Your “wealth” (for Binance verification purposes) is the approximate total amount (in fiat currency) of all your owned assets, including both traditional financial assets and cryptocurrency holdings.
Source of Wealth (SoW) refers to the origin of your wealth—the activities through which you have generated the majority of your owned assets. Please select the activities that have significantly contributed to your overall wealth.
For example, your Source of Wealth could be your salary, an inheritance you received, a business you’ve built, or investments that have grown in value.
Your “funds” (for Binance verification purposes) are the total amount of all your fiat or crypto-asset deposits within your Binance account.
Source of Funds (SoF) refers to the origin of your funds—the activities through which you have generated the fiat or crypto funds deposited into your account.
If you have not yet completed any deposits with Binance but are requested to conduct Source of Funds verification, please declare the activities you will use to accumulate the funds that you plan to deposit in the future.
Source of Funds should not be mistaken with your regular “income”—funds that are coming from your occupation in the form of salary/self-employed payments or your pension, etc. Deposited funds in Binance may come from your income, but they can also come from other sources and not be related to it, such as an inheritance or insurance payments that you have deposited into your Binance account.
Method of Transfer is proof of how and where the funds are being deposited from. This for example could be a bank statement showing fiat deposits made to your Binance account, or a crypto wallet address from which crypto-assets are being deposited.
Why do I need to provide proof for Source of Funds and Source of Wealth to Binance?
To ensure users' account safety and security, Binance is committed to complying with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. In our continuous efforts to fulfill regulatory obligations, we may need to gather additional information and supporting documents related to users’ Source of Funds (SoF) and Source of Wealth (SoW) in certain instances.
Acceptable documents for Source of Funds and/or Source of Wealth
As a general rule, all accepted documents must:
Be issued in your name: If you are presenting documents issued in the name of a third party, please select the “Other (Please elaborate)” option in the SOW/SOF section to explain the background for providing the documents and your relationship with the third party.
Be genuine: Any attempts at document manipulation may lead to termination of your account relationship with Binance.
Be clear and visible with appropriate pixel density (at least 300 DPI - dots per inch): Do not highlight, mark, or edit parts of the document to point information (unless requested). Do not hide parts of the document, as this obscures its readability. If any parts of the document must remain hidden, provide a clear justification by selecting the “Other (Please elaborate)” option.
Show issuer name/logo details;
Show the issuing date;
Be recent: The document should be obtained for the most recent possible and appropriate period (e.g., month, quarter, year). For example - latest salary from the last month; latest tax declaration for the latest possible tax year; a real estate sale contract from the year of the sale.
Be in an acceptable form: Screenshots are accepted, but preferably in .pdf original copies or photos of physical documents with all 4 corners visible (cropped documents are not accepted).
Below is a non-exhaustive list of acceptable documents. If your financial situation or sources differ from the listed activities, please select the "Others (Please explain)" option, provide detailed clarifications, and upload supporting evidence accordingly.
Please expand the sections below based on your Source of Wealth or Source of Fund type to view more details. Uploading the correct documents will help to expedite the verification process.
SOF Options
Documentary Evidence
Salary
Payslip showing salary payment from the last 3 months
Bank statement showing salary payment from the last 3 months
Latest tax statement
Self-employment
Latest tax statement
Bank statement showing monthly income payments from the last 3 months AND a business registration document.
Savings
Savings account statement showing the saved amount around the time the deposits were made and which indicates funding transactions
Evidence proving how the savings have been generated
Allowance
Signed letter (from the last 3 months) confirming the details of the allowance AND Allowance-provider's identity document, OR
Bank statement showing allowance payments (from the last 3 months) AND allowance-provider's identity document (ID is not necessary if your surnames are matching).
*For allowances of significant amounts (above the user’s country's median income), please also provide proof on the Source of Funds/Source of Wealth of the allowance provider and their ID.
Pension/Social Benefits
Pension/Social benefits statement from the provider (e.g., government, employer or insurer)
Letter from the pension/social benefits provider confirming the amount, frequency, and period
Bank statements showing pension/social benefits deposits
*Note: Documents must show payments from the last 3 months
Dividends Payments/Profit from a Company
Latest dividend payment statements/dividend distribution agreements
Latest audited company accounts detailing your dividend distributions
*Notes:
For irregular dividend periods, proof should cover all of the funds deposited in the Binance account.
Documents should be signed, stamped, or digitally verified per local laws.
If funds can be legally withdrawn from the user's company without issuing dividends, they can just submit bank statements or financial documents proving the latest owner's draws/withdrawals or company bonuses/profit distributions.
Daytrading
Latest Tax Statement showing annual day trading profit
Letter from a certified financial advisor/accountant, confirming day trading activities and annual profit
Last 1 year's profit/trading statements showing total profit AND bank statement for the period showing the profit withdrawals
*Note: Statements should display personal details and issuer logo. Screenshots of transaction history without displayed account details are not accepted.
