Coinbase just made it easier than ever to buy cryptocurrency — here's how

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Coinbase just made information technology easier than e'er to buy cryptocurrency — here's how

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Ane of the about bewildering things about the dauntless new globe of cryptocurrency is how you actually buy information technology, simply Coinbase has merely fabricated it a lot simpler cheers to a tie-in with PayPal.

As revealed in a weblog postal service, Coinbase volition now offer its many millions of users the ability to purchase Bitcoin, Ethereum and other cryptocurrencies directly in the app, using a linked PayPal account.

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As the mail explains, users with an existing PayPal account will be able to brand transactions via the new method immediately. Plus, there'll be no demand to add bank details to Coinbase: it'll all be handled via PayPal.

The process sounds seamless: to showtime, you simply select the crypto you want to buy, tap on payment method so choose PayPal under the "Add a payment method" option.

(Paradigm credit: Coinbase)

After logging in with your PayPal account — which must be registered to the aforementioned email as the one you employ with Coinbase, or you'll have to go through ii-cistron authentication — you tin select or add together a debit card or bank business relationship.

The new payment method will allow for purchases of upward to $25,000 a solar day with your PayPal business relationship, but information technology just currently applies to customers in the U.S.; Coinbase says it will be rolled out to other countries "in the coming months."

PayPal already gives users the ability to purchase crypto in its own app, only the choices are currently express to Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Coinbase, meanwhile, is 1 of the biggest crypto trading apps, with some 56 million users. In fact, earlier this month it became the second about popular app in the Apple tree App Store, behind its crypto rival Robinhood.

Its popularity has soared forth with that of many of the cryptocurrencies its users trade: for example, Ethereum recently reached its highest ever value of $two,800.

• More than: Everything you need to know about the Robinhood app

Every bit U.Thousand. Editor in Chief on Tom's Guide, Marc is responsible for the site'due south U.K.-focused output as well equally overseeing all gaming, streaming, sound, TV, amusement, how-to and cameras coverage. He previously edited the tech website Stuff and has tested and written about phones, tablets, wearables, streaming boxes, smart domicile devices, Bluetooth speakers, games and much more. He also spent years on a music magazine, where his duties mainly involved spoiling other people's fun, and on a car mag. An gorging photographer, Marc likes nothing improve than taking pictures of very small-scale things (bugs, his daughters) or very big things (distant galaxies). When he gets fourth dimension, he also enjoys gaming (console and mobile), cycling and attempting to sentry as much sport every bit whatsoever human tin can (particularly cricket).

Source: https://www.tomsguide.com/news/coinbase-just-made-it-easier-than-ever-to-buy-cryptocurrency-heres-how

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