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Home :: Money

15 Mar 2018

Paypals vs. Bitcoins Money

I have learned about a dandy new cryptocurrency called Paypals. How does it stack up against Bitcoin and other currencies?

BitcoinsPaypals

Can pay anyone with a Bitcoin wallet, with a mining fee

Can pay anyone with a Paypal account, no fee

Over 10 million wallets

Over 100 million accounts, plus a billion credit/debit card users can pay you (with a fee.)

Don't need a bank account to pay other users.

Don't need a bank account to pay other users.

Do need a bank account if you want to turn them into regular money.

Do need a bank account if you want to turn them into regular money.

Price is, uh, whatever it is.

Pegged 1:1 to US dollar

Exchanges have collapsed, taking clients' money with them.

Doesn't lose people's money.

Some exchanges licensed and audited, some not

Publishes audited financial reports, regulated by SEC and other agencies

Tether is 1:1 to US dollar but nobody believes it.

Paypal is 1:1 to US dollar and everyone believes it.

Can exchange to other cryptocurrencies for some fee

Can exchange to other Paypals (C$, £, €, etc.) for 3% fee

If you lose your password, your bitcoins are gone.

If you lose your password, you can call their account recovery department.

Widely accepted for illegal stuff.

Widely accepted for legal stuff.


posted at: 14:00 :: permanent link to this entry :: 1 comments
Stable link is https://jl.ly/Money/bitpal.html

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