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)
On Kraken, we currently refer to Fiat currencies as "Cash" as it's 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Fiat currencies can be deposited to or withdrawn from your Kraken account via bank transfers from a number of countries around the world.