PayPal's money into bitcoin

1. What is paypal?

2. bitcoin mining machine is a kind of computer specially used to earn bitcoin. This kind of computer generally has professional mining chips and works in the way of burning graphics card, which consumes a lot of power. It is one of the ways to get bitcoin that users download software from personal computer and then run specific algorithm to get corresponding bitcoin after communicating with remote server. The price of bitcoin mining machine ranges from two or three thousand yuan to 200000 yuan. From 2011 to 2013, the high configuration of bitcoin "mining machine" rose from 10000 yuan to 300000 yuan. According to instry insiders, the old machine can only dig 1 bitcoin in 100 days, but now (2013) machine can dig 3.5 bitcoins in 100 days.

3. There are two ways
1. Telegraphic transfer is relatively fast. It takes 3-5 working days for the money to arrive at the account and then transfer it to your bound CMB card. If it's a credit card, there's no way to directly withdraw the US dollar. You can only apply for a CMB all-in-one card again
2. The check and handling charge are cheap, but it takes about a month, And there is still a possibility of losing a check
so if you don't care about 35$, then take the

PayPal (the brand in Chinese mainland is PayPal), a wholly owned subsidiary of the United States eBay company. Established by Peter Thiel and Max Levchin in December 1998. San Jose is an Internet service provider headquartered in San Jose, California. It allows the transfer of funds between users who use e-mail to identify themselves, avoiding the traditional method of mailing checks or remittances. PayPal also cooperates with some e-commerce websites to become one of their payment methods; But PayPal charges a certain amount of handling fee when transferring money with this payment method.

4. You can convert some or all of your PayPal balance from one currency to another. The method is as follows:
log in to PayPal account
click the user information at the top of the page
click the currency balance under the "financial information" column
in the "currency exchange" column, enter the amount you want to exchange
select a new currency
Click calculate to preview the exchange
Click review exchange to view the exchange details
Click exchange currency to confirm the exchange
tip: PayPal accounts in Argentina, Brazil and Malaysia cannot use the currency exchange function

currency conversion fee, 2.5%. If the money received is not in US dollars, it needs to be converted to US dollars before withdrawing
-- one five two five three nine seven seven five

5. The best thing you need to bind is a debit card, because there is a service charge for the withdrawal of cash from the credit card, and you have to accept US dollars, so it is recommended that you apply for a al currency BOC International debit card. When the US dollars arrive at the card, you can withdraw the people's currency from the BOC outlets in China, but there is a loss of exchange rate conversion in the middle

6. In fact, there must be 35 withdrawal fee for PP now. It depends on your amount and whether you continue to use PP! If you continue to use it, you can choose to settle foreign exchange with the third party of Anliang. If you don't use it, you can spend it directly. It's not worthwhile to withdraw cash

7. PayPal's service charge for cash withdrawal is relatively high. If the amount is not too large, the normal cash withdrawal can't be closed every time. Some people provide this kind of exchange service for others. Although the exchange rate is relatively low, it is relatively more economical. I have a friend who can also help to exchange it

8. You can view PayPal's current exchange rate on the manage currency page. The method is as follows:
log in to your account
click the my PayPal tab
click the user information at the top of the page
click "financial information" and click "currency" in the "PayPal balance" column to enter the "manage currency" interface
enter the required information and click calculate to display the exchange rate of relevant currency conversion.

9. 1. PayPal's RMB cannot be directly converted into US dollars. Because the single currency RMB card, it certainly can not be shopping consumption, single currency card only supports RMB consumption. The owner of the building had better associate a double currency credit card, and the RMB in the credit card will be directly converted into US dollars to pay. Moreover, PayPal does not support recharge. When shopping, it will be dected from the account balance first. When the balance is insufficient, it will be dected directly from the landlord's al currency card< (1) PayPal's US dollars can be remitted back to China. It's like receiving US $25 each time. If there is CMB's al access card, we can directly transfer PayPal's US dollars back to China.
(2) because PayPal supports the withdrawal of Hong Kong's credit card, as long as it is remitted back to China, we can convert US dollars into RMB in the bank, If you open online banking, you can operate on the network
3 and PayPal (Chinese mainland brand is PayPal), is a wholly owned subsidiary of eBay company of the United States. Established by Peter Thiel and Max Levchin in December 1998. San Jose is an Internet service provider headquartered in San Jose, California. It allows the transfer of funds between users who use e-mail to identify themselves, avoiding the traditional method of mailing checks or remittances. PayPal also cooperates with some e-commerce websites to become one of their payment methods; But PayPal charges a certain amount of handling fee when transferring money with this payment method.