Categories: CoinbaseExchangesNews

Coinbase Now Allows Users to Withdraw Via PayPal for Free

U.S. Cryptocurrency exchange Coinbase recently enabled zero charge withdrawals to users Paypal accounts for fiat currencies like USD, EUR, and GBP.

As reported, Coinbase hasn’t officially announced this update on either their website or on social media but has sent emails to many eligible users.

Free withdrawals can only be availed in a few select regions, like US, UK, EU, and Canada. However, users in Canada and Australia can’t withdraw through PayPal but are provided the option to sell their crypto for CAD or AUD respectively.

Image Courtesy: Beincrypto.com

To enable this option, users will be required to fulfill all identity verification procedures and must have received the e-mail to avail.

Currently, only withdrawals are being facilitated with no further announcements on whether Paypal deposits will be accepted by the exchange.

The update came shortly after Coinbase’s recent $300 million Series-E funding and the addition of stable coin Circle to its exchange platform. The San Francisco based exchange also recently launched its own OTC Trading Desk for institutional investors.

Blockmanity’s Take

Coinbase might just be testing withdrawals with Paypal. Stay tuned for more news on this.

Image Source: Flickr

Also Read:


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Rishabh

Rishabh Bose is a partner & news writer at Blockmanity. He is a productivity engine and has been a cryptocurrency & blockchain consultant since early 2018.

Share
Published by
Rishabh

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago