Why do you need my IBAN details to on ramp?
We need a bank account from you in order to be able to verify deposits are only received from the verified person. No third party payments are accepted and funds will be returned to sender.
More information on third party payments →
Related Articles
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 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 →
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 →
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 ...
Off 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: withdraw EURC, get EUR. Withdraw USDC, get USD. No currency ...