How to submit a PayPal AUD Withdrawal request

CoinSpot is proud to offer users with an additional method of withdrawal, now through PayPal! Within the article highlighted below we have provided users with instructions on how to make their first PayPal withdrawal.

Please note, to withdraw AUD to your PayPal account you must first make a deposit with PayPal on CoinSpot.

If you are looking to complete an AUD Withdrawal to your bank account, please refer to the article below:

• How to submit an AUD Withdrawal request

What is in this article?

• Need to re-enable your withdrawals?
• Initiating a PayPal AUD withdrawal
• What are the fees?
• How long does PayPal AUD Withdrawal take?
• How do I change my PayPal withdrawal account?

Need to re-enable your withdrawals?

If you have placed self withdrawal restrictions on your CoinSpot account, you will be required to submit an Authorisation Photo to Account Recovery (Re-enable Withdrawals).

For security reasons, inadequate attempts will be rejected, therefore a new submission will be required. 

Initiating a PayPal AUD withdrawal

1. Select My Account Menu⁽¹⁾ > Select Withdraw AUD⁽²⁾.

                                                  Figure 1. PayPal AUD Withdrawal - My Account Menu (Withdraw AUD)

1. Select PayPal⁽¹⁾ > Enter Amount to withdraw⁽²⁾ > Once you have reviewed & confirmed the details are correct, select the checkbox⁽³⁾ > Then select Withdraw Funds⁽⁴⁾.

                                                  Figure 2. PayPal AUD Withdrawal - PayPal (Withdrawal Page)

2. Review your details again to ensure this is correct, once you are ready to initiate your withdrawal, select ‘Confirm Withdrawal’.

                                                  Figure 3. PayPal AUD Withdrawal - PayPal (Confirmation Page)

4. Congratulations, you have successfully initiated your AUD Withdrawal via PayPal.

                                                  Figure 4. PayPal AUD Withdrawal - PayPal (Withdrawal Submitted)

Frequently Asked Questions

What are the fees?

A simple 2% PayPal processing fee, capped at $1.25, is applied to your withdrawal amount and outlined within your confirmation screen prior to processing your withdrawal. 

How long does PayPal AUD Withdrawal take?

PayPal AUD withdrawals are expected to appear in your PayPal balance the following Business Day, however this may be sooner.
Once processed, standard processing times may vary depending on your banking partner.

Need more help? 

Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new

or start a conversation with us via Live Chat and our team will provide full instructions and advice.