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Wilmington Trust

WILMINGTON TRUST

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SELLERS                 BUYERS

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NEW: 250K BTC with R&E @ -6% gross, -3% net, Wilmington Trust - Look For Buyer

(Seller: TS XS)

Post: 2.8.20

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Buyer is looking for 250K BTC with R&E at -6% gross, -3% net

Buyerside = 1%

Sellerside = 1% (closed)

Facilitator = 1%

First tranche = 3000 BTC

Subsequent tranches = 5000 BTC per week until contract exhausted

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ESCROW PROCEDURES :

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  • 1. Buyer provides SPA with Bank Statement/Seller signs SPA/ All parties execute seller attorney Trust/Escrow agreement.

  • 2. Buyer transfers funds to seller's escrow/Trust agent 

  • 3. Seller Transfers coins to his escrow/Trust agent

  • 4. Both parties confirm the availability of coins and funds

  • 5. Buyer confirms receipt of coins to Escrow/Trust Agent.

  • 6. Sellers escrow/Trust agent releases funds to the sellers account and fees to all consultants involved.

  • ​7. This process continues until contract is filled.

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BUYER  MANDATE ONLY

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Interested parties should contact :

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NEW: 100K BTC @ +0.7% gross, +1.5% net, Bank2Bank, Escrow, Wilmington Trust   - Look For Buyer

(Seller :  M S)

Post: 27.4.2019

  • I am direct to Seller Mandate

  • Amount (min), BTC: 1000 BTC 

  • Amount (max), BTC: 100000 BTC

  • Rate: tradeblock.com (XBX Bitcoin index)

  • Gross : +0.7%

  • Net : +1.5%

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  • Purchase procedure:

  • Type:  B2B Escrow

  • KYC: No need in case of Bank2Bank, standard KYC list in case of using Wilmington Trust

  • LOI: No

  • POF type: Bank statement

  • POC type: Provided by Escrow Agent (in case of using Wilmington Trust)

  • Agreement type: n/a

  • Face-2-Face meeting: Possible in Montreal, Canada

  • Escrow: Wilmington Trust only

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Seller offers two procedures: bank2bank or escrow. Seller is on-boarded with Wilmington Trust (US) for escrow deals, and Signature Bank for bank2bank method. Delivery of coins is fast, procedure is simple and standard for OTC market. If needed, seller can attend a call on seller-buyer level, in all other cases the call will be with a mandate. It’s also possible to have Face2Face meeting in Montreal, Canada.

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  • PROCEDURES:

  • Bank2bank procedure:

  • 1. Buyer registers at Signature Bank with seller and signs Master Purchase Agreement

  • 2. Buyer sends funds via wire to account at Signature Bank and notifies seller

  • 3. Seller confirms receipt of funds

  • 4. Seller sends purchase order at predetermined time

  • 5. Buyer confirms purchase order immediately

  • 6. Seller rapidly delivers coins to client

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  • Wilmington Trust procedure:

  • 1. Buyer onboards with Wilmington Trust. Seller may provide assistance with the registration. Buyer will need to pass KYC within escrow and provide POF (latest bank statement).

  • 2. Buyer and Seller sign Purchase Sale Agreement.

  • 3. As soon as Buyer is on-boarded to escrow, Buyer needs to deposit funds to escrow for the first tranche. Parties can start with 500 or 1000 BTC on the first tranche and then ramp up.

  • 4. Repeat process until the deal is settled in full.

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BUYER MANDATE ONLY

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Interested parties should contact:

: 

 

 

NEW: 400K BTC @ -4% net, SWIFT MT799, Bank2Bank, Europe - Look For Buyer

(Seller :  E P)

Post: 30.4.2019

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  • Seller has 400K btc and offers -4% net for buyer (2% buyer side paid by buyer ), ( % seller side paid by seller )

  • 2% Buyer side = 0.67% Buyer rep + 0.67% Buyer rep + 0.67% Buyer Mandate

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PROCEDURE:

  • 1. The Seller hereby sells to the Buyer and the Buyer hereby purchases from the Seller 400,000 Bitcoins (“BTC”).

