Prominence Bank

Cryptocurrency Bank Account

What is Cryptocurrency and What Are the Types Of Accounts Available?

You might be wondering what a cryptocurrency is? Just as we have several currencies like Euro and USD so also, we have cryptocurrency which is used as a means of exchange like the normal ones. However, Cryptocurrencies are digital assets that use cryptography to secure transactions and control the creation of new units. This cryptography is used to ensure a safe transaction and also to take charge of creating new coins. Bitcoin was the first cryptocurrency to come into existence and it was dated back to 2009. But at the time, there are various types of cryptocurrencies in their hundreds.

They can also be called as Altcoins. Or we can say the electronic conversion of code lines with monetary value is called cryptocurrency. Therefore, cryptocurrency is can also be called digital currency.

Unlike a centralized form of banking, just as the federal reserve system, Cryptocurrency is not governed by the Government as its fully decentralized.

Fortunately, at Prominence Bank we have also brought in place our own cryptocurrency account in order to offer you digital banking opportunities.

Therefore, Clients can fund their crypto wallets and transfer between their cryptocurrency and bank accounts to support standard transactions in the bank. Therefore, you can begin to conduct your trade with your cryptocurrency account and with utmost confidence that your account and transaction are secured and your data are confidential.

Now you can start trading with your cryptocurrency with complete security and confidentiality!!

What is the Time for Estimated Completion?

Once the opening fee is received, account setup is typically completed within 7 business days.

What are the Procedures in Opening a Custody Account with Prominence Bank?

Need a Bank Account?

Please do not hesitate to ask us. Please also call us or email us to make sure that you will be served with our best services.

Scroll to Top