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Bitcoin panic selling made easier by Coinbase

Coinbase has now initiated Paypal withdrawals for its users letting them sell their bitcoin and other cryptos directly into t
Coinbase has now initiated Paypal withdrawals for its users letting them sell their bitcoin and other cryptos directly into their Paypal accounts.

The current cryptocurrency market situation which may be termed as cryptocurrency winter has now gone into freezing temperature with panic selling growing more and more over the days. Coinbase, one of the largest cryptocurrency exchanges in the world has now initiated Paypal withdrawals for its users letting them sell their bitcoin and other cryptos directly into their Paypal accounts which makes panic selling much easier than before.

Coinbase Paypal Withdrawals

With the integration of Paypal withdrawals for bitcoin and other cryptocurrencies, the users have started to sell their holding in a much more easier and faster method and the best part is that these withdrawals are free of cost. Earlier, Coinbase customers had to withdraw their funds by selling bitcoin and other cryptos by a complicated method which included the time-consuming process of wire transactions into their bank account which also charged a fee for the same. Now that Paypal withdrawals have been made possible, there is more panic selling than ever as the process is just a matter of minutes.

Paypal has a tremendous speed of more than 50 million transactions per second and also has a great user experience on the platform which is quite easier and much convenient than the current Dapps in the market driving people away from Dapps. Paypal also lets the users attach their debit cards to their Paypal accounts and unlike blockchains such as Cardano, their system does not need a 100 PhDs for building their services.

The Coinbase’s Paypal integration has given the best opportunity to bitcoin investors who wish to conveniently invest or take out their funds from cryptocurrencies such as bitcoin. Paypal is exceptionally convenient than decentralization for the newcomers in the crypto space.

Experts bearish for Bitcoin

Experts like Nouriel Roubini are still criticizing bitcoin by telling people that it is much better to sell your bitcoin at the current rate of $3200 than waiting for it to reach $0.

Experts are also predicting that bitcoin could even reach $0 by the first quarter of 2019 and are suggesting others to withdraw their cryptos out of their hardware wallets such as Trezor or Nano Ledger and sell their holdings into their Paypal accounts using Coinbase.

This following article is not financial advice and only presents the opinion of the writer and not the opinion of Coinnounce. The readers are advised to do their own research and analysis before trading or investing in any digital asset such as bitcoin.

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