Coinbase Extends PayPal Withdrawal Option to 32 European Countries

Coinbase customers in the EU and European Free Trade Association countries can now make withdrawals into their PayPal accounts.

Feb 6, 2019 at 8:00 a.m. UTC
Updated Sep 13, 2021 at 8:52 a.m. UTC

Coinbase customers in the EU and the European Free Trade Association (EFTA) countries can now make withdrawals into their PayPal accounts.

The San Francisco-based cryptocurrency exchange announced the news Tuesday, explaining that, until now, European customers have had only Single Euro Payments Area (SEPA) and UK Faster Payments options available for withdrawals.

The expanded service means customers of 32 European countries will now have the PayPal withdrawal option, with a total of 28 member countries in the EU and the four nations of the EFTA: Iceland, Liechtenstein, Norway and Switzerland. Support for the option in other nations will continue to be added this year, the firm said.

Customers can link their PayPal accounts to their Coinbase account and select the payment option when withdrawing cash balances.

Last December, Coinbase reinstated PayPal support for U.S. customers after having ceased offering the service due to technical issues. The service first launched in June 2016.

Coinbase image via Shutterstock 

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
CoinDesk Cardano Price Index (ADX)

CoinDesk - Unknown
2
CoinDesk - Unknown
CoinDesk Smart Contract Platform Select Index (SCPX)

CoinDesk - Unknown
3
CoinDesk - Unknown
First Mover Asia: KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain

The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.

The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.

CoinDesk - Unknown
4
CoinDesk - Unknown
CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme

Sam Ikkurty and Ravishankar Avadhanam are accused of using YouTube videos to dupe would-be clients into investing in various crypto funds.

Sam Ikkurty and Ravishankar Avadhanam are accused of using YouTube videos to dupe would-be clients into investing in various crypto funds.

CoinDesk - Unknown