (or were paid in it for delivering pizza). <\/span><span style=\"font-weight: 400;\">Some eSports even gave out Bitcoin to<a href=\"https:\/\/screenrant.com\/starcraft-bitcoin-prize-last-place-losers-million-dollars\/\" target=\"_blank\" rel=\"nofollow\"> 5th-8th place finishers<\/a> as a joke in those early days.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<figure id=\"attachment_207304\" aria-describedby=\"caption-attachment-207304\" style=\"width: 480px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-207304\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/unnamed-4.jpg\" alt=\"\" width=\"480\" height=\"300\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/unnamed-4.jpg 480w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/unnamed-4-300x188.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/unnamed-4-50x31.jpg 50w\" sizes=\"(max-width: 480px) 100vw, 480px\"><figcaption id=\"caption-attachment-207304\" class=\"wp-caption-text\">(<a href=\"https:\/\/screenrant.com\/starcraft-bitcoin-prize-last-place-losers-million-dollars\/\" target=\"_blank\" rel=\"nofollow\">Source<\/a>)<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Fast forward four years later, and we\u2019re at the next stage in the crypto-investing evolutionary cycle: Fintech, specifically, PayPal. However, to say PayPal missed the mark with crypto would be a gross understatement. Let\u2019s explain.<\/span><\/p>\n<h2><b>PayPal: A Disappointing Entry\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">When the American payment giant PayPal originally announced its plans to enable users to buy crypto in 2020, the blockchain community roared.<\/span><\/p>\n<p>Now that all the dust has settled, PayPal\u2019s approach to crypto adoption can be considered very underwhelming, if not outright disappointing, and dangerous to new investors for one simple reason: <b>PayPal doesn\u2019t allow you actually to own Bitcoin.<\/b><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Elon Musk and Peter Thiel unveil PayPal , 1990s. <a href=\"https:\/\/t.co\/2tdBgwIkko\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/2tdBgwIkko<\/a><\/p>\n<p>\u2014 Historic Footage (@historicfootage) <a href=\"https:\/\/twitter.com\/historicfootage\/status\/1891585102947262754?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 17, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">One of the crypto community\u2019s most important mottos is \u201cnot your keys, not your coins.\u201d We can\u2019t stress this statement enough! <\/span><span style=\"font-weight: 400;\">PayPal doesn\u2019t give you private crypto keys. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">So you can\u2019t even send your tokens to your <a href=\"https:\/\/99bitcoins.com\/news\/pr-news\/new-web3-wallet-hits-250k-users-is-the-best-presale-hottest-crypto-wallet-opportunity\/\">digital wallet<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In other words, you\u2019re investing in the value of cryptocurrency like you would through Robinhood, Venmo, Cashapp, or Webull. <\/span><span style=\"font-weight: 400;\">A crypto balance is displayed on your account, but you don\u2019t own any tokens. That\u2019s the whole point of crypto: to empower the people!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This begs the question: what can you do with the Bitcoin bought on PayPal? Well, you can look at your Bitcoin balance. You can exchange it for fiat money. You can use it to make \u201c<\/span><a href=\"https:\/\/www.paypal.com\/us\/smarthelp\/article\/how-to-use-crypto-at-checkout-faq4477\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400;\">select<\/span><\/a><span style=\"font-weight: 400;\">\u201d purchases online. <\/span><span style=\"font-weight: 400;\">That\u2019s about it.<\/span><\/p>\n<h2><b>Buy Bitcoin With PayPal: Just Don\u2019t Do It<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">All things considered, PayPal\u2019s announcement that it will \u201csupport crypto\u201d seems more like a marketing move.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While all of this might change in the future, for now, PayPal gets an <\/span><span style=\"font-weight: 400;\">F+<\/span><span style=\"font-weight: 400;\"> from us for its crypto rollout. All it does is provide the illusion of actually owning Bitcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201c<\/span><i><span style=\"font-weight: 400;\">It might make sense just to get some in case it catches on<\/span><\/i><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\">\u201d <\/span><span style=\"font-weight: 400;\">\u2014 <\/span><span style=\"font-weight: 400;\">Satoshi Nakamoto<\/span><\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/xrp-price-jumps-11-after-sec-crypto-unit-tease-xrp-etf-progress\/\" target=\"_blank\" rel=\"noopener\">XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/why-paypal-is-the-worst-place-to-buy-crypto\/\">Why PayPal is the Worst Place to Buy Crypto<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>PayPal is easily the worst place to buy crypto. And here at 99Bitcoins, we\u2019re here to guide you, inform you, and ensure you don\u2019t miss out on the greatest invention since the internet. THE FOMO IS REAL! Buying BTC Back in the Day Do you ever wonder how you got Bitcoin back in the early [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13981","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13981"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13981\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}