Redemption is available for approved Kanberry Customers who already have opened a Kanberry Account with our organisation. It particularly means that all necessary documents are submitted and processed through verification process by Kanberry compliance team.

After account approval Kanberry will generate STABLECoins wallet addresses for deposits.

In that case it is quite simple to perform an exchange (redemption) transaction following the below steps:

1. 1. 1. Use Kanberry API interface to get a quote for exchange (redemption) operation against your tokens. The quote will include deduction of a fee agreed between the Customer and Kanberry.
      2. Once the quote is provided confirm its acceptance. The operation will adopt ‘pending’ status awaiting funding be deposited on your wallet(s) held with Kanberry.
      3. To deposit STABLECoins to Kanberry Account just use your wallet app or accounts held with other digital exchange providers. Or, alternatively, use your STABLECoins already deposited to your Kanberry Account wallet.
      4. Make sure your STABLECoins have reached your Kanberry Account wallet.
      5. Press ‘Process’ to process the transaction.
      6. Have the redeemed amount of money on your Kanberry Account.
      7. You may wish to withdraw the redeemed amount to your regular bank account. Make sure this account is registered with Kanberry. Kanberry currently doesn’t accept instructions for remittances to Third parties.