  • 2. The Purchase Price to be paid by the Buyer to the Seller in consideration for BTC in accordance with the Transaction Schedule is: The average price of the day prior to the date of the tranche according to the price from Gemini (published at https://cryptowat.ch/markets/gemini/btc/usd) minus 3% (three percent) on Delivery („Purchase Price“).

  • 3. The BTC-provider provides to the EUR-provider form of SWIFT MT799. The bank of the EUR provider must complete this form and send it back to the BTC-provider for approval.

  • 4. After final approval of the SWIFT MT799 format, the EUR-provider’s Bank issues SWIFT МТ799 to the BTC-provider’s Bank 

  • 5. The BTC-provider sends a test micro transaction of Satoshi to establish a connection between the wallets of the BTC-provider and the EUR-provider.

  • 6. EUR-provider checks the legitimacy of the wallets.

  • 7. BTC-provider transfers bitcoins in tranches from its wallet to the wallet specified by the EUR-provider.

  • 8. The EUR-provider for each tranche of bitcoins makes payment in EUR to the BTC-provider by SWIFT MT103 / 202 in the amount of 100% minus the “Net discount” (multiplied by the exchange rate of bitcoins at the current moment), namely, 97% EURO for every 100% BITCOINS

  • 9 After receiving the Euro for the transferred BINCOINS, the BTC-Provider pays a commission to intermediaries and agents of the Seller by himself. The buyer pays remuneration to his intermediaries, agents and advisers from his own funds and under a separate Agreement.

  • 10. Further tranches are processed according to the tranche schedule “A”, (with clauses from item 4. to item 9. of the Transaction Procedure), until the total volume of the contract is reached.

  • 11. Further, the Buyer pays by SWIFT MT103/202 or SEPA, and the Seller transfers 400,000 BTC from its wallets to the wallet of the Buyer in the following tranches:

  • a. First week…….20, 000 BTC

  • b. Second week…….20, 000 BTC

  • c. Third week…….20, 000 BTC

  • d. Fourth week…….and all time thereafter 20,000 BTC until the fulfillment of the 400,000 BTC or exhaustion of the supply.

  • MINIMUM ACCEPTABLE BY TRANCHE IS 100,000 BTCs

  • 12. The BTC remains the sole property of the Seller until full payment of all claims of the Seller under this contract.

  • 13. Bitcoin are successfully delivered if and only if the bitcoin where send from the wallet shown to the buyer prior to sending the tranche, the transaction is not become invalid for whatever reason e.g. the transaction transferred the bitcoin to the wallet of the buyer is not part of the longest chain in blockchain (the transaction is in an orphan block) and the transaction has at least six (6) confirmations in the blockchain.

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BUYER MANDATE ONLY

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Interested parties should contact:

: 

 

 

NEW: 100K BTC @ +0.7% gross, +1.5% net, Bank2Bank, Escrow, Wilmington Trust   - Look For Buyer

(Seller :  M S)

Post: 27.4.2019

Seller is a FinCEN regulated Canadian corporation. Bank2bank procedure is fast. Delivery is specified in the MPA (Master Purchase Agreement) which is legally binding with FinCEN regulated money service businesses. Also, Seller works with Wilmington Trust escrow.

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  • I am direct to Seller Mandate

  • Amount (min), BTC: 1000 BTC 

  • Amount (max), BTC: 100000 BTC

  • Rate: tradeblock.com (XBX Bitcoin index)

  • Gross : +0.7%

  • Net : +1.5%

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  • Purchase procedure:

  • Type:  B2B Escrow

  • KYC: No need in case of Bank2Bank, standard KYC list in case of using Wilmington Trust

  • LOI: No

  • POF type: Bank statement

  • POC type: Provided by Escrow Agent (in case of using Wilmington Trust)

  • Agreement type: n/a

  • Face-2-Face meeting: Possible in Montreal, Canada

  • Escrow: Wilmington Trust only

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Seller offers two procedures: bank2bank or escrow. Seller is on-boarded with Wilmington Trust (US) for escrow deals, and Signature Bank for bank2bank method. Delivery of coins is fast, procedure is simple and standard for OTC market. If needed, seller can attend a call on seller-buyer level, in all other cases the call will be with a mandate. It’s also possible to have Face2Face meeting in Montreal, Canada.

