How to securely store cryptocurrency using a PayPal wallet?
Santiago JimenezDec 29, 2021 · 3 years ago1 answers
What are the steps to securely store cryptocurrency using a PayPal wallet?
1 answers
- Dec 29, 2021 · 3 years agoStoring cryptocurrency in a PayPal wallet is a convenient option for many users. However, it's important to note that PayPal wallets are custodial wallets, meaning you don't have full control over your private keys. This introduces a level of risk, as you're relying on PayPal's security measures to protect your funds. It's always recommended to use a non-custodial wallet for maximum security and control over your cryptocurrency.
Related Tags
Hot Questions
- 87
How can I minimize my tax liability when dealing with cryptocurrencies?
- 57
Are there any special tax rules for crypto investors?
- 52
What is the future of blockchain technology?
- 49
What are the advantages of using cryptocurrency for online transactions?
- 47
What are the best digital currencies to invest in right now?
- 40
How does cryptocurrency affect my tax return?
- 22
What are the tax implications of using cryptocurrency?
- 14
What are the best practices for reporting cryptocurrency on my taxes?