What documents are accepted as proof of sources of funds from decentralized finance?

Published on Nov 12, 2024Updated on Mar 7, 20252 min read

As decentralized finance (DeFi) operates on blockchain technology, it differs significantly from traditional financial systems in how funds are verified. Understanding the acceptable forms of documentation is crucial for individuals and entities engaging in order for them to be able to continue their trading in Centralized Finance (CeFi). This guide explores the key records typically recognized to demonstrate the origin of funds in the decentralized ecosystem.

What are the commonly accepted proof types for the source of funds from decentralized finance?

Regular users

  • Statements from an exchange platform.

  • Bank statement showing receipt of funds from exchange.

  • Transaction receipts from decentralized exchanges showing funds swapped or obtained.

Note: have to be issued within 3 months.

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Authentic documents as proof of the source of funds

Airdrop participation

  • Screen capture that shows proof of the airdrop allocation from the Telegram airdrop games.

  • Transaction history from your cryptocurrency wallet(s) showing the airdrop transaction, including the token name, amount received, and timestamp.

  • Screen capture of your Telegram profile that clearly displays your registered details (for example, username and phone number) confirming ownership.

  • Screen capture that shows proof of the token amount awarded to verify the amount that you received.

  • Statements issued by the airdrop organizer.

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Identifying the proof of fund through the details on the Telegram wallet

NFT reselling

  • Screen capture from the NFT marketplace or wallet displays the specific NFTs owned by you.

  • Transaction history from your cryptocurrency wallet(s) showing the buying and selling record of the NFTs, including the transaction details, purchase date, and price paid.

  • Screen capture from the platform that clearly displays your profile information (for example, username and email) confirming ownership.

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Important details to confirm the transaction of the NFT

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