Fiat money is a currency without intrinsic value established as money by government regulation or law.
You can read more about fiat money on Investopedia.
Examples of fiat currencies are:
- the United States Dollar (USD),
- the Eurozone euro (EUR),
- the United Kingdom’s pound sterling (GBP),
- the Japanese Yen (JPY),
- the Chinese Yuan (CNY).
Fiat currencies available on Kraken.
On Kraken, we currently refer to Fiat currencies as ‘Cash’ as it is a more commonly understood term.
Fiat currencies can be deposited to or withdrawn from your Kraken account via bank transfers from a number of countries around the world.