Keep reading to learn more. The process is relatively straightforward and involves several steps. First, you need to log in to your Coinbase account and connect it to PayPal. You can then withdraw funds easily. If the PayPal transaction is a one-time thing, disconnecting your PayPal account from Coinbase only takes a few clicks. The platform requires you to submit ID information, so follow the instructions closely. The platform uses this information to ensure your transactions are successful. The Coinbase web page will then redirect you to the PayPal site.
Use your PayPal credentials to log in to your account. You can also access the Coinbase website on your mobile device. The PayPal website will appear in a new window. Enter your PayPal credentials to access your account.
Note that you can only link your PayPal account to one Coinbase profile. It only takes a few minutes and is a standard safety measure. Moreover, the country or region set on your PayPal account must match the location selected on Coinbase. Exchanging currencies is an essential part of this step since Coinbase currently only allows users to deposit fiat currencies into their accounts. Select the amount of crypto you want to transfer and move it to your wallet on Coinbase.
Note that the platform will charge you a transaction fee for the conversion. Wait a few moments for Coinbase to complete the transaction. Depending on how many withdrawal requests Coinbase is handling, it may take the funds a few business days to reach your PayPal account. The platform charges a 3. PayPal does not own or control the cryptocurrency networks, and PayPal makes no guarantee that an external Crypto Asset transfer will be confirmed by the network.
You will be charged a network fee in order to send Crypto Assets to an external digital wallet. If the amount of Crypto Assets in your Cryptocurrencies Hub is less than the applicable network fee, you will not be able to transfer your Crypto Assets. Information on network fees can be found in the Information on Fees and Pricing section below.
Receiving Crypto Assets You can use your Cryptocurrencies Hub to receive Crypto Assets from another digital asset wallet you control, or from any other person you know. You cannot access any Crypto Assets that PayPal does not support. If you attempt to receive any Crypto Assets that PayPal does not support, they will be irretrievably lost and PayPal is not responsible or liable to you for any losses or damages that arise.
Other PayPal users can send you Crypto Assets using your username, phone number or email address. In order to receive Crypto Assets from an external digital asset wallet, the sender will need to use your wallet address for the type of Crypto Asset being sent to you.
You have different wallet addresses for each type of Crypto Asset. You can get your wallet address for each type of Crypto Asset from your Cryptocurrencies Hub. For example, if you are receiving Bitcoin, you must use the wallet address designated for Bitcoin—you cannot use the wallet address designated for Bitcoin Cash, Ethereum or any other Crypto Asset.
Using the wrong wallet address will result in the transmitted Crypto Asset being irretrievably lost. PayPal is not responsible for losses or other damages resulting from the use of the wrong wallet address. When you or another person sends Crypto Assets to your Cryptocurrencies Hub from an external cryptocurrency wallet, the person sending the Crypto Assets is solely responsible for properly executing the transfer on the cryptocurrency network. For example, the person sending the Crypto Assets must enter the correct destination wallet address and pay a sufficient network fee so that the transaction will be successfully recorded.
If the sender does not pay a high enough network fee, the transfer may be delayed or may not be confirmed. PayPal does not own or control the cryptocurrency network and will not treat a transfer of Crypto Assets as complete until the transfer is confirmed by the network. PayPal cannot help you to address any delay or loss as the result of the sender paying an insufficient fee or the transfer otherwise not being confirmed by the network.
You can read more information on network confirmations, and the number of confirmations required in order for PayPal to reflect a transaction as complete in our educational content and help center. PayPal will review Crypto Assets sent to you, including for risk holds, sanctions screening, and other compliance and risk considerations. Crypto Assets credited to your Cryptocurrencies Hub can still become subject to subsequent holds or claims, including holds that limit your ability to transfer or sell Crypto Assets, or transfer or withdraw the proceeds from the sale of the Crypto Assets.
PayPal will charge a spread or margin between the market price we receive from our trading Service Provider and the exchange rate between USD and Crypto Assets displayed to you. The amount that PayPal makes and the exchange rate provided may be different than what you would pay on other cryptocurrency platforms. You will also be charged a fee when you buy or sell Crypto Assets.
At the time you buy or sell Crypto Assets, we will disclose to you the applicable exchange rate and the amount of fees that you will be charged for that transaction. The exchange rate may include an estimated spread of one-half of one percent 0. We will not separately calculate or disclose the spread we earn on each transaction. The preceding fees do not apply to transfers of Crypto Assets, but you will be charged a fee for transfers of Crypto Assets, which is designed to cover the cost of network fees.
We will disclose this fee to you before your transfer. Cryptocurrency networks need fees in order to process transfers of Crypto Assets that are broadcast to the network. The fee we will charge you is our estimate of the fee the network will take to process your transfer. The fee that you will pay to us may be higher or lower than the actual fee paid to the network, based on market conditions. If the actual network fee is lower, PayPal or its Service Provider will retain the difference.
By using your Cryptocurrencies Hub, you agree to pay all applicable exchange rates including spread and fees. If you use a linked bank account or debit card as a funding source to buy Crypto Assets, your bank may charge you its own fees, including overdraft fees or insufficient fund fees, if applicable. PayPal is not responsible for any fees that may be charged to you by your bank.
As noted above, if you Checkout with Crypto to pay for a purchase in a foreign currency, we also will earn money on the currency conversion from U. We also reserve the right to not process, to cancel or, to the extent possible, to reverse a transaction, if i we believe that the transaction relates to any Restricted Activities , ii we have placed a hold or limitation on your PayPal account including your Balance Account , iii we have suspended your Cryptocurrencies Hub, iv we believe the transaction involves money laundering, terrorist financing, fraud or any other type of crime, v in response to a subpoena, court order, or other government order or vi we believe, in our sole discretion, processing the transaction would expose PayPal, our service providers, or other PayPal users to excessive risk.
