Cryptocurrency Q&A
What is proof of funds for Bitcoin?
What is proof of funds for Bitcoin?
MysticEchoFirefly
Thu Dec 05 2024
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6 answers
791
I'm trying to understand what proof of funds for Bitcoin is. I know it's some sort of evidence that shows a person or entity has a certain amount of Bitcoin, but I'd like a more detailed explanation.
6 answers
Bianca
Fri Dec 06 2024
The acceptable documents for verification purposes include wallet transaction statements.
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IncheonBeautyBloom
Fri Dec 06 2024
The transaction type, whether it is a deposit or withdrawal, must be specified in the document.
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Martina
Fri Dec 06 2024
The currency involved in each transaction and the amount must be clearly stated.
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CosmicWave
Fri Dec 06 2024
Screenshots of transaction records are also viable options for providing proof of transactions.
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BlockchainBaroness
Fri Dec 06 2024
A file, such as a .csv file, can be submitted to show a clear outline of the external wallet inflows and outflows.
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