How to Verify a Business Account for Buying and Selling Crypto on Altcoins.bg
After successfully creating and verifying the individual profile, please create your business profile. Once both profiles are complete, contact us so we can send you the necessary documents to fill out.
Once your business profile is linked to your personal one, you’ll be directed to a short questionnaire with required fields. After that, you’ll proceed to the document validation stage.
These are standard details, except for one tip regarding the “First and last invoice number” field:
If your paper invoices start with 0 and your electronic ones with 1, you can give us a new sequence starting from 2, 3, etc.
Invoices should not be duplicated, so using a new sequence for your crypto activity is a great approach. That’s it — simple as that!
Keep in mind that cryptocurrencies are considered financial instruments, and invoices are not legally required for them. However, for your and our accounting, having everything documented is preferable.
Your IBAN is entered in the “Addresses” section in the settings of your business profile. Once saved, it will auto-fill in future orders to save you time.
After completing this step, you’ll receive an email from us with a document package to help us understand more about your company and the purpose of your business relationship with us. This includes:
1. Client Profile Form
2. Declaration of Ultimate Beneficial Owner
3. Source of Funds Declaration
4. Politically Exposed Person Declaration
Client Profile Form
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In this document, you’ll need to provide the following general company details:
Company Name:
Legal Form: (e.g., Sole Trader, Ltd., JSC)
Registered Office and Management Address:
Correspondence Address (if different):
Current Business Activity:
Nature and Purpose of Business Relationship: Buying and selling cryptocurrency
Company Duration: “Indefinite” unless stated otherwise
Managing and Supervisory Authorities: e.g. Manager, Board of Directors
Type and Members of Collective Management Body (if applicable):
Main Place of Business Activity:
Ownership Structure: According to the UBO declaration
The section "Details of Legal Representative / Authorized Person" should be straightforward.
Declaration of Ultimate Beneficial Owner
This document identifies who ultimately owns or controls the company and how ownership is structured.
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Filled out by the manager or authorized person who registered the company with us.
Specify whether this person is a legal representative or a proxy.
Section I: List individuals who are owners of the company, along with their ownership percentages.
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For single-owner LTDs, only the manager’s data is required.
Section II: Provide details of any legal entities that own shares.
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Leave this section empty if there are no such entities.
Section III: Repeat the details of the manager or appointed person.
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Source of Funds Declaration
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Fill in the details of the company manager or authorized person.
In the next part, describe the nature of the business relationship and the source of funds:
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Nature of relationship: Buying and selling crypto on Altcoins.bg
Transaction purpose (optional): Leave blank unless this is a one-time transaction (then specify order number)
Amount: Typically “Over 30,000 BGN” for company accounts
Source of funds: Describe the origin of the money used for crypto transactions
Politically Exposed Person (PEP) Declaration
By law, PEPs are considered high-risk clients, so their transactions must be monitored more closely. This declaration helps determine if the client is a PEP or linked to one.
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In the first section, mark if the person is or is not a PEP.
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If you are or are related to a politically exposed person, select the applicable options. If not, simply mark “No” as shown above.
