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All documents received by alt.co are stored on our services, within a secure environment, based in Geneva, Switzerland. All personal information remains in the company’s possession for a minimum period of 10 years as required by law and is not disclosed to third parties unless required by law.
We accept all passports containing an MRZ code as well as all European ID cards. In addition, you will need to provide a proof of address, a document that needs to be dated less than 3 months and contains your full name and full address. Examples of acceptable documents are:
- Any utility bill (fixed line phone, cable, internet, gas, water, electric)
- Bank Statement
- Tax statement (no more than 12 months old)
- Official residency document
Once we have had the initial call and explained our services, we will have a specific KYC call where you will provide us with your crypto history, including initial purchase of cryptos, ICO participation, exchange history, etc. We will ask you to provide this information to us in detail so that we can draft your KYC.
It typically takes 4-6 weeks to open a bank account in a Swiss private bank following the initial call. We draft the KYC within one week and submit it to the bank, who then takes 3-4 weeks to review, send out documents, and open the bank account. Note, Banks are third parties. Neither Alt.co nor Altcoinomy SA perform any custodial activities beyond 60 days.
You can travel to Geneva for a face-to-face meeting but it is not a requirement as we can identify you via our video identification platform as well as validate your passport with our ID document validation software.
While the minimum amount for the opening of an account varies bank to bank, typically, a client is expected to fund his/her account with a minimum of USD 1 million within 6-12 months of the account being opened with at least 60-70% of this amount invested in a portfolio of assets.
Yes, via our paymastering services, we can cash out your crypto assets and settle your invoices for you prior to your account being opened.