19.5 C
Manchester
April 20, 2019
Image default
exchange News

Coinbase Allows PayPal Withdrawals For European Customers

Coinbase makes the crypto enthusiast community in Europe really happy with the latest announcement.

The crypto exchange just added support for PayPal withdrawals for the customers in Europe.

The US and Europe customers can enjoy PayPal withdrawals

Coinbase has initially revealed that the US customers can make free instant USD withdrawals to their PayPal accounts back on December 14, 2018.

CryptoGlobe reports that a blog post by Allen Osgood who is a project manager at Coinbase said that up to December 14, the US customers, “needed either an ACH or a Fedwire (formerly known as the Federal Reserve Wire Network) account to withdraw fiat (USD) from their Coinbase account. Unfortunately, using such traditional financial networks means that withdrawals can take up to two business days.”

Coinbase’s support for the customers in the US meant that from start date on, they became able to withdraw Coinbase balances on the spot to PayPal without paying a 1.49% withdrawal fee.

In order to start using the new service, users were required to sign in to Coinbase and link their PayPal account to their Coinbase account.

Then they had to select their PayPal account as their payment option when withdrawing cash balances.

Now, the same feature is available for Europe customers as well. From now on, Coinbase “is expanding that support for PayPal withdrawals to all E.U. customers and customers in European Free Trade Association countries,” according to the official blog post.

Coinbase, included in Forbes Fintech 2019 list

In other news, Coinbase was mentioned as one of the most promising and innovative fintech companies by Forbes.

The reputable publication included Coinbase alongside Ripple, Circle, Gemini and more in their the Forbes Fintech 2019 list.

Forbes wrote that these blockchain companies that have been included in their list would “undoubtedly form some unusual alliances as they evolve past competing against other blockchain startups, to competing in mainstream finance against long-established players.”

Related posts

3 Essential Reasons To Own Ripple’s Digital Asset XRP Long-Term, Despite The Bearish Crypto Market

admin

TRON’s Director Of Global Communications – Are TRON Trying To Reinvent The Wheel?

admin

Projects Built on Stellar and Possible Investment Ideas

admin

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More