How to Prepare Source of Funds Materials for Binance Salary Income?
If your primary source of income is salary, when Binance asks you to provide proof of assets or source of funds, the core logic is simple: prove that "the salary did go into your pocket" and that "the money deposited into Binance came from this salary." The materials you need to prepare mainly revolve around payslips, bank statements, and employment verification letters.
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Step 1: Figure Out What You Need to Prove — SoW or SoF
What to do: First, confirm whether Binance is asking you for "Source of Wealth (SoW)" or "Source of Funds (SoF)". The requirements for documents differ slightly.
How to do it:
Source of Wealth (SoW) — "Overall Ledger": Refers to how your total wealth has been accumulated over your lifetime. If Binance asks for this, you need to explain that "salary is my primary way of accumulating total assets."
Source of Funds (SoF) — "Specific Deposit": Specifically refers to where the money you deposited into your Binance account came from. If they ask for this, you need to prove that "this particular deposit amount is exactly my salary."
Key distinction: The money is your salary, but the specific amount you deposited could come from a transfer on your salary card or from your savings accumulated from salary. Binance wants the origin of "this specific amount".
When you're done: You have clarified whether Binance requires SoW or SoF, and you know whether to prepare an "overall explanation" or a "single transaction proof".
Step 2: Prepare Core Proof Documents for Salary Income
What to do: According to Binance's official guidelines, prepare at least one of the three most common types of proof documents for salary income.
How to do it, refer to the options below:
| Document Type | Specific Requirements | Where to Obtain |
|---|---|---|
| Payslip | Official payslips for the last 3 months, showing your name, employer name, pay period, and salary amount | Company HR or finance department |
| Bank Statements | Bank statements for the last 3 months showing salary deposit records; name, account number, bank name clearly visible, and salary deposit records highlighted | Export PDF from mobile banking app |
| Tax Returns | Official tax return from the previous year, showing your name, tax ID, and salary income amount | Tax authority or personal tax app |
Binance's officially listed required documents include: a payslip showing the last 3 months' salary, a bank statement showing the last 3 months' salary income, and the latest tax return showing salary income.
If the company issues paper payslips, scan them into a clear PDF; if exporting from mobile banking, select the "PDF with electronic stamp" version. Binance explicitly requires file formats as PDF, JPG, or PNG; Excel or Word are not accepted.
When you're done: You have obtained at least one of the above documents that meets the currency and clarity requirements.
Step 3: Check That Your Document Meets the "Golden Rules"
What to do: Before submitting, check the documents item by item to avoid rejection due to format issues.
How to do it, confirm each item:
Issued in your name: The name on the document must exactly match the name on your Binance account.
Clearly legible: Use high resolution (recommended 300 DPI), all four corners fully visible, not blurry, not cropped, no watermarks.
Recently issued: The payslip or bank statement must be from the last 3 months.
Unedited: Excel or Word files are not accepted, only PDF, JPG, PNG formats.
File size: Single file must not exceed 10MB.
When you're done: All your documents meet the five standards above.
Step 4: Submit Materials on the Binance Platform
What to do: Log in to your Binance account, go to the designated page, and complete the submission.
How to do it:
Enter the submission portal: Log in to the Binance App or website, go to [Identity Verification] page, find [Proof of Source of Funds] or [Supplementary Information] option.
Select income type: From the income source dropdown menu, select "Employment Income" or "Salary".
Upload documents: Follow the prompts to upload your prepared payslip, bank statement, or tax return.
Submit and wait for review: After submission, you can check the processing status in [Verification Records], usually the response time is 3-5 business days.
When you're done: The documents are successfully uploaded, and the page displays "Submitted Successfully" or "Under Review".
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Common Reasons for Rejection
Payslip older than 3 months: Binance requires salary income proof from the "last 3 months"; submitting a payslip from half a year ago will be directly rejected.
Bank statement does not indicate salary deposit: If the submitted bank statement does not clearly show "salary" or "payroll deposit", the reviewer cannot confirm that the deposit is salary. It is recommended to mark the salary deposit records with a red box before submission.
Unclear document or wrong format: Blurry photo, not all four corners captured, using Word or Excel files will all lead to rejection.
Name inconsistency with account: The payslip shows an English name or an internal company ID, but your Binance account has a Chinese name; a mismatch is found during system comparison.
Next steps: Log into your mobile banking app, export the bank statement PDF for the last 3 months, and confirm there is a deposit record with "salary" or "payroll" labels. Then go to Binance [Identity Verification] page, select "Employment Income" and upload. After submission, keep an eye on email notifications; the review usually takes 3-5 business days. If your document is rejected, adjust according to the rejection reason and resubmit.
