Income declaration for immigration : Cryptocurrency

[bandibuen]

This is regarding income declaration for UK visa application. Basically, with in the last 12 months, almost 90% of my income has arisen from cryptocurrency trading. So when I submitted my bank statement to the UKVI, they refused my visitor Visa application stating they don't believe that my cash flows/income have been incurred as a result of cryptocurrency trading. I am not quite sure what documents I should submit to prove that. I don't think they'll find me printing out receipts on localbitcoins or binance trade history credible. Does anyone have any idea about this?

[Eirecoin]

I had the same problem too but with my fathers, they simply can't  believe that i made a lot of money last year they even got mad at me because they thought that I was selling weed or doing illegal business if I can't convince my parents how can we convince the governments of our source of income (assuming that crypto trading it's your main source of income)?

[Flor1982]

This is regarding income declaration for UK visa application. Basically, with in the last 12 months, almost 90% of my income has arisen from cryptocurrency trading. So when I submitted my bank statement to the UKVI, they refused my visitor Visa application stating they don't believe that my cash flows/income have been incurred as a result of cryptocurrency trading. I am not quite sure what documents I should submit to prove that. I don't think they'll find me printing out receipts on localbitcoins or binance trade history credible. Does anyone have any idea about this?

This is really a difficult situation but i wonder as immigration visa is different from visitors visa therefore if you are applying for tourist VISA then why not just cash out your crypto in put it in a bank and follow their limited cash money policy for visitors anyway you will just visit the UK right? Therefore, no need to bring a huge cryto assets when entering the country.

[jrrsparkles]

This is regarding income declaration for UK visa application. Basically, with in the last 12 months, almost 90% of my income has arisen from cryptocurrency trading. So when I submitted my bank statement to the UKVI, they refused my visitor Visa application stating they don't believe that my cash flows/income have been incurred as a result of cryptocurrency trading. I am not quite sure what documents I should submit to prove that. I don't think they'll find me printing out receipts on localbitcoins or binance trade history credible. Does anyone have any idea about this?

First of all you should file the income taxes for that the receipts from the trading sites can be accepted and once you got the income tax filed papers then it all will be recorded by the government so at that time they can't refuse your application anymore so go in a legal way.

[avikz]

This is regarding income declaration for UK visa application. Basically, with in the last 12 months, almost 90% of my income has arisen from cryptocurrency trading. So when I submitted my bank statement to the UKVI, they refused my visitor Visa application stating they don't believe that my cash flows/income have been incurred as a result of cryptocurrency trading. I am not quite sure what documents I should submit to prove that. I don't think they'll find me printing out receipts on localbitcoins or binance trade history credible. Does anyone have any idea about this?

The issue here is to make them believe that your income is from the crypto trading! You need some documented proof to establish the fact that you have not made such income by selling illegal things.

Every exchange you work with, must have something called "trading history" which can be downloaded from the exchange website itself. It can be a PDF or an Excel file that provides the details of your trades executed within a certain range of dates. Keep such documents handy so that it can be produced when required. It is also needed during your tax filings.

Also keep your last years tax document handy if you haven't hidden any information. That should suffice to counter the questions and arguments of the ignorant immigration officers. Hope this helps!