US-based cryptocurrency exchange Coinbase is extending its PayPal support to customers based in the EU and European Free Trade Association countries.
The service is already available to Coinbase customers based in the US.
Increasing Convenience For Users
“Today we’re expanding that support for PayPal withdrawals to all E.U. customers and customers in European Free Trade Association countries (Iceland, Liechtenstein, Norway, and Switzerland).”
It also noted that it wants the platform to be a safe and easy place to use cryptocurrencies, with convenient withdrawal offerings.
Before today, users could only use UK Faster Payments and SEPA to withdraw money.
With PayPal, these customers will get access to one of the easiest and most widely-used payment services.
Users will simply need to sign in to Coinbase and link their PayPal account.
When they withdraw balances, they will just have to select PayPal as a payment option.
PayPal Support Expansion
Coinbase announced that it was working on expanding PayPal support for other countries in 2018.
PayPal withdrawals are free, quick and easy and can be done at any time.
Previously US customers had only two options for withdrawing funds- a Federal Wire account or ACH, which could take as many as two business days to the process.