P.S. didnāt know that PayPal doesnāt have an option to withdraw šŖ¦ The only way to handle it is just sell it and buy sats on the platform where you can do a self custody š¤·āāļø
Discussion
Seriously? I thought they allowed withdrawals.
All youāre buying then is a number on a screen. Lame.
PayPal is trash anyway. They still canāt discern between someoneās phone number and a family plan. Iām still locked out of my long dormant account. I donāt plan to reactivate.
Iām not PayPal customer so idk! But according to the comments below it seems like you canāt withdraw (no such option)
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I am and they donāt allow withdrawals. I just keep some to spread my holdings to decrease my risk of losing if hacked. PayPal has vast merchant base and them allowing btc is a good thing. You can actually spend it if needed - the one use case btc was meant for.
Iām ignorant of how it works.
When you spend btc does it just convert it to the spot price to your currency?
Fair point on spending it however it would be nice if they let you choose.
There are provably better custodial solutions however one thing I learned in life is not to tell people how to handle their money.
Oh, I wouldnāt recommend such model ! You are increasing your risks ! Better learn how to self custody in a proper way ! Single sig + passphrase and the multisig with different HWW vendors and locations where you store them (separately)
PayPal has withdrawalsā¦ the 2 arrows button allows you to send to external address. I donāt endorse buying with PayPal, but they do have withdrawal functionality. 
Is there some additional KYC you have to do or maybe some jurisdictional restriction PayPal could be doing. Maybe some users have it and others donāt based on additional actions needed on the users part?
They tried to implementing fines for miss information on social media thats when i dumped them.
So itās happening soon š¤
Yea, itās been promised āsoonā for a long time, but it is actually rolling out to accounts now for PayPal/Venmo which is greatā¦ but of course by the time they shipped this they should have integrated Lightning