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  • PROCEDURES:

  • Bank2bank procedure:

  • 1. Buyer registers at Signature Bank with seller and signs Master Purchase Agreement

  • 2. Buyer sends funds via wire to account at Signature Bank and notifies seller

  • 3. Seller confirms receipt of funds

  • 4. Seller sends purchase order at predetermined time

  • 5. Buyer confirms purchase order immediately

  • 6. Seller rapidly delivers coins to client

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  • Wilmington Trust procedure:

  • 1. Buyer onboards with Wilmington Trust. Seller may provide assistance with the registration. Buyer will need to pass KYC within escrow and provide POF (latest bank statement).

  • 2. Buyer and Seller sign Purchase Sale Agreement.

  • 3. As soon as Buyer is on-boarded to escrow, Buyer needs to deposit funds to escrow for the first tranche. Parties can start with 500 or 1000 BTC on the first tranche and then ramp up.

  • 4. Repeat process until the deal is settled in full.

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BUYER MANDATE ONLY

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Interested parties should contact:

: 

 

 

NEW: 300K BTC @ -4% gross, -1% net, Escrow, Wilmington Trust   - Look For Buyer

(Seller :  E P)

Post: 7.4.2019

Seller has 300K btc onboard at Wilmington Trust. -4% gross, -1% net, -3% brokers (-1.5% buyer side, -1.5% seller side) OR 

-4% gross, -1% net, -2% brokers (-1% buyer side, -1% seller side), -1% escrow

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  • Seller rep direct to Seller Mandate​

  • Escrow: Wilmington Trust

  • KYC: Yes.

  • LOI: Yes

  • POF type: Escrow

  • POC type: Satoshi Test, Wallet A/B

  • Agreement type: Purchase-Sale agreement

  • Face-2-Face meeting: nil​​​

  • Buyer provides Buyer's CIS

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  • Procedure & Payment:

  • 1. The Buyer issues Swift MT-799 Pre-Advice to the Seller's bank showing the rediness to purchase full amount to the BTC using MT-760

  • 2. After receiving Swift MT-799 Pre-Advice message, Seller provides POC ( Satoshi Test ) to buyer's BTC wallet. Seller wallet will show a minimum of 3000 BTC. ( wallet's volume as to cover the first BTC tranche )

  • 3. Buyer issues MT-760 SBLC to the seller

  • 4. Upon receipt of the Swift MT-760 SBLC, Seller makes bitcoin transaction to the Buyer's wallet every banking day. All the BTC must be sent within 10 business days.

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BUYER MANDATE ONLY

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Interested parties should contact:

: 

 

 

NEW: 10K BTC @ +0% gross, +2% net, Bank2Bank, Escrow, Wilmington Trust   - Look For Buyer

(Seller :  M S)

Post: 3.4.2019

Seller is a massive liquidity provider (above $50B to spend on crypto assets), located in Cayman Islands, fairly well known, and is a regulated institution.

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  • I am direct to Seller Mandate

  • Amount (min), BTC: 1000 BTC 

  • Amount (max), BTC: 10000 BTC

  • Rate: blockchain.com

  • Gross : +0%

  • Net : +2%

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  • Purchase procedure:

  • Type:  Bank2Bank or Escrow

  • KYC: Yes

  • LOI: No

  • POF type: Bank statement

  • POC type: Satoshi test

  • Agreement type: n/a

  • Face-2-Face meeting: No

  • Escrow: Wilmington Trust only

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Seller normally works through bank2bank procedure. Since it is a regulated institution, the main requirement for the Buyer is an ability to pass KYC process. As soon as KYC is passed, POC can be provided, and it’s possible to setup a call with Seller directly. The parties sign the contract, buyer executes SWIFT MT760, and then transfer of coins and funds happen at the same time.


