Paypal Suspends Paypal User for Using Crypto on Paypal
Paypal makes you feel very alone when you buy crypto there.

Paypal Suspends Paypal User for Using Crypto on Paypal

By AlucardLife | cryptoinvesting | 27 Nov 2020


I've written about it over and over, and I'll do it more. Because the world needs to know that Paypal is the WORST place to do crypto. It's the worst place to do business in general, but it's REALLY the WORST WORST place to do crypto. There are so many alternatives (some of which are just as bad). But the major point is that Paypal and crypto are fundamentally opposed to each other. Crypto was created to eliminate middlemen from financial transactions. When you do crypto on Paypal, you are putting that middleman back in the middle for no reason.

And we see what happens when you do that.

The poor user reported that Paypal suspended his funds just because he wanted to do what Paypal CEO San Schulman got his funny lookin' self on TV and advertised you could do on Paypal, namely, buy crypto. Of course Schulman lied.

If you interpret this as a misunderstanding, one that only happened because Paypal started a new service and is just fixing the bugs, then you don't know Paypal. This is par for the course for them. Their automated systems silo and block accounts all the time. If you can't get by all those stupid automated tests they make you take, customer service's only job is to explain that the automated system rules all and they can't do shit about nuthin.

(Protip: If you want anything done with Paypal, you have to go to the BBB. File a complaint there. Eventually, someone from the executive suite will contact you and override the system. I had to do this. It took a month.)

What's more, buying crypto on Paypal does not provide you the convenience you think it does. Any crypto you buy there is siloed. It is not yours. You can never move it off of the platform, and you can only spend it on Paypal merchants. That's not your crypto. That's Schulman's crypto. Educate yourself on the difference and why it matters.

If you're a new crypto user, then you just need to take the time to learn about non-custodial digital wallets. That's it. No shortcuts. I don't know why these stupid shills like Elliotrades are so eager to onboard people without a proper education. Oh yeah. Because #numbergoup.

Spread the word. Don't be apathetic about this. Your apathy directly influences the world around you, and it's the reason everything is in the shitter right now. It's your goddamn fault. Do something about it.


AlucardLife
AlucardLife

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