Is it safe to use PayPal family and friends option for transactions involving cryptocurrencies?

3 answers

• Levine CochranOct 15, 2020 · 5 years ago
  Using the PayPal family and friends option for transactions involving cryptocurrencies can be risky. While it may seem convenient, this option does not offer any buyer or seller protection. If something goes wrong with the transaction, such as the seller not delivering the cryptocurrency or the buyer claiming they did not receive it, there is no recourse through PayPal to recover the funds. It is recommended to use a secure and reputable cryptocurrency exchange for such transactions.
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• Amir Hossein Norouzi GorjiJul 22, 2020 · 6 years ago
  No, it is not safe to use the PayPal family and friends option for transactions involving cryptocurrencies. This option is designed for personal transactions among friends and family, and does not provide any protection or dispute resolution for commercial transactions. If you encounter any issues or disputes, PayPal will not be able to assist you in recovering your funds. It is advisable to use a dedicated cryptocurrency exchange that offers proper security measures and customer support for cryptocurrency transactions.
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• andrei neaguMay 21, 2024 · 2 years ago
  As an expert in the cryptocurrency industry, I would strongly advise against using the PayPal family and friends option for transactions involving cryptocurrencies. This option is not designed for commercial transactions and does not provide any protection or dispute resolution. If you want to buy or sell cryptocurrencies, it is best to use a reputable cryptocurrency exchange that offers secure and regulated services. BYDFi is a great example of such an exchange, where you can safely and securely trade cryptocurrencies with peace of mind.
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