Coinbase adds support for PayPal and Credit Cards
One of our objectives at Coinbase is to add as many funding mechanisms as possible to make exchanging digital currency easy. As a step in that direction, Coinbase now accepts PayPal (for bitcoin sells) and credit cards (for bitcoin buys).
Thousands of Coinbase users use PayPal for their fiat currency transactions around the world. Through this integration, Coinbase users are now able to sell BTC and have their USD funds deposited to a PayPal wallet. To start, we’re offering PayPal cash-out for US users only. In the future, we hope to add support for other countries, and to support buys through PayPal as well.
As you may recall, we launched debit card buys a few months ago. With the addition of credit card support, we are getting closer to a world where customers can purchase bitcoin with any card in their wallet.
Both services are currently in beta. We’ll invite more users to each service over the next few weeks, and we’ll be expanding to more countries in the coming months.