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Bitcoin ( ) is a cryptocurrency, a form of electronic cash. Retrieved 25 November 2016. Retrieved 23 February 2015. King; Sam Williams; David Yanofsky (17 December 2013). After your first transaction, though, the withdrawal will be instant, and it can be traced in the Blockchain. It is possible to successfully use paypal to buy bitcoins, though, and sell them for a higher prices through online marketplaces, such as LocalBitcoins and eBay. Retrieved b Tschorsch, Florian; Scheuermann, Björn (2016). 2014 ieee Symposium on Security and Privacy. This one is similar to Localbitcoins (Above) but with cleaner. PayPal deems that it has no intrinsic value of its own, according to the Greater Fool Theory. A b c d e f "The great chain of being sure about things". 8) before meeting the difficulty target.