Seller also has an account in Wilmington Trust. If needed, they can trade though this escrow as well. Seller is a dual-escrow platform, so coins will be in the custody of the escrow platform and Wilmington Trust would be used for fiat escrow only.

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  •  Procedure:

  • 1. Buyer provides KYC documents and bank statement.

  • 2. Seller checks KYC documents and provides POC in the form of AB wallet transfer. It’s also possible to arrange a call at this stage if needed.

  • 3. Parties sign SPA (Sale Purchase Agreement).

  • 4. At this stage, there are 3 possible ways to close the deal:
    a) Buyer’s bank executes MT760 (blocked funds) to Seller’s bank. Once the Seller’s bank confirmed the bank message (MT760), the Seller starts transferring the first tranche of BTC.
    b) Seller can do a ledger to ledger in Signature Bank, no SWIFT needed.
    c) Seller has an account in Wilmington Trust, so they can close the deal using this escrow as well. Seller is a dual-escrow platform, so coins will be in the custody of the escrow platform and WT would be used for fiat escrow only.

  • 5. The corresponding tranche of funds is transferred from Buyer to Seller.

  • 6. The next tranche of BTC is transferred to Buyer in accordance with the agreed timeline. Once it is done, the corresponding tranche of funds is transferred to Seller. Repeat process until the deal is settled in full.

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BUYER MANDATE ONLY

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Interested parties should contact:

: 

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NEW: 100K BTC @ +0.5% gross, +2.5% net, Escrow, Wilmington Trust (US), Unity (Europe)  - Look For Buyer

(Seller :  M S)

Post: 1.4.2019

Seller is a private BTC owner. Seller provides a clean and steady supply of BTC through escrow service. He has a reliable trade execution process and is ready to work through Wilmington Trust (US) and Unity (Europe) escrow agents.

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  • I am direct to Seller Mandate

  • Amount (min), BTC: 100 BTC 

  • Amount (max), BTC: 100000 BTC

  • Rate: blockchain.com

  • Gross : +0.5%

  • Net : +2.5%

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  • Purchase procedure:

  • Type:  Escrow

  • Escrow: Wilmington Trust and Unity only (Seller is on boarded on both)

  • KYC: Yes

  • LOI: Yes

  • POF type: Bank statement

  • POC type: Verified by Escrow

  • Agreement type: Purchase-Sale agreement

  • Face-2-Face meeting: No

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Seller works through escrow service. Seller is on-boarded with both Wilmington Trust (US) and Unity (Europe) and doesn’t work with other escrow agents. POC is provided via Escrow. The trade is executed after KYC is passed and Purchase Sale Agreement is signed. Seller side pays escrow fees for the buyer. As soon as buyer deposit funds into escrow, the deal will be settled in few tranches.

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  •  Procedure:

  • 1. BUYER provides LOI, the latest bank statement (redacted one with names and account numbers blacked out is fine as well).

  • 2. BUYER gets onboard with Wilmington Trust or Unity escrow, submits required KYC documents.

  • 3. BUYER and SELLER sign Purchase Sale Agreement.

  • 4. As soon as BUYER is on boarded to escrow, BUYER needs to deposit funds to escrow for the first tranche. Parties can start with 500 or 1000 BTC on the first tranche and then ramp up.

  • 5. Repeat process until the deal is settled in full.

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BUYER MANDATE ONLY

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Interested parties should contact:

: 

 

 

NEW: 300K BTC @ -3% gross, -1% net, Escrow, Wilmington Trust, US - Look For Buyer

(Seller :  M S)

Post: 30.3.2019

Seller is a mining company located in the US. The deal is executed through a trusted escrow service (escrow with toptier regulated law firm) and guarantees security for both sides. Buyer funds are never at risk. Buyer does not need to upload all funds into escrow. Buyer receives the coins before Seller receives the payment. Seller provides POC as Satoshi test or Wallet A/B.

