Private Clients
Cash Out Your
Crypto Wealth Smoothly
alt brings Institutional OTC trading and banking access to everyone. Early-adopters, miners, and traders have all encountered the same issue when required to consolidate years worth of transactional history, often across countless exchanges, some no-longer in existence, kept on numerous wallets: Over the years, alt has successfully solved even the most complex cases for its’ clients.
Your Benefits
Banking
We will help you open a bank account in a tier-1 Swiss private bank
Paymastering
We will execute your payments and deal with all your money remittance needs
OTC Trading
We will be your private broker and facilitate your trading activity
Token Sale
We grant access to the most attractive private sales on our platform
Facilitate Your Cash-Out
Early adopters of digital assets often have a complex transactional history. Whether they mined Bitcoin in 2010, traded on exchanges that no longer exist or invested in ICOs, they all face the same challenge of accessing the banking industry: corroborating their KYC/AML case thoroughly.
You are looking to cash-out your crypto-wealth ?
- You want to bring your digital assets to the bank without friction ?
- Show your assets were legitly acquired and are untainted ?
- You are trying to trace the origin of your funds on chain and on exhcnages ?
- You are seeking for help collecting evidence and structuring your case in compliance with Swiss norms ?
- You must execute a payment in fiat but your wealth is crypto-based ?
- You want to trade substantial amounts and you are scared of the thin orderbook on exchange ?
- You want the assurance that no additional KYC will be required post-trade ?
Nightmares stories now belong to the past !
- We collect your data in a non-intrusive way through read-only API Keys on exchange.
- We fill the potential gaps in your history through Forensic Analysis.
- We draft an executive summary and submit it to our crypto-friendly Partner Banks.
- We provide paralegal support to ensure your banking documents are correctly filled.
- We convert crypto to Fiat and instruct transfers in favour of a third party.
- We execute orders up to 2’000 BTC per day.
Due Diligence
Through our extensive digital assets experience, we have the tools to address all compliance and KYC/AML related requirements. From offering a proprietary whitelabel onboarding platform to corroborating extensive trading histories, we have the solution for you.
Brokerage
Our extensive and long term relationships with some of the largest regulated OTC Desks across the world provide us with best pricing for our clients regardless of the amount.
Find Your Use Case
Early Adopter
Affiliate Marketing
Privacy Coin
Futures Trader
Yield Farmer
MinerEarly AdopterEarly Adopter
Challenge
Client A is a Bitcoin early-adopter as he purchased his first BTC in 2012 on the Mt. Gox exchange, which shut down in 2014. He then invested part of his BTC in a number of various ICOs including the Ethereum ICO. Later, he sold most of his ICO tokens for BTC on various exchanges. During the 2017 rally, Client A sold most of his crypto assets on one of the most popular crypto exchanges.
Solution
Using internal tools and forensic analysis solutions, alt corroborated the origin and flow of Client A’s funds, demonstrating how he generated his crypto wealth. alt then assisted Client A with the opening of an account in a Tier 1 Swiss bank to smoothly deposit the proceeds of his cash-out.
Affiliate MarketingCorporate/Affiliate Marketing
Challenge
Client B is a company that specializes in affiliate marketing. The company receives monthly payments from its customers in both BTC as well as Fiat. When Client B wanted to deposit the proceeds from their BTC conversion into their bank account, the bank refused the funds. This case was particularly complex not only because of the intricate corporate structure, with several corporate layers, including a Trust, but also the fact that it was focused on the gaming sector.
Solution
alt was able to analyze and confirm that Client B was the legitimate beneficial owner of the BTC in question and assisted the company in the opening of a bank account at a Tier-1 Swiss private bank, ensuring a smooth cash-out and deposit of the crypto-proceeds.Privacy CoinPrivacy Coin
Challenge
Client C is an early adopter of Monero, one of the first privacy-coins in the crypto space. Between 2014-2015, he purchased a large amount of Monero on the Poloniex exchange, which he withdrew to his cold wallets, regularly changing wallets. Due to Monero being a privacy-coin, banks were reluctant to onboard Client C, and allow him to cash out his Monero into the account. Since Client C changed his cold wallets numerous times, this made his KYC all the more complicated: unlike Bitcoin, Monero transactions cannot be verified on a public ledger. Moreover, Client C moved to Monaco, and given that he did not have a bank account, he was unable to pay his rent, an essential requirement for the renewal of his residency permit.
Solution
Although Monero is a privacy-coin, alt managed to draft an extensive KYC report linking Client C’s complete Monero holdings to the initial Monero originally purchased on the Poloniex exchange. alt also paymastered the Client’s rent until such time as alt was able to open a bank account for the Client in Monaco.Futures TraderFutures Trader
Challenge
A Swiss private bank approached alt for assistance with the onboarding of a young swing-trader (margin trading), who started making small profits by sport-trading Bitcoin, and who later moved to trading futures by the end of 2017. By combining various strategies, by shorting and going long the market with high leverage, the young trader managed generate substantial profits. The bank was unable to analyse this data, largely due to the sheer number of executed trades, or perform probability analysis to validate the Client’s case.
Solution
alt managed to corroborate the young trader’s activity, summarising thousands of trades, across various exchanges into one concise KYC report, outlining his trading strategies with a breakdown of his profitability allowing the bank to swiftly proceed with the opening of the desired account.Yield FarmerYield Farmer
Challenge
It was only towards the end of 2017 that Client E, a computer developer, discovered the Ethereum ecosystem. Impressed by its potential, Client E quit his job and dedicated himself to DeFi and yield framing. Client E began farming with less than 10 ETH using arbitrage trading, participated in liquidity mining programs and chasing DeFi rewards. He increased his capital 100 fold. Then, only when ETH reached an all-time-high in mid-2021, he understood that cashing out his crypto assets would be close to impossible for a DeFi yield farmer with over hundreds of thousands of trades across several wallets.
Solution
alt succeeded in achieving the impossible by corroborating his thousands of DeFi trades, tracing the flow of funds back to the original investments. Despite the fact that even crypto-friendly banks are reluctant to receive proceeds from DeFi activities, alt assisted Client E with a smooth cash out and the opening of his bank account in a Tier 1 Swiss private bank into which the proceeds could be deposited.MinerMiner
Challenge
Solution
alt applied its resources to prove that the origin of the Client’s Bitcoin was from his mining activities and established that he was the beneficial owner of the Bitcoins sold. alt also assisted the client with his account opening at a tier-1 Swiss private bank.
Solutions Overview
For more info please download our factsheet
FAQ’s
All documents received by alt 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.