Coinbase brings real-time deposits via debit cards by partnering with Visa

Coinbase users will now be able to deposit money into their accounts in real-time with eligible Visa debit cards, thanks to a new integration with the Visa Direct network.

Coinbase users in the US and Europe can now fund their accounts with a qualifying Visa debit card, following a new partnership with Visa. In an Oct. 29 press release, Visa said the integration allows Coinbase customers to deposit funds in real-time and offers flexibility for those looking to respond quickly to crypto market movements.

This feature aims to make it easier to access trade funds by reducing waiting times traditionally associated with crypto financing. The Visa Direct network facilitates instant deposits, allowing users to top up their accounts or make crypto purchases almost instantly. Visa debit card holders can also withdraw money to their bank accounts in real-time, minimizing delays in all major transactions on the platform.

“Providing real-time account funding using Visa Direct and a qualifying Visa debit card means Coinbase users with a qualifying Visa debit card know they can take advantage of trading opportunities day or night.”

Yanilsa Gonzalez Ore, Visa Direct, North America President Visa

This latest partnership marks another step in Visa’s expanding role in the crypto market, building on the company’s recent rollout of a blockchain platform for banks to manage fiat-backed tokens.

In early October, Visa launched the Visa Tokenized Asset Platform, a network that allows financial institutions to mint, burn and transfer fiat-backed tokens, including stablecoins. Spanish banking giant BBVA became the platform’s first customer and plans to trial the technology on the public Ethereum blockchain starting in 2025.