How To Withdraw Money from Kucoin to PayPal

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How to withdraw money from Kucoin to PayPal? In this guide, the fastest route to convert crypto into cash by using the Coinbase option.

Do you have some crypto like Bitcoin(BTC) or Ethereum(ETH) available at Kucoin? Or are you looking for a fast way to convert crypto to cash? Unfortunately, the Kucoin custodian wallet doesn’t have the option to withdraw directly to a PayPal account.

In short, KuCoin is a prominent cryptocurrency exchange that offers a wide range of digital assets for trading. Founded in 2017, it has quickly gained popularity for its user-friendly interface, advanced trading features, and strong security measures.

KuCoin allows trading in numerous countries across the globe, providing its services to users in over 100 countries worldwide, including the United States, Europe, and Asia. With its commitment to innovation and user satisfaction, KuCoin has established itself as a reputable platform within the cryptocurrency industry.

Even though it’s possible to add PayPal to the Kucoin P2P platform. Using this option isn’t very convenient. Users who already have a PayPal account should pay attention here.

By continue reading this guide you will get all the answers you are looking for regarding PayPal withdrawals:

  • How to withdraw money from Kucoin to PayPal
  • Know what to do before making crypto withdrawals
  • Use the Coinbase cash-out option for PayPal

How To Withdraw Money From Kucoin To PayPal: Quicktake

In short, below are the necessary steps to cash out money from Kucoin to PayPal. Additionally, I assume you already have an existing PayPal account and are using Kucoin on a mobile device. Overall, you have to do the following:

  • Sent crypto from Kucoin to Coinbase
  • On Coinbase, sell crypto for fiat(USD, EUR, GBP, etc)
  • In ‘My Assets‘, choose ‘Cash out all‘ option
  • Choose PayPal as a cash withdrawal option
  • Cash out to PayPal at zero fees 😁

The steps above are a quick take of the steps you have to follow. Later on in this guide, I’ll go more into detail by including screenshots. Spoiler: using the PayPal cash-out option at Coinbase, is the quickest way to convert crypto to cash within 24 hours.

Understanding PayPal Withdrawals

The Kucoin platform is perfect for those who want to trade or invest in many of the different cryptocurrencies out there. Besides trading, you also have the option to lend out cryptos or stake them to earn a passive income stream.

However, what do do if you need some real cash like USD or EUR? Of course, you can link a bank account and try to initiate a cash withdrawal. Another option you have is to use PayPal, which is a good option if you want to cash out fast.

Again, PayPal withdrawals aren’t supported on Kucoin and to do this you need another crypto platform to achieve this.

To summarize, you need to withdraw your crypto to another platform first before you can cash out. How to do this properly?

How to Withdraw Money From Kucoin to PayPal

Again, when you want to use PayPal as a cash-out option, you need to send your funds elsewhere. Also, to receive the funds in your PayPal account you must find a platform that supports this.

Luckily in 2020, Coinbase and PayPal decided to team up. Where PayPal has been added as a cash-out option to the Coinbase platform. Below are the necessary steps to withdraw money from Kucoin to PayPal explained in more detail.

Step 1: Create an Account at Coinbase

First of all, you need to open an account which shouldn’t be a complicated step. On top of that, you can use this link to open a free account at Coinbase.

In short, Coinbase is a very popular crypto trading platform mainly focused on US customers. Also, it has millions of cryptocurrency traders using its platform on a daily basis. In addition to trading and wallet services, Coinbase also offers various other features such as a merchant payment gateway and educational resources for beginners to learn about the world of cryptocurrency.

Remember that crypto exchanges use custodian wallets for holding crypto and are subject to attack by hackers all the time. As a result, security is a top priority for them, and withdrawing to use PayPal requires you to verify(KYC).

In short, an account verification(KYC) process consists of the following:

  1. Upload official documents(passport, identity card, driving license, or else)
  2. Take pictures of both sides of the document
  3. Make a selfie

Step 2: Send funds from Kucoin

After you have finished the sign-up process at Coinbase it’s time to use your newly created profile in order to withdraw money.

