Coinbase adds the ability to buy cryptocurrencies with PayPal

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:– Coinbase (@coinbase) 

April 29, 2021

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.

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