Trusted Transactional Support for OTC Trading

Our Real Deal Verification (RDV) and Closed Deal Ratings (CDR) system connects large block buyers and sellers quickly and securely, separating the “Broker Jokers” from the Real Deal Makers.

Full KYC KYB AML

To maintain full compliance, buyers and Sellers alike are verified and validated through our KYC/KYB and AML verification process.

Proof of Funds (PoF)

Sellers can confirm that the buyer is legitimate and truly has the cash funds available to purchase the cryptocurrency they are selling.

Proof of Coin (PoC)

Buyers can confirm that the seller is legitimate and truly owns or controls the cryptocurrency they are trying to purchase.

Know-Your-Customer / Know-Your-Business / Anti Money Laundering

Protect Yourself with Our Full Buyer and Seller Validation Process

Buying and selling Bitcoin and other liquid cryptocurrency coins, including Bitcoin Cash, Ethereum, and Ethereum Classic, can be a challenging task for even the most knowledgable and seasoned investors. Confidebat simplifies the process by providing third-party validation of both the buying and selling parties, so that both groups can rest assured that they are dealing a valid and legitimate individual or entity on the other side.

We make 'secure' even more SECURE

Automatic and Manual Due Diligence Processes

While using automated due diligence processes for KYC/KYB/AML is the first step, it’s not the only requirement for a successful veritifcation system. Confidebat also requires manual due diligence methods wherein buyers and sellers need to undertake active and rigorous procedures to ensure a qualified and successful transaction. Questions such as: What is the nature of their business? How do they get their money? Who are their customers? What is the volume of transactions? How much money do they handle? What countries do they do business in?

How The Confidebat Process Works

Buyer Readiness Process

  • KYC/AML Verification

    Buyer completes secure online form for KYC/AML compliance checks and verifications process.

  • Letter of Intent

    Buyer submits a legally binding Letter of Intent (LOI) offering bid to procure assets.

  • Proof of Funds Validation

    Buyer performs real-time secure screen sharing for Confidebat to verify bank accounts funds.

Seller Readiness Process

  • KYC/AML Verification

    Seller completes secure online form for KYC/AML compliance checks and verifications process.

  • Bid Acceptance

    Seller reviews and accepts bid from Buyer to procure assets.

  • Proof of Assets Validation

    Seller provides private wallet information to Confidebat for secure manual validation of digital assets.

Buyer Readiness Process

  • KYC/AML Verification

    Buyer completes secure online form for KYC/AML compliance checks and verifications process.

  • Letter of Intent

    Buyer submits a legally binding Letter of Intent (LOI) offering bid to procure assets.

  • Proof of Funds Validation

    Buyer performs real-time secure screen sharing for Confidebat to verify bank accounts funds.

Seller Readiness Process

  • KYC/AML Verification

    Seller completes secure online form for KYC/AML compliance checks and verifications process.

  • Bid Acceptance

    Seller reviews Letter of Intent (LOI) and accepts bid from Buyer to procure assets.

  • Proof of Assets Validation

    Seller provides private wallet information to Confidebat for secure manual validation of digital assets.

Final Transaction Process

  • Letter of Agreement Signed

    Buyer and Seller sign binding Letter of Agreement which confirms details of the final transaction.

  • Funds Transferred to Escrow

    Buyer transmits funds to Confidebat’s secure escrow partner, which will notify Confidebat to authorize Seller to initiate digital assets transfer.

  • Digital Assets Transferred to Buyer

    Seller transmits digital assets, in tranches or in full, to Buyer, then submits hash confirmation to Confidebat for validation. Once completed, Confidebat will validate with Buyer, and then authorize funds to be transferred from Escrow to Seller.

  • Funds Transferred to Seller from Escrow Partner

    Confidebat’s secure escrow partner transmits funds to Seller, less associated fees and discounts, and distributes remaining funds to any brokers, dealers, mandates, etc.

Safe and secure Escrow services are provided through Wilmington Trust, one of the top 10 largest institutions by fiduciary assets in the United States of America. All escrow fees shall be paid by Confidebat to provide the highest value to both Buyers and Sellers.

Wilmington Trust

Find out more about Wilmington Trust
Download the Wilmington Trust Corporate Fact Sheet

Confidebat is Latin for TRUSTED

(pronounced con-FYE-duh-bat)
Confidebat

Why Confidebat?

Confidebat was borne out of the need to safely and successfully broker deals between a multitude of buyers and sellers of cryptocurrency assets including Bitcoin and Ethereum. There are only a small handful of legitimate brokers and facilitators around the world, and with Confidebat’s dedication and persistence for compliance, partnerships with legal and verified entities and banking institutions, as well as proprietary Intellectual Properties and Technologies, we are changing how digital asset transfers are working by facilitating trusted buyers and sellers through a safe and secure process.
Daryl Snyder

Daryl Snyder

Chief Executive Officer

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Krista Parise

Krista Parise

Vice-President

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