Your favorite crypto news blog

Some People Still Try to Buy Bitcoin With PayPal in 2019

Bitcoin 2019/11/20 18:00 by JP Buntinx
TheMerkle PayPal CRA

There are many different platforms and companies looking to bring Bitcoin to the masses. Not all of these platforms should be trusted, primarily where some unusual payment methods are involved. 

The AlphaChanger platform is currently receiving a lot of flack, even though users should know better than to blindly trust this type of service.

Avoid Using PayPal for Cryptocurrencies

On the surface, there is nothing wrong with what the company is trying to provide.

They too – seemingly – aim to make cryptocurrencies more accessible to the masses.

To do so, the company claims to accept deposits through PayPal, a company notorious for not supporting cryptocurrencies in any official capacity. 

Unfortunately, some users still tend to believe it is possible to buy and sell Bitcoin through PayPal in 2019.

Several complaints regarding this service can be found all over the internet.

AlphaChanger has a history allegedly not fulfilling customer orders, and not providing refunds either. 

Such complaints always need to be taken with a grain of salt, however.

Cryptocurrency users need to be aware of why PayPal won’t offer them a refund either in case something goes wrong.

The company does not offer a buyer protection service for purchases made that qualify as digital goods, particularly virtual currencies. 

It is always best to stay away from platforms claiming to let users pay with PayPal for Bitcoin or altcoins.

For those unaware, it is also forbidden to buy and sell cryptocurrencies to PayPal in general.

Engaging in this type of activity can get one’s account limited or even terminated permanently. 

Image(s): Shutterstock.com

The post Some People Still Try to Buy Bitcoin With PayPal in 2019 appeared first on The Merkle Hash.

0 Like(s)

You should also read...

Altcoins 18/11/19 22:41 by Livine Sanchez
The Universal Protocol Alliance Lists Its Token on Bitcoin.com’s Exchange In Its Quest for Blockchain Interoperability
One of the central use cases of blockchain technology is in facilitating multi-party transactions. So, it seems almost ironic that interoperability is turning into one of the biggest challenges hamper...
Read More
Crypto 27/11/19 19:14 by Guest Author
Skrill Doubles Down on Crypto? Offers New Crypto-to-Crypto Conversion Feature
Online payment services firm Skrill has announced the expansion of its cryptocurrency offering. With its crypto-to-crypto buy and sell service, Skrill users will now be able to use Bitcoin to buy othe...
Read More
Crypto 28/11/19 05:46 by Guest Author
WestWallet — A Revolutionary Multicurrency Crypto Wallet for Storing and Transferring the Most Popular Cryptocurrencies
With over 2,000 cryptocurrencies in the market today, there is a need to use the best multi-currency crypto wallet to store these assets. One of such is WestWallet, a platform that supports most of t...
Read More
Crypto 02/12/19 17:53 by Michael Grub
The Difference Between Transacting with PayPal and Cryptocurrencies
Every year, there are billions of transactions that are made online. The rise of e-commerce is just really pushing for more transactions to be made online. Because of this, many businesses are figuri...
Read More
Crypto 04/12/19 00:00 by Tony Spilotro
How a Japanese Conglomerate Is Introducing Crypto To 22 Million Users Overnight
Last night, Japanese conglomerate SoftBank Group announced a new crypto wallet card, that looks just like your traditional credit or debit card, but has some unique crypto-specific features in tow. Wh...
Read More