RATE Group | Major US Crypto Exchange Coinbase Adds Cash Withdrawals to PayPal
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Major US Crypto Exchange Coinbase Adds Cash Withdrawals to PayPal

15 Dec Major US Crypto Exchange Coinbase Adds Cash Withdrawals to PayPal

Posted at 06:55h in Cryptocurrency News by

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Major American cryptocurrency exchange Coinbase has introduced free of charge cash withdrawals to online payment system PayPal, according to an announcement published Dec. 14.

From now on, Coinbase’s United States-based customers are able to withdraw their cash balances to Paypal. The service for other countries will reportedly be rolled out some time in 2019.

Coinbase and PayPal previously integrated in 2016, when Coinbase added support for the payment platform in addition to major credit cards. At the time, Coinbase users were able to sell Bitcoin (BTC) and have their fiat funds deposited to a PayPal wallet. The integration was subsequently terminated due to technical difficulties.

With this move, Coinbase has enhanced its range of services, which has been actively expanding over the past several months. This month, the exchange began “exploring” the possibility of providing trading support for 31 cryptocurrencies. Potential new additions include Ripple (XRP), EOS and Cardano…

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