Coinbase is one of the most popular Cryptocurrency exchange platforms in recent times. It features high security, a user-friendly interface and numerous payment options that grab the attention of crypto traders worldwide. Like other crypto exchanges, Coinbase allows users to purchase, sell and store digital currencies. Many wonder how to withdraw from CoinBase to PayPal, the leading online payment platform.
Recently, PayPal released the most interesting feature supporting Cryptocurrency. The user can sell and buy the digital coin within PayPal. But they cannot send the crypto to the external wallet. Coinbase allows users to link their PayPal accounts to Coinbase, a platform that crypto enthusiasts widely use. This article will provide a step-by-step guide to withdraw from CoinBase to PayPal. It allows you to convert crypto into fiat currency and access money without a hassle.
Steps To Withdraw From CoinbaseTo PayPal
If you must successfully withdraw crypto from Coinbase to PayPal, you should check whether or not both accounts are linked. Transferring from Coinbase to PayPal is easy which involves several steps. Let’s see clear guidelines for withdrawing to PayPal from Coinbase.
Step:-1 Setting up a Coinbase Account
You should have a Coinbase account to start the withdrawal process. If you don’t have a coinbase account, visit the Coinbase website and create a new account. It is essential to submit essential documents to verify identity. You can choose the right location, and Coinbase uses these details to ensure the transaction succeeds. If the Coinbase account has been created, you can access the platform’s functionality effortlessly.
Step:-2 Verify PayPal Account
After creating a Coinbase account, you should verify the PayPal account to transfer funds easily. Those who don’t have a PayPal account should visit the PayPal site and create an account. Follow the guidelines to link the bank account to verify the PayPal account, which makes the withdrawal process seamless.+
Step:-3 Connect Coinbase To PayPal
Now, you can add Coinbase to your PayPal account to transfer funds. Here are some steps to follow:
- Log in to the Coinbase account and go to the setting section. Click on the Linked Accounts option and pick PayPal from the list of services.
- Coinbase will redirect the user to the PayPal site. Sign-up for a PayPal account with a username and password
- Hit the agree button to authorize the Coinbase platform to use the PayPal account.
Note: only one PayPal account will like one Coinbase Profile. You cannot purchase the digital coin with a PayPal account linked to the business card, Prepaid credit and others.
Step:-4 Withdraw To PayPal From Coinbase
You can start withdrawing once you successfully link the PayPal and Coinbase accounts. Exchanging the digital coin is an important part of the process. At present, Coinbase enables people to deposit fiat money into their accounts. Follow the below-given steps to withdraw funds to the PayPal account:
- Sign-up for the Coinbase account and navigate to the accounts section.
- Click on the buy or sell option and choose sell from
- Then, choose the cryptocurrency wallet from which you desire to withdraw money.
- Select the deposit to option and tab the PayPal account
- Enter the amount of digital currency you should transfer to your coinbase wallet.
- Check the transaction details are right and click on confirm sell option
- Wait for a few minutes to complete the transaction.
- Select the Withdraw option and click on Withdraw to PayPal option.
- Enter how much you desire to withdraw and the receiver address.
- Hit on the continue option and finish the transaction.
By following these steps, you can effortlessly withdraw from Coinbase to PayPal. Double-check all details before transferring funds, which reduces the risk of financial loss.
Confirmation And Withdrawal Times
After the withdrawal, Coinbase will send the confirmation email to the registered email address. You can open the email and hit the confirmation link to confirm the transfer. The withdrawal times might differ based on other factors like network congestion. Sometimes the funds transfer instantly, while others may take a few hours or weeks.
Withdrawal limits And Fees
Before starting the withdrawal process, You should consider transaction limits and fees that help you to make an informed decision. You can select the instant transfer option if you need to access your funds quickly. Checking the Coinbase and PayPal fee structures before withdrawing funds is essential. On the other hand, you must pay attention to withdrawal limits imposed by Coinbase.
Withdrawing from a Coinbase account to PayPal account makes it easier to convert cryptocurrencies into fiat currency and access your funds. The steps mentioned above help you withdraw from CoinBase to PayPal successfully and enjoy the convenience of using PayPal for online transactions. It is important to double-check your details to avoid fund losses and be patient during the withdrawal process.