Redeeming Silvertokens (SLVT)
Before money evolved into fiat, backed only by the government’s word, it was backed by precious metals.
Just like the deed to a house, paper money represented ownership of the metal: the value was represented and transferred with a piece of paper. SilverToken is exactly the same. SLVT you hold in your digital wallet is a receipt for the purchase of silver, which you can redeem for physical silver.
SilverTokens are redeemable for the physical silver they represent. The silver bullion is stored within a vault and can be shipped to you or picked up at any of 8 locations.
Prior to modern paper fiat currencies, successful civilizations used paper money redeemable for precious metals. SilverToken is the improved 21stcentury digital version.
Redeeming your SilverToken for silver is simple! Submit a redemption request, transfer your SLVT, receive your silver in the mail or pick it up. The process details are outlined below.
Our Redemption Process
Submit a Redemption Request
Let us know how much you want to redeem! Fill the request online or on paper clicking the buttons below to begin the process. After we receive your request, all of your details will need to be confirmed to guarantee security. The minimum quantity of silver that can be redeemed is 100 ounces, as vaulted silver is comprised of 100 and 1,000 LBMA ounce bars.
Transfer Your SLVT
Before your silver is shipped, we must receive the SLVT you are redeeming. You will be provided with the redemption wallet address to send your SLVT. There is a 4% fee paid in SLVT to cover the costs of shipping, insuring and physically removing the silver from the vault.
Receive Your Silver in the Mail or Pickup at a Vault
It’s that simple. All that's left to do is wait for your package to arrive or go to your chosen vault to pick it up. Tracking information is provided so you know when to expect a delivery. Once you get your silver, let us know on social media!