Documenting Your Crypto Assets

Question: What documentation are mortgage borrowers required to provide to show 60 days ownership of cryptocurrency when they cannot receive an official statement?

Scenario #1: If your crypto holdings are stored/managed via an exchange: The easiest way to document your crypto holdings is to generate two statements from a crypto exchange (Coinbase, Gemini, Binance, etc), covering most recent 60 days, similar to your checking and savings account statements. If that it not a viable option on your exchange, our underwriters will allow you to provide your withdrawal and deposit activity for the most recent 60 days. This YouTube video shows how you could view your withdrawal and deposit history. You would need to provide the view that shows a 60-day history for both withdrawal and deposits. Once visible, print this page and save it as a PDF (important: make sure the headers and footers box is checked, as this will include the URL into the printout). Then provide this printout to your loan officer, along with other asset documents

Scenario #2: If your crypto holdings are not being held on an exchange: please be ready to provide all of the following documentation:

1. Proof of initial purchase on an exchange (or gift paperwork, if gift)
2. Proof of transfer from an exchange to offline storage
3. Proof of transfer back to an exchange (from the same wallet address to which it was transferred initially)
4. Proof of sale
5. Proof of transfer of funds to a liquid checking/savings account