Coinbase Adds PayPal As Payment Option For U.S. Users

[Anonylz]

"Coinbase now allows users in the US to buy and sell bitcoin and other cryptocurrencies via an integrated PayPal account. Previously, users could only purchase bitcoin from the exchange using either ACH or wire transfer via a connected bank account. PayPal-linked credit cards can’t be used, there’s a purchase limit of $25,000 per day for PayPal users and the exchange will charge 3.99% fees."

-It's hilarious to see PayPal come full circle. They banned buying bitcoin from their platform really early on, but it's now apparently too lucrative to ignore.
-Those fees are insane. (2.5% for deposits, 4% for direct purchases).

What do you think is bullish? Will people be using it?

As I have seen a lot of people complaining about the fees and not letting middleman(PayPal) handle the transactions.

Those who don't have any other alternative to buy will consider it, half bread is better than none, PayPal's involvement in crypto is paving ways for more opportunity, am sure some people would not even mind the fees as long as they can now have access to buy btc, it is a good move nonetheless, anything that bring more exposure and easy access to btc is certainly an achievement.

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[mrongoz22]

Coinbase is adding paypal as a payment option for US users, which will enable millions of users based in the United States, to add their debit and credit cards connected to their paypal to their coinbase account, creating a way for unlimited crypto purchases, I think they do all of that just to make a lot of money too, because they realize now that bitcoin has grown, so they do all that to make a lot of profit ..

[Bitstar_coin]

I knew there are yet more news to come from paypal, since the time they announced accepting btc in their services they have been working hard to make the experience more friendly and easy for users, people already where complaining that the service don't allow users to withdraw their btc to personal wallet, but with this new update am sure those who use the service to buy from coinbase can be able to withdraw, 
Even if paypal stand to gain more but the important part is they are creating new ways to reach more people.

[concept2]

This is not a significant news since both coinbase and paypay are related to bitcoin and cryptocurrency.

I believe that new companies joining the crypto world bring more positive news than this (ex: Visa could join the crypto revolution). Paypal news had driven the market for many months and it is end by now. We need new momentum created by a new prominent name

[aoluain]

Just for clarification, can I buy Bitcoin on Coinbase with a Paypal balance?

Can I sell Bitcoin on Coinbase and have the FIAT go to my Paypal account?

If this is the case I would most certainly use it.

[Kong Hey Pakboy]

This is not a significant news since both coinbase and paypay are related to bitcoin and cryptocurrency.

I believe that new companies joining the crypto world bring more positive news than this (ex: Visa could join the crypto revolution). Paypal news had driven the market for many months and it is end by now. We need new momentum created by a new prominent name

Well, they are a big company so to say that it isn't a big deal of a news is an understatement of the century. Yes companies joining the crypto craze is a good news but that doesn't mean that every other news is disregarded, this still calls for a celebration although not a lot of people like this situation.

[philipma1957]

Just for clarification, can I buy Bitcoin on Coinbase with a Paypal balance?

Can I sell Bitcoin on Coinbase and have the FIAT go to my Paypal account?

If this is the case I would most certainly use it.

yes you can both.

[tbterryboy]

-It's hilarious to see PayPal come full circle. They banned buying bitcoin from their platform really early on, but it's now apparently too lucrative to ignore.
-Those fees are insane. (2.5% for deposits, 4% for direct purchases).

What do you think is bullish? Will people be using it?

As I have seen a lot of people complaining about the fees and not letting middleman(PayPal) handle the transactions.

Man for real, I do remember the time that they (PayPal) banned bitcoin  and even closing the account of users that were making use of bitcoin, but this time around a lot of things have changed and it’s now those companies that banned bitcoin that are now accepting it in their platform and PayPal is now one of them.

I am not surprised that Coinbase has added then as a payment option, because PayPal is now allowing payments in bitcoin and other cryptocurrencies (although the process is quite different) they are sure going to be letting their users make use of it in payment.

[Streets 2.0]

Mutual integration of cryptocurrency and existing financial instruments greatly simplifies life and trading for everyone. Such steps will increase the number of people who will be able to buy or sell cryptocurrency, or vice versa, to buy something with it without unnecessary actions. The more such financial infrastructure develops, the wider the community and the stronger the cryptocurrency market. There would be more such positive news.

[nelson4lov]

Have Binance already done this or are they just going to do it?

If you mean Binance p2p, yes. PayPal was one of the payment options the last time I checked but a couple of my friends using PayPal to buy bitcoin via the platform ran into issues as PayPal payments were always flagged and sent back to the seller.  Anything involving using PayPal to make transactions is a big no no for me especially since they'd remain in custody of ny funds and can easily make it inaccessible for me just like they always do to people's money. U.S should be able to use other options to buy bitcoin. Buying though Coinbase + PayPal isn't a straightforward process as both platforms offer only custodial services to customers.