Bitcoin audits help clients independently verify whether an exchange is solvent or whether they have been hacked or have misused their clients’ crypto.Coinfloor is a custodian of client bitcoins and we believe that we must set the industry standard for transparency and regular attestations. Without proper public accountability, the industry will not be able to grow and mature. This is why we have always committed to releasing a Bitcoin audit (also known as “Provable Solvency” or “Proof of Custody”) Report every month. Coinfloor is proud to have the longest track record in the world for creating these reports – in fact, we have produced more solvency reports than all other major cryptocurrency exchanges combined. You can review all our solvency reports below For more information about why Bitcoin audits and Proof of Custody is so important, see the excellent article on how to effectively scale the Bitcoin industry by Nic Carter, the respected crypto commentator.
The invention of the Bitcoin blockchain as a global decentralised ledger enables markets to produce new standards of accountability and the safeguarding of client funds. In a self-regulated environment such as Bitcoin, firms must compete for customers’ trust by providing greater transparency.
We believe that this approach is the best way to achieve maximum accountability while retaining privacy for our clients. We welcome feedback from the community and hope that other exchanges are also able to safeguard client funds and will provide proof of solvency as well.
Coinfloor is dedicated to accountability and has committed to publish a Provable Solvency Report every month, showing the total amount of client funds Coinfloor has on deposit and proving ownership of those funds on the blockchain.
Need help? Email us at [email protected]
|Date (UTC+05:30)||name of the report||Amount||SHA-256 Hash of the report||Transaction ID|
|Apr 15, 2021||Provable Solvency Report #85 – Apr 2021||2682.85545506 XBT||CC2B9ABE7859A998DE644C6593ECA690AEEDFF8F1D62898FE79580454232C292||
2712d2d999975ef95eb0761e008179b0d7937e63c1f8a0d1e417a7ebb74b8e3fCopy to clipboard
|Mar 16, 2021||Provable Solvency Report #84 – Mar 2021||2991.867077 XBT||49C716E7432BF45F1C399FA13E173D4EAA38987493B6863098D0BBB928BD931A||
bbc4a344b0a1cbd7efb718c33cf39c99052f270dabaa95e7ef56be55a1a20383Copy to clipboard
|Feb 17, 2021||Provable Solvency Report #83 – Feb 2021||3077.4881 XBT||E35D5C054513A4DBF75CD6B5A7D72696C7B8BE4D9FC65E69E52DEBE9B9411C63||
22f16bd78c3103af76dedeac096fdc33382d2cd9bab43ab48ffd6dfef757b640Copy to clipboard
|Jan 15, 2021||Provable Solvency Report #82 – Jan 2021||3282.6026 XBT||FCDBCA550069A88594B7DDB834A02C1CE9F3150C70FF8F89D49158BF06C8AD04||
6b6ce7f33950eacbeaf0db1339725bfb7f104883189651e5511601daccdd793bCopy to clipboard
|Dec 15, 2020||Provable Solvency Report #81 – Dec 2020||3489.0246 XBT||20ded532d9885d256b294f5a644661a028a7487db8d41e77323061d5dc590dae||
fb713c3da05ef2868a4b76c668fb5ce62840ae099450e711f6cdad778700e848Copy to clipboard
|Nov 17, 2020||Provable Solvency Report #80 – Nov 2020||3481.6235 XBT||02C14468EFA10595874427C2DA1F3FEF7FD7B87256D2C7177184B48BCAF72504||
35dad31554bae0d2b5e54730e5c8a64b8953a04865eb41fbfe4b18c579291d74Copy to clipboard
|Oct 15, 2020||Provable Solvency Report #79 – Oct 2020||3,746.9312 XBT||377EAA049495CA4EFDE47F1A925BC8C684431D2EB01D33BCF4CE9228DDE458C0||
262fba642423e82df80aea46e2557ac9452ae6b582b668ed1f3d6f7d013879b4Copy to clipboard
|Sept 10, 2020||Provable Solvency Report #78 – Sept 2020||3,657.4500 XBT||A2942B7B274BF8BD7D1C7496B46A9DDE6B8E0FE776AD2EBE82E778FEF8DE16E9||
