When PayPal first announced the move, CEO Dan Schulman said the company hoped it would encourage global uptake of the technology. By the end of this year, that's something Venmo users will be able to do as well. More recently, it's gone on to enable people to check out with digital currencies as well. Last fall, the company started allowing people to buy and sell Bitcoin, Litecoin, Ethereum and Bitcoin Cash. One other thing to keep in mind is that you must fund purchases with your debit card or money directly from your bank account.įor PayPal, this is just the latest example of its recent embrace of cryptocurrency. Once you link the two accounts, you can spend up to $25,000 per day, so plan to set aside time across multiple days to buy a single Bitcoin. Otherwise, you'll need to make your way through PayPal's two-factor authentication interface.
Provided you signed up with the same email for both Coinbase and PayPal, you'll be more or less good to go. To link your PayPal account to Coinbase, look for the "Add a payment method" option when you're buying a cryptocurrency within the app. Note: Your Coinbase wallet does not give Koinly access to your transactions on Coinbase Pro (GDAX) and vice versa so you must always add both. Create a new API key on Coinbase Pro and enter the api key/secret and passphrase into Koinly. With today's update, Coinbase says you can fund your purchases "instantly." It also means there's one less platform with your debit and bank account information. Once your Coinbase wallet has been added, go back to the Add Wallets page and select Coinbase Pro. Previously, funding those purchases often meant using a debit card or a more time-consuming method like a wire transfer. Starting today, PayPal users in the US can link their accounts to Coinbase to make it easier to buy digital currencies like Bitcoin, Ethereum and Litecoin. In case you needed a sign cryptocurrency has gone mainstream, here it is.
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