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Withdrawal and Deposit of Crypto Currencies
Transfer of Funds Regulation

Are there fees for the proof-of-ownership process?

Updated 26 November 2024 14:17

Yes, the proof-of-ownership process, through a microtransaction (Satoshi Test), incurs blockchain fees, which are your responsibility. The amount transferred in the microtransaction will be credited back to you minus the blockchain fees.

Articles in this section

What is the Transfer of Funds Regulation (ToFR)?
What changes will I see with BISON due to the Transfer of Funds Regulation?
Why does the Transfer of Funds Regulation exist, and why must I provide additional information?
What information must I provide due to the Transfer of Funds Regulation?
When does the Transfer of Funds Regulation take effect?
Where does the Transfer of Funds Regulation apply?
What does proof-of-ownership mean?
At what amount is proof-of-ownership required for a transfer to a “self-hosted” wallet?
How does proof-of-ownership work at BISON?
When do I have to comply with the Transfer of Fund Regulation at BISON?

Are there fees for the proof-of-ownership process?

Articles in this section

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