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Proof of Reserves

PlasBit maintain a 1:1 reserve of all users funds on our platforms, ensuring the security and availability of your crypto assets for trading and withdrawal.

Our Security
Latest Audit Date:
2024-05-01 00:00 (UTC)
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BTC

102%
PlasBit User Asset Holding2,273
PlasBit Wallet Assets2,301

Exchange2,081

Third Party Custody220

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ETH

101%
PlasBit User Asset Holding13,948
PlasBit Wallet Assets14,039

Exchange12,633

Third Party Custody1,406

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USDT

101%
PlasBit User Asset Holding33,449,564
PlasBit Wallet Assets33,510,658

Exchange33,129,058

Third Party Custody381,600

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USDC

102%
PlasBit User Asset Holding3,140,906
PlasBit Wallet Assets3,198,214

Exchange2,878,046

Third Party Custody320,168

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TRX

102%
PlasBit User Asset Holding4,843,904
PlasBit Wallet Assets4,931,547

Exchange4,931,547

Disclaimer: Third party custody balances shown above are held at third party custodians. If you have any questions or would like to verify the balances, please contact your third party custodians for verification.

Why is Proof of Reserves important?

As a cryptocurrency exchange, PlasBit understands that the safety and security of customer assets are top priorities. We ensure our balance sheet always holds enough assets with A 1:1 reserve ratio, giving us a longstanding reputation for best-in-class security and liquidity.
Our on-chain wallet holdings are also public, allowing you to easily confirm that customer deposits are backed 1:1 by real digital assets.
Our commitment to a 1:1 reserve ratio and monthly proof of reserves audit reports sets a high standard for the crypto industry, demonstrating our dedication to preventing the insolvency of our platform and the accuracy of our customer funds and net balances. This is critical for building trust with regulators and fostering a healthy and sustainable crypto ecosystem.
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What is Proof of Reserves Important?

Proof of reserves (por) ensures that custodians hold sufficient funds to cover all users' assets on their platform and deposit liabilities while remaining solvent.

This cryptographic attestation demonstrates that a crypto exchange holds a specific amount of assets on its blockchain at a particular time, providing transparency of aggregate user balances or the total sum of deposits on the exchange. This is achieved without revealing any sensitive information about individual account balances. Por is a critical component of the crypto ecosystem.

Assets considered reserves are cryptocurrencies offering strong liquidity and market acceptance. PlasBit offers reserve reports for 22 coins, including bitcoin (BTC), Ethereum (ETH), and stablecoins, such as tether (usdt), USD coin (USDC).

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