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What are Bitcoin Wallets. Bitcoin Wallets let us send, receive and store Bitcoin, http://forum.kelleyfinance.com/profile/binance31069665/. PayPal is one of the most convenient payment methods for people around the world to send and receive payments. Back in 2015, PayPal announced that merchants on their platform could accept Bitcoin. However, if you want to buy Bitcoin with PayPal, that’s another story. Due to how easy it is for buyers on PayPal to file chargebacks (dispute a transaction and get their money back), people usually don’t accept PayPal for Bitcoin. Even if the dispute is fraudulent and the buyer did receive the Bitcoin, PayPal has no way of knowing this (Bitcoin, while traceable, isn’t as traceable as PayPal) and will usually side with the buyer in case of a dispute. On top of the dispute problem, Bitcoin transactions are irreversible, making things that much worse for sellers if a buyer ends up scamming them. 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