Letter from a certified financial advisor/accountant, confirming gambling activities and annual profit
Last 1 year's profit/gambling statements showing total profit AND bank statement for the period showing the profit withdrawals
*Note: Statements should display personal details and issuer logo. Screenshots of transaction history without displayed account details are not accepted.
Passive Income
Signed rental/lease agreement AND either:
Bank statement, showing the latest rental/lease payment; OR
Latest rent/lease receipts
Latest tax statement, proving the received passive income;
Other documents evidencing passive income (e.g., royalties, interests, affiliate marketing, staking etc.) for the latest month.
Loans/Mortgages
Bank or Financial Institution Loans:
Loan contract showing amount and details, AND
Bank statement displaying the loan deposit.
Personal (Private) Loans - from natural persons:
Affidavit letter or contract confirming the loan, AND
Bank statement displaying the loan deposit.
Microfinance/P2P Lending Loans:
Loan contract showing amount and details,
Platform statements, AND
Bank statement displaying the loan deposit.
*Note:
All documents (except loan contracts) must be issued in the last 3 months.
For private loans of significant amounts, please provide proof on the Source of Funds/Source of Wealth of the allowance provider and their ID.
Sale of Financial Assets
Sale statements from investment provider, OR
The sale transaction receipts, OR
Other documents proving the asset sale profit,
AND
Bank statement showing the sale proceeds, OR
Tax statements reporting the assets sale profit.
*Note:
Documents should be issued in the last 3 months (except tax statements/when not technically possible).
The sales must be executed before or within the deposit period.
Sale of Crypto-assets
Exchange or other statements showing the sale of crypto to fiat transactions, OR
Receipt or confirmation of the sale of crypto to fiat transactions AND
Bank statement displaying the crypto-asset sale proceeds, OR
Tax statement detailing the crypto-asset sale capital profit
*Note:
Documents should be issued in the last 3 months, except tax documents (should cover the sales year)
The sales must be executed before or within the deposit period.
Sale of Real Estate or Other Assets
Sale contracts, OR
Settlement/Closing statements, OR
Letter from legal/real estate professional detailing the assets sale;
AND
Bank statement showing sales proceeds, OR
Tax statement reporting sale profit
*Note:
For sales of joint assets, please declare only your portion of the sale (consistent with bank/tax statement proof)
The sales must be executed before or within the deposit period Bank statements should be issued in the last 3 months, tax statement/others should cover the sale period
Purchase contracts of Real estate/other assets are not accepted (only sale contracts).
Inheritance
Copy of will/testament, OR
Signed letter from will's executor/lawyer/grant of probate, OR
Distribution statement from executor/administrator, OR
Tax statement reporting amount of inheritance received
AND
Bank statements, reflecting the deposit of inherited funds in your account
*Note:
If the user has sold inherited assets and deposited the funds with Binance, then options Sale of Real estate or other assets should be used for verification.
Bank statements must be issued in the last 3 months, tax statements should cover the inheritance year.
Inheritance documents should be dated before or within the deposit period.
Gifts/Donations
Donation agreement, OR
Signed letter (from the last 3 months) confirming the details of the gifts/donation and the donator's identity document, OR
Charity/non-profit organization confirmation receipt detailing the gift/donation
AND
Bank statement reflecting gift/donation deposit.
*Note:
For gifts/donations of significant amounts, select option "Other (Please elaborate)" and explain the Source of Funds/Source of Wealth of the donator; attach evidence and their ID.
Gift/donation documents should be dated before or within deposit period.
Peer-to-Peer (P2P) Trading
Account statements and trade history - showing dates, assets types and amounts of transactions, AND
Deposit and withdrawal records from the used P2P platforms, AND
Bank statement, showing counterparty P2P deposits OR
Tax statement reporting P2P trading income AND
Supporting documents to prove origin of trading capital
*Note:
Documents (except tax statements) should be issued within 3 months) and cover at least 1 year.
Users could back up their case additionally by sending us documentation/correspondence with P2P parties to ease the verification.
Arbitrage Trading
Account statements and trade history from all platforms used for executing the arbitrage trades, showing dates, assets types and amounts of transactions. AND
Deposit and withdrawal records from the used arbitrage platforms
AND
Bank statement, displaying arbitrage-related deposits OR
Tax statement reporting arbitrage trading income AND
Supporting documents to prove origin of arbitrage trading capital.
*Note: Documents (except tax statements) should be issued within 3 months) and cover at least 1 year.
Official Confirmation from A Certified Professional
Confirmation on the Source of all total deposited funds in your account from a certified professional, such as a lawyer, accountant, financial adviser, or tax professional, confirming the origin of the funds and their amount.
*Note: Documents must show the certifier's name; address, position, register numbers, other details, AND be signed and/or stamped according to the local legislation.
Others (Please Explain)
Any type of relevant documentation that can be used to verify the origin of user’s funds (in accordance with user explanations)
SOW Options
Documentary Evidence
Salary
Payslip showing salary payment from the last 3 months
Bank statement showing salary payment from the last 3 months
Latest tax statement
Self-employment
Latest tax statement
Bank statement showing monthly income payments from the last 3 months AND a business registration document.
