The verification procedure for non-profit organizations, public and private bodies allows these users to start transparent fundraising and receive bitcoin donations.
What is the verification of a legal body?
The verification of a legal entity is the procedure used to ascertain the identity and geographical position of an account representing a public/private body that signed up for Helperbit.
What is the purpose of verifying a public/private/non-profit body?
In Helperbit we check carefully the documents of the legal bodies that signed up, because in the digital world it is easier to substitute for a different person.
This verification procedure has been structured to protect Helperbit’s users and to prevent fraudsters from operating fraudulently on the platform.
Which are the benefits?
The verification of a legal body is mandatory for users that are part of this category and allows them to have access to all the Helperbit’s services, so they have the opportunity to launch transparent fundraisings and create secure bitcoin wallets.
From the donor’s point of view, individuals are aware that only bodies that have completed the verification are visible on the platform and therefore they can donate with more tranquility.
Which are the procedures to complete the verification?
Three aspects are taken into account:
- compliance of the body with the platform policy;
- verification of the funds Administrators’ identity;
- verification of information related to the legal body;
There are different procedures for each type of legal body.
- Non-profit Organizations: this category includes non-profit associations, foundations and non-governmental Organizations. It is required that such bodies are apolitical, are recognized by their home Country and that they are focused on social causes. They have to complete their public profile and in addition the required documents are:
- Statute of the body
- Minutes of the last election assembly of a governing body
- Certification of a Manager who appoints the Administrators of the funds.
This document must contain the following information:
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- Personal information of the Administrator of the Organization Account (1)
- Personal information of the Administrators of the bitcoin wallets (3)
- Administrators’ email
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The 3 Administrators of the wallet must then create 3 individual accounts and each of them must provide their own ID. The bitcoin wallets created by Organizations are multisignature (3 of 4) and that means that 3 access keys are managed by the Organization and one is held by Helperbit, as a backup key. More information about the bitcoin wallets: read the article [link wallet].
To complete the geographic verification, a physical letter containing a Unique Code (OTC) is sent to the user and the Organization have to write this code in a specific form in its profile.
Do you want to sign up as a non-profit Organization? Join the platform in few steps.
- Public Bodies: this category includes Schools, Universities, Hospitals, Municipalities and all the national bodies. This category also includes private schools, universities and hospitals officially recognized by the Country in which they are based. The procedure is similar to the one used for non-profit Organizations and the required documents are:
- Statute of the body
- Minutes of the last election assembly of a governing body
- Certification of a Manager who appoints the Administrators of the funds.
This document must contain the following information:
-
-
- Personal information of the Administrator of the Account (1)
- Personal information of the Administrators of the bitcoin wallets (3)
- Administrators’ email
-
The 3 Administrators of the wallet must then create 3 individual accounts and each of them must provide their own ID. The bitcoin wallets created by the body are multisignature (3 of 4) and that means that 3 access keys are managed by the body and one is held by Helperbit, as a backup key. More information about the bitcoin wallets: read the article [link wallet].
To complete the geographic verification, a physical letter containing a Unique Code (OTC) is sent to the user and the body have to write this code in a specific form in its profile.
Do you want to sign up as a Public Body? Join the platform in few steps.
- Companies: this category includes the for profit bodies. They have to complete their public profile and in addition the required documents are:
- Identity Document of the Chief Executive Officer / Legal Representative
- Chamber of Commerce Visura
It is not required to create additional accounts. The bitcoin wallets created by this type of user are multisignature (2 of 3), with 2 access keys managed by the company and one by Helperbit, as a backup. More information about the bitcoin wallets: read the article [link wallet].
To complete the geographic verification, a physical letter containing a Unique Code (OTC) is sent to the user and the body have to write this code in a specific form in its profile.
Do you want to sign up as a Company? Join the platform in few steps.
How are the received data managed and stored by Helperbit?
User privacy is a very important value for us. Each Administrator of legal body is able to change the settings related to the public display of their personal data through their Account.
Public data linked with Organizations, Bodies and Companies are not modifiable and remain public, in order to offer the most possible transparency to the stakeholders.
For more information, see the Privacy Policy page.
