Nasdaq-listed Bitcoin exchange Coinbase has allowed US residents to buy cryptocurrencies using PayPal.
We’re now offering customers in the US a simple and speedy way to buy crypto on Coinbase using PayPal. We’re now one step further in bringing everyone easy and secure access to the cryptoeconomy. Learn how here: https://t.co/WxveJ8cGd6– Coinbase (@coinbase)
Users can use debit cards and bank accounts linked to PayPal. The new functionality does not support credit cards and electronic checks, the company noted.
“If you have a PayPal account, you can start trading on Coinbase right away. Users do not need to add bank account details and card numbers to Coinbase — they can continue to use PayPal, ”the message says.
The exchange has set a daily limit of up to $ 25,000. The commission will be 3.99%. In the near future, the company plans to connect users from other countries to the service.
On April 26, 2021, Coinbase Pro added Tether’s USDT stablecoin to its listing .
Earlier, the cryptocurrency exchange announced the launch of the 10 Percent project, which implies the allocation of 10% of free resources to support the modernization program.
Recall that TIME magazine included Coinbase in the list of 100 most influential companies . The company made it to the Titans section, which also includes PayPal, Amazon and Google.