What is Cryptocurrency, and What Types of Cryptocurrency Accounts Does Prominence Bank Offer?

Prominence Bank – Cryptocurrency Accounts

Cryptocurrency is a digital form of currency that uses cryptography to secure transactions and create new coins. It can be viewed as a digital equivalent of traditional currencies such as the US Dollar or the Euro. Bitcoin, introduced in 2009, was the first cryptocurrency, and since then, hundreds of alternative cryptocurrencies—commonly known as “altcoins”—have emerged.

Prominence Bank offers cryptocurrency accounts designed to help you manage and safeguard your digital assets with ease, security, and privacy.

Account Features:

• Cryptocurrency Wallet: Fund your wallet and transfer between your cryptocurrency account and your regular bank account.

• Secure Transactions: All transfers are conducted securely and confidentially.

• Multi-Currency Support: Move funds between your cryptocurrency and Prominence Bank accounts in USD, GBP, EUR, and more.

• User-Friendly: Simple and efficient account opening and management process.

Benefits of a Prominence Bank Cryptocurrency Account:

• Tax Haven Banking Secrecy: Maximum privacy and security in a protected jurisdiction.

• Full Control: You retain complete control over your account.

• No References Required: No need for bank references or personal visits.

• Low Maintenance Costs: Minimal fees and no monthly maintenance charges.

• Swift Transactions: Instant capability to send and receive SWIFT wire transfers.

Opening Fees and Requirements:

• Opening Fee: €25,000 per cryptocurrency account

• Minimum Balance: Equivalent of USD 100 in cryptocurrency

• Monthly Charge: None

• Processing Time: 7 banking days from receipt of opening fee

Account Opening Procedure:

1. Complete the application form accurately.

2. Email the completed form to account@prominencebank.com.

3. Send the opening fee deposit.

4. Your account will be activated within 7 banking days.