What to prepare before moving crypto proceeds to a bank?

Talk to the bank first

Tell your relationship manager what you plan to transfer, from which exchange and roughly how much. Ask whether the bank accepts crypto-derived funds, which exchanges it is comfortable with and what documents compliance will want. Some banks prefer to review the file before the money arrives, and some suggest a smaller first transfer.

Your preparation checklist

• All wallet addresses and exchange accounts that held the assets, with proof of control.
• Complete exchange statements, including deposits, trades and withdrawals.
• Evidence of the original acquisition: bank transfers, mining records, contracts, inheritance documents.
• Tax returns showing the holdings and, where relevant, declared gains or income.
• A short written explanation of the purpose of the transfer (purchase of property, investment, living costs).
• For larger or complex histories, an independent source of funds report.

Choose a clean route

Sell on a regulated exchange where your account is verified in your name, and send the fiat directly to your own bank account. Avoid peer-to-peer cash trades, third-party accounts and last-minute hops through many wallets. Do not use mixers or privacy services before the transfer: they make the funds harder, not easier, to accept. If you are unsure about past exposure, screening your own addresses beforehand shows what the bank's tools are likely to see.

Check the tax position

Banks routinely ask whether the crypto was declared. Depending on where you are tax resident, crypto may have to be reported as an asset and gains on a sale may be taxable; in a few countries, such as Switzerland, private holdings are also subject to wealth tax. Fixing any gap with your tax adviser before the transfer avoids a second problem during the bank review.

How Advisorn helps

Advisorn reviews your wallets before the transfer, prepares a signed report with verifiable annexes and answers the bank's follow-up questions.