FAQ – Kinesis Exchange

Doug Turner

02/07/2021

Trading

What are the fees when trading with Kinesis?

All trades across all assets on the Kinesis Exchange are charged a flat 0.22% trade execution fee, whether market order or limit order. 

For a full breakdown of our fees, view our fees page – here.

What are the spreads like on the Kinesis Exchange?

The Kinesis Exchange boasts some of the tightest spreads on fully allocated physical precious metals, and leading cryptocurrencies, globally.

When can I trade?

Our trading platform, the Kinesis Exchange, is open for trading 24 hours a day.

How can I liquidate my gold, silver or crypto?

Kinesis offers users immediate liquidity of their physical gold and silver through a number of innovative access points, bypassing the inefficiencies of archaic industry infrastructure.

Kinesis users can simply trade their physical gold and silver for USD, EURO or GBP on the Kinesis Exchange, with a low trade execution fee of 0.22%. From there, Kinesis users are able to withdraw funds to a registered bank account.

The Kinesis virtual VISA card presents Kinesis users worldwide with an avenue of instant liquidity, enabling cardholders to spend physical gold and silver for everyday payments. Kinesis cardholders eliminate the minimum requirements, high costs, and inefficiencies from withdrawing, and spending, physical gold and silver bullion.

How to trade gold and silver?

There are two different kinds of orders to trade gold and silver on the Kinesis Exchange.

When trading gold and silver, you have the option to choose between a market order or limit order as per your preference.

A market order allows you to instantly buy or sell an asset at the current market price. 

A limit order allows you to set the price at which you wish to buy or sell an asset. The trade will only be executed when the market price corresponds with your chosen price. Limit orders effectively allow you to trade automatically, entering and exiting markets at the price you wish.

Trust and security

How do I know my gold and silver is in the vaults?

All gold and silver bullion held by Kinesis undergoes independent, third-party audits, twice a year. With over 10 years experience in the precious metals industry, we understand the necessary assurance only complete transparency provides.

We employ the world-class independent audit and inspection specialist, Inspectorate International, a Bureau Veritas company, to conduct regular, independent, physical audits of all bullion underpinning Kinesis gold and silver-based digital currencies. The quantity of gold and silver held in our vaults is checked against the record of all KAU and KAG in circulation, stored on our blockchain.

Regular independent audits verify that every KAU and KAG within the Kinesis monetary system is based on an exact 1:1 allocated quantity of gold and silver bullion. Additionally, independent auditors perform a series of assessments to ensure the weight and fineness of the bullion is as stated, and the quality of the storage is satisfactory.

The results of all of our audits are publicly available – here.

Can I redeem my gold and silver? What are the costs?

All Kinesis gold and silver holdings are fully redeemable.

Kinesis and ABX understand the absolute necessity of physical redemption in gold and silver provision. As a matter of imperative assurance, Kinesis offers physical redemption on all precious metals behind your gold and silver-based digital currencies.

Kinesis currency holders are fully entitled to redeem the underlying bullion the KAU & KAG are based on, subject to withdrawal fees and minimum withdrawal requirements. The redemption cost and minimum withdrawal requirements of Kinesis are among the lowest in the industry.

Kinesis enables users to redeem as little as 100 grams of gold or 200 ounces of silver, with a fee of 0.45% + $100 USD + delivery costs.

We provide redemption of the underlying bullion through our logistic partners Loomis, Brinks and Malca-Amit.

Redemption is available from the Settings tab of your Kinesis Money account. 


Blockchain


Which blockchain do Kinesis currencies operate on?

The Kinesis gold and silver-based currencies, KAU and KAG, have been built on our bespoke fork of the Stellar network.

How can I review transactions on the Kinesis Blockchain?

Kinesis offers real-time access to view all of the Kinesis gold and silver-based digital currencies in circulation, as well as all KAU and KAG transactions, on the Kinesis Blockchain Explorer – here.

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