Coinbase adds PayPal as payment option for cryptocurrency purchases

Coinbase ([[COIN]] -0.8%) is offering its customers in the U.S. the ability to buy cryptocurrency on its app using debit cards and bank accounts linked to PayPal ([[PYPL]] -2.0%), Product Manager Eddie Lo said in the company's blog.Customers can buy up to $25,000 per day of crypto using their PayPal account. That gives them another method of paying, in addition to using funds from a connected bank account via ACH or wire transfer, a debit card, or funds in their Coinbase USD wallet.But Coindesk reports that the transactions through PayPal will require a customer to pay a 3.99% fee vs. a 1.49% fee for bank buy fees. Transfers of U.S. dollars into Coinbase from PayPal results in a 2.5% charge, while ACH transactions are free.The PayPal payment option will be expanded to more countries in coming months, Lo said.In a footnote, Lo said eChecks and PayPal-linked credit cards cannot be