Coinbase warned about issue with Paypal withdrawals
Coinbase warned about issue with Paypal withdrawals
Cryptocurrency exchange Coinbase has reported a system bug that has left platform users in the UK and Canada unable to make sales or withdrawals to their PayPal accounts.
Coinbase has now said that it has identified the cause of the problem and is working hard to fix it and restore transactions using PayPal.
Additionally, the cryptocurrency exchange's official website says that all client funds are safe while the Coinbase team works to fix the discovered bug.
In 2016, Coinbase entered into a partnership agreement with PayPal, allowing clients of the cryptocurrency exchange to sell BTC and deposit their US dollar coins into the popular payment system's wallet.
We previously reported that Coinbase is considering the UAE as a key hub in the Middle East.
The Coinbase exchange serves users from more than 100 countries and has more than 43 million active clients. The platform offers unique educational programs for novice traders and provides a high level of security, and its FDIC insurance covers amounts up to $250,000.
