Why You Shouldn’t Use PayPal’s New Bitcoin Wallet – The Credit Shifu

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PayPal now let’s you use your PayPal wallet for bitcoin and a few other cryptocurrencies, in this video I tell you why that may be a bad idea for many people. Despite the downside, some more casual users may find it useful and the service will be rolled out on PayPal in the US in the coming weeks and on the Venmo app next year.

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48 comments

Mattew Parrott April 25, 2021 - 2:36 pm

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Mauro Rodriguez April 26, 2021 - 1:10 pm

Just thinking out loud here. If PayPal is holding your crypto and they get breached and crypto gets stolen, they cannot say "hey the 1000 bitcoins that were stolen were strictly your coins" therefore they wont hold any specific user of this feature liable. instead they would just take the loss and they would also have a much higher incentive of protecting the crypto asset. Would this not be a good thing? Am I making sense? I am looking at this from a perspective of spending and actually using bitcoin as currency not as just buying and holding.

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Pediatron April 28, 2021 - 2:00 am

held my money too! explanation for this incredulous. Will not invest more thru PayPal.

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Oscar Neto April 30, 2021 - 11:22 am

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Logan Smitt May 4, 2021 - 5:38 am

A great video indeed. It's never too late to realize what you want in your life and it's never wrong to fight for it. a good broker is required to handle trade unpredictabilities. I recommend to all intending investors my broker Mrs Tracy Brad. Her trader-friendly approach stand her out as the best …give her a try..

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Angela Jones May 4, 2021 - 7:59 am

Excellent video. But you see trading cryptocurrency requires more than just a primary knowledge of crypto. It is advisable to trade with an expert to avoid unnecessary losses. Trading with Mrs Josephine has been really productive. In fact i would say she is the best broker.

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Glenn Nile May 5, 2021 - 1:42 am

"You have $4,208.38 on hold" This is from my Crypto account on PayPal. Plus a $31.00 fee for selling $1,000 worth of Crypto. Now I cannot buy or sell that crypto that has the hold. That was 9 1/2 hours ago and I cannot get ahold of anyone at PayPal. Apparently they only have people there between 9am est and 9pm est.

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David o'Reilly May 5, 2021 - 3:37 pm

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David Drah May 6, 2021 - 12:49 pm

HI, do you know a platform where i can transfer my paypal cash and use it to buy crypto ? Thanks .

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darenzo182 May 9, 2021 - 2:13 am

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smith mark May 11, 2021 - 4:42 am

I got $45,000 from fexty hackers without been stressful……

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FireKicks May 11, 2021 - 4:11 pm

Vid was very helpful!

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Josh H May 12, 2021 - 1:21 am

I trust PayPal over robinhood and all crypto apps. They all suck. If you look at the reviews, it's horrendous

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Isabella May 12, 2021 - 2:21 am

Great content. It’s so surprising how people buy crypto and store. What then is then is the reason of buying without investing it and making profit?
Meanwhile making profit in crypto and forex at large requires you investing and as a beginner, you'll need an expert who would guide you while making investments because trading forex ain't really easy as some people might think. You might end up running losses without proper guidance and tutelage from an expert. Mrs Harriet Lopez has been my broker of all time, I’m forever grateful to her for helping me attain this life of financial freedom.

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Harry Toeface May 21, 2021 - 10:51 pm

I mean…this is the easiest way to get into crypto with little risk unless you're planning on making transactions for thousands…I think this is pretty great considering how many thieves there are out there this is pretty safe in comparison.

