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Explanation of fiat currency
Last updated: More than 3 months ago
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:
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the United States Dollar (USD)
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the Eurozone euro (EUR)
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the United Kingdom’s pound sterling (GBP)
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the Japanese Yen (JPY)
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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Fiat currencies can be deposited to or withdrawn from your Kraken account via bank transfers from a number of countries around the world.