Coinbase, the popular cryptocurrency exchange, has announced that its users in Germany and the UK can now link their PayPal accounts directly to Coinbase to buy cryptocurrencies. This partnership aims to provide a hassle-free, trusted, and secure purchasing and withdrawal option for users.
The integration with PayPal allows Coinbase users to buy crypto using their debit cards and bank accounts linked to PayPal. This new method ensures that acquiring cryptocurrencies is as straightforward as making a regular purchase, bypassing the tedious and time-consuming process of wire transfers.
Daniel Seifert, Vice President and Regional Managing Director, EMEA at Coinbase, expressed his excitement about the partnership, stating that it aligns with Coinbase’s mission to increase economic freedom by making it easier, safer, and faster for customers to engage with the cryptoeconomy. The collaboration with PayPal offers a fast, secure, and convenient way for German and UK users to buy crypto.
Using PayPal as a funding source for buying crypto introduces a familiar and reliable transaction experience for users. PayPal has developed extensive expertise and tools within the payment ecosystem to ensure transparency, performance, and security across its services.
This integration is part of Coinbase’s commitment to providing easy and secure access to the cryptoeconomy for everyone. If users already have a PayPal account, they can start transacting on Coinbase immediately without the need to manually input their bank account or card number. They can securely manage their financial information through PayPal.
To fund crypto purchases with PayPal, users simply need to select the desired cryptocurrency on Coinbase, click on the payment method, and select PayPal. This will redirect them to a PayPal login screen, where they can choose or add a debit card or bank account linked to their PayPal account.
The PayPal integration brings several key benefits to Coinbase users, including ease of use and industry-leading safety and security. Users in Germany and the UK can now buy crypto by connecting their PayPal account. Purchasing crypto on Coinbase using PayPal ensures dual security from both industry leaders, with robust features such as encryption and fraud monitoring.
The PayPal integration is currently available to all users in Germany and the UK, with plans to extend the option to other EU countries in the coming months. Cash withdrawals to PayPal are already available in the US, Canada, the UK, and across the EU.
For more information on funding Coinbase accounts, users can visit Coinbase.com and log into their accounts.
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