This article will show you how to Burn $CST from your external wallet in exchange for $USD in your Coast Digital Account. The next logical step after burning would be to withdraw the funds to your bank account. Those instruction can be found here:
1. Login to your Coast account
2. Connect to MetaMask
3. Login to MetaMask
4. Select the Burn Tab
5. Enter Amount to Burn
6. Approve app to Burn your $CST
If you have NOT previously approved the Coast app to Burn your $CST, the first of the two buttons in the Burn Summary will be Blue and you will be prompted to Approve. Also the text at the bottom of the Burn Summary will read "Connect to PulseChain Mainnet to Mint/Burn $CST."
7. Burn your $CST
If you have previously approved the app to Burn your $CST, the first of the two buttons in the Burn summary will be grey and read "Wallet Approved". If this is the case, you can continue to Burn using the second button. This button will Burn the amount your entered on the left of the screen. If you want to Burn more/less, change this number.
8. Approve Burn in Wallet
9. Sending $CST
During this step, your Wallet is sending $CST to the Contract Address. The time for this transaction to process depends on the setting you chose when you initiated the transfer.
10. $CST Send Complete
At this point, the Contract has received your $CST and is alerting Fortress.
11. Transferring your USD
During this step, $USD is being transferred from the $CST Collateral account to your Custodial Account with Fortress. It will show as complete when Fortress tells Coast the transfer is complete by sending a Webhook.
12. Transfer Complete
Depending on the speed at which the Webhooks are functioning, the Transfer window may or may not close on it's own.
13. Funds are available
At this point, if the window remains open for longer than 20-30 seconds, simply refresh your browser tab and notice if your burned coins are now showing in your Digital Account under Current Balance.
Conclusion
Still need help? Please use the online chat feature that you will find in the bottom right hand corner of the Coast application. There you will find helpful resources and be able to chat with our team to assist you in burning your $CST for $USD.