Coinbase Revamps PayPal Withdrawals for US Crypto Users

Coinbase customers in the U.S. can now make withdrawals into their PayPal accounts.

According to a blog post, U.S. customers can withdraw their Coinbase balances to PayPal immediately and without any fees. The new arrangement allows customers to quickly convert their cryptocurrency holdings to cash, wrote Allen Osgood, who works on product at the exchange.

Coinbase announced it was bringing back a PayPal integration last month, noting that customers will only be able to make withdrawals using PayPal. Users won’t be able to buy cryptocurrencies via PayPal.

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