What is "Proof of Funds" and what kind of proof is sufficient?

A proof of funds (POF) is a document or a collection of documents showing the origin of financial resources which you have used for fiat deposits (i.e. deposits made in EUR, CHF, GBP and USD).

The proof of funds also includes information concerning the origin of your cryptoassets which have been used for fiat withdrawals (i.e. withdrawals in EUR, CHF, GBP and USD).

What do I need to do?

Even though this may sound complicated, all you actually have to do is prove how you acquired the funds. Please note that the submitted documents must not only display your most recent deposit (or withdrawal), but also the sum of your previous transactions, i.e. all previous transactions up to the stated amount. 

Accepted proof for fiat funds

For example, we can accept the following documents (amongst others) to prove the origin of funds:

  • Wage, salary or pension statements (no older than six months)
  • Notarial proof of inheritance or a gift
  • Proof of the sale of real estate
  • Proof of earnings from renting and leasing
  • Proof of earnings from fixed assets or shareholding
  • Proof of the sale of shares in a company
  • Proof of earnings from investments

Simply stating the source of the funds is not sufficient. Please send the required documents as a JPG/JPEG, PNG or PDF via the “Proof of Funds” section of our contact form. Unfortunately, attachments in other formats cannot be processed. 

Accepted proof for cryptocurrency funds

In order to approve your pending transaction and ensure that future ones are processed quickly, please provide the following information:

  • A detailed description of the origin of the total amount of coins in your account
  • If the coins were acquired through a sale, please submit a copy of the contract which confirms a payment in cryptocurrencies
  • If the coins were acquired through cryptocurrency mining activities, please submit receipts for the purchase of mining hardware/electricity bills
  • If the coins were acquired through early investment in cryptocurrencies, please submit documentation of the trades and transaction IDs. A block explorer link of your deposit is not sufficient, please provide proof of your acquisition of these cryptocurrencies.

To verify the source of your coins sold on our platform, we kindly ask you to send:

  • A screenshot of your transaction history to track the crypto-payment-flow
  • Your coin addresses, which received the proceeds, so that we can verify them directly on the blockchain

Simply stating the source of the funds is not sufficient. Please send the required documents as a JPG/JPEG, PNG or PDF via the “Proof of Funds” section of our contact form. Unfortunately, attachments in other formats cannot be processed. 

Why is it needed?

We understand that it may not always be easy to provide all the evidence but we are required to request this proof by law. If you are unable to provide the proof, please contact our support team directly via our contact form.

If required, further information on this topic can be found in our privacy policy under the heading “Details to and proof of funds” and under point 2.7 of our terms & conditions.

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