A big win for convenience as Coinbase partners with Paypal to let users buy cryptocurrency easier and faster.
The buzzing crypto exchange platform which made a historic NYSE listing a few weeks ago, announced its partnership with Paypal on Thursday, adding that its users would now enjoy up to $25,000 daily purchase limits when buying cryptocurrencies through PayPal.
The deal takes off the stress of traditional linking of accounts, card digit inputs, ACH, and wire transfers from customers on the platform and could see existing PayPal users start transacting right away by clicking on PayPal as a preferred funding option on the Coinbase app.
Registration is easy for customers who use the same e-mail address for PayPal and Coinbase but a 2 -Factor Authorization would be required, in event of different multiple emails.
For now, the new feature remains exclusive to Coinbase users in the US as the company aims to expand to other nations.
With the recent buzz around Bitcoin and its growing market acceptance, PayPal is looking to plug itself as a relevant player in the industry and has already started offering a special feature – Check Out With PayPal, that helps users buy, sell and hold a narrow range of currencies.
Unlike Coinbase, Check Out With PayPal does not offer the inter-transferability of coins.