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  • I am direct to Seller Mandate

  • Amount (min), BTC: 5000 BTC

  • Amount (max), BTC: 300K BTC

  • Rate: blockchain.com

  • Gross : -3%

  • Net : -1%

  • Bank: HSBC London, Signature Bank (US)

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  • Purchase procedure:

  • Type:  Escrow

  • Escrow: TMF Group, Wilmington Trust, or any other approved escrow with top-tier regulated law firm

  • KYC: Yes.- Via Escrow

  • LOI: Yes

  • POF type: Escrow

  • POC type: Satoshi Test, Wallet A/B

  • Agreement type: Purchase-Sale agreement

  • Face-2-Face meeting: nil

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The procedure of purchasing bitcoins is based on escrow. Once agreement signed and POF confirmation from reliable escrow received, Seller transfers to Buyer’s wallet BTC tranches as agreed in the purchase contract. Buyer shall pay to Seller via escrow only after each transferred BTC tranche.

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  •  Procedure:

  • 1. Buyer’s representative sends LOI.

  • 2. Buyer will receive full agreement or the purchase order from Seller and has five clear international banking days to sign and return agreement in full.

  • 3. Once POF confirmation from reliable escrow received, Seller sends a public key of his wallet that holds NOT less than 5,000 (Five Thousand BTC). This Wallet will be used throughout the transaction and on the contract. Also, upon mutual agreement, Satoshi can be sent from the transactional wallet.

  • 4. Upon confirmation of the Escrow deposit Seller will initiate transfer of the corresponding tranche of bitcoins (no less than 5000 BTC) to Buyer’s wallet.

  • 5. Buyer verifies the status of transfer and confirms the receipt of BTC.

  • 6. Full payment for delivered BTC tranche(s) is released to the Seller specified bank account.

  • 7. The process for the next tranches is repeated from Step 4 until the contract is settled in full.

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BUYER MANDATE ONLY

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Interested parties should contact:

: 

 

 

NEW: 100K BTC @ +0.5% gross, +2.5% net, Escrow, Wilmington Trust, Unity - Look For Buyer

(Seller :  M S)

Post: 30.3.2019

Seller is a private BTC owner. Seller provides a clean and steady supply of BTC through escrow service. He has a reliable trade execution process and is ready to work through Wilmington Trust (US) and Unity (Europe) escrow agents.

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  • I am direct to Seller Mandate

  • Amount (min), BTC: 100 BTC

  • Amount (max), BTC: 100K BTC

  • Rate: blockchain.com

  • Net : +2.5%

  • Gross : +0.5%

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  • Purchase procedure:

  • Type:  Escrow

  • Escrow: Wilmington Trust and Unity only (Seller is on boarded on both)

  • KYC: Yes.

  • LOI: Yes

  • POF type: Bank statement

  • POC type: Verified by Escrow

  • Face-2-Face meeting: No

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Seller works through escrow service. Seller is on-boarded with both Wilmington Trust (US) and Unity (Europe) and doesn’t work with other escrow agents. POC is provided via Escrow. The trade is executed after KYC is passed and Purchase Sale Agreement is signed. Seller side pays escrow fees for the buyer. As soon as buyer deposit funds into escrow, the deal will be settled in few tranches.

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  •  Procedure:

  • 1. BUYER provides LOI, the latest bank statement (redacted one with names and account numbers blacked out is fine as well).

  • 2. BUYER gets onboard with Wilmington Trust or Unity escrow, submits required KYC documents.

  • 3. BUYER and SELLER sign Purchase Sale Agreement.

  • 4. As soon as BUYER is on boarded to escrow, BUYER needs to deposit funds to escrow for the first tranche. Parties can start with 500 or 1000 BTC on the first tranche and then ramp up.

  • 5. Repeat process until the deal is settled in full.

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BUYER MANDATE ONLY

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Interested parties should contact:

: 

 

 

NEW: 100K BTC @ 0% gross, +1.5% net, Unity or Wilmington Trust - Look For Buyer

(Seller: V V)

Post: 23.3.2019​​​​

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  • The seller is  selling 100K BTC at spot price plus 0.50% Escrow through Unity or Wilmington Trust.

