Cryptocurrency exchange Coinbase now allows its U.S. customers to buy cryptocurrencies with Paypal. Millions of customers can now purchase up to $25,000 a day of cryptocurrencies with their Paypal accounts.
Coinbase Adds Paypal as Funding Source for Users
Coinbase announced Thursday that Paypal has been added as a funding source for buying cryptocurrencies at the exchange. The Nasdaq-listed company wrote:
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.
Coinbase explained, “If you have an existing Paypal account, you’ll be able to start making transactions on Coinbase right away,” adding that “there’s no need to add bank accounts or card numbers directly to Coinbase.”
However, the company noted that “echecks and Paypal-linked credit cards cannot be used to purchase crypto with Coinbase.”
To use Paypal on Coinbase, users will select Paypal as a payment method when buying