PayPal is easily the worst place to buy crypto. And here at 99Bitcoins, we’re here to guide you, inform you, and ensure you don’t miss out on the greatest invention since the internet.

Buying BTC Back in the Day

Do you ever wonder how you got Bitcoin back in the early days? Bankrupt exchanges like Mt. Gox were the first to offer Bitcoin purchases in 2011.

Bitcoin History (Source: Screenrant)

Fast forward four years to 2020, PayPal announced enabling crypto purchases, but the reality has been disappointing. They don’t allow actual ownership of Bitcoin, making it similar to Robinhood or Cashapp.

Elon Musk and Peter Thiel unveil PayPal, 1990s.

— Historic Footage (@historicfootage) Source

PayPal does not provide private keys, which means you can’t send your Bitcoin to a digital wallet. So, what can you do? You can view your balance, exchange it for fiat, or make select purchases online.

Buy Bitcoin With PayPal: Just Don’t Do It

Overall, PayPal deserves an F+ for its crypto rollout, providing only the illusion of ownership. “It might make sense just to get some in case it catches on,” says Satoshi Nakamoto.