607c3894b3ad6e0b5f4c09540facf27fbf59a22915a25c17f65a4f95f4fd01c7Copy to clipboard
|Aug 13, 2020||Provable Solvency Report #77 – Aug 2020||3,667.7564 XBT||D5C6E1D7BD86DD509F07756D8516DE1CEAACC43E7064044E73394D122E7C77C7||
9cbc5ae281021c97d531cf5cb903f0b54b7e01d3967407cc45f6be54c4a1b695Copy to clipboard
|July 16, 2020||Provable Solvency Report #76 – Jul 2020||3,703.7467 XBT||9E1822F0BD4FC5C547FF58B21B748DE32FAA0E8ED170B37436D6115DC10ABDC0||
9db24b9f4c1b4c65018fe92ab5fa8cc9664a39755429cd3bd641d622c34c4fedCopy to clipboard
|Name of the report||Provable Solvency Report #85 – Apr 2021|
|SHA-256 Hash of the report||CC2B9ABE7859A998DE644C6593ECA690AEEDFF8F1D62898FE79580454232C292|
|Date (UTC+05:30)||Apr 15, 2021|
|Name of the report||Provable Solvency Report #84 – Mar 2021|
|SHA-256 Hash of the report||49C716E7432BF45F1C399FA13E173D4EAA38987493B6863098D0BBB928BD931A|
|Date (UTC+05:30)||Mar 16, 2021|
|Name of the report||Provable Solvency Report #83 – Feb 2021|
|SHA-256 Hash of the report||E35D5C054513A4DBF75CD6B5A7D72696C7B8BE4D9FC65E69E52DEBE9B9411C63|
|Date (UTC+05:30)||Feb 17, 2021|
|Name of the report||Provable Solvency Report #82 – Jan 2021|
|SHA-256 Hash of the report||FCDBCA550069A88594B7DDB834A02C1CE9F3150C70FF8F89D49158BF06C8AD04|
|Date (UTC+05:30)||Jan 15, 2021|
|Name of the report||Provable Solvency Report #81 – Dec 2020|
|SHA-256 Hash of the report||20ded532d9885d256b294f5a644661a028a7487db8d41e77323061d5dc590dae|
|Date (UTC+05:30)||Dec 15, 2020|
|Name of the report||Provable Solvency Report #80 – Nov 2020|
|SHA-256 Hash of the report||02C14468EFA10595874427C2DA1F3FEF7FD7B87256D2C7177184B48BCAF72504|
|Date (UTC+05:30)||Nov 17, 2020|
|Name of the report||Provable Solvency Report #79 – Oct 2020|
|SHA-256 Hash of the report||377EAA049495CA4EFDE47F1A925BC8C684431D2EB01D33BCF4CE9228DDE458C0|
|Date (UTC+05:30)||Oct 15, 2020|
|Name of the report||Provable Solvency Report #78 – Sept 2020|
|SHA-256 Hash of the report||A2942B7B274BF8BD7D1C7496B46A9DDE6B8E0FE776AD2EBE82E778FEF8DE16E9|
|Date (UTC+05:30)||Sept 10, 2020|
|Name of the report||Provable Solvency Report #77 – Aug 2020|
|SHA-256 Hash of the report||D5C6E1D7BD86DD509F07756D8516DE1CEAACC43E7064044E73394D122E7C77C7|
|Date (UTC+05:30)||Aug 13, 2020|
|Name of the report||Provable Solvency Report #76 – Jul 2020|
|SHA-256 Hash of the report||9E1822F0BD4FC5C547FF58B21B748DE32FAA0E8ED170B37436D6115DC10ABDC0|
|Date (UTC+05:30)||July 16, 2020|
Copy the entire contents of the solvency report (including any leading or trailing spaces or blank lines) into the SHA-256 generator and calculate the SHA-256 hash of the report. You can confirm the hash generated matches with the SHA-256 hash of the report field.
You will find the hash generated in the previous step matches the hash in the “Hex” reference (at the top of the page below a heading saying “Data Embedded in Transaction with Unknown Protocol”) of the transaction published on the Bitcoin blockchain.
The provable solvency report consists of balances attached to SHA-1 hashes for each customer account.
You will need the timestamp from the Solvency Report (10 digit number on the first row of the report) followed directly by the API authentication cookie from your Coinfloor account.
API authentication cookie (API Key): 9BTa7M0Z/Mrk6tFMJwXXXXXXXXXX
Input to calculate you SHA1 Hash is: 1579519XXX9BTa7M0Z/Mrk6tFMJwXXXXXXXXXX
We believe that this approach is the best way to achieve maximum accountability whilst retaining privacy for our clients. We welcome your feedback and hope that in time, other exchanges will also help safeguard client funds by providing proof of solvency reports to their users on a regular basis.