The plan you might have is to swap crypto for the money so you need to send crypto funds from Kucoin to Coinbase here. How to do this? Below are the necessary steps for Coinbase(using Ethereum(ETH) as an example):

  1. In Coinbase above, click ‘Send & Receive
    Buy crypto on Coinbase
  2. Choose Receive tab, and click Bitcoin to search for ETH
    Buy ETH on Coinbase
  3. In the search bar, type ETH and choose Ethereum result
  4. Click ok and copy ETH address to clipboard

Next, go back to your Kucoin account, and enter your password to log in. Additionally, go to your funding account or make sure that you transfer ETH to your funding account first.

Consequently, in order to transfer, click on your ETH funds and click on ‘Withdraw‘. Next, paste the ETH Coinbase address into the ‘Wallet address’ field and make sure to choose ERC20 as the network.

Withdraw Ethereum(ETH) on Kucoin
Withdraw Ethereum(ETH) on Kucoin

Finalize the withdrawal of ETH funds from Kucoin by giving the amount of ETH and approving the transaction(Withdraw button).

Step 3: Receive ETH funds at Coinbase

As the Ethereum blockchain processes transactions very fast it’s just a matter of seconds waiting before funds arrive in the Coinbase account. Just make sure that you have received the funds by going to your assets wallet on Coinbase.

On top of that, Coinbase will send you a notification message when the ETH funds have reached their platform.

Consequently, the withdrawal process for crypto from Kucoin to Coinbase has been finished. Additionally, we are ready to start the cash-out option for PayPal accounts on Coinbase.

Step 4: Trade ETH for USD on Coinbase

At this point, you can start selling ETH for fiat currency(USD, EUR, etc). All you have to do now on the platform is to go to ‘My Assets‘ and choose ‘Buy & Sell‘. It’s all very straightforward.

In the pop-up screen, find ETH, also make sure to choose USD as the fiat option(if you are a US customer) and click on the ‘Sell‘ option. Simply enter the amount you wish to sell, click “Preview Sell”, and then hit the “Sell Now” button.

Sell ETH on Coinbase
Sell crypto for fiat on Coinbase

Next, after the platform has processed the transaction(which takes seconds) your wallet will be updated with the amount in USD.

Step 5: Withdraw Cash from Coinbase using PayPal

Finally, we have reached the level where you can transfer money to your PayPal account. Now go to your money account under “My Assets”. Next, click on this to view the Cash Out option and select “Cash Out All”.

Click the continue button and a new screen appears that asks you to choose a destination for your cash withdrawal. You have the following options:

  • Add a debit card
  • Add a bank account
  • PayPal

Next, you only have to confirm if you really want to withdraw to your PayPal account. Also, the screen shows you the details including the fee which is zero for PayPal withdrawals.

And this is how you withdraw from Kucoin to PayPal! Enjoy your profits and don’t forget to share this guide if it was helpful 😁

Withdrawing Cash from Coinbase using PayPal

As shown above, withdrawing cash from Coinbase is a straightforward process that can be done in just a few steps. You can withdraw cash directly to your bank account or use PayPal to transfer funds. If you choose to withdraw to your bank account, you’ll need to add your bank account details to your Coinbase account. Once your account is verified, you can initiate a withdrawal and the funds should arrive in your bank account within a few days.

Alternatively, using PayPal to withdraw funds offers a convenient and trusted option. You can link your PayPal account to Coinbase and transfer funds to your PayPal balance(for free). From there, you can easily withdraw the funds to your bank account or use them for online purchases. Overall, withdrawing cash from Coinbase is a seamless process that offers flexibility and choice for users.

Recommended: 5 reasons for having accounts on multiple crypto exchanges

👉 Get a free account at Coinbase here

FAQ – Withdraw Money From Kucoin to PayPal

Can You Directly Withdraw Money from Kucoin?

Yes, it’s possible to link your bank account to the Kucoin platform. To use Kucoin as a cash-out option, you just need to sell your crypto for fiat(USD, EUR, or other). After that, you can initiate a bank withdrawal that takes 1 to 5 business days.

How Do I Convert Crypto to PayPal?

As explained earlier in this guide, you can use Coinbase to sell your cryptos for money. After that, you can use the ‘cash out option‘ and choose PayPal as a destination.

Can I withdraw Crypto to PayPal?

Yes, it’s possible to withdraw crypto to PayPal directly. At the end of 2020, PayPal added crypto wallets to its platform. However, this option is only allowed for US customers and only supports Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

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