American-based Coinbase cryptocurrency exchange has grown in popularity market due to various services. In terms of daily trading volume, Coinbase Pro remains among the leading exchange platforms, with a ~$160 million on average.
The platform established by Fred Ehrsam and Briand Armstrong seven years ago boasts of a friendly user interface. Cryptocurrency traders who are new in the industry can exchange different currencies at ease with Coinbase Pro. Furthermore, users on Coinbase platform enjoy a safety guarantee alongside minimal trading charges.
Coinbase has been striving over the years to stand out from the park by launching some attractive packages. One of the product is the exchange’s partnership with PayPal. With Coinbase, customers can use their PayPal accounts to deposit and withdraw cash directly. For United States customers, Coinbase users have access to PayPal’s Instant Transfer option. Users immediately receive the funds, with a fee of 3.75%. This is the worst part of Coinbase integrating PayPal – There’s a high fee attached to it.
How To integrate PayPal With Coinbase
Before adding a PayPal account to Coinbase, you have to log in. You can use a browser on any computer or a smartphone. To start the process of integrating your account with PayPal, click on “Settings” in your Coinbase account.
Withdrawing Funds From Coinbase To PayPal
At the top of the overview tab, click on the “Linked Accounts” section. Then click on “Link a New Account” button. You will then see a list of provided services and click on “PayPal” Coinbase will then redirect you to the PayPal website where you will log in. After accessing your PayPal, you will then grant Coinbase authority to your PayPal account by clicking on “Agree”
At this point, you have successfully linked your PayPal to the Coinbase account. You are now set to start exchanging currencies. In case you want to transfer funds from Coinbase to PayPal, click on the “Buy/Sell” button on the Coinbase toolbar that is located on the Dashboard.
Chose “Sell From” button. The next phase is choosing the wallet you would like to transfer your funds from. Select your PayPal wallet that is located in the “Deposit To” section.
You will then have access to a screen that allows you to verify the transaction details. Additionally, if you want to see the payment details further, click on the “Account” section from the toolbar. You will also be able to see the total amount of money transacted. You will then click on “Confirm Sell” option. If all the systems are right, the money will reflect in your PayPal account instantly or after a few seconds.
Removing PayPal From Coinbase
It is important to note that you can remove your PayPal account from Coinbase in case you don’t intend to initiate similar transactions in the future. With Coinbase’s user-friendly interface, removing the PayPal account should be easy.
Click on the “Setting” button and then “Linked Account” You will then click on “Remove” section that is next to your PayPal account. A confirmation box will pop up where you will once again click on “Remove”
Coinbase is a popular exchange due to its support of different cryptocurrencies. Additionally, the platform has incredible daily trading volumes.
Integrating with PayPal is a significant step for many users. However, we have some improvements that need to be made.
At the moment, Coinbase only allows users to withdraw funds to their PayPal accounts. The platforms also need to enable the deposit of funds to attract more clients.
Image Source: BitcoinExchangeGuide
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