Coinbase currently does not support PayPal as a direct payment method for buying Bitcoin or other cryptocurrencies. However, you can use the following method to indirectly buy Bitcoin using PayPal on Coinbase:
Sign up for a PayPal Cash Card:
The PayPal Cash Card is a debit card that is linked to your PayPal balance. You can use the card to withdraw funds from your PayPal account at an ATM or make purchases at retailers that accept Visa cards.
Connect your PayPal Cash Card to Coinbase:
Once you have the PayPal Cash Card, you can add it as a payment method on Coinbase. To do this, go to your Coinbase account settings and select “Payment Methods.” Click on “Add a Payment Method” and select “Debit Card.” Enter your PayPal Cash Card details and verify the card.
Buy Bitcoin on Coinbase:
With your PayPal Cash Card linked to Coinbase, you can now use the card to buy Bitcoin on Coinbase. Go to the “Buy/Sell” page on Coinbase and select “Bitcoin” as the cryptocurrency you want to buy. Choose your payment method as “Debit Card” and select your PayPal Cash Card. Enter the amount of Bitcoin you want to buy and confirm the purchase.
Note that using a debit card to buy Bitcoin on Coinbase may incur higher fees compared to using a bank account or wire transfer.
Coinbase paypal withdrawal
It is currently not possible to directly withdraw funds from Coinbase to PayPal. However, you can use a third-party service to exchange your cryptocurrencies or fiat currency on Coinbase for PayPal funds. Here’s how you can do it:
- Sell your cryptocurrencies or fiat currency on Coinbase: If you have cryptocurrencies or fiat currency in your Coinbase account, you can sell them for US dollars (USD) or other supported currencies.
- Transfer your USD to a PayPal-linked bank account: Once you have sold your cryptocurrencies or fiat currency for USD on Coinbase, you can transfer the funds to a bank account that is linked to your PayPal account.
- Withdraw funds from PayPal: After the funds have been transferred to your PayPal-linked bank account, you can withdraw them from PayPal as you would normally.
Note that there may be fees and exchange rates involved in using a third-party service to exchange your cryptocurrencies or fiat currency for PayPal funds. Additionally, transaction times may vary depending on the service you use. Be sure to do your own research and assess the risks before using any third-party service.
