Coinbase adds ability to buy crypto with PayPal

The Nasdaq-listed bitcoin exchange Coinbase has allowed US residents to buy cryptocurrencies using PayPal.

We’re now offering customers in the US a simple and speedy way to buy crypto on Coinbase using PayPal. We’re now one step further in bringing everyone easy and secure access to the cryptoeconomy. Learn how here: https://t.co/WxveJ8cGd6

— Coinbase (@coinbase) April 29, 2021

Users may use debit cards and bank accounts linked to PayPal. The new feature does not support credit cards or e-checks, the company said.

“If you have a PayPal account, you’ll be able to start transacting on Coinbase immediately. Users do not need to add bank account details or card numbers to Coinbase — you can continue using PayPal,” the statement said.

The exchange has set a daily limit of up to $25,000. The fee is 3.99%. In the near future the company plans to extend the service to users in other countries.

On 26 April 2021 Coinbase Pro added to its listing the Tether USDT stablecoin.

Earlier the cryptocurrency exchange announced the launch of the 10 Percent project, envisaging the allocation of 10% of spare resources to support the modernization program.

TIME magazine named Coinbase in the list of the 100 most influential companies. The company was placed in the Titans section, which also includes PayPal, Amazon and Google.

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