How to make instant Bitcoin to PayPal Withdrawals in Canada?

How to make instant Bitcoin to PayPal Withdrawals

It’s a good news for Canadian punters who use Bitcoins as their real money deposits to play slots. Coinbase, the world popular Bitcoin exchange recently made this announcement that it now includes Canada to the list of countries which can make a withdrawal directly to their PayPal account. Earlier Coinbase only allowed this service to the US and European player to withdraw their winnings to Paypal, though they still do not offer PayPal to Bitcoin transactions.

The announcement read that support for PayPal provides immediate access to funds through one of the world’s easiest and most widely-used payment platforms. Transferring sale proceeds into a PayPal account is fast and free and customers will incur no fees for such transfers.

How to withdraw Bitcoin to PayPal?

Coinbase Canada

Before you learn as how to make a withdraw of Bitcoins to your Paypal account, remember that only Coinbase users can avail this service. This means you should have an account with the Coinbase exchange.

You need to log into your accounts with valid user details as indicated at account registration stage.

After a successful login, your should locate the “Settings” option on the screen. Settings can be located among the menus right below the Coinbase logo.

Coinbase Canada Dashboard

On the settings page, now locate the “Linked Accounts” tab.

Coinbase Canada Dashboard

At this point, a “Link a New Account” button would be visible at the right side of the screen.

The “Link a New Account” button allows you to add any of the deposit and withdrawal options available to Coinbase users on the platform.

As briefly mentioned, the option to fund your Coinbase account using PayPal isn’t possible, but you can easily swap your crypto currencies on the platform to fiat through PayPal.

Coinbase Canada and Paypal Canada

When PayPal option is selected from the list available methods, you will be asked to enter your valid PayPal login details.

PayPal Canada BTC

A successful login takes you to a page where you will be asked to grant Coinbase access to PayPal. The agree button should be clicked and you will be approved and returned to Coinbase.

To confirm if PayPal has been successfully added, you should go through the process again to the “Linked Accounts” tab. Your PayPal account should be listed at this point.

How to remove PayPal From Coinbase?

If for one or any the other reason you wish to remove Paypal from Coinbase then follow the steps below:

Visit the “Linked Accounts” tab once more at Coinbase and click the “Remove” button next to your PayPal address(es).

Coinbase account

Coinbase will proceed to confirming this action to prevent unauthorized removal requests.

Finally remember that not all online Canadian casinos allow Bitcoin withdrawals. There are though lots of Canadian friendly casinos that accept Bitcoins as Deposits to play real money slots.