Investing Simple Logo
Menu
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Sam Pennington on June 11, 2022
Category: 
FTC Disclosure

How To Transfer From PayPal To Coinbase 2022

Coinbase is a top rated cryptocurrency platform. As of this writing, Coinbase has roughly 98 million verified users.

The company's incredible popularity is due to their app's sleek interface and simple navigation. It is truly easy to buy, sell, and transfer crypto using Coinbase.

In this article, we highlight one way to fund your Coinbase account. Specifically, we cover the steps to transfer from PayPal to Coinbase.

Best Crypto Promotions

ExchangePromotionLink
BlockFi$15 To $250 Free Bitcoin When You Deposit $100+Download
coinbase table new$5 Free Bitcoin When You Verify Account/Make 1st DepositDownload
SoFi Robo Advisor$10 To $100 Free Bitcoin When You Buy $50+ CryptoDownload
Webull Logo$5 Free Crypto (Choose From 5) For Completing 1st Crypto TradeDownload

How To Transfer Funds From PayPal To Coinbase

Transferring funds from PayPal to Coinbase is actually a really simple process. Coinbase supports a number of ways to fund your account. One of these ways is through linking to your PayPal account directly. This process can be completed with the steps below:

  1. Open a Coinbase Account (Use our link here for $5 FREE Bitcoin)
  2. Verify your Coinbase Account
  3. Link Your PayPal Account to Coinbase
  4. Initiate Transfer From PayPal (Or Buy Crypto Directly With PayPal)

Each of these steps actually have a few steps themselves. Let's dive into the details.

1. Open A Coinbase Account

Trade cryptocurrency with Coinbase

Coinbase is one of the longest existing cryptocurrency platforms. The company was founded in 2012 and is a top option for more cryptocurrency investors.

Coinbase boasts a number of features like instant deposits. They also offer members the chance to earn free cryptocurrency with educational materials!

If you sign up for Coinbase using our button above, you will get $5 worth of free Bitcoin!

Before executing a transfer from PayPal to Coinbase, you will need to set up a Coinbase account.

Setting up a new Coinbase account is simple:

2. Verify Your Coinbase Account

When creating a Coinbase account, you can speed up the process and skip verification to start trading cryptos immediately.

However, to gain full access to Coinbase, you do need to verify your account.

This verification is done through uploading a photo of your driver's license or other state issued ID:

  1. To do this, you will click "Send/Receive" once logged into Coinbase
  2. A popup will appear that prompts you to upload a photo of your ID (front and back)
  3. This can take 1-2 business days to complete

You will receive an email once you are verified or if Coinbase needs more information.

If the image of your ID is clear and matches the information in your account, verification will be completed in mere minutes.

3. Link Your PayPal Account To Coinbase

paypal logo

Coinbase is one of the few apps that actually lets you transfer directly from PayPal. To do so, you will need to link your account. This process is quick and easy:

  1. From the home screen in the Coinbase app, tap on the three lines at the top left
  2. Tap "Profile and Settings"
  3. Underneath the Payment Methods section, tap the "Add a payment method" option
  4. Select the PayPal option
  5. A new window will open from PayPal. Here, you will login in to your PayPal account using your PayPal login credentials
  6. You will be asked to confirm your identity with 2FA
  7. You will be prompted to add a debit card to your PayPal account
  8. Tap "Agree & Continue"
  9. Tap "Done"

Your new PayPal account typically will have a $1,000 limit.

4. Initiate Transfer From PayPal (Or Buy Crypto Directly With PayPal)

Now that you have linked your PayPal account, you are able to add funds or buy crypto directly.

Add Funds From PayPal To Coinbase

Adding funds from PayPal is simple:

  1. From the home screen in the Coinbase app, tap on the "More" option underneath the account balance
  2. Tap "Add Cash"
  3. Enter in the amount of money you would like to add
  4. Tap on the payment method space
  5. Select your newly added PayPal account
  6. Tap "Preview" to review the details of the transfer
  7. Tap "Add Cash Now" to complete the transfer

Buy Crypto Directly With PayPal In Coinbase

Rather than adding cash from PayPal, you can actually just purchase crypto directly. Those steps are shown below:

  1. From the home screen in the Coinbase app, tap on the "Buy" option underneath the account balance
  2. Select the crypto you wish to purchase from the options listed or search for the crypto you want to purchase
  3. Enter in the amount your with to purchase in dollars
  4. Tap in the payment method space
  5. Select your new PayPal account
  6. Tap "Preview Buy" to review the details of the order
  7. After reviewing the details of the order, tap "Buy Now"

Be advised that purchasing crypto on Coinbase does incur a transaction fee. This fee will be indicated on the order details page.

Transfer From PayPal To Coinbase: Final Thoughts

If you want to fund your Coinbase account with PayPal, then you are in luck. Coinbase supports a direct link from your PayPal account.

After linking your PayPal account, you can either transfer funds into Coinbase or purchase crypto directly. The benefit of doing this is that you do not have to connect your banking information to Coinbase. Instead, you can link PayPal and leave your banking information secure within PayPal's platform.

If you want to learn more about Coinbase, be sure to check out our complete review.

paypal transfer to coinbase featured image
Article written by Sam Pennington
Sam is a personal finance writer. While in college, he dedicated his spare time to learning about personal finance, investing, and real estate. Sam currently works as a business analyst for one of the top food manufacturers in the world.

Platform Reviews

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2022 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Developed by Stallion Cognitive
magnifiermenuchevron-downcross-circlechevron-down-circle
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram
Copy link
Powered by Social Snap