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<p>[QUOTE=&quot;-jeffB, post: 5181530, member: 27832&quot;]This latest traffic prompted me to go look at PayPal&#039;s new crypto support.</p><p><br /></p><p>Apparently you can buy and sell Bitcoin, Ethereum, and Litecoin. They also support Bitcoin Cash, but you need a PayPal Cash account to support that.</p><p><br /></p><p>Until the end of December 2020, they&#039;re waiving transaction fees. Starting in 2021, the fees are 50 cents for transactions less than $25, then a sliding rate scale; the minimum fee, for transactions over $1000, will be 1.5%. I don&#039;t know how this compares to existing crypto marketplaces.</p><p><br /></p><p>I see at least two big caveats:</p><p><br /></p><p>1) PayPal will also make money on the <i>spread</i>, that is, the amount they&#039;ll pay for your BTC will always be a bit less than the amount they charge for BTC at any given moment. They explicitly state that they <i>will not</i> disclose the size of this spread, but it should be easy enough to guess at it on the basis of a few transactions.</p><p><br /></p><p>2) You can&#039;t transfer crypto into or out of PayPal, except by converting it to dollars (or whatever other conventional currency you use).</p><p><br /></p><p>Based on this, I <i>might</i> buy some between now and the end of the month as a speculation. It looks like the friction is low enough at this point to make it an interesting gamble. But I&#039;m not much of a gambler, so it may not happen.[/QUOTE]</p><p><br /></p>

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