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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Bitcoin»Coinbase Now Allows You to Buy Cryptocurrency Using Your PayPal Account

    Coinbase Now Allows You to Buy Cryptocurrency Using Your PayPal Account

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    By Tapiwa Matthew Mutisi on April 30, 2021 Bitcoin, Business, Cryptocurrency, Digital currrency, Payments

    Just in case you needed a sign that cryptocurrency has gone mainstream, not exactly in the form of a miracle, but here it is: Today Coinbase has made it easy for curious investors to jump on the Bitcoin bandwagon after striking a deal with PayPal that will allow people to buy digital currency using debit cards and bank accounts that are linked to PayPal. “Buying crypto should be simple and easy,” Coinbase said in a blog post announcing the partnership. “However, moving money in the traditional world of finance can be anything but.”

    Cryptocurrency Exchange Coinbase Files to go Public

    Automated clearinghouses, or ACH, which are conventional transaction-processing systems, “and wire transfers can take time and effort, and we know you are expecting faster and more seamless ways to make crypto purchases,” the post continued. “Now, you can instantly fund crypto purchases with PayPal in just a few taps.”

    To link your accounts, just select the “add a payment method” option in the Coinbase app. If you’ve used the same email address for sign-up with both services, you’re all set. Otherwise, you’ll have to use two-factor authentication. From there, you can choose the way you’d like to pay for your crypto.

    You can spend up to $25,000 per day buying crypto on Coinbase via PayPal. Coinbase stopped accepting credit card purchases of crypto a few years ago. Right now, cash withdrawals from Coinbase to PayPal are already available in the U.S., Canada, EU, and U.K. Coinbase plans to add other countries in the coming weeks.

    Coinbase offers a variety of crypto options to interested buyers, including Bitcoin, Ethereum, and Litecoin. It does not, however, trade in Dogecoin, one of the hottest cryptocurrencies in recent months, because of an apparent lack of confidence in its long-term potential. The site even notes on a price tracking page that “Dogecoin is a cryptocurrency that was created as a joke.”

    Bitcoin surges to a new all-time high above $63K ahead of Coinbase Debut

    PayPal started letting people buy cryptocurrency through its own app in the fall of last year. The maximum amount people can spend on it is capped at $20,000 weekly, up to $50,000 total for a year. PayPal’s Venmo app, popular among millennials, added the same feature earlier this month.

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    Bitcoin Blockchain technology Coinbase Cryptocurrency Exchange Digital Payments Partnerships PayPal
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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    2 Comments

    1. Pingback: eBay Exploring Cryptocurrency Payments, NFTs | Innovation Village | Technology, Product Reviews, Business

    2. Pingback: Hackers Bypass Coinbase 2FA to Steal Cryptocurrency From 6000 Customers | Innovation Village | Technology, Product Reviews, Business

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