How to Complete the Source of Wealth Declaration

Why do I need to complete the Source of Wealth Declaration (SOW)?

To ensure users' safety and security, Binance is committed to complying with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. One of our regulatory obligations includes the collection of information and documentation in certain instances to verify our users’ source of funds and/or wealth. Certain users may be required to complete a different SOW Declaration to access fiat products on Binance. Please refer to this FAQ for more details.

How to complete the Source of Wealth Declaration? A step-by-step guide

Please do not refresh your browser during the process.

If you’re using the Binance website:

1. Log in to your Binance account and go to [Profile] - [Identification].

Click [Start Now].

If you’re using the Binance App:

1. Log in to your Binance App and tap [Profile]. Tap your profile to go to [Verifications].

Tap [Start Now].

2. You’ll be redirected to the Politically Exposed Person (PEP) Declaration page. If you are a PEP, you will be required to complete a PEP declaration form. Tap [Continue] to proceed.

What is a Politically Exposed Person (PEP)?

PEP “politically exposed person” is natural:

a) WHO IS OR WHO HAS BEEN ENTRUSTED WITH A PROMINENT PUBLIC FUNCTION: • Head of state • Head of government/Prime Minister • Minister • Vice or deputy * minister • Assistant minister • Parliamentary Secretary • Member of Parliament • Judge in the Supreme Court • Judge of Constitutional Court or other high-level judicial bodies, the decisions of which are not subject to further appeal, except in exceptional circumstances • Member of courts of auditors • Member of the board of the Central bank • Ambassador • Embassy Council • Chargés d'affaire • High ranking officer in the armed forces • Member of administrative, management or supervisory body of State-owned enterprises.

b) a natural person WHO IS OR WHO HAS BEEN ENTRUSTED WITH A LEADING FUNCTION OF AN INTERNATIONAL ORGANISATION: • Inform about the organization and type of leading function: president, director, deputy director, secretary general, member of the board, chairman of the board, vice chairman of the board or equivalent function.

c) A FAMILY MEMBER TO THE PERSON (PEP) STATED IN a) and b) ABOVE: • Spouse • Person considered to be equivalent to a spouse according to national law • Child • Child’s spouse or person considered to be equivalent to a spouse.

3. Enter your information to complete your SOW Declaration details. You will need to upload documents to prove your annual income and source of income. Please make sure that all the information entered is consistent with your supporting documents.

4. Select all relevant source(s) contributing to your total net worth.

5. Tap [Upload File] to submit your supporting documents.

Notes:

The name on the supporting documents should match the name on your identity document. If this is not the case, you will need to clarify why third-party documents are linked to your verification.
The documents must be obtained from the most recent possible period (i.e., from at least the last month).
Please ensure the issuer’s name, issue date, and all other information are clearly visible on the documents.

6. After completing the SOW Declaration, please be patient while we review your documents in a timely manner.

You may refer to the example list of acceptable documents below:

SOF Options	Documentary Evidence
Salary	1) Payslips showing income from at least the last month; 2) Bank statement showing salary payments from the employer for at least the last month; 3) Tax statement from the previous tax year.
Self-employment	1) A tax statement from the previous tax year; 2) The latest invoices/contracts/agreements for self-employed services or profit/loss statements proving your monthly or annual income.
Savings	Statement from a savings account, issued in the last 3 months.
Allowance	1) Bank statement showing allowance transfers from the last 3 months; 2) Government-issued allowance or other social benefits statement.
Pension	1) Bank statement showing pension transfers from the last 3 months; 2) Government-issued pension statement; 3) Pension fund statements.
Dividends Payments/Profit from a Company	1) Dividend statements; 2) Distribution agreements; 3) Bank statement showing dividend payments; 4) Latest audited company accounts.
Daytrading	1) Transactions statements, proving trading activity for the last month; AND Bank statement, showing trading profit withdrawals deposited in the account. *Both documents must show account registration details and the issuer logo. 2) Tax statement for the previous tax year, proving trading profits income.
Gambling	1) Transactions statements, proving gambling activity for the last month; AND Bank statement, showing gambling profit withdrawals deposited in the account. *Both documents must show account registration details and the issuer logo. 2) Tax statement for the previous tax year, proving gambling profits income.
Passive Income	1) A signed rental/lease agreement AND one of the following: a. Bank statement, showing the latest rental/lease payment; b. Latest rent/lease receipts; 2) Any other documents proving your passive income (e.g., book royalties, affiliate marketing, staking, etc.) for the last month.
Loans/Mortgages	A loan/mortgage contract showing the loan amount and repayment plan; AND a bank statement showing the loan/mortgage deposit into your account.
Sale of Financial Assets	1) Statement from an investment provider; 2) Bank statement displaying settlement from an investment provider; 3) Other statements or documents proving your investment profit (from bonds, stocks, etc.).
Sale of Real Estate or Other Assets	1) Contract of sale/settlement statement; 2) Signed letter from a solicitor/lawyer/estate agent confirming the property sale; 3) Land registry/title deed copies. *Bank statement showing the deposit of sale funds into your bank account is also accepted.
Inheritance	1) Copy of will/testament; 2) Signed letter from the executor of the will/lawyer/solicitor/grant of probate.
Donations	1) Donation agreement for real estate or other assets; 2) Sworn affidavit/signed letter from the donor declaring the nature of the gift; 3) Bank statement showing bank deposit of the donation.
Crypto Mining	1) Proof of purchase for the hardware used for mining (showing your details and the seller's); 2) Proof of all mining revenues from the relevant platform(s)/exchange(s). *Please provide screenshots for your transaction history (for at least 3 months), detailing all activities with the mined coins and displaying wallet addresses and transaction IDs. These must be taken from the relevant platform/exchange and include your account details.