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Seamless crypto purchases now available for German and UK users via PayPal

Tl;Dr: Users in Germany and the UK can now link their PayPal account directly to Coinbase to buy cryptocurrencies, providing a hassle-free, trusted, and secure purchasing and withdrawal option.

By Coinbase

International

, August 28, 2023

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Coinbase now offers our German and UK users a quick and hassle-free method to buy crypto, using their debit cards and bank accounts linked to PayPal.

Acquiring crypto should be as straightforward as making a regular purchase. However, traditional financial mechanisms, such as wire transfers, can sometimes prove tedious and time-consuming. We understand the desire for quick, more seamless methods to purchase crypto. On Coinbase you can now easily buy crypto through PayPal with just a few clicks.

Daniel Seifert, Vice President and Regional Managing Director, EMEA at Coinbase, said: Coinbase’s mission of increasing economic freedom in the world means making it easier, safer and faster for customers to interact and engage with the cryptoeconomy, reducing the frictions of the legacy banking system. We’re therefore very pleased to be partnering with PayPal to be able to offer our German and UK users another fast, secure and convenient way to buy crypto.”

Buying crypto using PayPal as your funding source introduces you to a familiar and reliable transaction experience. Through years of experience within the payment ecosystem, PayPal has developed the expertise and necessary tools to ensure transparency, performance, and security across its services. This step forward is all part of our mission to provide easy and secure access to the cryptoeconomy for everyone.

Effortless Crypto Purchases: If you already have a PayPal account, you can start transacting on Coinbase immediately. Additionally, there's no need to manually input your bank account or card number directly to Coinbase — you can continue using PayPal to securely manage your financial information.

Swift and Simple: When you are set to fund your crypto purchases with PayPal, first select the crypto you want to buy, click on the payment method then “Add a payment method” to select PayPal. You'll be directed to a PayPal login screen. After logging in, you can select or add a debit card or bank account linked to your PayPal account. 

Paypal UK

The PayPal integration delivers several key benefits to Coinbase users:

  • Ease Of Use - Users in Germany and the UK can now buy crypto by simply connecting their Paypal account. 

  • Safety & Security - Industry-leading security: Purchasing crypto on Coinbase using PayPal comes with the added peace of mind of dual security from two industry leaders. PayPal and Coinbase provide robust security features, including encryption and fraud monitoring.

This PayPal integration is now available to all users in Germany and the UK. For more information about ways to fund your Coinbase account, visit Coinbase.com and log into your account.

In the following months, we'll extend the option to purchase crypto using funds from PayPal to other EU countries. Cash withdrawals to PayPal are already available in the US, Canada, the UK, and across the EU. For more details about our price structure for crypto purchases, please visit our Help Center.

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Cryptocurrency is not regulated by the Federal Financial Supervisory Authority (BaFin) and is not subject to protection under the Deposit Guarantee Scheme. Investing in cryptocurrency carries risks, and cryptocurrencies may appreciate, depreciate or lose their entire value. Capital gains tax may apply to profits from cryptocurrency sales. Content is for informational purposes and should not be taken as investment advice.

Cryptocurrency is not regulated in the UK and may gain in value, or lose some or all value. Profits may be subject to Capital Gains Tax.

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