  • Seller is verified onboarded  entity  in both escrows.

  • We can tranche 3,000 coins a day 3 to 4 times a day.  

  • Any brokers would have to add to the 0.5% ie 1.5% (3 brokers x0.5%) on top for commissions.

  • Sell side is closed

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BUYER  MANDATE ONLY

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Interested parties should contact:

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NEW: 100K+ BTC @ +4% gross, 0% net, Wilmington Trust - Look For Buyer

(Seller: V W)

Post: 15.3.2019​​​​

New Wilmington seller for 100K+ btc, +4% gross (+4% buyer), 0% net,  +2% seller, +2% brokers, 10K btc daily tranche.

Possible to negotiate for +3.5% for buyer and +2% for brokers.

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  • Wilmington Procedures :

  • Seller will promise to speed up Wilmington Trust onboarding and pay all fees of WilingtonTrust as escrow

  • NCNDA between all parties, LOI

  • Mandate to Mandate call – answer questions and explain detailed process

  • Seller Mandate calls WilingtonTrust management to validate background on the buyers (they are active and serious)

  • Seller provides KYC/CIS information and onboard WilingtonTrust (buyers are already KYC’d and onboarded)

  • Purchase agreement, IMFPA and escrow agreement

  • Seller shows POC for 100 btc. Buyer loads funds into WilingtonTrust for test tranche

  • PoC/ PoF for at least 100 coins first tranche (later trenches will be as big as wire limits) ie 5000 btc but can do multiple tranches per day

  • Transact upon approval through compliance at Wilmington Trust

  • WilingtonTrust is a fiat escrow so the buyers transfer money to WilingtonTrust escrow account, but bitcoins are transferred directly between seller to buyer after WilingtonTrust approves that the funds are secured at their account

  • Upon confirmation on the blockchain - WilingtonTrust wires the money to the seller

  • Repeat transaction steps until all coins have been purchased

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BUYER  MANDATE ONLY

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Interested parties should contact:

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NEW: 275K BTC @ -4% gross, -2% net, Wilmington Trust - Look For Buyer

(Seller: C..I)

Post: 6.3.2019​​​

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Transactional Process with Wilmington procedures :

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  • 1. Buyer shows POF. Seller shows POC through a signed message or small satoshi test from a wallet containing a min of at least the amount of the desired transaction for coin analysis. Minimum size of initial test transaction is $500,000 USD

  • 2. An escrow agreement is signed between Buyer and Seller and then submitted to Wilmington Trust for approval.

  • 3. Upon approval, both buyer and seller parties are KYC'd via WT compliance.

  • 4. After passing KYC, a Sales and Purchase Agreement (SPA) and Irrevocable Master Fee Protection Agreement (IMFPA) is drafted and and signed by all involved parties.

  • 5. Buyer wires a deposit in the amount of at least 100 BTC, enough to cover the initial tranche amount, WT confirms receipt and holding of the funds to the seller.

  • 6. At an agreed time, Buyer and Seller parties gets on a conference call to set Spot price using Tradeblock.com, and facturing in the Net Discount, Seller guarentees coins to be sent within 10-minutes of agreeing on the Spot Price.

  • 7. After a minimum of 6 confirmations on the blockchain, Buyer, Seller, and representatives call WT as well as send a signed document confirming the successful transfer for each tranche. WT then immediately wires funds to seller's account.

  • 8. This process continues with agreed upon tranche schedule until contract is filled.

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The LOI is the first doc, P&S agreement, Escrow agreement and deal road map.

