• About
  • Advertise
  • Privacy & Policy
  • Contact
NMSTCOIN
  • Bitcoin Exchange
  • Crypto Exchange
  • List Of Bitcoin Exchanges
No Result
View All Result
  • Bitcoin Exchange
  • Crypto Exchange
  • List Of Bitcoin Exchanges
No Result
View All Result
NMSTCOIN
No Result
View All Result
Home List Of Bitcoin Exchanges

PayPal Brings Crypto to the Masses

nmstcoin by nmstcoin
December 15, 2020
in List Of Bitcoin Exchanges
0
PayPal Brings Crypto to the Masses
434
VIEWS
Share on FacebookShare on Twitter


Last month, PayPal announced that its users would be able to buy, sell, and hold four prominent cryptocurrencies – Bitcoin, Ethereum, Bitcoin Cash, and Litecoin – via Paypal.com. Through its website, users will be able to buy and manage their cryptocurrency in one place.

Globally cryptocurrency has quickly been growing in popularity as an alternative form of currency since its inception in 2009. Cryptocurrency, as the name implies, is a digital form of currency that is meant to take the place of, and function as, a real form of currency. Unlike traditional forms of currency, nothing physical exchanges hands, and its value is not backed by a bank in the same way most modern currencies are. Instead, users hold their “currency” in digital wallets and make all their transactions digitally, with the vast majority of cryptocurrency being backed by their communities.

The “currency” in cryptocurrency, usually referred to as tokens, is a unique string of numbers and letters that is tied to the specific cryptocurrency being used. While in a traditional transaction users would exchange money, cryptocurrency users exchange tokens. When users trade tokens, the transaction is sent to a continuously growing list of transactions called a blockchain. The transactions added to the blockchain are then verified by users through a process called mining. Users’ work for mining does not go unrewarded and the “miners” are rewarded in tokens for each successful transaction that they verify.

click to enlarge
Buying is as simple as a few button clicks.

  • Buying is as simple as a few button clicks.

Due to the various steps and knowledge needed to jump into the cryptocurrency world crypto had long been pursued by few. As the popularity of cryptocurrency began to grow in early 2018 websites began popping up advertising easy ways to buy and sell crypto but PayPal is one of the largest and most recognizable names to join the cryptocurrency wave.

I tested out PayPal’s new crypto service, throwing in $10 for the opportunity to play around with buying and selling. For someone that has never bought cryptocurrency, the entire process was quick and easy. Within minutes I was the proud owner of $10 worth of Bitcoin and Ethereum.


click to enlarge
The Crypto screen gives an accurate representation of the market trends for PayPal crypto partners.

  • The Crypto screen gives an accurate representation of the market trends for PayPal crypto partners.

After setting up my account, I was presented with a screen showing my present balance, as well as guides explaining the ins and outs of crypto. For someone less familiar with the technical aspects, the guides were helpful and gave me a better understanding of where my $10 had gone. They also assured me that the prices would rise and fall naturally depending on the current exchange rate of my specific currency.

The move to PayPal has made breaking into the cryptocurrency sphere a reality for the average person. It’s cool and an easy process, and PayPal recommends investing just a dollar to play around with it before making more rash decisions. Though it may not be the most feasible way to diversify your assets, PayPal’s expansion into the crypto market is a great way for the average person to jump into the world of cryptocurrency.



Source link

Previous Post

P2P Bitcoin Exchange Paxful to Enforce Mandatory ID Verification in Most Asian Countries, Partners with Digital Bank

Next Post

Ethereum On Bullish Momentum: 5.74% Up In The Last 6 Hours

nmstcoin

nmstcoin

Next Post
Ethereum On Bullish Momentum: 5.74% Up In The Last 6 Hours

Ethereum On Bullish Momentum: 5.74% Up In The Last 6 Hours

  • Trending
  • Comments
  • Latest
ShapeShift Review 2020 [UPDATED] Account Types, Pros & Cons

ShapeShift Review 2020 [UPDATED] Account Types, Pros & Cons

May 22, 2020
NSE Set to Host Sustainable Capital Markets Forum to Promote Green Finance in West Africa

NSE Set to Host Sustainable Capital Markets Forum to Promote Green Finance in West Africa

May 27, 2020
Binance.​US Launches OTC Trading Platform

Binance.​US Launches OTC Trading Platform

May 11, 2020
Dogecoin is all smiles as XRP, Binance Coin lose much-needed market momentum

Dogecoin is all smiles as XRP, Binance Coin lose much-needed market momentum

May 11, 2020
Bitcoin Dominance Is Making Investors Rich, Thanks to Crypto Hedge Funds

Bitcoin Dominance Is Making Investors Rich, Thanks to Crypto Hedge Funds

0
Buterin criticizes Bitcoin for centralisation and defends Ethereum | Fintech Zoom

Buterin criticizes Bitcoin for centralisation and defends Ethereum | Fintech Zoom

0
Is Bitcoin’s Lightning Community Able to Change Altcoin Use Instances? | Fintech Zoom

Is Bitcoin’s Lightning Community Able to Change Altcoin Use Instances? | Fintech Zoom

0
Bitcoin Briefly Topped $10,000; Bitcoin Exchange-Traded Product Now Live, Aye

Bitcoin Briefly Topped $10,000; Bitcoin Exchange-Traded Product Now Live, Aye

0
KYC-Chain to provide onboarding software for Hong Kong crypto exchange HKVAX » CryptoNinjas

KYC-Chain to provide onboarding software for Hong Kong crypto exchange HKVAX » CryptoNinjas

February 18, 2021
Watch NASA land the Perseverance rover on Mars live

Watch NASA land the Perseverance rover on Mars live

February 18, 2021
Cryptocurrency Ethereum hits record high, lifted by bitcoin, institutional demand

Cryptocurrency Ethereum hits record high, lifted by bitcoin, institutional demand

February 18, 2021
Nexo Introduces In-app Cryptocurrency Exchange Service

Nexo Introduces In-app Cryptocurrency Exchange Service

February 1, 2021

Recent News

KYC-Chain to provide onboarding software for Hong Kong crypto exchange HKVAX » CryptoNinjas

KYC-Chain to provide onboarding software for Hong Kong crypto exchange HKVAX » CryptoNinjas

February 18, 2021
Watch NASA land the Perseverance rover on Mars live

Watch NASA land the Perseverance rover on Mars live

February 18, 2021
Cryptocurrency Ethereum hits record high, lifted by bitcoin, institutional demand

Cryptocurrency Ethereum hits record high, lifted by bitcoin, institutional demand

February 18, 2021
Nexo Introduces In-app Cryptocurrency Exchange Service

Nexo Introduces In-app Cryptocurrency Exchange Service

February 1, 2021

Recent News

KYC-Chain to provide onboarding software for Hong Kong crypto exchange HKVAX » CryptoNinjas

KYC-Chain to provide onboarding software for Hong Kong crypto exchange HKVAX » CryptoNinjas

February 18, 2021
Watch NASA land the Perseverance rover on Mars live

Watch NASA land the Perseverance rover on Mars live

February 18, 2021

Browse by Category

  • Bitcoin Exchange
  • Crypto Exchange
  • List Of Bitcoin Exchanges

Follow Us

No Result
View All Result
  • About
  • Advertise
  • Privacy & Policy
  • Contact

No Result
View All Result

Terms and Conditions - Privacy Policy