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<p>[QUOTE="Kurisu, post: 7519905, member: 117063"]Not sure what ebay has to do with anything... it's going to be quite a while before ebay accepts crypto as payments.</p><p><br /></p><p>On PayPal if you have crypto, you actually only have cash. Since you must cash it in to either deposit it to your bank account or use the cash to pay for a transaction.</p><p><br /></p><p>Another nice thing about 'holding' crypto on PayPal is that you can start with $1 if you like...but you don't get to learn about making a wallet or learn anything about blockchain transactions.</p><p><br /></p><p>When you buy directly from the blockchain using a wallet the gas fees (which you can set high or low in some cases) can be, just for example, somewhere between a few bucks to $30... But if you choose a $9 gas fee when buying or sending crypto your transaction might take 3 full days, but if you choose a $25 gas fee the transaction might take 5 minutes...it's neat thing about the blockchain that exists for each crypto, some are designed with lower gas fees built in.</p><p><br /></p><p><br /></p><p><br /></p><p>This sums it up perfectly from Jeff...when you own crypto using PayPal it's more like buying stock. You are investing in some of PayPal's crypto and not doing anything directly on the blockchain with your crypto.</p><p><br /></p><p>Once you generate a wallet (the string of passwords) and use binance, or coinbase, or metamask, you are then in fact dealing directly with your own crypto and transactions. There is a learning curve but the basics come pretty quickly.[/QUOTE]</p><p><br /></p>
[QUOTE="Kurisu, post: 7519905, member: 117063"]Not sure what ebay has to do with anything... it's going to be quite a while before ebay accepts crypto as payments. On PayPal if you have crypto, you actually only have cash. Since you must cash it in to either deposit it to your bank account or use the cash to pay for a transaction. Another nice thing about 'holding' crypto on PayPal is that you can start with $1 if you like...but you don't get to learn about making a wallet or learn anything about blockchain transactions. When you buy directly from the blockchain using a wallet the gas fees (which you can set high or low in some cases) can be, just for example, somewhere between a few bucks to $30... But if you choose a $9 gas fee when buying or sending crypto your transaction might take 3 full days, but if you choose a $25 gas fee the transaction might take 5 minutes...it's neat thing about the blockchain that exists for each crypto, some are designed with lower gas fees built in. This sums it up perfectly from Jeff...when you own crypto using PayPal it's more like buying stock. You are investing in some of PayPal's crypto and not doing anything directly on the blockchain with your crypto. Once you generate a wallet (the string of passwords) and use binance, or coinbase, or metamask, you are then in fact dealing directly with your own crypto and transactions. There is a learning curve but the basics come pretty quickly.[/QUOTE]
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