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Joe Hoe May 23, 2021 - 9:42 pm

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David Melo May 24, 2021 - 10:48 pm

Utrust is the alternative to paypal

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Claire John June 2, 2021 - 7:25 pm

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Jacob Van Veldhuizen June 10, 2021 - 9:05 am

"Not your keys not your coin" is such an overused phrase…paypal has been honest about what this service was when it started: you can buy and sell. For beginners, what more do you need? You can buy, watch the price go up and then sell for easy money. Crazy how ppl like this guy get their panties in such a knot over this just because you cant move it to your own wallet…like these people actually think paypal, cashapp and robinhood are just gonna pull an exit scam like a 3rd rate darknet market lol…

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Michael John June 11, 2021 - 3:09 pm

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Anthony Varrechia June 11, 2021 - 4:46 pm

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Anthony Varrechia June 11, 2021 - 4:46 pm

I HAVE BEEN DEPRESSED AND SEVERELY EMBARRASSED UNTIL I GOT TO KNOW ABOUT WEBMONSTERHACKS00. THEIR FLIPS HAVE BEEN GOING SMOOTHLY

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Anthony Varrechia June 11, 2021 - 4:46 pm

I HAVE BEEN DEPRESSED AND SEVERELY EMBARRASSED UNTIL I GOT TO KNOW ABOUT WEBMONSTERHACKS00. THEIR FLIPS HAVE BEEN GOING SMOOTHLY

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Sophie Dan June 13, 2021 - 10:19 am

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George Clara June 23, 2021 - 6:41 pm

I HAVE BEEN MAKING LOSSES TRADING MYSELF , I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

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Jingyi You June 24, 2021 - 2:36 am

I wish I watched this video, before I opened my paypal account! Their system sucks, I tried to get help with their paypal associate, but the waiting time is 3 hour. You have to type in your questions, after 3 hours they answered your question. If you have another question, then you need to wait at least another 3 hours, good luck to those who still use Paypal to trade bitcoin!

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Friend Despite June 25, 2021 - 2:22 am

Good day everyone👋 I'm new to Bitcoin and I don't understand how it really works. Can someone guide me on the right approach to investing and making good profit from Bitcoin trading?

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I recommend CHENTRADINGi On telegram June 29, 2021 - 8:39 pm

I find it funny that people are rushing to buy or sell crypto in general just on hearing Elon tweet, despite the recent challenge at 40k(USD) for market value. The truth is, Bitcoin is way bigger than anyone in the world currently, this is merely a start to the rise of btc and crypto in general this year. What i'm trying to say is, btc is bigger than Elon and would sooner than later see better figures irrespective of his purchase.This is the very reason I am focused on accumulating more btc by way of trading with high indicators and expert signals I use for personal trading from pro trade analyst chen I'll admit it, His guide has been the reason I've gotten 17 BTC in portfolio trading since march. he can be contacted on Tele-gram (@chentrading1) for crypto-inclined challenges issues.

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Joe Morton July 3, 2021 - 6:58 am

TankUV'llyMUCH! IMHO (I still have no idea what this crypto stuff is really about… It looks to me like a crypto-coin is just a really big number! imho)

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Robert collins September 9, 2021 - 4:01 pm

Please everyone NOT to listen to all the african wonga wonga scammers in the YouTube comments ! You got to be stupid to do buisness with them, they have many profiles and reply to themself to make scam seem legit! Like I made one million dollors in 24hr with mr wonga wonga ! PMSL ALL A SCAM

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Jamie Dahlin September 12, 2021 - 7:41 pm

Bullshit video. You can trade crypto for USDA on paypal for almost zero exchange rate. If you are simply investing for USDA. Paypal is a great starting tool.

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Jason Scott September 24, 2021 - 1:43 pm

Cheers good work

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Cedric Burton October 20, 2021 - 10:43 am

I had to cut this video short because he couldn't get to the point.

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Gao XiangShuai October 24, 2021 - 8:05 pm

the falun gong media empire is seriously expanding huh?

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John Smith November 13, 2021 - 8:21 pm

You can't send the Crypto tho

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TheRunner November 17, 2021 - 11:02 am

Really basic question, why does mine fall harder than the marketplace with PayPal? Ie a 2% marketplace drop in 24hrs mine has dropped over 3%?

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My World My Way Helen November 25, 2021 - 3:20 pm

They do charge you a fee I got charged for getting the money out of my bank getting the money into PayPal and getting my money onto crypto it seems like a cunt to me

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