![]() ![]() ![]() When PayPal first announced the move, CEO Dan Schulman said the company hoped it would encourage global uptake of the technology. By the end of this year, that's something Venmo users will be able to do as well. More recently, it's gone on to enable people to check out with digital currencies as well. Last fall, the company started allowing people to buy and sell Bitcoin, Litecoin, Ethereum and Bitcoin Cash. Transfers from bank accounts can take as long as 7-10 days, so prepare in advance for trading. If you are moving money from Coinbase, the transfer will be immediate. One other thing to keep in mind is that you must fund purchases with your debit card or money directly from your bank account.įor PayPal, this is just the latest example of its recent embrace of cryptocurrency. Select the source of your transfer, enter the desired amount, and then select Deposit Funds on the bottom of this window. Once you link the two accounts, you can spend up to $25,000 per day, so plan to set aside time across multiple days to buy a single Bitcoin. Go to your Profile Overview and View or update your Payment Methods: 4. Go to your account settings by pressing your account name and press e.g. Sign in to your Coinbase Pro account by going to 2. Otherwise, you'll need to make your way through PayPal's two-factor authentication interface. Deposit funds via iDEAL Follow the steps below to deposit funds via iDEAL on your Coinbase Pro account: 1. Provided you signed up with the same email for both Coinbase and PayPal, you'll be more or less good to go. To link your PayPal account to Coinbase, look for the "Add a payment method" option when you're buying a cryptocurrency within the app. You can use a bank account, a debit card, or a wire transfer. With today's update, Coinbase says you can fund your purchases "instantly." It also means there's one less platform with your debit and bank account information. To deposit or withdraw money from Coinbase, you need to link a payment method to your account. Previously, funding those purchases often meant using a debit card or a more time-consuming method like a wire transfer. Starting today, PayPal users in the US can link their accounts to Coinbase to make it easier to buy digital currencies like Bitcoin, Ethereum and Litecoin. In case you needed a sign cryptocurrency has gone mainstream, here it is. ![]()
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