How to mint new KAU and KAG

  • Updated

 

Signing into the Kinesis Mint

Step 1

1. To start the registration of your Kinesis Mint account, click the 'Get Started' button below.

2. Enter your details for the set-up of your Kinesis Mint account. Once you’ve selected the type of account you hold, enter your Kinesis address from your Kinesis Wallet.

3. Upon clicking 'Submit', a welcome email will be sent so you can proceed to set a password and activate your Kinesis Mint account.

 

Please note: You will be required to fund your minting account once created in order to purchase Kinesis currency via the mint.

Depositing funds into the Kinesis Mint

Step 2

1. You will need to deposit funds to start minting, to do this, click the 'Deposit funds' button to place your deposit.

 

2. Enter the currency and the amount you wish to deposit before clicking 'Transfer' to confirm your deposit instruction.

3. Once you confirm your transfer notification, you will receive an email with payment instructions, including your payment reference number.

Once your payment has been processed, your funds will show as available in your Kinesis Mint account.

Please note: Each new deposit instruction will need to be approved by a member of the Kinesis operations team before these funds will be made available in your account. We endeavour to ensure this is processed as quickly as possible.

 

Minting KAU and KAG to your Kinesis account

You can create your own Kinesis currencies by depositing fiat or cryptocurrency. Each Kinesis KAU and KAG coin is backed 1:1 by underlying physical gold and silver bullion.

Start by selecting your minting preference from the settings tab within your Kinesis Mint account.

Step 1

 

Step 2

Once your account has been linked, and funds have been deposited, select a tile for the currency you wish to mint. In this example, we will be minting Kinesis KAU.

Please note: The minimum minting amounts are 100 KAU or 200 KAG.

 

Step 3

You will be presented with a market view page for KAU, Kinesis Gold.
Here you can view the price chart for the KAU asset, view the order book depth and any open orders you may have.
Click “BUY” to proceed to complete a new order.

 

Step 4

Complete the place order details by entering the number of lots of KAU (100 KAU=1 lot), or KAG (200 KAG = 1 lot), you wish to purchase and whether you would like to place a market or limit order.

 

Step 5

An order confirmation screen will then appear, presenting you with the destination address of your minted currencies, the total amount of fees incurred (0.45%), as well as the total cost of the order.

Once you are happy with the order details, you can continue to confirm your order by clicking the “CONFIRM” button, which will result in the order being placed.

 

Your Kinesis currencies will be immediately available for you to view within your Kinesis account and you will be presented with the following screen, showing the details of the order placed and resultant trade execution.

 

Please note: You will receive an e-mail notification of your trade being confirmed.

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