Source of funds
Source of funds
To verify your account to Level 3 you need to provide evidence of your source of funds.
If you want to buy cryptocurrency worth more than $30,000, or if you wish to buy privacy coins like Monero and Dash, you need to verify your source of NZD.
If you want to sell cryptocurrency worth more than $30,000, you need to verify your source of cryptocurrency.
Some examples of sources of funds are set out below. If you have a source of funds that isn’t included here, just get in touch and we can help you out.
Verifying your source of NZD
Sources of funds | Examples of evidence |
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Employment (e.g. salary, wages etc) |
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Long term savings |
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Gifts |
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Rental income |
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Sale of property |
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Sale of shares |
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Loan drawdown |
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Inheritances |
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Running your own business |
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Verifying your source of cryptocurrency
If you bought your cryptocurrency through us originally, kei te pai! Nothing further required. You’ll be able to sell the same amount back to us, no matter what the value has changed to. E.g. if you bought 3 BTC from us and 10 XRP you can sell back 3 BTC and 10 XRP regardless of how high they moon.
If you got your cryptocurrency somewhere else, you’ll need to provide us with evidence to show where this has come from. Applications will be considered on a case-by-case basis, and we can’t provide any guarantees on what will be accepted or not. However, we can provide some guidance on the types of things we ask for:
Sources of funds | Examples of evidence |
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Cryptocurrency purchased on an offshore exchange |
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Cryptocurrency purchased through localbitcoins |
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Cryptocurrency purchased on a NZ exchange |
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For other cases, the type of questions we might ask are:
- Where is the cryptocurrency now? Provide addresses for the current wallet(s)
- How did it get there? Past blockchain history showing movements to get there
- How did you get it? Records of your trading history and bank history supporting
For any questions, or to discuss your specific situation, just get in touch and we can help you out.