Proof of Funds
Based on applicable rules and regulations Bitvavo is (in some cases) required to investigate the origin of the funds used on the Bitvavo platform.
When is a Proof of Funds required
Note: Bitvavo reserves the right to request a Proof of Source of Funds even though you did not exceed the limits of your account level.
What is Proof of Funds?
A Proof of Source of Funds (POSOF) is any (collection of) document(s) that explains where the funds deposited in euro or digital assets at the Bitvavo platform originates from.
Any POSOF document submitted needs to cover all deposits or withdrawals via that particular funding method. If you have made deposits or withdrawals earlier you should make sure that the POSOF documentation covers any previous deposits or withdrawals as well as the most recent one.
Acceptable individual POSOF documentation:
Note: a distinction has been made below between deposited euro funds and deposited digital assets.
For euro funds:
- Tax return (last taxable year);
- Payment slip(s) showing last 12 months income;
- Bank account statement;
- Equities statement broker;
- Gift agreement + bank statement gift;
- Deed of transfer + bank statement deed of transfer;
- Other documents.
For digital assets:
- Bank statements of the purchase of digital assets that are deposited at Bitvavo from other exchanges;
- Trading history of other exchanges;
- Other documents.
You can upload your documentation here and, based on the provided documents, our compliance team will determine individual limits. You can increase your limits at any time.
We understand that you value your privacy and we do everything we can to safeguard the information you provide as good as possible. More information about how Bitvavo handles the information you provide and how Bitvavo ensures the security of your information can be found here.