Users can buy Crypto using their PayPal Cash or Cash Plus balance, or a PayPal-linked debit card or bank account. Can I use a credit card to buy Crypto on.
Table of contents
- Simple ways to buy Bitcoin with PayPal in Indonesia - | Finder Indonesia
- The importance of Bitcoin
- PayPal Brings Crypto to the Masses
Now you can discover crypto in the PayPal app. Discover at your own pace and learn about crypto with our articles for beginners. Enjoy the same protections you're used to with PayPal.
Simple ways to buy Bitcoin with PayPal in Indonesia - | Finder Indonesia
Terms apply. Be sure to do your research and buy and sell carefully. Discover Crypto Screenshots simulated, sequences shortened. Crypto is considered volatile because of how much and how quickly its value can change. Like all currencies, there's potential for gains and losses.
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The cryptocurrency section in the PayPal app. Bitcoin Cash is growing at a rate—as of the writing of this article—greater than bitcoin and Ethereum, making the once-troubled coin an attractive portfolio add. For those that bemoan the idea of using bank products to buy a bankless currency, there are few valid solutions. Besides direct trade, the best solution available is PayPal.
This article will examine how one could buy Bitcoin Cash with PayPal and the challenges in using this payment option.
The importance of Bitcoin
For those unfamiliar with the company, PayPal provides a fully digital payment platform for the buying and selling of services and goods that works with the traditional banking system but is separate and independent from it. In , it was one of the largest non-bank payment rails, with more than million active accounts. Despite recent relaxation on cryptocurrency buying, PayPal cannot be considered altcoin-friendly. This, in part, has to do with chargebacks, or the cancellation of a charge after the fact.
In the early years of bitcoin, several fraudsters opted to steal bitcoin using PayPal. They would place an exchange buy order for bitcoin using PayPal and would wait until the order went through and was confirmed.
PayPal Brings Crypto to the Masses
They would then—capitalizing on the irrevocability of bitcoin transactions—place a chargeback request into PayPal, asserting they never received the promised goods. PayPal had no way to confirm this, so they processed the chargeback, leaving the seller without his coins or the money for them.
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This placed PayPal in an uncomfortable position of possible legal liability, which the company resolved by simply banning the purchasing of cryptocurrency. Since then, the company has forged some alliances with the cryptocurrency community, including the ability to withdraw funds from Coinbase and deposit it to PayPal.
However, it is still not possible to directly buy coins on Coinbase using PayPal.