By Eddie Lo, Product Manager, Coinbase
We are now offering millions of customers in the US a simple and speedy way to buy crypto on Coinbase using your debit cards and bank accounts linked to PayPal.
Buying crypto should be simple and easy. However, moving money in the traditional world of finance can be anything but. ACH 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.
Funding crypto purchases through PayPal offers a familiar and trusted experience as you explore the world of crypto. Working with the payments ecosystem, PayPal has built up the knowledge and implemented the proper tools in order to assure transparency, performance and security in all services. We’re now one step further in bringing everyone easy and secure access to the cryptoeconomy.
Buy crypto instantly
If you have an existing PayPal account, you’ll be able to start making transactions on Coinbase right away.[1] Plus, there’s no need to add bank accounts or card numbers directly to Coinbase — you can continue using PayPal to securely manage your information.
Simple and Easy
When you’re ready to fund crypto purchases with PayPal, first select the crypto you want to buy, tap on the payment method then “Add a payment method” to select PayPal. You’ll be taken to a PayPal login screen — make sure your PayPal email address is the same as the Coinbase email address, otherwise you’ll have to go through a two-factor authentication flow. After you log in, you can select or add a debit card or bank account linked to your PayPal account.
Once you’re done, you can make a purchase up to $25,000 a day with your PayPal account.
Customers in the US can buy crypto with a connected bank account via ACH or Wire transfer, a debit card, funds in their Coinbase USD wallet, in addition to now using funds from a connected PayPal account.
In the coming months we’ll expand the ability to purchase crypto using funds from PayPal to more countries. Cash withdrawals to PayPal are already available in the US, Canada, EU and UK. Learn more about our price structure for crypto purchases at our help center.
Meeting you where you are
We’re looking forward to meeting you where you already spend, pay, send, and save, and enabling more options with brands you already use. Simplicity and ease of use are core tenets of Coinbase and we are committed to delivering on this promise.
[1]eChecks and PayPal-linked credit cards cannot be used to purchase crypto with Coinbase.
A new way to buy crypto on Coinbase using PayPal was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.