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What is FIAT

Information about what FIAT is and how it's used

Vetle avatar
Written by Vetle
Updated over 6 months ago

You may have noticed on our site that we sometimes refer to FIAT as a deposit method.

FIAT is actually a term used to refer to traditional payment currencies, such as EUR or USD. So when we say FIAT deposit, we simply mean a deposit made using one of these standard currencies. This can be done through a variety of methods, including credit or debit cards, bank transfers, or eWallets, depending on the country you are registered in.

You may also notice on your balance that there is an option to "view in FIAT". This will show you the equivalent amount in EUR or USD. However, please keep in mind that these are just estimates based on the latest exchange rates and may not reflect the exact value.

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