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

{
  "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"
  }
}

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

Example Request

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