Pension/Social Benefits
Pension/Social benefits statement from the provider (e.g., government, employer, or insurer)
Letter from the pension/social benefits provider confirming the amount, frequency, and period
Bank statements showing pension/social benefits deposits
*Note: Documents must show payments from the last 3 months.
Company Ownership
Latest Shareholding Documents
AND
Latest audited company financials, OR
Official Business Valuation Report (from last year), OR
Latest tax statement from a company or personal tax statement, indicating the value of the company
Dividend Payments/Company Profits
Latest dividend payment statements/dividend distribution agreements
Latest audited company accounts detailing your dividend distributions
*Note:
For Irregular dividend periods, proof should cover all of the funds deposited in the Binance account.
Documents should be signed, stamped, or digitally verified per local laws
If funds can be legally withdrawn from the user's company without issuing dividends, they can just submit bank statements or financial documents proving the latest owner's draws/withdrawals or company bonuses/profit distributions.
Savings
Savings account statement showing the total saved amount around and funding transactions
Evidence proving how the savings have been generated
Inheritance
Copy of will/testament, OR
Signed letter from will's executor/lawyer/grant of probate, OR
Distribution statement from executor/administrator, OR
Tax statement reporting amount of inheritance received
Bank statements, reflecting the deposit of inherited funds or assets (for inherited funds in bank accounts)
*Note:
If the user has sold the inherited assets and holds fiat funds instead, "Savings" option should be applied.
Bank statements must be issued in the last 3 months, tax statements should cover the inheritance year.
Gifts/Donations
Donation agreement, OR
Signed letter (from the last 3 months) confirming the details of the gifts/donation and the donator's identity document, OR
Charity/non-profit organization confirmation receipt detailing the gift/donation,
AND
Bank statement reflecting gift/donation deposit.
*Note:
For allowance income, please select "Allowance".
If you have sold gifted/donated assets and hold fiat funds instead, please select "Savings".
For gifts/donations of significant amounts, please provide proof on the Source of Funds/Source of Wealth of the allowance donator and their ID.
Daytrading
Latest tax statement showing annual day trading profit
Letter from a certified financial advisor/accountant, confirming day trading activities and annual profit
Last 1 year's profit/trading statements showing total profit AND bank statement for the period showing the profit withdrawals
*Note:
Statements should display personal details and issuer logo.
Screenshots of transaction history without displayed account details are not accepted.
Allowance
Signed letter (from the last 3 months) confirming the details of the allowance AND Allowance-provider's Identity document, OR
Bank statement showing allowance payments (from the last 3 months) AND the allowance-provider's identity document (ID is not necessary if your surnames are matching).
*Note: For allowances of significant amounts (above the user’s country's median income), please provide proof on the Source of Funds/Source of Wealth of the allowance provider and their ID.
Mortgages/Loans
Bank or Financial Institution Mortgage/Loans:
Mortgage/Loan contract showing amount and details AND
For loans, a bank statement showing the loan deposit into the account
Personal (Private) Loans from natural persons:
Affidavit letter or contract confirming the loan, AND
Bank statement displaying the loan deposit
Microfinance/P2P Lending Loans:
Loan contract showing amount and details, AND
Platform statements, AND
Bank statement displaying the loan deposit
*Note:
All documents (except mortgage/loan contracts) must be issued in the last 3 months.
For private loans of significant amounts, please provide proof on the Source of Funds/Source of Wealth of the allowance provider and their ID.
Real Estate
Property deeds/titles
Purchase contracts
Recent valuation report
Tax statement indicating value of the property
*Note: Sale of Real estate documents are not accepted. If it was sold, select “'SOW - Savings”.
Financial Investments
Investment account statements
Portfolio valuation reports
Bond/Securities certificates
Share certificates or ownership documents
Tax statement
Other documents to prove your investment holdings
*Note: All documents must be issued in the last 3 months in general, tax statements should cover the latest tax year.
Crypto Investments
Crypto-assets platform or exchanges account statements, showing holdings and personal details,
AND
Documentation of various crypto activities (e.g., ICO, staking, Defi), showing holdings and personal details, OR
Tax statement showing crypto holdings or tax on crypto profits, OR
Written confirmation from a certified financial advisor, accountant, or tax professional explaining the crypto investments and its profits.
*Note: For crypto to fiat sale documents, select “Savings”.
Official Confirmation from a Certified Professional
Confirmation on the Source of the Total Wealth of the user from a Certified professional, such as a lawyer, accountant, financial adviser, or tax professional, confirming the origin of the funds and their amount.
*Note: Documents must show the certifier's name,address, position, register numbers, and other details, AND be signed and/or stamped according to the local legislation.
Other (Please Explain)
Any type of relevant documentation that can be used to verify the origin of user’s funds (in accordance with user explanations)
Unacceptable documents for Source of Funds and/or Source of Wealth
These are typically documents that do not correspond with the information you've declared or do not clearly demonstrate the origin of your wealth or funds. It will be reviewed on a case-by-case basis, and if necessary, our team will reach out to you for any clarifications, or request you to provide alternative documents.
