“Coinbase now allows users in the US to buy and sell bitcoin and other cryptocurrencies via an integrated PayPal account. Previously, users could only purchase bitcoin from the exchange using either ACH or wire transfer via a connected bank account. PayPal-linked credit cards can’t be used, there’s a purchase limit of $25,000 per day for PayPal users and the exchange will charge 3.99% fees.”
-It’s hilarious to see PayPal come full circle. They banned buying bitcoin from their platform really early on, but it’s now apparently too lucrative to ignore.
-Those fees are insane. (2.5% for deposits, 4% for direct purchases).
What do you think is bullish? Will people be using it?
As I have seen a lot of people complaining about the fees and not letting middleman(PayPal) handle the transactions.
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