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SELLER  MANDATE ONLY

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Interested parties should contact:

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NEW: 100K BTC @ 0% gross, +2% net, Wilmington Trust, US - Look For Buyer

(Seller: V W)

Post: 23.2.2019

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  • I have WT seller for 100K btc, 0% gross ( SPOT PRICE), +2% net (buyer pay 2%), 2% for brokers

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  • PROCEDURES:

  • NCNDA between all parties, LOI
    •    Mandate to Mandate call – answer questions and explain detailed process
    •    Seller Mandate calls WT management to validate background on the buyers (they are active and serious)
    •    Seller provides KYC/CIS information and onboard WT (buyers are already KYC’d and onboarded)
    •    Purchase agreement, IMFPA and escrow agreement
    •    Seller shows POC for 100 btc. Buyer loads funds into WT for test tranche
    •    PoC/ PoF for at least 100 coins first tranche (later trenches will be as big as wire limits) ie 5000 btc but can do multiple tranches per day
    •    Transact upon approval through compliance at Wilmington Trust
    •    WT is a fiat escrow so the buyers transfer money to WT escrow account, but bitcoins are transferred directly between seller to buyer after WT approves that the funds are secured at their account
    •    Upon confirmation on the blockchain - WT wires the money to the seller
    •    Repeat transaction steps until all coins have been purchased

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  • BUYER MANDATE ONLY

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Interested parties should contact:

: 

 

NEW: 20K BTC @ -4% gross, -2% net, Wilmington Trust, US or EU - Look For Buyer

(Seller: M B C)

Post: 11.2.2019

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  • SELLER IS SELLING 20,000 BTC, IN TRANCHES WITH ROLLS AND EXTENSIONS

  • -4% gross, -2% net, -2% commissions, buyerside 1%, seller side 1%

  • Seller side closed

  • 4K BTC with initial tranche of 1K BTC and thereafter 3K BTC in no more than 2 additional tranches and thereafter up to 4K BTC daily until this contract is completed in no more than 7 business days from the date of the initial tranche.

  • ​

  • Procedures:

  • Parties agree on Bitcoin total quantity and quality (BTC)  for Seller prepared Purchase Agreement, discount and Buyer commission.  Parties retain separate counsel.  Parties enter into their respective Mandate or Broker Agreements. Seller and Buyer execute engagement agreement for (Escrow/Settlement Agent) at the lawyer's IOLTA ACCT at M&T Bank, N.A.

  • ​

  • The Buyer provides Letter of Intent (LOI) to Seller Mandate (BVFR & Associates, LLC).

  • The Buyer provides Client Intake Sheet (CIS) documents, detailing Buyer information, to Seller Mandate.

  • Seller prepares and executes Purchase and Sale Agreement (SPA) and Buyer executes SPA. 

  • Buyer provides Proof of Funds (POF) to Seller Mandate and Escrow/Settlement Counsel.

  • Seller provides POC in form of a Satoshi from a transactional wallet only to show show clean BTC but that will only be loaded with the 1K BTC upon the ESCROW being funded at M&T Bank, N.A. and thereafter reloaded for each subsequent BTC tranche.

  • Buyer’s funds for purchase under SPA delivered to Escrow/Settlement Counsel.

  • Escrow/Settlement Counsel verifies with Seller’s Counsel and Seller the receipt of Buyer’s funds, and transfers funds due from Buyer under SPA to Seller’s Counsel, to be held in trust and escrow for subsequent administration per the SPA.

  • Seller sends initial 1000 BTC as test tranche to Buyer’s designated wallet or platform for acceptance.

  • Buyer and/or Buyer’s Counsel notifies Escrow/Settlement Agent that initial 1000 BTC tranche amount is accepted as delivered.  Thereafter, Escrow/Settlement Counsel and Seller Counsel will be duly authorized at its discretion to pay the applicable fees due to the parties per SPA and/or other Transaction Agreements, documents or instructions for that accepted and delivered tranche.

  • Seller immediately sends the balance of 3000 BTC in 1 or 2 tranches to the same designated Buyer’s wallet or platform for acceptance.

  • After Buyer and/or Buyer’s Counsel notifies Escrow/Settlement Counsel that the remaining  tranches totaling 3000  BTC has been received and accepted in Buyer’s Wallet from Seller, Escrow/Settlement Counsel notifies Seller’s Counsel, and Seller’s Counsel disburses Seller funds per ACCEPTED BTC tranche from his escrow and Escrow/Settlement Counsel disburses remaining funds per ACCEPTED BTC tranche from his escrow to parties as per SPA and/or other Transactions agreements, documents or instructions.

