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Coinbase: BTC Withdrawals to PayPal for EU Nations

Coinbase: BTC Withdrawals to PayPal for EU Nations

On February 5, Cryptocurrency exchange Coinbase announced that it was extending support for PayPal withdrawals to all their customers in the European Union as well as European Free Trade Association countries. The latter would include countries such as Iceland, Norway, Switzerland and Liechtenstein.

PayPal Withdrawals in the UK

The news comes as shortly after the exchange announced a similar move in the United States last year. A blog post penned by Coinbase employee Allen Osgood, detailed the announcement, he writes:

“Before PayPal, SEPA and UK Faster Payments were the only options for European customers to withdraw funds. Part of our commitment to being the safest and easiest is to support the preferred transfer options for our customers around the world. As one of the world’s easiest and most widely-used payment platforms, adding PayPal as a withdrawal option for European customers offers another great option for withdrawing their funds.”

Coinbase has always been a forward-thinking cryptocurrency exchange in terms of offering services such as Coinbase custody and tax payment resources.

Coinbase Wallet App

On February 5, 2019, the cryptocurrency exchange announced that it would be launching its own Coinbase Wallet app, where users would be able to store their bitcoin BTCUSD.

Coinbase said that the wallet supports Ethereum Classic, Ethereum and “over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum.” The announcement further stated that the wallet app would be available to all customers on both the Android and iOS sometime next week.

The announcement added that while bitcoin [BTC] support is already present on the app, all that users would be required to do is tap on the ‘receive’ option on the wallet and select bitcoin BTCUSD to send bitcoin BTCUSD to their own Coinbase wallet.

Interestingly, the wallet supports both “SegWit addresses with lower transaction fees, as well as Legacy addresses for backwards compatibility”. For the uninitiated, a Legacy address is the standard bitcoin BTCUSD address that begins with 1.

While, the news about Coinbase supporting PayPal is exciting, it is unclear how this will affect the country which is currently involved in finalizing terms for Brexit.

Coinbase: btc withdrawals to paypal for eu nations

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Published at Thu, 07 Feb 2019 03:00:28 +0000

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Bitcoin Price Watch; Closing Out The Week

We are closing in on the end of a week that’s going to be remembered for some time by many in the bitcoin space. The bitcoin price broke through the $10,000 level – a level that many claimed it would never reach – and topped out above $11,000 before quickly falling back below the major threshold. Since then, we’ve had a degree of instability, with participants on both sides of the market seemingly unsure as to what happens next. There’s a strong chance we’ll see a return to the overarching upside momentum, of course, but how deep the current correction will go remains to be seen.

As we always say, however, whatever happens, we’re going to be on top of the markets with our short-term efforts.

So, with this all noted, let’s get some levels in place that we can use to try and draw a profit from the markets as and when things move. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand and where we are looking to get in and out on any volatility. It’s a one-minute candlestick chart and it’s got our range overlaid in green.

As the chart shows, the range we are looking at for the session comes in as defined by support to the downside at 10438 and resistance to the upside at 10618. Standard breakout rules apply for the session, so we’ll be looking at jumping in long on a break above resistance towards an immediate upside target of 10680. Conversely, if price breaks below support, we’ll get into a short entry and target a downside level of 10380. Stops on both positions (somewhere around $15 or $20 the other side of the entry) will help ensure we are taken out of the trades if things turn against us.

Let’s see what happens.

Charts courtesy of Trading View

The post Bitcoin Price Watch; Closing Out The Week appeared first on NEWSBTC.

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