Coinbase now offers German and UK users quick method to buy crypto via PayPal
Coinbase now offers its German and UK users a quick and hassle-free method to buy crypto, using their debit cards and bank accounts linked to PayPal.
Daniel Seifert, Vice President and Regional Managing Director, EMEA at Coinbase, said:
“Coinbase’s mission of increasing economic freedom in the world means making it easier, safer and faster for customers to interact and engage with the cryptoeconomy, reducing the frictions of the legacy banking system. We’re therefore very pleased to be partnering with PayPal to be able to offer our German and UK users another fast, secure and convenient way to buy crypto.”
If you already have a PayPal account, you can start transacting on Coinbase immediately. Additionally, there’s no need to manually input your bank account or card number directly to Coinbase — you can continue using PayPal to securely manage your financial information.
When you are set to fund your crypto purchases with PayPal, first select the crypto you want to buy, click on the payment method then “Add a payment method” to select PayPal. You’ll be directed to a PayPal login screen. After logging in, you can select or add a debit card or bank account linked to your PayPal account.
In the following months, Coinbase will extend the option to purchase crypto using funds from PayPal to other EU countries. Cash withdrawals to PayPal are already available in the US, Canada, the UK, and across the EU.