  •  

  • Steps 7-12 shall receipt until the full contracted amount of 20,000 BTC is delivered.

 

BUYER MANDATE ONLY

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Interested parties should contact:

: 

 

 

NEW: 100K+  BTC @ -3% gross, -1% net, Wilmington Trust - Look For Buyer

(Seller: R A)

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Post: 26.11.18

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  • Seller has 100K+ btc, -3% gross, -1% net

  • Wilmington Trust

  • Flexible deals

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BUYER MANDATE ONLY

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Interested parties should contact : 

 

 

 

NEW: 50-80K  BTC @ -4% gross, -2% net, Wilmington trust, Switzerland - Look For Buyer

(Seller 5)

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Post: 26.11.18

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  • # F2F in Switzerland (UBS) 
    # Escrow Service (Wilmington Trust, European institutional escrow) 

  • - QTY : 50-80K
    - Discount : Gross -4, Net -2
    - Transaction : F2F in Switzerland (UBS) or Escrow Service (Wilmington Trust, European institutional escrow) 

  • - Procedure: 
    1. LOI to be submitted by buyer
    2. POF (MT799) → POC
    3. Gogogo

  • ☞ Seller will cover the cost of the MT799 after a successful trade

  • ☞ Seller can put up a performance bond if demanded by buyer

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BUYER MANDATE ONLY

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Interested parties should contact : 

 

 

 

NEW: 200K BTC  @ -4% gross, -2% net, Escrow, Wilmington Trust - Look For Buyer

(Seller 3)

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POST 24.11.2018

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SDC-S143

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  • 200K/ Net -2/ Wilmington Trust

  • Seller is a US hedge fund and is fully regulated by the SEC.

  • Escrow:

  • Escrow for the fiat component is Wilmington Trust. Jurisdiction is USA, London or Frankfurt.

  • https://www.wilmingtontrust.com/wtcom/index.jsp?section=Corp&fileid=1421338360068

  • Wilmington Trust is a very well known escrow, biggest M&A deals around multi billion for all the biggest banks JPM, Goldman Sachs.

  • Conditions & Procedures:

  • 1) Block size is 200k at -2 net discount to the buyer and seller is looking to liquidate 10k per day after initial test tranches. Minimum tranche size is 5k per day with a minimum commitment of a 100k block. 1% out of the gross comm to be split so 50bsp is available for your side.

  • 2)  Wilmington Trust fees are sub 10bsp which is relatively cheap compared to other Tier 1 escrow solutions.

  • 3) Buyer or buyer's attorney fills out and sends us the MOU/IMFPA minus the KYC. KYC never goes into the possession of the seller team. Any sensitive data such as passport and banking information can be omitted from the MOU.

  • 4) Buyer's encrypted KYC file gets sent directly into Wilmington Trust. Seller will also onboard WT and be KYC'd as well. With a well prepared KYC pack OnBoard at WT should not take more than 48hrs. 

  • 5) Wilmington Trust validates buyer with respect to having the liquidity to transact.

  • 6) Satoshi or alternative Proof of Control will be provided prior to any movement of funds into escrow. WT escrows the fiat only. A letter of attestation from a reputable US based chain analysis firm is available post compliance verifiable by the buyer with the same firm.

  • 7) Coin is sent directly to the buyer. All wallets for each day made available 24hrs prior to transacting to the buyer so that their IT team performs their own chain analysis on the coin as well.

  • 8) After 6 confirmations on the blockchain funds are released from escrow.

 

 

 

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Buyer Mandate Only

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Interested parties should contact :

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NEW: 400K BTC @ -3% gross, -1% net, Wilmington Trust, US  - Look For Buyer

(Seller J.....S)

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Date: 22.11.2018

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  • Seller has 400K btc in US

  • -3% gross, -1% net

  • % gross to be negotiated on price and volume.

  • Wilmington trust

  • Flexible deal

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Buyer Mandate Only

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Interested parties should contact :

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