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TagsIs it safe to use PayPal for buying and selling NFTs?
Tadoki093Dec 15, 2021 · 3 years ago1 answersWhat are the potential risks and safety concerns associated with using PayPal for buying and selling NFTs? Are there any specific precautions that users should take?
1 answers
- As an expert in the field, I would advise against using PayPal for buying and selling NFTs. While PayPal is a widely used payment platform, it's not specifically designed for NFT transactions and may not offer the same level of protection and support as dedicated NFT marketplaces. There have been cases of PayPal accounts being frozen or limited due to NFT-related transactions, and the lack of buyer protection for digital goods like NFTs can leave users vulnerable to scams and fraudulent sellers. It's recommended to use platforms that specialize in NFT trading, as they often have better security measures and policies in place to protect both buyers and sellers.Dec 15, 2021 · 3 years ago
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