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# What is the Cash (USD) balance, and how can I use it?

The Cash Balance is your main wallet inside Onboard. Think of it as your USD hub - it's where most of your money lands, and where you manage it from.

**Money comes in** via stablecoins (USDT/USDC), Nigerian Naira (NGN named account), US dollars (USD named account), British Pounds (GBP named account) or Euros (EUR named account). No matter how it arrives, everything converts to USD.

**Money goes out** to bank accounts, crypto wallets, your cards, or your crypto wallets. You can also move funds to your Trading or DeFi Wallet.

**Key things to know:**
* It's USD-denominated - all balances are shown and held in USD
* Non-USD deposits are converted at the live rate when they arrive
* It's separate from your card balances - you'll need to fund cards from here or from other sources

You don't need to "set up" the Cash Balance — it's available as soon as your identity verification is approved.

However, to receive funds in a specific currency, you'll need to set up that currency first. Tap **Add** (or **View bank details**) on your Cash balance and select the currency you want:

* **Stablecoins (USDT/USDC):** Select the token and network to view your deposit address
* **NGN:** Set up your NGN named account to get bank details in your name
* **USD:** Set up your USD named account (requires additional verification)
* **GBP:** Set up your GBP named account (requires photo ID, and proof of income if applicable)
* **EUR:** Set up your EUR named account (requires photo ID, and proof of income if applicable)

Each currency is set up independently - you only need to set up the ones you want to receive.

**Not sure about the difference between your Cash Balance and your USD Account?** See: "[What's the difference between my Cash Balance and my USD Account?](https://help.onboard.xyz/en/article/whats-the-difference-between-my-cash-balance-and-my-usd-account-cww6q0/)"