Coinbase adds the option of buying crypto with PayPal

by in Cryptocurrency News


Nasdaq-listed Coinbase has allowed US residents to buy cryptos using PayPal.

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.

Trending: S&P Dow Jones Indices Issued BTC and Ether Indexes

The exchange has set a daily limit of up to $ 25,000. The commission will be 3.99%. Shortly, 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.