Coinbase has struck a deal with PayPal for allowing people to use bank accounts and debit cards that are linked to PayPal.
While making the announcement through a blog post, Coinbase said:
“Buying crypto should be simple and easy... 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. They said that the process of purchasing BTCs will become simple and easy.
In the Coinbase App, users will simply need to link their accounts and select the “add a payment method” option. Always choose the same email address to sign-up with both the services. This will help in setting up faster. You can also use two-factor authentication so that you can select the way in which crypto payment can be made.
Everyday, you can spend up to US$25,000 to buy cryptocurrencies on Coinbase through PayPal. In the USA, Canada, European Union, and United Kingdom, users can withdraw cash from Coinbase to PayPal. In the coming weeks this facility will be available in many other countries too.
A wide range of crypto options are available for purchase with PayPal and they include BTC, ETH, and LTC. However, you can’t trade Dogecoin (DOGE) by using PayPal because of the lack of confidence in its long-term potential.
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