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Content:

• Coinbase just made it easier than ever to buy cryptocurrency — here's how
• Cryptocurrency Price Check: PayPal Expands Crypto Services, Coinbase Buys $500M of Crypto
• Coinbase vs Paypal
• Benefits of linking a PayPal account with Coinbase
• How to Withdraw Crypto from Coinbase to PayPal Instantly
• Kraken vs. Coinbase
• Coinbase Adds Zero-Fee Cryptocurrency Withdrawals and Sells Through PayPal

WATCH RELATED VIDEO: Funding your Coinbase Account using PayPal - [STEP 2] - Beginner

Coinbase just made it easier than ever to buy cryptocurrency — here's how

Buy crypto on Coinbase with PayPal. The feature was released in April and has been extremely well received by millions of users around the world who have funds in their PayPal account that they would like to buy crypto with. I think that linking up your PayPal account to Coinbase is a great idea for new users of Coinbase who are familiar with how PayPal works and want to buy Bitcoin or other cryptos quickly. Jean Galea is a dad, amateur padel player, host of the Mastermind.

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Cryptocurrency Price Check: PayPal Expands Crypto Services, Coinbase Buys $500M of Crypto

PayPal is a platform that is mostly known for its feature of allowing users to make instant money transfers. Now it is possible to link with Coinbase to revolutionize online payments. Coinbase is an app that allows you to trade cryptocurrencies. Compared to other similar apps, Coinbase is particularly user-friendly and also allows you to withdraw money to your bank account. There are certain limitations that apply. For example, you cannot use your PayPal balance to purchase cryptocurrencies such as Bitcoin, Litecoin and Ether. While the two companies are discussing the implementation of this feature, it is not yet supported.

Coinbase vs Paypal

In case you missed it, we generally recommend using a custodial service to buy, sell and hold your cryptocurrency as opposed to managing coins yourself. In particular, we suggest going with Coinbase. However, Paypal recently announced that their customers can now buy and sell crypto, too. We put together this head-to-head breakdown — Coinbase vs Paypal — so you can see why we still favor Coinbase for now. Coinbase is the largest cryptocurrency exchange in the United States. Though Coinbase only began in , that is a long time by crypto standards. Notably, Coinbase has never suffered a major hack or committed any sketchy mishandling or misplacement of funds. That might sound weird. But on other exchanges, hackers and scam artists have stolen hundreds of millions of dollars worth of cryptocurrency.

Benefits of linking a PayPal account with Coinbase

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How to Withdraw Crypto from Coinbase to PayPal Instantly

Bitcoin and the entire crypto space have had a spectacular year so far, and the bull run continues. Bitcoin, ethereum, and even meme coins like doge have climbed to all-time highs at various points throughout the year, and others are expected to continue to surge in the coming months. Increased interest from retail investors, the involvement of multiple institutions, the NFT phenomenon , are all factors that might have fueled the growth of bitcoin. The infusion of cash into the economy to prop up industry sectors and people who lost their jobs during the pandemic can also explain the crypto bull run. After all, when bitcoin goes up, everything else follows. Separately, PayPal started supporting crypto purchases on its platform for four distinct cryptocurrencies late last year.

Kraken vs. Coinbase

Coinbase is allowing U. It is also another sign of crypto's increasing mainstream acceptance. PayPal, long coy and standoffish about the sector, began allowing users to buy crypto on its own platform last year and has gradually expanded this service. Coinbase, one of the crypto industry's oldest startups, recently listed its shares on the Nasdaq. The 3. And it is markedly higher than bank buy fees of 1.

Coinbase Adds Zero-Fee Cryptocurrency Withdrawals and Sells Through PayPal

Alex Gailey is a journalist who specializes in personal finance, banking, credit cards, and fintech. Prior to…. It is easier than ever to buy cryptocurrency — all you have to do is pull out your phone and open an app. PayPal is one of a few popular mobile and online payments platforms now allowing users in the U.

What Happened: Coinbase announced Thursday its U. The company plans to also roll out this feature to more countries in the future. The move constitutes a step forward in making buying crypto easier and faster than with wire transfers and other traditional methods, according to Coinbase. The addition of PayPal support also means that United States customers will not need to add their bank accounts or card numbers directly to Coinbase, therefore sharing this sensitive data with fewer parties and improving security. PayPal is not completely foreign to Coinbase, considering that it was already a supported withdrawal method in the U. The payment processing giant is also not new to cryptocurrencies in general.

Exciting times are afoot in the Bitcoin world on a nearly daily basis. Buying and selling Bitcoin has never been easier or more convenient than it is right now. Before people get too excited about the option to buy Bitcoin with Paypal shortly, that option will not be enabled just yet. Coinbase makes it clear they will let users buy cryptocurrency with a debit card, though. The PayPal option will only be usable to sell cryptocurrency,. The addition of Paypal to the Coinbase platform was only a matter of time, though. For all of its flaws, PayPal remains one of the most commonly used online payment services around the world.

Coinbase has struck a deal with PayPal for allowing people to use bank accounts and debit cards that are linked to PayPal. However, moving money in the traditional world of finance can be anything but. Automated clearing houses, or ACH, which are conventional transaction-processing systems, and wire transfers can take time and effort, and we know you are expecting faster and more seamless ways to make crypto purchases… Now, you can instantly fund crypto purchases with PayPal in just a few taps. While announcing their deal withPayPal, Coinbase said that they are making it easier for curious investors to invest in Bitcoin.