After the announcement that US members could add their PayPal account to Coinbase and withdraw the dollar balance to the famous processor, now European members can also do it with no fees!
Despite my will of never get back to PayPal, I accept that it still is a very used processor and easy to work with for many countries.
Have you tried to use this integration to withdraw from Coinbase to PayPal?
Despite my will of never get back to PayPal, I accept that it still is a very used processor and easy to work with for many countries.
Have you tried to use this integration to withdraw from Coinbase to PayPal?
I wouldn't go back to using coinbase simply because they've expanded their no fee paypal withdrawals to European users, even if I lived in the permitted regions.
There are simply too many cons that outweigh the pros of using Coinbase. I recall their customer support being absolutely horrendous during 2017. A lot of people had issues with coinbase, and never received an on time response from them despite promises from Brian Armstrong himself to work on that field. Instead, they invested their time and energy into developing new features, as opposed to maintaining and satisfying their existing customer base.
Also, you're running the risk of getting your account suspended, or funds held/frozen. Coinbase has a track record of doing so with any suspected accounts, with or without proof. Add that to the fact that coinbase's rates and fees mean that the actual rate you get is most likely not going to be good at all.
While fee-free paypal withdrawals can't hurt, I think everyone knows the reputation of paypal as a payment processor especially within the crypto field. Most likely only a low percentage of crypto users use Paypal actively.
