Coinbase has announced that users in the U.S now have the option to buy cryptocurrency using their PayPal accounts.
The company says this feature means bank accounts or debit cards linked with PayPal can be used to buy cryptocurrency on CoinBase. PayPal gives the opportunity to not give your bank account or debit card information directly to the cryptocurrency exchange, which means the feature will offer a familiar and trusted experience to the users when buying crypto.
How to use the feature
To use this new feature you can add your PayPal account by clicking on “Add a payments method”, which will link to the PayPal login screen.
The limit to purchase cryptocurrencies via PayPal is $25,000 a day or 0,46 Bitcoin, and Coinbase charges 3.99% fees. Debit cards and bank accounts linked to a PayPal account can be used to purchase crypto, but credit cards and e-checks cannot be used, Coinbase explained.
This feature is only available in the U.S, but in the coming months, Coinbase will expand and support more countries.