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Coinbase vs PayPal: fees, withdrawals, safety and which to use

With a $1,000 bank-transfer purchase, PayPal states that the fee is $18. Coinbase shows its fee only on the order screen before you buy.

Coinbase vs PayPal fees

From each exchange's own pages, the Coinbase and PayPal fees for $1,000 are shown in dollars.

$1,000 and the basicsCoinbasePayPal
Buy by bank transfer (ACH)–$18
Buy by wire$19–
Buy with PayPal–$18
Cash out by wire$25–
States it does not serve–Hawaii
Serves New YorkYesYes
Bank withdrawal1-5 business days–
NYDFS licenceYesYes
App Store rating (ratings)4.7 (1,797,969)4.8 (6,299,060)
Google Play rating (ratings)4.3 (929,890)4.2 (3,740,000)
Coins listed407–

A dash shows that the exchange gives no figure for that row. "Not offered" means it doesn't support the method.

Coinbase vs PayPal in your state

Coinbase publishes no list of US states that it leaves out. Its user terms say only that you need to live in the US.

Hawaii isn't served by PayPal.

Coinbase vs PayPal withdrawals

Coinbase bank withdrawals take 1-5 working days.

The pages we read from PayPal don't list a bank withdrawal fee or time.

Coinbase vs PayPal safety

NYDFS has issued Coinbase a New York licence or charter.

NYDFS has issued PayPal a New York licence or charter.

Coinbase vs PayPal apps and coins

For the Coinbase app, 1,797,969 App Store ratings produced a score of 4.7 out of 5. Google Play has 929,890 ratings and a score of 4.3.

For the PayPal app, 6,299,060 App Store ratings produced a score of 4.8 out of 5. Google Play has 3,740,000 ratings and a score of 4.2.

Which should you choose, Coinbase or PayPal?

  • Choose Coinbase if you'll use its order book through Coinbase Advanced.
  • Choose PayPal when you're after the PayPal app with its simple buy screen.

We earn a commission if you open an account through our links. It does not change the fees you pay or our score.

Coinbase and PayPal: further reading