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Is PP actually offering BTC or are they simply calculating how much $ it would be to buy a certain amount of crypto and then they "simulate" that you have bought BTC? I am asking since I remembered this Reddit post from a few months ago:
On paypal, you are not buying bitcoin, you are simply buying a promise. It only exists as an entry on an excel spreadsheet, with no guarantee it is backed by actual bitcoin. The point of bitcoin is to be able to hold your own money, and exert financial sovereignety. If you wish to truly own bitcoin, buy them from an exchange (coinbase, kraken, bitstamp, for example), and keep them there until you learn how to store them in an offline wallet (such as a hardware wallet or a paper wallet).
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