SellBack – a new product by Kanga Exchange

Hodling favourite cryptocurrency but urgently needing cash?

We’ve got a solution you’ll love! Sell cryptocurrency with the right to repurchase. How does that work? It’s dead simple – you get cash for the cryptocurrency sold and if you change your mind, you can repurchase your crypto at a price fixed in advance.
The service is available in Kanga Exchange Offices and from Locals.

If you’re interested, call us at +48 58 573 36 33 ext. 1 and 2
or e-mail us at [email protected]

Look how Kanga Sellback works!

Check how it works!

Visit our blog or see the FAQ to find out more

You can also contact us at +48 58 573 36 33 ext. 1 or 2 and email [email protected]

1. AMOUNT at which the Sale of cryptocurrencies is made;

2. REPURCHASE AMOUNT at which the Seller may buy them back;

3. COLLATERAL, namely the type of the cryptocurrency it will be charged in (the necessary
amount will be automatically calculated by the system);

4. NETWORK FEE which will be non-refundable and charged on the conclusion of the
Contract exceeding the Collateral;

5. LIQUIDATION RATE, namely the rate on the Administrator’s Cryptocurrency Exchange at
which cryptocurrencies will be automatically sold in accordance with current orders;

6. CURRENT RATE, namely the current rate on the Administrator’s Cryptocurrency
Exchange;

7. REPURCHASE DATE, namely the date to which the Seller may exercise his right to
repurchase.

Contract example:

AMOUNT30 000 PLN°
REPURCHASE PRICE31 500 PLN°
COLLATERAL VALUE60 000 PLN°
LIQUDATION THRESHOLD37 800 PLN°
CONTRACT TERM60 days

Amount – The price at which the customer sells cryptocurrency.

Repurchase price – The price at which the customer can repurchase the cryptocurrency sold.

Collateral value – Market value of the cryptocurrency sold.

Liqudation threshold – The minimum market value of the collateral, at which it will be automatically resold on the market at the current rate. Once the liquidation threshold is reached, the customer loses the option to repurchase the collateral.

Contract term – The time period after which the collateral will be automatically resold on the market at the current rate. Once the repayment deadline is reached, the customer loses the option to repurchase the collateral.

Detailed information about Kanga Sellback is available in the terms of service and fee schedule documents.