Redeem Assets

Deposit cNGN for cash to a Nigerian bank account. This endpoint initiates a fiat redemption, converting your cNGN to Naira.

Redeem Assets

POST https://api.cngn.co/v1/api/redeemAsset

Initiates a cNGN-to-fiat redemption. Requires Redeem permission. Subject to service availability.

Request Body

Name	Type	Description
amount*	number	Amount of cNGN to redeem. Minimum: 1
bankCode*	string	Bank code of the destination bank. Use the Get Bank List endpoint to retrieve valid bank codes.
accountNumber*	string	Destination bank account number to receive the Naira.
saveDetails	boolean	Whether to save the bank details for future redemptions. Default: false

200 Deposit for redeem was successfully

{
  "status": 200,
  "message": "Deposit for redeem was successfully",
  "data": {
    "id": "clx1abc123def456",
    "from": "Convexity",
    "receiver": {
      "bank": "Access Bank",
      "accountNumber": "0123456789"
    },
    "amount": "50000.00",
    "trx_ref": "RDM-20250615-XYZ789",
    "trx_type": "fiat_redeem",
    "network": "xbn",
    "asset_symbol": "NGN",
    "status": "pending"
  }
}

400 Invalid request

Strict Validation: No additional fields are allowed in the request body. Requests with extra fields will be rejected.

Example Request

curl -X POST https://api.cngn.co/v1/api/redeemAsset \
  -H "Content-Type: application/json" \
  -H "Authorization: Bearer YOUR_API_KEY" \
  -d '{
    "amount": 50000,
    "bankCode": "044",
    "accountNumber": "0123456789",
    "saveDetails": true
  }'