Finally Coinbase users have the opportunity to purchase cryptocurrencies using PayPal.
The news was announced by Coinbase itself through a blog post today, Malaysian time.
Clearly Coinbase, users in the United States (US) can now buy crypto using debit cards and bank accounts linked to their PayPal accounts.
Through the integration, Coinbase users who have a PayPal account can buy crypto immediately without filling in bank account information or credit card numbers at the crypto exchange.
In fact, users are allowed to purchase cryptocurrencies at a maximum limit of $ 25,000 a day using PayPal.
A total of 3.99% will be charged for each crypto purchase. While a USD deposit from PayPal into Coinbase costs a charge of 2.5%.
However, the feature has only been launched in the US so far and is expected to be open to other countries in the near future.
So far for the first quarter of 2021, Coinbase recorded a total of 6.1 million active users while PayPal recorded 377 million users for 2020.
