Coinbase allows fund withdrawals to PayPal for European customers

07 Feb, 2019 | Updated: 07 Feb, 2019
by Fifi Arisandi
Exchange
Coinbase allows fund withdrawals to PayPal for European customers

Coinbase's customers located in the European Union and European Free Trade Association countries can now withdraw their funds to their PayPal accounts.

Coinbase continuously upgrades their service. After announcing the Bitcoin addition to their wallet app yesterday, they’re adding a new support to their customers in the European Union and European Free Trade Association countries.

Read more: Coinbase Wallet now supports BTC, store your BTC on your Crypto Wallet app

Customers from the aforementioned regions are now allowed to withdraw their fund to PayPal, a service that was previously only available for customers in the US and UK, as reported by BTC Manager.

Quoting Coinbase’s staff, Allen Osgood’s statement, "Before PayPal, SEPA and UK Faster Payments were the only options for European customers to withdraw funds. Part of our commitment to being the safest and easiest is to support the preferred transfer options for our customer around the world. As one of the world’s easiest and most widely-used payment platforms, adding PayPal as a withdrawal option for European customers offers another great option for withdrawing their funds."

The online payment service giant itself is now being more open to cryptocurrency, with the latest update from the Davos 2019 World Economic Forum, where PayPal’s co-founder, Luke Nosek praised Bitcoin and other crypto projects for "taking their time, making sure to build the right thing, before...pushing for adoption."

Read more: PayPal aimed to make its own crypto, says co-founder

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Add a comment

and now coinbase is going to scam all europe
07 Feb, 2019 - 21:15
It is very funny, but true. Coinbase forgot about its mission and now earns money on all it can
08 Feb, 2019 - 07:52
Recently CB has joined all Asian market. I am sure that Coinbase will deceive Asians too
10 Feb, 2019 - 09:59
Coinbase is a scam around the world. I don't know how people can use this fuc*ing exchange.
12 Feb, 2019 - 09:50
paypal's goind to become as shit as coinbase is I guess
07 Feb, 2019 - 22:18
Probably yes but how soon it will be? I think during a year
11 Feb, 2019 - 21:50
the money gonna stuck with coinbase and pAYPALL together
08 Feb, 2019 - 06:19
if only there would not be so many withdrawals issues at coinbase then this update would be positive. however i can imagine which delays I have to experience to withdraw with PayPal
08 Feb, 2019 - 08:51
there are delays only. transactions are stuck on the system.
coinbase can`t care about it
09 Feb, 2019 - 03:12
Coinbase doesn't care about withdrawal delays. The main thing is a HYPE since partnering with PayPal is awesome (SARCASM FACE!)
09 Feb, 2019 - 10:15
Withdrawals from Coinbase are doing so long but now It will be like withdrawing funds from Poloniex. Within 24 hours at least.
Waiting for disaster
12 Feb, 2019 - 22:04
absolutely agree. since i started my account at coinbase in 2015 I still face problem of withdrawal delays and this is actually makes trading process much harder for me
15 Feb, 2019 - 07:42
PayPal has experienced so many issues lately that it`s going to be a nightmare taken together with Coinbase.
08 Feb, 2019 - 18:23
Hah, nice try coinbase. But this is not the right kind of expansion. This is not how you get eropean users. Plus who uses paypal these days, really.
09 Feb, 2019 - 07:42
buggy coinbase + buggy paypal = lost money
10 Feb, 2019 - 02:15
We already lost a lot of our funds with coinbase. Don`t you think so?
12 Feb, 2019 - 10:46
in such way coinbase will scam all the crypto market .. i don't like that
10 Feb, 2019 - 20:58
bad perspective for paypal after such cooperation with coinbase
11 Feb, 2019 - 14:49
it's not good if European union become a scam thanks to coinbase
11 Feb, 2019 - 15:19
coinbase is not a good place for trading and especially for cooperation
11 Feb, 2019 - 15:49
poor europe if coinbase scam it .. that's not gonna happen
11 Feb, 2019 - 17:12
I wonder if Coinbase can steal personal data of users who use PayPal? I think coinbase can do that.
11 Feb, 2019 - 18:27
coinbase allows people to believe that it's not a scam but it's scam
11 Feb, 2019 - 20:52
not sure that's good idea for paypal to be connected with coinbase
11 Feb, 2019 - 22:13
it's very risky for european customers to work with coinbase
12 Feb, 2019 - 16:16
coinbase doesn't care about its customers but provides new ways of stealing money of new users
12 Feb, 2019 - 16:59
I think PayPal made a mistake by starting a partnership with Coinbase. One more scam from Coinbase and Paypal will get a bad name by losing its users.
12 Feb, 2019 - 20:06
but paypal is a trash, why does coinbase partner with it??
13 Feb, 2019 - 12:37
Congratulation Europe you win a prise - COINBASE SCAM!
13 Feb, 2019 - 19:55
i will be very happy to withdraw to paypal however i am sure that this method would cause also long weekly delays that are normal at coinbase
14 Feb, 2019 - 10:28
dunno why does coinbase choose so lame partners
14 Feb, 2019 - 19:59
The Coinbase scam welcome to Europe!
16 Feb, 2019 - 23:58

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