In such instances, regardless of the reason we have blocked, cancelled or reversed your transaction and regardless of the reason we have lifted or reversed that restriction, we do not guarantee you will be able to reinitiate your transaction at the same price or on the same terms as the transaction that we did not process, or that was cancelled or reversed. Risk Disclosures While we will try to complete purchases, sales and transfers of Crypto Assets that you authorize and that comply with these Cryptocurrency Terms, we do not guarantee your ability to buy, sell or transfer Crypto Assets.
Your ability to buy, sell or transfer Crypto Assets may be delayed or unavailable due to the availability of the Crypto Asset or funds from your funding source, issues with the trading network or our ability to interface with our Service Provider s , system downtime, limitations or suspensions we impose on your Cryptocurrencies Hub in our sole discretion, for required safety, security, or legal reasons, or for other reasons outside PayPal's or any Service Provider's control, and we are not liable to you if we are unable or delayed in executing your transactions.
Your access to the Cryptocurrencies Hub or your ability to hold, buy, sell or transfer Crypto Assets, including the price for buying, selling and transferring can also change or be limited by extraordinary circumstances outside our control for example, fire, flood, accident, riots, war, terrorist act, epidemic, pandemic, quarantine, civil commotion, breakdown of communication facilities, breakdown of web host, breakdown of internet service provider, natural catastrophes, governmental acts or omissions, changes in laws or regulations, national strikes, fire, explosion, generalized lack of availability of raw materials or energy, or extreme financial market conditions , which we either did not reasonably foresee or that happened despite our reasonable precautions "Extraordinary Circumstances".
PayPal will not be liable to you for limits, suspension, delay, or change to your Cryptocurrencies Hub or your inability to transact in Crypto Assets because of Extraordinary Circumstances, including any changes in the buy or sell price of Crypto Assets because of Extraordinary Circumstances. A Liquidity Provider may in turn buy and sell cryptocurrency through an affiliated cryptocurrency exchange, provided, however, that a the Liquidity Provider trading will always be designed to be revenue-neutral over the long term i.
Cryptocurrency assets in a given address are controlled by the private key of the holder of the address. If the private key is compromised or lost, the cryptocurrency assets in that address may be stolen or lost and otherwise unrecoverable. Cryptocurrency activity is not a regulated activity in many states, including California. The value of Crypto Assets can be extremely volatile and unpredictable, which can result in significant losses in a short time.
The educational information available through your Cryptocurrencies Hub is provided as general educational background. The information is not tailored to individual PayPal users and therefore, is not provided based on your individual financial, investment, tax, legal or educational needs and circumstances.
The information is not investment, financial, tax, legal or trading advice. The information may include content provided by third parties; we take no responsibility for third-party educational materials. Within the Cryptocurrencies Hub you will also find information on the market price of the Crypto Assets based on the data shared with us by our trading Service Provider. The market price for Crypto Assets may be different on different marketplaces.
The market data that we provide to you is from an external source that we believe to be reliable. However, we do not control the external sources or the data they provide, and we do not always independently verify that the information provided is complete and accurate. Therefore, we cannot and do not guarantee that the information is accurate, complete, timely, or suitable for use, and it may be inaccurate, incomplete or out of date. You should verify all information that you receive before relying upon it, and we have no liability to you if you make decisions based on the market information that you receive from or through us.
PayPal shall have no liability and specifically disclaims all warranties, express or implied, for any market data or educational content on the Cryptocurrencies Hub, or any use thereof. No Investment or Tax Advice Neither PayPal nor its service providers including, without limitation, the Service Provider s provide investment or tax advice to you.
You are solely responsible for all decisions to buy, sell or transfer Crypto Assets through your Cryptocurrencies Hub, including understanding any tax obligations that you may incur. We do not manage your Cryptocurrencies Hub on your behalf.
Our sole responsibility is to execute transactions and hold Crypto Assets on your behalf through our Service Provider, in all cases based on your instructions and these Cryptocurrency Terms. While PayPal may make certain educational content available, it is provided for general background information only and is not specifically tailored to you and your individual needs and circumstances and should not be construed as a recommendation.
You must determine if any particular purchase or sale of Crypto Assets is appropriate for you, based on your own investment objectives, financial circumstances and risk tolerance, and make your own, independent transaction decisions. Crypto Asset Software Protocols and Forks The technology that creates cryptocurrency, including your Crypto Assets, is typically governed by underlying software protocols that are open source, which means that anyone can use, copy, modify or distribute them.
PayPal does not currently own or control the underlying software protocols and these software protocols can change suddenly and unexpectedly in a way that has a significant impact on your Crypto Assets. Because we don't control this technology, PayPal is not responsible for the operation of the underlying software protocols and cannot guarantee the continued functionality, security or availability of any Crypto Asset.
Without assuming any responsibility, PayPal, however, will only support those assets for which PayPal has performed the necessary due diligence. Software protocols governing a Crypto Asset can experience sudden changes in operating rules that are outside PayPal's control, called "forks. A fork may result in multiple versions of a Crypto Asset, and each version could have a very different, and possibly lower, value than your Crypto Asset before the fork. PayPal may or may not support the fork of a Crypto Asset, whether or not the forked Crypto Asset holds any value.
In the event of a fork, PayPal may temporarily suspend trading of Crypto Assets in order to determine whether or not it will support any particular fork. This evaluation will take into account factors such as, but not limited to, the technical issues around supporting a fork, Service Provider dependencies, and legal and regulatory considerations. If PayPal supports the fork of a Crypto Asset, and the fork is followed by an airdrop of new cryptocurrency that is credited to your PayPal account, your receipt of that cryptocurrency will generally be taxable.
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