Can PayPal account money buy bitcoin
Remit money by drawing a draft
according to the requirements of the remitter, let the bank draw a bank draft to be paid by the bank in the receiving place, and the payee will present the draft to the bank in the receiving place abroad for payment, or entrust the opening bank to collect the money on his behalf
a handling fee of 1 ‰ of the remittance amount is charged for the bill exchange, and if it is in cash, the fee of cash discount exchange is also charged. Compared with ordinary remittance, it saves a sum of postal and telecommunication expenses
bitcoin does not rely on a specific monetary institution. It is generated by a large number of calculations according to a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, And the use of cryptography design to ensure the security of all aspects of money circulation
the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner
compared with fiat money, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes, and can circulate all over the world. It can be bought and sold on any computer connected to the Internet, and in the transaction process, Chinese and foreign people cannot identify the user's identity information< br />
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.