When you deposit EUR or GBP to your Interest Account (both Fixed and Flexible), the funds are automatically converted into cEUR or cGBP, respectively. cGBP and cEUR are our internal (off-chain) tokens used to pay you interest.
Note: Our cEUR tokens are not related to CEUR (Celo Euro) or any other tokens with similar names you may stumble upon. cEUR and cGBP are tokens for internal use only.
Do I receive my funds back as fiat or tokens?
When you make a withdrawal from your Flexible Account, get your Fixed Account monthly interest, or your Fixed Account holding period is over, your cEUR and cGBP are converted back into fiat and credited to your Wallet.
Will I get my fiat funds at a 1-to-1 conversion rate?
Yes, we guarantee that you will receive your EUR and GBP at a 1-to-1 ratio when converting cEUR and cGBP.