Question 1

What is Proof of Reserves?

Accepted Answer

Proof of Reserves is a cryptographic method that verifies a company's financial stability without revealing sensitive details, ensuring transparency and trust.

Question 2

How does it work?

Accepted Answer

The Reserve Test uses cryptographic methods to assess and verify a company's assets and liabilities. By doing this, it can be confirmed that a company has sufficient assets to cover its liabilities without needing to disclose specific details about those assets or liabilities. This allows stakeholders to have confidence in a company's financial strength without compromising financial privacy.

Question 3

I am representative of crypto exchange and I want to be on your leaderboard. How can I do that?

Accepted Answer

If you represent an exchange and wish to be included in our ranking, you can contact us directly through our contact form. After an initial assessment, our team will get in touch with you to discuss the next steps, which include a detailed review and the implementation of the Reserves Test process on your platform.

Proof of Reserves

Validate your assets at your disposal

Proof of Reserves is a cryptographic method that verifies a company's financial stability without revealing sensitive details, ensuring transparency and trust.

How to use Hacken PoR Service

All you need is to select an Exchange and paste your UUID

Exchanges

Select one of the prooved exchanges you want to validate

Bybit

BYDFi

bitcastle

BigONE

Backpack

Sport7

Gate.io

Crypto.com

Binance

WhiteBIT

Tapbit

OKX

Bit2Me

For businesses

Show your customers can trust you

Contact us to get a special offer on Hacken Proof of Reserves services

FAQ