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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:
2024-04-01 00:00 (UTC)
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BTC

102%
PlasBit User Asset Holding2,526
PlasBit Wallet Assets2,557

Exchange2,292

Third Party Custody265

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ETH

102%
PlasBit User Asset Holding15,498
PlasBit Wallet Assets15,670

Exchange14,123

Third Party Custody1,547

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USDT

101%
PlasBit User Asset Holding37,156,741
PlasBit Wallet Assets37,251,021

Exchange36,849,474

Third Party Custody401,547

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USDC

102%
PlasBit User Asset Holding3,451,546
PlasBit Wallet Assets3,512,558

Exchange3,132,443

Third Party Custody380,115

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TRX

103%
PlasBit User Asset Holding5,265,114
PlasBit Wallet Assets5,392,059

Exchange5,392,059

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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