Bitcoin, Ethereum and other cryptocurrencies have been buzzing in the banking market for several months.
The crypto effect on trading platforms
Etoro, Binance and even Coinbase have taken advantage of the crypto market, which continues to attract users around the world.
If Bitcoin (BTC) was the precursor of these digital currencies independent of banks and the euro, it quickly faced competition from other cryptocurrencies: Ethereum, Cardano, Eos, Dogecoin or Tezos.
This digital currency attracts, because despite the volatility, the money gains are considerable for the most experienced, the most patient … or the luckiest users! For example, the price of Ethereum has multiplied by 2 between July 2021 and December 2021.
In addition, the technology related to the crypto sector, called “blockchain” ensures optimal security, since there is a decentralization of data storage which hinders the action of hacks during online transactions.
Unlike the conventional banking system, by registering on a cryptocurrency trading platform, you can invest, convert, trade, exchange or even transfer money or bitcoin, without any intermediary, 24 hours a day.
Indeed, unlike traditional online trading platforms, cryptocurrency mining is available whenever you want, no need to wait until business hours to buy bitcoin (BTC), deposit money or convert dollars to euros…
Finally, and not least! The cryptocurrency sector is doing you a favor by fighting against the inflation that has been eating away at the whole world for several months! Currencies such as Bitcoins or Ethereum have a limit threshold which makes it possible to fight against inflation: 21 million for Bitcoin against 210 million for Ethereum.
Enough to make the eyes of cryptocurrency sellers shine and the hair of traditional banking stand on end!
Make a transfer from Bitcoin to PayPal
PayPal is considered the leader in online money transactions from bank transfer to payment or donation of money. Since June 07, 2022, PayPal has offered to transfer cryptocurrencies between their PayPal wallet and other wallets. This platform with a secure wallet thus offers its users the possibility of converting their cryptocurrencies into euros, in an easy and accessible way for everyone.
Indeed, some online platforms such as LocalBitcoins, XCoins or Paxful allow you to sell your Bitcoins (BTC) via PayPal and thus exchange them for the currency of your choice, in dollars or euros thanks to the confidential keys of your digital wallet. . Ultimately, it is not impossible that PayPal wants to launch its own stablecoin.