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Instrument



Bitcoin (BTC) ?



Type Of Asset



Digital cryptocurrency



Receiving Mode



Bitcoin Wallets



Contract Value



Minimum 10 Bitcoin and 50,000 Maximum



Btc Discount



12% gross (8% net to buyer, 2% to Brokers, 2% Facilitator 1%)



Price Per 1 Btc



Daily exchange rate on https://www.blockchain.com/



Mode of Payment



Bank to bankwire transfer to seller’s designated account listed in the invoice. Seller will nominate its affiliated bank account in Hong Kong and Singapore.



Delivery Mode



Seller transfer the first tranche to buyer’s btc wallet address



Proof Of Btc



Seller will send to buyer screenshot of his wallet addres, buyer can check in blockchain for confirmation.



Proof Of Funds



3 days old bank statement or account screenshot showing fund availability for payment of bitcoin. (The Bitcoin is free and clear of any liens and encumbrance of any criminal origin)



Dealing Desk Closing Procedure



1. Buyer mandate and seller mandate will communicate the offer and describe the transaction and duties and responsibilities of parties, and the terms and conditions of the Purchase Contract Agreement.



2. Buyer shall show Proof of Funds availability from an official bank statement showing available funds to pay for the first tranche.



3. Seller send Proof of Coin (POC) via wallet Image, Buyer confirms receipt of POC and verify its authenticity by checking the wallets balance on Blockchain, after thorough verification.



4. Seller send Corporate Invoice with bank coordinates to the Buyer to make payment for the total Bitcoin required via wire transfer and provide proof of payment to the seller for to facilitate release of Bitcoin to Buyer’s wallet.



5. Seller shall immediately transfer the Bitcoin to Buyer’s Wallet on receipt of proof of payment from Buyer, thereafter, Buyer verifies receipt of Bitcoins and confirm to the Seller.



6. Seller pays Brokers and Facilitators commissions based on their bank coordinates provided in the contract agreement.



Closing via Bank Undertaken/Performance Bond



1. Buyer mandate and seller mandate will communicate the offer and discuss the terms and conditions of the contract agreement.



2. Buyer shall show Proof of Funds availability by providing official bank statement showing available funds for the transaction.



3. Seller send proof of coin (POC) by providing wallet’s Image/Screenshot to be confirmed by the buyer via blockchain. Thereafter seller instructs his bank officer to issue a Bank Endorsed Refund Guarantee Letter to the buyer via email or issuance of a performance bond to the buyer for the total amount of Bitcoin to buy and deliver it to the buyer’s bank via bank to bank email for confirmation and authentication before making payment for the Bitcoin purchase (Buyer can only choose one of these options).



4. Buyer confirms receipt of wallet’s Image/Screenshot and verify its authenticity. Seller send a corporate invoice with bank coordinates to the Buyer and Buyer shall make payment to the Seller’s bank account for the total Bitcoin agreed to purchase via bank to bank wire transfer and provide a payment receipt to the seller.



5. Seller shall immediately transfer the Bitcoin (BTC) from BTC Wallet to the Buyer BTC Wallet and the Buyer verifies received coins and confirm to the Seller.



6. Seller pays Brokers and Facilitators commissions based on their bank coordinates provided in the contract agreement.



Closing via U.S. Hong Kong IOLTA Escrow



1. The Buyer and Seller execute Purchase Contract Agreement which shall be deemed a full recourse formally and legally binding commercial contract between both parties. Buyer must provide Proof of Fund within 24 hours after countersigned purchase contract, while seller provide proof of Bitcoin to end buyer or his attorney (Wallet Screenshot and Wallet Address to verify Bitcoin availability).



2. Within 48 hours Buyer after confirmation of POC, Buyer sends the IOLTA Escrow Deposit Placement via Bank Wire Transfer to Seller’s nominated Escrow Account (Escrow company should be thoroughly verified by buyer before payment is made).



3. Within 48 hours upon confirmation of the IOLTA Escrow Deposit, Seller will initiate placement of Bitcoin first tranche amount directly into Buyer’s Wallets, preference to be advised by Buyer in favor of Buyer/Beneficiary per tranche basis, as would be specified by Buyer.



4. After both Seller and Buyer’s advice of posting status and screen details, BUYER shall verify and authenticates the tranche posting.



5. Full payments will be released toSeller specified bank account for full purchase price of delivered BTCtranche(s), less Buyer: 9% discount, 1% Escrow Service Charge, Buyers Brokers1%, Sellers Brokers: 1%.



