Everyone wants to withdraw cryptocurrency to PayPal. This is a very common question in the cryptocurrency market by retail users. Making cryptocurrency payments more convenient has not been an easy task for many companies. Consumers often face challenges while trying to find platforms that accept payments in the form of digital currencies. Shop owners still do not see the benefit of such payments. However, Coinbase has developed a brilliant solution to this problem. Below is the method to withdraw cryptocurrency to PayPal.
You can easily withdraw any crypto currency to PayPal using Coinbase!
How to Withdraw Cryptocurrency to PayPal?
Before we get into how to withdraw cryptocurrency to PayPal, we should know what PayPal is and how Coinbase works. We tell you all about these platforms in the coming sections.
If you live in the US, you can also skip the exchange. PayPal lets US customers receive crypto from external wallets and exchanges and sell it into their PayPal balance. It supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Solana, Chainlink and PayPal USD (PYUSD). Receiving is free. Selling costs 1.50% to 2.20%, depending on the amount, plus a spread in the exchange rate, and crypto transfers are capped at $25,000 a week. Send each coin only on a network PayPal supports for it, or it can be lost. In the UK and Luxembourg, crypto can’t be moved into or out of PayPal.
PYUSD is PayPal’s US dollar stablecoin, issued by Paxos since August 2023. US customers can buy and sell it 1:1 for dollars with no PayPal fee, and in October 2026 PayPal offered 4% annual rewards on PYUSD held in its app, a rate it can change.
Coinbase pays out to PayPal, as the steps below show. Kraken and Bitstamp accept PayPal for deposits only. eToro pays withdrawals to PayPal only if you funded your account with PayPal, with a $30 minimum and a $5 fee.
What is Coinbase?
Coinbase—an American based cryptocurrency exchange platform has grown in popularity thanks to its various services. As regards to daily trading volume, this exchange remains among the leading exchange platforms, according to CoinGecko.
Coinbase was launched by Brian Armstrong and Fred Ehrsam in 2012 and boasts a friendly user interface. Newbies in the crypto industry can exchange different currencies at ease on the platform.
Additionally, the platform has always strived to set itself apart from other exchanges by making crypto transactions extremely easy. Coinbase users can easily withdraw funds from the platform and transfer the same into their bank accounts within days. And now, Coinbase has added more features to cut this waiting period from days to minutes.
The popular cryptocurrency exchange platform allows you to withdraw cash directly into your PayPal account. This works in the US, the European Union (not yet in every country), the UK, Canada and Australia. Your PayPal account’s country and name must match your Coinbase account, and Coinbase shows your PayPal limits under account levels in your settings.
You can also buy crypto on Coinbase with PayPal, paying from your PayPal balance, a linked bank account or a linked debit card (debit cards don’t work in Canada). Credit cards, prepaid cards and business cards linked to PayPal aren’t supported.
Before we move into withdrawing into your PayPal account, let’s first understand how to add your PayPal account to Coinbase.
Adding Your PayPal Account To Coinbase
Before adding your PayPal account to Coinbase, you have to log in. You can use a browser on your smartphone or computer. And you can only perform this transaction from your Coinbase wallet.
After accessing your Coinbase wallet through your browser, log into your wallet. Once you’ve logged in, complete identity verification if you haven’t yet, then open your settings: select your profile icon, then “My preferences”.
While in the settings, open the “Payment Methods” tab, then click “Add a Payment Method” to move forward.
From there, you’ll see a list of account options that will pop up, click “PayPal”. After this step, you’ll be redirected to the login page of PayPal. Log in using your email and password.
Once you’re in your PayPal account, you’ll be directed to a confirmation page where PayPal will ask you to allow Coinbase access to money transfers—click “Agree” to link both accounts.
After successfully linking your PayPal to your Coinbase account, go back to your Coinbase account.
You can now withdraw funds from Coinbase to PayPal very easily.
How To Withdraw Cryptocurrency To PayPal?
To withdraw funds from Coinbase to PayPal, first sell your crypto: select “Sell” (in the app, “Buy & Sell”, then “Sell”), choose the crypto and the amount, then select “Review order” and “Sell now”. The money goes to your cash balance. Next, select “Withdraw Cash” on the Home page (in the app, “Cash”, then “Withdraw”), enter the amount and choose your PayPal account under “Transfer To”. In the EU, the UK and Australia, you can also sell crypto straight to PayPal.
The next step is verifying the transaction details. Select “Preview”, check the amount and the fees, then click “Withdraw Now”.
If all the systems are right, the funds will reflect in your PayPal account instantly or after a few seconds.
From here, in case you want to transfer your PayPal funds into your bank account, just follow the instructions provided by PayPal.
The Instant Transfer feature provided by PayPal is available to U.S-based users and ensures that funds are transferred to one’s bank account in minutes, for a fee of 1.75% of the amount (at least $0.25 and at most $25). Standard transfers to a linked bank account are free.
How To Remove Your PayPal Account From Coinbase
Unlinking your PayPal account from your Coinbase account is a lot easier compared to linking both accounts. This can be done through your Coinbase account.
To do so, just log into your Coinbase account, select your profile icon, then “My preferences”, and open the “Payment Methods” tab. In the app, go to “Profile & Settings” instead.
From here, simply click the “Remove” button that is placed next to your PayPal account, then click “Remove” on the confirmation box that will pop up.
Major Concerns
PayPal has been on the spot for freezing users’ accounts at its whim and failing to follow regulations set by banks. This has seen the company receive many complaints from its users.
Additionally, the payment platform has one of the highest foreign exchange fees in the sector. For instance, for US accounts the platform adds a spread of 3% to 4% when converting currencies. This means that it can cost you a whopping $30 to $40 to convert $1,000!
Now we understand how the company earned $13 billion in revenue in 2017.
Apart from high foreign exchange fees, users are forced to wait up to a week to withdraw funds from PayPal into their bank accounts. Additionally, the company continues to increase its fees, which are often higher when compared to the transaction fees charged by most high street banks. As such, PayPal users may end up migrating to cryptocurrency transfers where the transaction is virtually instant and cheap.
Similarly, Coinbase seems to have joined PayPal in charging very high fees, as well as zealous account controls. As a result, many users have complained about the platform.
This exchange is among the most popular exchanges, thanks to its support for several cryptocurrencies, as well as its daily trading volume.
The integration with PayPal to allow users to withdraw funds is a major step for both platforms, and PayPal has since gone further, launching its own crypto service in 2020 and its PYUSD stablecoin in 2023. Nonetheless, there are many improvements that need to be made to ensure the process is perfect.
For instance, Coinbase at first did not accept PayPal deposits. It now lets you buy crypto with PayPal, and in the US you can also add cash from PayPal.
Follow the simple instructions on this page and withdraw cryptocurrency to PayPal using Coinbase.
Conclusion
It is possible to withdraw cryptocurrency to PayPal. This is why we have shared with you all this information in this post. There is a ways to go before cryptocurrency is integrated with major payment systems around the world. However, there are ways for crypto users to move funds through PayPal as outlined above. As more adoption takes place, other financials institutions and services will likely allow for this as well.
We hope the guide on How To Withdraw Cryptocurrency To PayPal has been helpful for you!
