The Coinbase platform makes it easier for investors to enter the world of Bitcoin, as the cryptocurrency company struck a deal with PayPal that allows people to purchase cryptocurrencies using debit cards and bank accounts linked to the digital payments company.
Coinbase said in Post Announces Partnership: Buying cryptocurrencies should be simple and easy, however, moving money in the world of traditional finance can be otherwise.
And the post continued: ACH and bank transfers can take time and effort, and we know that you expect faster and smoother ways to make cryptocurrency purchases, and you can now instantly fund cryptocurrency purchases using PayPal with just a few clicks.
Funding cryptocurrency purchases with PayPal provides a familiar and trusted experience as you explore the world of cryptography.
By working with the payments system, PayPal has built knowledge and implemented appropriate tools in order to ensure transparency, performance, and security across all services.
And if you have an existing PayPal account, you can start making transactions via Coinbase right away.
In addition, there is no need to add bank accounts or card numbers directly to Coinbase, and you can continue to use PayPal to securely manage your information.
And you can spend up to $ 25,000 a day to buy cryptocurrencies via Coinbase with PayPal.
Coinbase stopped accepting cryptocurrency credit card purchases a few years ago.
Currently, cash withdrawals from Coinbase to PayPal are available in the United States, Canada, the European Union and the United Kingdom, and Coinbase plans to add additional countries in the coming weeks.
Coinbase offers a variety of crypto options to interested buyers, including Bitcoin and Ethereum.
However, she is not trading Dogecoin due to an apparent lack of confidence in her long-term potential.
The site even notes on its price tracking page that Dogecoin is a cryptocurrency created as a joke.
PayPal began letting people buy cryptocurrencies through its own app in the fall of last year.
And the maximum amount people can spend is $ 20,000 per week. PayPal’s Venmo app added the same feature earlier this month.