This article is tailored to clients located in Germany. If you are not based in Germany please visit this article!
A proof of source of funds (POSOF) document explains where the funds originated from for a bank deposit, crypto deposit, or where the crypto assets used for a cash withdrawal originated. POSOF may also include cryptocurrency balances, on exchanges or self custodial wallets.
We reserve the right to request a proof of source of funds for clients depositing or withdrawing cash/crypto.
Any POSOF document submitted needs to cover all deposits or withdrawals via that particular funding method. Ensure that the POSOF documentation you provide covers any previous deposits or withdrawals as well as the most recent one. Additionally, in some cases, a signed message from the originating crypto wallet may be required.
Acceptable POSOF for Individuals
Salary
- Payslip / wage statement
- Work contract
Business Income
- Profit and loss statement
- Audited annual financial statement
Personal Savings
- Savings account statement
Crypto
- Trading history
- Purchase agreements
- Cash deposit slips
- Proof that explains where the funds came from that were used to purchase crypto
Pension
- Pension statement
- Pension payment receipt
Social Welfare
- Asylum Seekers' Benefits Act agreement
- Job Centre agreement
- State support receipt for special conditions, example: disability
- Earnings according to the court order
Loans
- Signed loan agreement
Interest and Dividends
- Interest and dividend payment receipt
- Proof of investment relating to interest and dividend payments
Inheritance
- Inheritance contract
- Inheritance payment receipt
Investments
- Investment account statement
- Investment contract
Gifts
- Donation agreement
- Account statement
- Signed agreement
Gambling Income
- Account statement
- Payment receipt
- Profit tax
Acceptable POSOF for Business Accounts
- Audited Financials
- Tax Return (last two taxable years)
- Bank or Brokerage Letter Stating Assets
- Standardized statement from Kraken or other digital asset exchange
- Proof of balance at crypto trading platforms(s)
Note: Some funding methods may require additional documentation.