Coinbase just made it easier than ever to buy cryptocurrency

Coinbase but made information technology easier than ever to buy cryptocurrency — here'south how

(Image credit: Shutterstock)

One of the most bewildering things about the brave new world of cryptocurrency is how y'all actually buy it, just Coinbase has just fabricated it a lot simpler thanks to a tie-in with PayPal.

Every bit revealed in a web log post, Coinbase will now offering its many millions of users the power to purchase Bitcoin, Ethereum and other cryptocurrencies directly in the app, using a linked PayPal account.

What is SafeMoon? All you demand to know about the new cryptocurrency
Here'due south how to get well-nigh buying Bitcoin
Plus: Bitcoin big shot just arrested for laundering $336 million

As the mail explains, users with an existing PayPal account will be able to make transactions via the new method immediately. Plus, in that location'll be no need to add bank details to Coinbase: information technology'll all be handled via PayPal.

The procedure sounds seamless: to offset, you but select the crypto you desire to purchase, tap on payment method then choose PayPal under the "Add a payment method" option.

Coinbase PayPal — (Epitome credit: Coinbase)

After logging in with your PayPal account — which must exist registered to the same e-mail every bit the one you use with Coinbase, or you'll have to go through ii-factor authentication — you can select or add together a debit card or bank account.

The new payment method volition allow for purchases of up to $25,000 a day with your PayPal account, only it only currently applies to customers in the U.S.; Coinbase says information technology will be rolled out to other countries "in the coming months."

PayPal already gives users the ability to buy crypto in its own app, but the choices are currently limited to Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Coinbase, meanwhile, is one of the biggest crypto trading apps, with some 56 million users. In fact, earlier this month it became the second most popular app in the Apple App Store, behind its crypto rival Robinhood.

Its popularity has soared forth with that of many of the cryptocurrencies its users merchandise: for instance, Ethereum recently reached its highest ever value of $two,800.

More than: Everything you demand to know about the Robinhood app

As U.K. Editor in Master on Tom'south Guide, Marc is responsible for the site'due south U.K.-focused output besides equally overseeing all gaming, streaming, audio, Tv, entertainment, how-to and cameras coverage. He previously edited the tech website Stuff and has tested and written about phones, tablets, wearables, streaming boxes, smart home devices, Bluetooth speakers, games and much more than. He also spent years on a music mag, where his duties mainly involved spoiling other people's fun, and on a car magazine. An avid photographer, Marc likes nothing better than taking pictures of very small things (bugs, his daughters) or very big things (distant galaxies). When he gets time, he likewise enjoys gaming (console and mobile), cycling and attempting to sentry as much sport equally whatsoever human can (particularly cricket).