sludgefeed.com
Earlier this week, San Francisco-based Coinbase announced plans to reveal an announcement a day for the 12 days leading up to the holidays.
For the fifth day of announcements, Coinbase has revealed that all US customers can now instantly withdraw cash balances from Coinbase to PayPal (PYPL).
Starting today, all Coinbase customers in the U.S. can instantly withdraw Coinbase cash balances to PayPal for no fee.
It’s Day 5 of 12 Days of Coinbase. Learn more here: https://t.co/tfYVzgJjxc pic.twitter.com/EFHn8LFPTs
— 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.
This news comes a day after Coinbase released a new Watchlist feature, which allows users to fully customize their Coinbase dashboard.