Coinbase Adds Zero-Fee Cryptocurrency Withdrawals and Sells Through PayPal

In a discreet addition to Coinbase, the company has integrated PayPal for crypto to fiat withdrawals and sells. Coinbase customers can now use the feature to withdraw fiat directly into a PayPal account.

In another customer-focused move, Coinbase has added a new layer of functionality to its service: PayPal support. The new feature makes cashing-out on Coinbase easier than before, removing the need to use a traditional bank. This feature does require users to verify their identity and country of residence.

However, the new option is not available everywhere. According to Coinbase FAQ, the service is only available in select countries.

CryptoSlate reached out to Coinbase hoping to clarify which countries are supported. Coinbase chose not to comment.

Ramifications

The added ease of selling cryptocurrency will likely contribute to greater consumer ease in the day-to-day use of cryptocurrency. Having reliable exchanges that offer trustworthy crypto to fiat services is critical to adoption.

That said, there are some concerns over the new feature as well. The additional layers of regulation, control, and personal disclosure counter some of the libertarian ethos of cryptocurrency. There are still purists who argue that the use of crypto must remain laissez-faire, without the interference of corporations such as Coinbase.

Nonetheless, strides in making the user experience easier for cryptocurrency will accelerate its adoption into the mainstream.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

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Mitchell Moos

Mitchell is a software enthusiast and entrepreneur. In addition to writing, he runs a non-profit that teaches people about the blockchain. In his spare time he loves playing chess or hiking.

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