How does PayPal buy bitcoin
it was originally a kind of network virtual currency, similar to Tencent's q-coin, but it can already buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan.
At present, there are two ways to buy bitcoin. One is to buy stable currency usdt first, and then buy bitcoin through stable currency; The other is to buy bitcoin directly through the exchange of legal currency and RMB
there are two ways to buy bitcoin, one is floor trading, the other is OTC trading; Floor trading refers to trading through formal trading platforms, such as coin an trading website, which needs to charge a certain handling fee and has no trading risk. OTC trading, which can be understood as private trading, skips the third-party guarantee, but the risk is high
extended data:
there are two ways to obtain bitcoin, one is through purchase, the other is through mining. Here is mainly about mining to obtain bitcoin. As we all know, bitcoin is generated through Internet algorithm, so mining bitcoin must also be obtained through software calculation. From the discovery of bitcoin to the present, mining bitcoin has undergone four evolutions, from personal computer mining at the beginning, to professional mining machines, to mining factories, and now in the bitcoin mine pool
every mining upgrade is an improvement of computing power, which also indicates the difficulty of obtaining bitcoin. Therefore, if you want to obtain bitcoin personally, the best way is to purchase it through the bitcoin website
it was originally a kind of network virtual currency, similar to Tencent's q-coin, but it can already buy real-life goods.
PayPal is an online payment service provider headquartered in San Jose, California, USA. to buy foreign things with PayPal, you need to have a PayPal account and pay by email
ways to buy foreign things with PayPal:
1. As long as there is an e-mail address, the payer can log in and open a PayPal account, become its user through verification, provide credit card or relevant bank information, increase the account amount, and transfer a certain amount of money from the account (such as credit card) registered at the time of opening the account to the PayPal account
2. When the payer starts the payment process to the third party, he must first enter the PayPal account, specify the specific remittance amount, and provide the PayPal's e-mail account number
Then PayPal sends e-mail to the merchant or payee to inform them of the payment waiting to be collected or transferred4. If the merchant or payee is also a PayPal user, the payment specified by the payer will be transferred to the PayPal after the merchant or payee decides to accept it
5. If the merchant or payee does not have a PayPal account, the payee has to register on the website according to the content of the PayPal e-mail. The payee can choose to convert the money into a check and send it to the designated place, transfer it to his personal credit card account or transfer it to another bank account
extended data:
restrictions on the use of PayPal:
1. 21 day limit for new account. Restrictions on new accounts are frequent. This is PayPal's review of new accounts. No information needs to be submitted. Paypal will automatically remove the limit after the audit. If the account is newly registered, don't panic. Just wait patiently
2. Temporary review restriction. This type of restriction is suddenly restricted on a certain day after multiple collections. In this case, you need to know your business model and proct information. You need to provide corresponding information to let PayPal know your company's procts. The common data include credit card certificate, address certificate, supplier information Invoice, etc
source of reference materials: Network PayPal
