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Frequently Asked Stuff

We are here to help. Bellow you can find the most common questions, and their sollutions


why send Documentation?

As a regulated entity and online service, Legal-Coin (ILATS EOOD) provides multi-jurisdictional compliance assurances to your business.
In doing so, ILATS EOOD account holders may be required to submit specific documentation that will assist us in ensuring the safety and security of all transactions done via ILATS EOOD.

To ensure the safety and security of all transactions, we may ask for supporting documents to verify details, such as:

  • Your identity
  • The bank details you provided
  • Your address

what documents are needed for a company?

Depending on the company type, company verification documents may include:

  • Certificate of Registration
  • Certificate of Incorporation
  • Tax document
  • IRS document including EIN
  • Business license
  • Proof of company activity

how to provide a bank statement?

An official document from your bank showing your full bank account number and your full name.
The document must have been issued in the past 3 months. You can cover any sensitive information you don’t want displayed.

Screenshots of your online account are also acceptable, as long as they include the above details and the website URL.


IS it safe to provide my documents to legal-coin

You submit documents to ILATS EOOD via secure and personalized document upload system.

We strictly comply with KYC, OFAC, AML, and we are also registered at the Bulgarian Revenue Agency (NRA) for virtual currency exchange .

ILATS EOOD core obligations are to protect its customers’ funds and prevent money laundering.


How do i send documents?

We strongly suggest providing a readable scan of the ID types, as this will shorten review time. If you do not have a document matching that option, you may upload another ID but please note the review time will be extended.

We recommend taking a picture of the document with your smartphone. Please make sure the document is complete (all four corners of the document should be visible and the image should be full size), document is not cropped, and the image is in high quality. If you are using the camera on your smartphone, please make sure the flash is not covering information on the document.


What documents are needed for a person

As an individual, you will most likely be requested to provide us with:

  • Government-issued ID
  • Proof of address
  • Bank verification document