Is Bitcoin similar to PayPal?
Austen No bitcoin is not like PayPal. Although it is a peer-to-peer currency bitcoin is totally decentralized which means it can not be hacked or not allowed. Paypal can not function until & unless it is allowed by the country. Also, the transaction charges are one of the many differences between the two. Paypal usually takes a few days to transfer the money while bitcoin does it in roughly 10 min.
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