Exchange Physical for Digital (Coins and bars) enables users to bring eligible* gold and silver coins and bars into our segregated vault and unlock the benefits of holding Kinesis gold (KAU) and silver (KAG)
Kinesis users are able to access the fine weight of their collection in KAU or KAG for real-world payments - simply maintain a ⅔ balance.
Exchange Physical for Digital (coins and bars) - Segregated Facility
A step-by-step guide.
Step 1. Open a Kinesis Mint account.
Step 2. Complete the form located in the EPD section of the Kinesis Mint, making sure to select the Segregated EPD Program option.
Step 3. The EPD team will contact the minter via email to confirm the details of the coins and bars proposed for EPD and may request additional supporting documentation/information.
Step 4. As part of the Kinesis System Integrity framework, all gold and silver coins and bars will then be assayed, at the depositor’s expense, assessing fineness and valuing the coin to its fine weight.
Step 5. On successful valuation and verification of authenticity, the coins and bars will be recorded in a deposit manifest and stored within the segregated storage facility at the participating vaulting provider.
Step 6. IIn addition to the general information about the deposit, the tube/box/bag number, depositor information, and special notes, such as observed damage, year, edition etc, and, importantly, the Kinesis Money System HIN of the depositor, would be recorded in the ABX Vault Management System.
Step 7. Once all information is recorded and the coins have been successfully deposited, the Kinesis operations team will emit the appropriate number of KAU or KAG to the depositor's Kinesis Money account, charging the 1% segregated deposit fee at the time of emission.