It has been two weeks since Paypal's crypto service penetrated the United States (US) market but there was also unpleasant news reported by one of the users of the platform.
According to reports, PayPal has blocked its user account after it was found to have made many transactions using the platform with the notification "risk-free" and not allowed to carry out any further transactions.
At least 10 crypto transactions have been made within a week and each transaction requires an explanation to the platform.
Meanwhile, the remaining funds in the account amounting to $ 462 have been placed in a 180-day hold.
PayPal previously announced a week-long purchase limit in the US changed to $ 20,000 from the original amount, $ 10,000. However, PayPal's action on transactions made by users is different from the announcements made during the day.
Reddit user Cryptix001 explained that this situation was driven by PayPal's offer as a 'crypto bank' to store and spend Bitcoin, not a trading account.
If users continue to trade crypto, they will suffer losses due to the advantage of PayPal which does not charge any transaction charges.
However, based on the experience, it seems that after this Bitcoin fans have been discouraged to buy the asset from PayPal to avoid the same incident happening again.
