fiat currency Archives - Prominence Bank

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fiat currency

Can I send cryptocurrency to my account and withdraw fiat currency?

November 26, 2024admin

Yes, after depositing cryptocurrency into your account, you can withdraw funds in USD or Euro, depending on your account’s currency settings.

Is there a fee for converting cryptocurrency into USD or Euro?

November 26, 2024admin

We want to inform you that any funds received through the Crypto Currency channel will incur a 2% network fee if the account holder does not have a cryptocurrency account. This fee will be deducted from the total amount received, and the remaining funds will be credited as cash into your savings account’s available balance.

Once I deposit cryptocurrency, can I receive USD or Euros in my account?

November 26, 2024admin

Yes, once your cryptocurrency is deposited into your account, we can convert it into fiat currency, such as USD or Euro, based on your account currency.

What cryptocurrencies can I use to fund my account?

November 26, 2024admin

You can deposit cryptocurrencies like USDT (Tether) or BTC (Bitcoin) into your Prominence Bank account.

Can I fund my Prominence Bank account with cryptocurrency?

November 26, 2024admin

Yes, Prominence Bank allows clients to fund their accounts with cryptocurrencies such as USDT or BTC.

Does Prominence Bank offer services to buy or sell cryptocurrencies?

November 26, 2024admin

No, Prominence Bank does not offer the ability to buy or sell cryptocurrencies. We only facilitate the conversion of cryptocurrencies into fiat currencies once they have been deposited into your account.

Can I convert my cryptocurrency into fiat currency at Prominence Bank?

November 26, 2024admin

Yes, once you have deposited cryptocurrency into your account, we can convert it into fiat currency, such as USD or Euro, based on your account’s currency.