Quote from: gribble on June 03, 2017, 05:54:55 PM

Quote from: erikalui on June 03, 2017, 01:51:21 PM

I use exchange websites to withdraw my bitcoins for fiat to my bank account. I wish to know that if in case the bank asks about the source of the income and source of bitcoins, what would I proof can I give them? I commonly earn from signature campaigns, freelance tasks and translations but giving them the complete details would be too much.

Has anyone ever provided proof or their source of bitcoins to any bank or legal organization? What would be the best way to prove it?

I think you must explain about the source of bitcoins to them, i don't think there are way to prove to them
because there are no indentity needed on bitcoins, how if you change the method withdrawal to fiat via
bitcoins debit cards that no needs verification when use them like uquid debit cards.

In my case, the local exchange that I used will initially asked you the source of your bitcoin before being approved by them. You have to submit some valid documents like passport or SSS Id. They will verify this and will make the decision to approved you or not. I was denied initially because they said that the documents I submitted was blurred and asked me to resubmit. So after a few weeks of back and forth email, they have finally approved it. And if I want to increased the maximum withdrawal, I have to submit another legal document. But I didn't bother because I only converted few bitcoin because the rest is it my desktop or paper wallet.