Your SSN is required under our KYC/AML policy, a process set by our banking provider. We verify US investor's social security number and birthdate against credit records then verify the investment signatory against OFAC and similar databases to flag prohibited or high risk persons and entities.
If you are providing evidence of your accreditation on the basis of having over $1 million in net assets, the company you are investing in is required to verify your debts in order to confirm that your net assets are greater than $1M. CoinList requests this credit report and includes only total debts (excluding mortgages) when verifying your accredited investor status.
Documents you upload as evidence of accreditation are kept private and are only used to assess your accreditation status. Our team of licensed attorneys and CPA's review these documents to ensure that the relevant accredited investor thresholds are met.
In order to accredit your company entity with CoinList, you need to meet any of these following SEC requirements:
In order to accredit a trust, you need to provide documents showing the trust's asset amount is over $5m. You can have your attorney or CPA write a letter attesting to this. Here is a set of templates that can be signed by them.
CoinList is discontinuing support for AngelList logins on CoinList. All legacy AngelList login users were assigned a CoinList account that is associated with their AngelList email. This account contains all of the CoinList account history associated with your AngelList login.
What do I need to do?
To login to your CoinList account, simply click “forgot password” on the CoinListlog in page to generate a new password.
The new password will be unique to your CoinList account and will not impact your AngelList account.
In order to access wallets and trading on CoinList, you may be required to submit additional KYC documentation and set up two-factor (2FA) authentication for your CoinList account.
Your AngelList 2FA will not carry over to your CoinList account. If you are experiencing issues with your 2FA, you may need to disable your 2FA and re-enable. You can find these settings under "Account" and "Security." If you continue to have issues, please submit a help request on our Help Center to have your 2FA reset.
If you have already completed these steps, then no further action is required beyond resetting your CoinList password.
In order to fulfill the accreditation requirements with your crypto-asset holdings, you can either
In either case, you will also need to provide documentation of your debts (e.g. via a credit report or letter from your accountant) in order to qualify.
I, <Signatory Name>, certify under penalty of perjury that <Investing Entity Name> is the sole owner of the cryptocurrency address associated with this message as of <Today's Date>.
Replace the angle brackets with your name, the name of the investing entity, and the date.
For Ether, use MyEtherWallet's message signing tool
Paste the message into the text field.
Select your wallet provider. (In this example, we use MetaMask.)
Click 'Connect'. Then, click 'Sign Message' to sign and approve the transaction. (There is no cost.)
Here is an example signed message:
For Bitcoin, most wallets implement the ability to sign a message with your Bitcoin address’ private key. See this tutorial about how to sign a messaging with a blockchain.info wallet. See here for Jaxx wallet.
Create a document with the message you signed, address, and message signature (sample information provided below):
I, John Smith, certify under penalty of perjury that I am the sole owner of the cryptocurrency address associated with this message as of Dec. 13, 2017.
You can upload this information via the CoinList sale registration process or log a support ticket in our Support Center.
In the event that your funds are spread across multiple wallets, you will need to include a signed message from each address.
Also, remember to provide documentation of your debts (e.g. via a credit report or letter from your accountant).
Accredited investors meet standards defined by the US Securities and Exchange Commission which allow them to invest in certain private securities offerings. Most startups raising money do so from accredited investors only.
The SEC web site contains the full definition. In general, any of the following would meet the standard:
All questions can be sent submitted through our help portal.
In order to invest through CoinList, you need to pass identity verification and KYC/AML (Know Your Customer/Anti-Money Laundering) checks. These checks apply equally to U.S. and non-U.S. residents. In general, you will need to provide name, address, a selfie, and government-issued ID image.
You can learn more about KYC/AML here.