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It doesn't matter that PayPal or credit cars are hypothetically more convenient for you as a consumer. The reason you don't buy with PayPal/CC is that nobody wi
by goodside 13y ago
It doesn't matter that PayPal or credit cars are hypothetically more convenient for you as a consumer. The reason you don't buy with PayPal/CC is that nobody will sell to you.
PayPal has explicit policies against buying virtual currencies and they will cancel your payment if it's brought to their attention, screwing the seller out of their Bitcoin. Similarly, credit card transactions will be reversed if later found to be fraudulent, and there's no way for the seller to be completely sure your card isn't stolen. So the status quo is that nobody sell Bitcoin for credit, and if anyone were to start they would be a lightning rod for CC thieves, since Bitcoin is by far the best thing to buy with stolen credit if you have the option.
- aestra 13y agoThe parent wasn't asking why they can't buy bitcoins without paypal/CC, they were asking why they would use bitcoins to buy something instead of paypal/CC.