Earlier this week, San Francisco-based Coinbase announced plans to reveal an announcement a day for the 12 days leading up to the holidays.
Starting today, all Coinbase customers in the U.S. can instantly withdraw Coinbase cash balances to PayPal for no fee.
— Coinbase (@coinbase) December 14, 2018
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.
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.