5th Day of Coinbase: Instant PayPal Withdrawals for US Investors


Earlier this week, San Francisco-based Coinbase announced plans to reveal an announcement a day for the 12 days leading up to the holidays.

For the fifth day of announcements, Coinbase has revealed that all US customers can now instantly withdraw cash balances from Coinbase to PayPal (PYPL).

According to the announcement, there are no fees associated with direct PayPal withdrawals, offering a much faster alternative to ACH or wire transfers, which often take more than 2-3 business days.

To get started, US-based Coinbase users simply need to link their PayPal accounts to their Coinbase accounts and select the PayPal account as a payment option when withdrawing cash or selling digital currencies.

This news comes a day after Coinbase released a new Watchlist feature, which allows users to fully customize their Coinbase dashboard.

More: Instant PayPal withdrawals now available for all U.S. customers

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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