More ways to buy crypto and cash out, now on Coinbase
By Prakash Hariramani, Senior Director — Payments & Financial Hub, Coinbase
Fast, familiar, and secure ways to move money in and out of Coinbase are key to bringing more people into the cryptoeconomy for the first time. Today we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction available 24/7.
Buy crypto with the world’s most trusted digital wallets
Apple Pay is trusted, secure and accepted in-store, online and in Apps across the globe using a credit or debit card with Apple Pay. If you already have a Visa or Mastercard debit card linked in your Apple Wallet, Apple Pay will automatically appear as a payment method when you’re buying crypto with Coinbase on an Apple Pay-supported iOS device or Safari web browser.
And later this fall you’ll be able to buy crypto with Google Pay, a safe, simple, and secure way to pay that’s used by more than 150 million people in 40 countries every month. Google Pay provides an additional level of security as purchases use a combination of virtual account numbers and encryption for your security and peace of mind when you buy crypto on Coinbase.
Cash out up to $100,000, instantly
We’re also making it easier and faster for you to get access to your money. Coinbase is the first crypto exchange to offer instant cashouts via Real Time Payments (RTP), enabling customers in the U.S. with linked bank accounts to instantly and securely cash out up to $100,000 per transaction. Many customers who withdraw funds opt for Automated Clearing House (ACH) transfers, which can take up to 5 days to move through the pipes of the traditional financial network. Instant cash outs via RTP let you get your money in seconds, 24/7, without the high costs of uncapped fees. Plus, there are no limits on the number of times you can cash out per day.
Setup is simple. If you already have a checking account linked to your Coinbase account, there’s likely no additional setup required¹. Learn more about instant cashouts in our Help Center.
More payment methods in more countries
Familiar and trusted ways to make crypto buys and timely access to your money continue to be core to the Coinbase experience. Today, customers in the U.S. can now buy crypto with a connected bank account via ACH or Wire transfer, a debit card, funds in their Coinbase USD wallet, in addition to now using funds from a connected PayPal account or linked Visa or Mastercard debit card to Apple Pay.
We’re also expanding our global footprint. Coinbase now accepts crypto buys via linked Visa and Mastercard debit and credit cards in 20+ countries, with more on the way.
Stay tuned for announcements in the coming months as we expand the ability to purchase crypto and cash out instantly with fast, familiar, and secure payment methods to even more countries.
1. Your financial institution must be a participant in the RTP Network, and your account must be enabled to receive RTP payments. Please check with your bank for more information on RTP support.
More ways to buy crypto and cash out, now on Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.