[ANN] Coinbase now lets US users pay for cryptocurrency through a PayPal account

[Imran232]

I am a little bit confused where this topic should be. I posted it on Announcement section i thought its a great announcement from Coinbase and paypal for US users.

Now paypal users can easily use all crypto facilities like coinbase users can. And coinbase users can use paypal facilities two. Because worlds biggest 2 platform collaborate. Now PayPal users in the US can link their accounts to Coinbase to make it easier to buy digital currencies like Bitcoin, Ethereum and Litecoin. Previously, funding those purchases often meant using a debit card or a more time-consuming method like a wire transfer. With today's update, Coinbase says you can fund your purchases "instantly." It also means there's one less platform with your debit and bank account information.

For the full information i suggest everyone to read the full articles.

Source: Yahoo Finance

[livingfree]

It's moved to Altcoin Discussion.

This is a good news for those PayPal users that only depends buying crypto through PayPal. They're upgrading if they're now partnered with Coinbase and accounts can be linked from one to the other.

It's an easy way to purchase crypto for those people that have funds mostly used for buying crypto with their PayPal accounts.

[Kavelj22]

One other thing to keep in mind is that you must fund purchases with your debit card or money directly from your bank account.

Is this mean that Paypal account will be only used to purchase cryptocurrencies and users still have to use their bank accounts?

This is a good news for those PayPal users that only depends buying crypto through PayPal. They're upgrading if they're now partnered with Coinbase and accounts can be linked from one to the other.

It's an easy way to purchase crypto for those people that have funds mostly used for buying crypto with their PayPal accounts.

The greatest part is that users won't have to go through kyc process if the same email is used for both Paypal and Coinbase accounts.
US Paypal users already have options to purchase crypto using their cards and more time consuming, now it's only need the account info to link to Coinbase.

[Twinkledoe]

One other thing to keep in mind is that you must fund purchases with your debit card or money directly from your bank account.

Is this mean that Paypal account will be only used to purchase cryptocurrencies and users still have to use their bank accounts?

This is a good news for those PayPal users that only depends buying crypto through PayPal. They're upgrading if they're now partnered with Coinbase and accounts can be linked from one to the other.

It's an easy way to purchase crypto for those people that have funds mostly used for buying crypto with their PayPal accounts.

The greatest part is that users won't have to go through kyc process if the same email is used for both Paypal and Coinbase accounts.
US Paypal users already have options to purchase crypto using their cards and more time consuming, now it's only need the account info to link to Coinbase.

This may save time if you are already both user of this platform. It will make your life bit easier especially for US crypto users. At least, PayPal is not confining its users to buy/sell their crypto within their platform. Now, they can directly connect it with their Coinbase account, which, I believe has better rates than PayPal.

[livingfree]

This is a good news for those PayPal users that only depends buying crypto through PayPal. They're upgrading if they're now partnered with Coinbase and accounts can be linked from one to the other.

It's an easy way to purchase crypto for those people that have funds mostly used for buying crypto with their PayPal accounts.

The greatest part is that users won't have to go through kyc process if the same email is used for both Paypal and Coinbase accounts.
US Paypal users already have options to purchase crypto using their cards and more time consuming, now it's only need the account info to link to Coinbase.

Yeah.

It's easier for them to buy crypto and that's a good feature that PayPal has considered. Despite that they've been known for not allowing to transfer cryptos outside their platform, I think that they're starting to make known of it.

Is that rule that they've set of not allowing to transfer outside PayPal and to other wallets is still their rule?

[Kavelj22]

This is a good news for those PayPal users that only depends buying crypto through PayPal. They're upgrading if they're now partnered with Coinbase and accounts can be linked from one to the other.

It's an easy way to purchase crypto for those people that have funds mostly used for buying crypto with their PayPal accounts.

The greatest part is that users won't have to go through kyc process if the same email is used for both Paypal and Coinbase accounts.
US Paypal users already have options to purchase crypto using their cards and more time consuming, now it's only need the account info to link to Coinbase.

Yeah.

It's easier for them to buy crypto and that's a good feature that PayPal has considered. Despite that they've been known for not allowing to transfer cryptos outside their platform, I think that they're starting to make known of it.

Is that rule that they've set of not allowing to transfer outside PayPal and to other wallets is still their rule?

Afaik, PayPal users can fill their crypto balances by simply deposit it into PayPal then use it to purchase. Now, it's allowed to use the main account (PayPal) to buy crypto and fill their balances directly from Coinbase. So besides it's a good feature, it's also a way somehow to track users properties between different platforms. However it's a giant step for Coinbase to reach more customers.
Actually, i am not a PayPal user neither a US citizen, hope that someone correct me if i am wrong about the quality of this new service from PayPal.