Coinbase has partnered with Paypal - Officially!

Yakamoto

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Quote from: Shiroslullaby on October 09, 2016, 08:39:07 PM

If you aren't willing to use PayPal, what other methods are there to get your money from Coinbase?
It seems like a very easy platform to buy and sell coins,
but is there any way to actually get the money from your Coinbase account into a bank or fiat currency?

I don't know if there are other methods anymore to be honest, now that Coinbase has effectively shut down their Canadian dollar wallets. It's been a few months at least since that happened and I remember that they would do bank transfers (I think), but I don't know how many more options there were beyond that. That's all I personally remember, and I don't think I ever used it.

Barbut

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Quote from: Zadicar on October 09, 2016, 11:03:28 PM

Quote from: QuestionAuthority on October 09, 2016, 10:02:18 AM

Jesus Christ, they did not partner with PayPal! Anyone can open an account. It fucking really easy, here's how you do it.

Go to the PayPal website and click Sign Up at the top of the page.
Select your country.
Enter your email address and choose a password.
Click Continue.
Fill out the form and enter the CAPTCHA.
Confirm that you've read the PayPal User Agreement and click Agree and Create Account.

Anyone can send anyone money using PayPal. You don't need to "partner" with them. You don't need to suck their dicks. You don't need a marriage license. This thread is not news, it just means Coinbase opened a PayPal account. Yippee, as soon as PayPal snaps to what they're doing with their PayPal account or the government threatens PayPal they will probably get their account closed.

Oh, if they're sending you money using PayPal they can snatch it back at any time. If you use PayPal at all you're a fool.

You are correct bro, coinbase just opened a paypal account not actually that they merge on their services and paypal would not do these thing after all because in my own opinion bitcoin would be a big competitor on paypals services. Thats why im not using paypal anymore because of some cash back scenarios.

Cash back scenario is one of the reasons why I didn't open PayPal, and probably I never will. That is service and scenario where coinbase have opened PayPal account and you can sell bitcoins for PayPal is not a partnership.
I don't know about governments law about that, and PayPal policy, but there is chance PayPal to turn off their account if they think coinbase is doing something illegal.
Personally I don't use them PayPal, and I don't use coinbase, this is probably just some marketing trick to attract new people.

Zadicar

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Quote from: QuestionAuthority on October 09, 2016, 10:02:18 AM

Jesus Christ, they did not partner with PayPal! Anyone can open an account. It fucking really easy, here's how you do it.

Go to the PayPal website and click Sign Up at the top of the page.
Select your country.
Enter your email address and choose a password.
Click Continue.
Fill out the form and enter the CAPTCHA.
Confirm that you've read the PayPal User Agreement and click Agree and Create Account.

Anyone can send anyone money using PayPal. You don't need to "partner" with them. You don't need to suck their dicks. You don't need a marriage license. This thread is not news, it just means Coinbase opened a PayPal account. Yippee, as soon as PayPal snaps to what they're doing with their PayPal account or the government threatens PayPal they will probably get their account closed.

Oh, if they're sending you money using PayPal they can snatch it back at any time. If you use PayPal at all you're a fool.

You are correct bro, coinbase just opened a paypal account not actually that they merge on their services and paypal would not do these thing after all because in my own opinion bitcoin would be a big competitor on paypals services. Thats why im not using paypal anymore because of some cash back scenarios.

Shiroslullaby

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If you aren't willing to use PayPal, what other methods are there to get your money from Coinbase?
It seems like a very easy platform to buy and sell coins,
but is there any way to actually get the money from your Coinbase account into a bank or fiat currency?

boyptc

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Quote from: SAMKUSH on October 09, 2016, 10:10:31 AM

I think that this is good because I receive alot of my income through PayPal, I usually end up paying higher prices to convert paypal to bitcoin. If I can buy paypal with bitcoin at the market price one day it will save me a huge amount of money.

Well for me this is not good because we all know that paypal is charging high fees and I think they are going to another transaction fees if we are going to have transactions with the use of their website. But on the other hand, I think this is going to be a good way to promote bitcoins for paypal users, and this is going to add the usage of bitcoin and demand.

bestluck

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Quote from: SAMKUSH on October 09, 2016, 10:10:31 AM

I think that this is good because I receive alot of my income through PayPal, I usually end up paying higher prices to convert paypal to bitcoin. If I can buy paypal with bitcoin at the market price one day it will save me a huge amount of money.

I also have some money in my paypal account from some months which I cannot convert to bitcoin because of high price I will like that paypal will also adopt the feature of bitcoin as like other payment processors are doing so that we directly deposit and withdraw bitcoins in paypal.

SAMKUSH

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I think that this is good because I receive alot of my income through PayPal, I usually end up paying higher prices to convert paypal to bitcoin. If I can buy paypal with bitcoin at the market price one day it will save me a huge amount of money.

QuestionAuthority

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Jesus Christ, they did not partner with PayPal! Anyone can open an account. It fucking really easy, here's how you do it.

