FX stands for Foreign Exchange—the conversion between different currencies (e.g., EUR to USD). FX typically involves fees and unfavorable exchange rates.
MYKOBO avoids FX entirely: withdraw EURC, get EUR. Withdraw USDC, get USD. No currency conversion, no FX fees.
Related Articles
What does on-ramp mean?
On-ramp is shorthand referring to converting traditional currency (fiat) into stablecoin. When you deposit EUR and receive EURC, you're "on-ramping" into stablecoin. On-ramp now →
On Ramp FX?
FX stands for Foreign Exchange—the conversion between different currencies (e.g., EUR to USD). FX typically involves fees and unfavorable exchange rates. MYKOBO avoids FX entirely: deposit EUR, get EURC. Deposit USD, get USDC. No currency conversion, ...
What does off-ramp mean?
Off-ramp is shorthand referring to converting stablecoin back to traditional currency (fiat). When you withdraw EURC and receive EUR, you're "off-ramping" into fiat. Off-ramp now →
Why do you need my IBAN details to off ramp?
Off-ramp refers to converting stablecoin back to traditional currency. When you send EURC and receive EUR in your bank account, you're "off-ramping" back to fiat. Off-ramp now → We need a bank account from you in order to be able to redeem ...
What are on ramp transaction limits?
At MYKOBO, we prioritise security, compliance, and efficiency in every transaction. To maintain a safe and seamless experience, we have established transaction limits based on user verification levels and regulatory requirements. On ramp transaction ...