Closing via Bitcoin Block Withholding



1. Buyer mandate and seller mandate will communicate the offer and describe the transaction and duties and responsibilities of parties, and the terms and conditions of the Purchase Contract Agreement.



2. Buyer shall show Proof of Funds availability from an official bank statement showing available funds to pay for the first tranche.



3. Seller shall immediately transfer the Bitcoin to Buyer’s Wallet on receipt of proof of fund availability, thereafter, Seller send Bitcoin via his wallet to Buyer’s Wallet and withhold block confirmation, Buyer confirms receipt of Bitcoin in its wallet and verify its authenticity and make payment.



4. Seller send corporate invoices with bank coordinates to the Buyer to make payment via wire transfer for the total amount of bitcoin received.



5. Buyer send proof of payment to the seller tofacilitate the release of Bitcoin withhold block confirmation to Buyer’s wallet toavail the Bitcoin for withdrawal and transfer.



6. Seller pays Brokers and Facilitators commissionsbased on their bank coordinates provided in the contract agreement.



Closing via Escrow Agent



1. Buyer mandate and Seller mandate will communicate the offer and describe the transaction, duties and responsibilities of parties with the terms and conditions.



2. Once Buyer is cleared and no report of blacklist and non-performance, Buyer will receive Purchase Contract Agreement and complete it with all details including Buyer’s consultant paymaster coordinates. The buyer completes and executes the Purchase Contract Agreement accompanied with a three (3) days old POF (Bank Statement) as Proof of Funds availability for payment of the first tranche.



3. Buyer shall show Proof of Funds for the First Tranche in the currency required by the Seller and agreed as a transactional currency. Upon acceptance of the terms and conditions by the Buyer, the Seller shall countersign the AGREEMENT and then release the current BTC Trezor wallet screenshot as PROOF of COINS (BTC) availability to the Buyer. The Seller will show a screenshot of his Trezor wallet to prove there is genuine Bitcoin to sell and enough for the first tranche, which can be confirmed through blockchain with the BTC wallet address by the Escrow and Buyer.



4. The SELLER will submit the signed contract to the Escrow Agent, and then the Escrow Agent will contact the BUYER via direct email and confirm from the Buyer that he signed the contract and is RWA to proceed. Buyer will submit to the Escrow Agent a copy of Buyer’s signed Deed of Agreement for confirmation in order to set up the escrow transaction process. The Buyer will also confirm the Buyer’s BTC Wallet Address to the Escrow Agent.



5. Once the transaction has been established with the Escrow Agent, a copy of the Escrow Agreement will be sent to the Buyer and to the Seller. The buyer signs the Escrow Agreement and sends to the Escrow Agent, who will forward to the Seller for the Seller to sign.



6. The Escrow Agent signs the Escrow Agreement and sends a copy via email to both the Buyer and Seller respectively for confirmation that all parties are satisfied with the Escrow Agreement and that all parties are RWA to proceed with the escrow arrangement and its procedures.



7. The Buyer then requests an invoice from the Escrow Agent for payment of the BTC. The Escrow verified the daily BTC rates and confirms the escrow amounts required. The Escrow Agent email an invoice containing the nominated bank coordinates for the wire transfer of the BTC, the transaction reference code, invoice numbers for each tranche and the required escrow amounts.



8. The Buyer makes payment and sends a wire transfer copy to the Escrow Agent for confirmation. The Escrow Agent confirms payment in their nominated bank account, thereafter, the Escrow Agent sends via email an instruction letter to the Seller confirming Buyer’s payment and Buyer’s Wallet Address and amount of BTC to transfer for the Seller to immediately transfer the agreed tranche amount of the BTC to the Buyer’s BTC Wallet Address.



9. The Buyer confirms that the BTC received in his wallet has been fully transmitted and per the agreed tranche amount. The Buyer then confirms via email to the Escrow Agent that the BTC has been received as agreed upon and instructs the Escrow Agent that he is hereby requested by the Buyer to release the full escrowed amount as payment to Seller and the fee to the Escrow Agent for the escrow services.



10. The Seller will release the commission to the consultants via their paymaster. Paymasters shall be responsible to release the commission as noted in their respective genealogy agreement. Seller shall not be responsible for commission disputes or paymaster duties and actions.



11. The Seller confirms to the Escrow Agent and the Buyer that funds have been received and transaction for the tranche is concluded.

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