Coinbase is one of the most popular cryptocurrency exchanges in the world. The largest US-based cryptocurrency exchange now offers Canadian users to use PayPal to deposit and withdraw funds.
Due to the platform‘s top features, transparency and efficiency, it has developed a reputation among users. Thus, making it user’s favourite platform for crypto trading.
The company announced in blog :
“Following our recent announcements supporting PayPal in the U.S. and the EU, today we’re expanding PayPal support for our customers in Canada.”
By supporting PayPal, users can have immediate access to funds through one of the world’s most reliable and widely-used payment platforms.
Moreover, Canadian users now can have immediate access to their funds wherever they are. Also, it comes with a fast and free service of transferring sale proceeds into a PayPal account. And there is no fee to be paid by customers for such transfers.
“Coinbase is considered to be the most trusted crypto exchange and want to provide customers with the ability to access their funds in a way which is more reliable and safe.”
To start the process of withdrawing money from Coinbase to a PayPal, traders need to link their PayPal and Coinbase accounts. And later select PayPal as a payment option for sale proceeds to access your funds immediately.
Further, the company said that it is continuously working to expand PayPal support to other regions as well.
At the time of writing, coinbase Exchange ranked in 38th position with a 24-hr volume of $304,802,510 USD and offers around 47 trading pairs.