Coinbase Renews Partnership With PayPal For Instant Withdrawals In US

Announcements, FinTech | December 15, 2018 By:

US customers of the Coinbase exchange can now withdraw their balances directly into their PayPal accounts, converting crypto to cash.

The move by the largest US exchange should provide a major incentive for retail investors to get in the game.  According to a blog post, there are no fees attached to the withdrawal.

Coinbase said last month it was working to integrate PayPal integration. The new service only allows withdrawals, meaning customers will have to visit Coinbase for purchases.

The deal marks the second integration with PayPal. A previous service was ended earlier this year because of technical issues.

PayPal service via Coinbase may be extended to other nations throughout 2019.