Go to the PayPal website and click Sign Up at the top of the page.
Select your country.
Enter your email address and choose a password.
Click Continue.
Fill out the form and enter the CAPTCHA.
Confirm that you've read the PayPal User Agreement and click Agree and Create Account.

Anyone can send anyone money using PayPal. You don't need to "partner" with them. You don't need to suck their dicks. You don't need a marriage license. This thread is not news, it just means Coinbase opened a PayPal account. Yippee, as soon as PayPal snaps to what they're doing with their PayPal account or the government threatens PayPal they will probably get their account closed.

Oh, if they're sending you money using PayPal they can snatch it back at any time. If you use PayPal at all you're a fool.

blackmachinegun

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Quote from: Doamader on August 15, 2016, 06:11:31 AM

I dont know till how safe is cashout your bitcoins from coinbase to paypal, as paypal can easy frozen the funds and start a war with costumers and coinbase, but i belive they are aproaching the crypto, they hired the ceo of xapo, soo something is coming to crypto world, atleast is expected.

I think paypal is not going to freeze without a reason, of course, if they want to place a hold on an account they must have a good reason and clear, that occurred to me was that I was scared when illegal funds from paypal then transfer to bitcoin uses cooperation Coinbase and paypal

jonahmarieaton101

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Well that's good to hear. It help bitcoins users a lot for this. But we will see the things if it is good that coinbase to be partner with paypal.

Did you try to cash out your bitcoins using coinbase to paypal?

th3nolo

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excellent I don't know you could withdraw your funds directly to paypal from bitcoin, Although it is a pity that so few countries work with Coinbase,hope this will change in the future to make my changes without the fear of lost my money.

Nameless Coin

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Finally paypal is into crypto. It took a long time but we are there. I just hope this door opens a lot of more doors.
Many exchanges should partner up with papyal so bitcoin becomes the true only currency.

bhadz

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This is going to be a good news, I guess paypal is going to have service that they are the one that is going to convert bitcoins into dollar and it is going to make them another reputable exchange site. But I hope they are not going to apply their greediness in bitcoin because if that happens for sure they are going to be on the bottom list of bitcoin users.

boyptc

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Quote from: Vinz24 on October 02, 2016, 08:02:50 AM

This is a great news for both Paypal and bitcoin users. I just hope you can buy bitcoin using paypal. And I'll wait to be effective this worldwide. I have a paypal fund and I want to be convert it to bitcoin. This is more convinient if it done.

Yeah this is a great news even though I am seeing some disadvantages because of Paypal, so I am just looking upon its advantages and this is going to be a good move for the companies that are using paypal they are going to have a chance of using bitcoins and seeing how fast and convenient bitcoins with its services.

xdrpx

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That news is 'OK'. Both coinbase and Paypal resemble companies that are extremely controlled and regulated by Government policies, this is one reason PayPal found it easy to partner with coinbase as illegal accounts trading illegal transactions are often frozen or blocked. I don't find it much of an use cause now this depends on what type of paypal accounts can I be able to withdraw my Bitcoin funds to and if there are limits.

Vinz24

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This is a great news for both Paypal and bitcoin users. I just hope you can buy bitcoin using paypal. And I'll wait to be effective this worldwide. I have a paypal fund and I want to be convert it to bitcoin. This is more convinient if it done.

clickerz

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Quote from: croutonhexagon on October 02, 2016, 04:34:59 AM

I think bitcoin is gaining so much potential that many gaints and start up companies had started to adopt bitcoin as a money transfer system along with traditional bank and wallet system it's a plus point for us that we can use either of the system for payment

Thats true, more and more companies are utilizing bitcoin as payment. They are integrating to thier site, and within a few years we can say that bitcoin is becoming popular as a mode of payment in internet. There are still market potential for bitcoin.

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Quote from: TastyChillySauce00 on August 15, 2016, 06:14:42 AM

Quote from: Doamader on August 15, 2016, 06:11:31 AM

I dont know till how safe is cashout your bitcoins from coinbase to paypal, as paypal can easy frozen the funds and start a war with costumers and coinbase, but i belive they are aproaching the crypto, they hired the ceo of xapo, soo something is coming to crypto world, atleast is expected.

if they'd already make a cooperation ,your funds will not going to be freeze,it's not breaking paypal's rules so it will went smooth
but i heard that paypal banning any transaction which have relation to any cryptocurrency so yeah,it's confuse me a bit

it is all about the money and it has always been about money.

before when you used paypal to receive money from selling your bitcoins they blocked you because it had no real profit for them and they didn't want to see bitcoin grow and also there are so many scams happening this way with charge back so they wanted to prevent this.

now surely they are charging lots of fees for this withdrawal only from coinbase so it is a win-win situation which is going to make them more money.

croutonhexagon

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I think bitcoin is gaining so much potential that many gaints and start up companies had started to adopt bitcoin as a money transfer system along with traditional bank and wallet system it's a plus point for us that we can use either of the system for payment

nindie

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coinbase not support deposit with paypal
coinbase only support withdraw with paypal

i think not partnership company to company, only coinbase exchanger supporr withdraw paypal

Topic: Coinbase has partnered with Paypal - Officially! (Read 8737 times)