As crypto becomes more mainstream, many clients ask if they can use their cryptocurrency holdings—like Bitcoin or Ethereum—as part of their mortgage documentation. The good news is: yes, you can—but with conditions. This guide explains when and how crypto documents can be used to support your mortgage application and what lenders typically expect. What Crypto...
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As crypto becomes more mainstream, many clients ask if they can use their cryptocurrency holdings—like Bitcoin or Ethereum—as part of their mortgage documentation. The good news is: yes, you can—but with conditions.
This guide explains when and how crypto documents can be used to support your mortgage application and what lenders typically expect.
What Crypto Documents Can Be Used
While crypto can’t be used as collateral in a traditional mortgage, certain types of documentation may be accepted to verify your assets, particularly if they were converted into cash for your down payment.
Here’s what most lenders will accept:
1. Exchange Statements
Most major platforms like Coinbase, Kraken, Binance, or Gemini allow you to download official monthly account statements in PDF format.
These usually include:
Your full name and account details
A summary of crypto holdings and balances (converted to USD)
A record of deposits, withdrawals, and transfers
These documents are similar in structure to traditional bank statements.
2. Transaction History
You can also download transaction histories (CSV or PDF) from your exchange account, showing:
Crypto buys/sells
Fiat deposits or withdrawals
Transfers between wallets
This helps show the movement of funds and proves that your assets are real and active.
3. Proof of Crypto-to-Cash Transfers
If you sold crypto and used the proceeds for your down payment or closing costs, lenders will likely ask for a clear trail:
A record of the crypto sale on your exchange (with date and amount)
A matching bank deposit showing the transferred funds
Corresponding dates and amounts on both documents
This paper trail helps verify your source of funds.
⚠️ What NOT to Submit
Lenders will generally not accept the following as sufficient documentation on their own:
🚫 Blockchain explorer links or public wallet addresses 🚫 Screenshots of self-custody wallets without verified ownership 🚫 Crypto held in cold storage with no exchange statements 🚫 Crypto assets as collateral
While you may own these assets, they don’t meet traditional verification standards unless tied to traceable, exchange-based records.
How Lenders View Crypto in a Mortgage Application
💡 Tips to Strengthen Your Crypto Documentation
Use well-known exchanges that issue downloadable PDFs or official reports
Make sure your name and account number are visible
Provide full documentation, not partial screenshots
Keep a clean paper trail from crypto sale → bank deposit → down payment
Need Help Gathering Crypto Docs?
We’re here to help! If you’re planning to use crypto as part of your mortgage documentation:
Let your loan officer know early
Gather full statements (PDF or CSV) from your exchange
Document any cash-outs clearly with matching bank records
If you’re unsure what your exchange offers, we can help walk you through downloading your statements.
Let us know if you’d like help reviewing your documents. We’re committed to making your mortgage journey smooth — even if it’s a little more digital.