Does Awaken have Source of Funds Reports?
Yes. Awaken allows you to generate a Source of Funds Report for any transaction in your account. The report traces the tokens disposed of in that transaction back through your crypto history to help show where those funds originally came from. This can be useful if a bank, exchange, accountant, or compliance team asks you to document the source of your cryptocurrency.
How do I generate a Source of Funds Report?
First, make sure the wallets and exchanges involved in your transaction history are connected to Awaken and that your transactions are properly reconciled. Then, find the transaction you need to document and select the option to generate a Source of Funds Report here:
Awaken will trace the funds backward through your transaction history and generate a report showing their sources.
Keep in mind that different banks, exchanges, and other institutions may have different documentation requirements. Your Awaken Source of Funds Report can help document your crypto transaction history, but you may also be asked for supporting documents such as bank statements, exchange statements, invoices, or other records showing how the funds were originally acquired.