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Coinbase have announced that their new PayPal feature allowing U.S customers to withdraw to PayPal accounts has gone live as of today.
The announcement is part of the "12 days of Coinbase" announcements, where each day at noon PST Coinbase announce new features, support for new cryptocurrencies, and more. Todays feature is the launch of the PayPal feature allowing U.S customers to withdraw directly to PayPal at zero fee cost to the client.
Recap: Coinbase quietly introduces free PayPal withdrawals
The new feature will allow U.S customers access to their funds in a faster withdrawal method, utilizing one of the world's easiest and most widely-used payment platforms. With zero fees and fast withdrawals, the new feature will be most welcomed by U.S traders.
Coinbase commented on the announcement stating that they want to help their customers in having flexibility in using cryptocurrencies and being a part of the open financial system - "This integration is a big step forward in realizing that vision, allowing you to smoothly and instantly transfer your funds to cash."
Coinbase also announced that support for more countries will roll out in 2019.
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
It's Day 5 of 12 Days of Coinbase. Learn more here: https://t.co/tfYVzgJjxc pic.twitter.com/EFHn8LFPTs