How can I verify the origin of my funds to reach the Advanced Level?

To operate with higher limits on Bitnovo (Advanced Level), you need to verify the origin of your funds. This process is key to comply with regulations and ensure the transparency and security of your transactions. The goal is simply to understand where your funds legitimately come from.

What is "Origin of Funds"?

It refers to the legitimate source of your wealth or the assets you use on Bitnovo. It's a confirmation that the funds you move have a clear and legal origin.

Valid documents to verify the origin of your funds:

The necessary documentation will depend on the source of your funds. Here are the most common types of documents:

• Salary / Employment Income: Recent pay stubs (last 1-3 months) or your latest tax return.
• Savings / Personal Wealth: Bank statements (last 3-6 months) showing savings accumulation or fund flow.
• Investment Gains: Investment statements or stock sale certificates showing gains or dividends.
• Sale of Assets: Sales contract or deed of sale, along with the bank receipt of the transaction.
• Inheritance: Copy of the will or declaration of heirs, and proof of receipt of the inheritance.
• Business Profits / Professional Activity: Your company's tax returns (VAT, Corporate Tax) or invoicing certificates.
• Loans: Loan agreement and bank statement showing receipt of the loan.

General Requirements for Documents:

• Full Name: Must match your Bitnovo account.
• Issue Date: Recent documents (generally from the last 3 to 12 months, depending on the type).
• Clarity and Legibility: Clear images, without reflections or cropping.
• No Tampering: Must be originals or faithful copies.

How long does verification take?

Once you submit your documentation, our team will review it within business hours. We will notify you when your verification is approved. If your documents are rejected, we will specify the reason.