YouTubeXLinkedIn

Questions about the FTX creditor distribution via BitGo? Read our FAQ.

skip to content

Travel Rule

About the Travel Rule at BitGo

The Travel Rule is a regulatory requirement that obligates Virtual Asset Service Providers (VASPs), like BitGo, to gather and share certain customer information for virtual asset transfers that meet specific criteria. This rule is intended to prevent money laundering, combat the financing of terrorism, and improve transparency in digital asset transactions.

BitGo custodial wallets, including both segregated client accounts and Go Accounts, are subject to the Travel Rule. This means you will need to provide specific details when you withdraw or receive digital assets. The Travel Rule does not apply to hot wallets, fiat transactions, or transactions for staking, unstaking, or claiming rewards.

Withdrawals

Withdrawals to a VASP

When sending digital assets from your BitGo custodial wallet to another VASP, you may be required to provide details about the receiving VASP and recipient as part of the address whitelisting process. This information is only needed once per address.

Requesting a VASP Addition

If the receiving VASP is not listed in the dropdown menu, you can request to add the VASP to the directory. You will need to provide information about the VASP for the BitGo team to review. Once verified, it will be added to BitGo's list of known VASPs and will be available for withdrawals. Note: Transfers cannot be performed or queued while a VASP review is in progress. Once the review is completed and the VASP is approved, you will be able to perform your transfer/withdrawal. 

Withdrawals to an Unhosted Wallet: Small Deposit Test

For withdrawals to an unhosted wallet (e.g., a hardware wallet or MetaMask), you must complete a Small Deposit Test (also known as a Satoshi Test) to verify that you own the external address you are whitelisting.

The Small Deposit Test is used to verify ownership of an unhosted wallet address to comply with regulatory requirements. You will be given a small, specific amount of the digital asset to transfer from your unhosted wallet to your BitGo wallet. You have 24 hours and three attempts to complete this test.

To successfully complete the test, the deposit must be received from the exact address you specified. For UTXO coins, the amount might be sent from a change address, which can cause the test to fail. You must ensure you can specify the exact address the deposit comes from.

Deposits From an Unrecognized Address

If you receive a deposit into your segregated custodial wallet or Go Account and the originating address is not recognized by BitGo, wallet admins will receive a message in the Activity section of the platform. You will be prompted to provide details about the sender, including whether the deposit came from an individual or a business and their country of residence or incorporation.