How to deposit Fiat?
Viktor avatar
Written by Viktor
Updated over a week ago

You can deposit Fiat from your bank account in EUR and GBP. USD deposits are not yet available.

General Information

For EUR you will have the option to make a SEPA and a SWIFT deposit. The bank details for both will be displayed. For GBP deposits, you will have only 1 list of bank details - for a SWIFT deposit.

The information that will be displayed consists of:

  • Your Reference ID

  • Receipt Name

  • IBAN

  • SWIFT code

  • Bank Name

  • Bank Country

  • Bank Address

  • Receipt Address

For SEPA please allow 2-5 business days for the funds to arrive in your account.

For SWIFT please allow up to 7 business days for the funds to arrive in your account.

Note:

  • Only transfers from bank accounts bearing your name will be accepted.

  • No third-party deposits are allowed.

  • You must include your Reference ID in your transfer description. Deposits made without Reference ID will be refunded.

How to deposit Fiat?

Browser

  1. Make sure that you have selected "Fiat" from the left-hand-side menu.

  2. Click on the "Deposit" button

  3. Select if you'd like to deposit EUR or GBP

  4. Click on "Show Bank Transfer Details"

App

  1. Click on the "Menu" button in the middle of the page footer.

  2. Select "Deposit"

  3. Select "Fiat" and choose if you'd like to deposit EUR or GBP

  4. Accept the Terms and Conditions and press on "Show Bank Transfer details"

Does Koinal charge any fees for Fiat deposits and what are the limits?

Koinal does not charge any fee for Fiat deposits. Please note that your bank might apply a transaction fee.

For the complete list of Fees and Limits please refer to "What are the Fees and Limits on Koinal?"

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