Transferring from Coinbase to PayPal is pretty simple.
Transferring funds from Coinbase to PayPal has become quite simple after the leading cryptocurrency exchange expanded its services to add support for payments giant PayPal.
With Coinbase continuing to innovate, adding new Coinbase listings and its Coinbase Earn quizzes, these new forms of transfers come as no surprise. Users can use the PayPal app to withdraw funds from their Coinbase accounts in a simple and hassle-free manner.
Furthermore, the withdrawal process is seemingly quick and users can move their funds from Coinbase to PayPal in an instant. Now let’s delve into how users can withdraw their funds from Coinbase and transfer them to their PayPal accounts.
HOW TO WITHDRAW FROM COINBASE TO PAYPAL
To withdraw their funds from their Coinbase account, users must follow the steps below:
Log into your Coinbase account and connect your PayPal wallet.
Users will have to convert their crypto to fiat first to send funds to PayPal. For this, users will first need to access the exchange services on Coinbase.
Click on the Buy/Sell option on the Coinbase dashboard and choose Sell.
Select the wallet you will use to send the .funds.
Click on the deposit option and select PayPal
Enter the desired crypto amount and send it to your EUR or USD compatible wallet on Coinbase (Note: a conversion fee will be charged for this transaction).
Verify the details and click on the Confirm Sale option.
Once the transaction is confirmed, go to the EUR/USD wallet and click on Withdraw.
Select the amount you wish to withdraw to PayPal and press confirm.
Confirm the transaction and check your PayPal to see if the funds have been received or not.
COINBASE TO PAYPAL WITHDRAWAL FEE
Coinbase users in the United States can access instant transfers that will move their funds to their PayPal immediately, however, they will be required to pay a fee of 3.75% of the total transaction amount.
In addition, the conversion fee that applies to transactions that require conversion prior to moving funds to PayPal accounts is charged at a rate of 5%.
In simpler terms, a user must pay the 5% conversion fee to convert their crypto into fiat before moving funds to their respective PayPal accounts.
For more details on Coinbase’s fees, visit their full breakdown page.