Coinbase had already allowed for a few years to recover its funds on a PayPal account but it was not yet possible to buy Bitcoin BTC or cryptocurrencies directly with this well-known payment provider.
The now listed US crypto exchange announced that it is now possible to buy Bitcoin and cryptos with the PayPal option, a service only available in the United States at this time.
An option that should open to other countries in the future, said the crypto startup.
The electronic payment giant PayPal confirms its role in the adoption of cryptocurrencies, it also integrated the purchase and sale of Bitcoin on its platform last year, as well as several other altcoins such as Ethereum ETH or Litecoin LTC.
While buying Bitcoin with PayPal may seem convenient, pay attention to the fees that are charged when using this payment solution.
On the Coinbase site, the prices quoted by the trading platform may chill those eagerly awaiting the PayPal payment option.
It costs a 3.99% fee if you want to pay with PayPal on Coinbase, a fee that is also equivalent if you pay with a debit card.
Coinbase users can buy up to $ 25,000 in crypto per day using PayPal.
Coinbase, unlike its competitors such as Binance or Kraken, is negatively known for its very high fees.
Its services are intended primarily for the general public, offering an easy-to-use interface for a quick and immediate purchase of Bitcoin but which comes with very significant fees.
If you buy for $ 1000 in Bitcoin, then you will pay almost $ 40 in fees if you use PayPal or a debit card.
The cheapest being to make a deposit by bank transfer, the fees are then 1.49%.
Just like it already did eToro, so it is now possible tobuy Bitcoin with PayPal on Coinbase, a payment option that will certainly meet the demand of some users who were waiting for this option to be activated on their account.
Coinbase has not communicated a timetable for the expansion of this service to other countries such as France.