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|
|Oct 25, 2017||Provable Solvency Report #43 – October 2017||5,026.6256 XBT||a35c4581ae835ad28066a2e2be6c2b1b8439439713f7d4929f83072765de9175||
5ac9bc29148a7c82d10452921e780f3f4e3c9f2128f507df9b4d101b4a7c86bbCopy to clipboard
|Sep 29, 2017||Provable Solvency Report #42 – September 2017||5,900.6846 XBT||5dd6f40c93b1db05756e30288b1e9e027fdabeac9320ae1e737553356d78b77b||
719dfbc49ca5a338012de68804fd6cf8c0ce7431d008537a3edea8f523a28c88Copy to clipboard
|Aug 31, 2017||Provable Solvency Report #41 – August 2017||5,324.1443 XBT||ca9b391efa05105ee7ac38ce55c782904db213625e9c8c78ba1a23fa60619bcd||
6440ab75455562924fab18c71bd6c393af56b7aa0b7474c7a8b811c3af0da33cCopy to clipboard
|Jul 28, 2017||Provable Solvency Report #40 – July 2017||5,216.3059 XBT||20170728514ca4d6cb04287fc3c1db0e5517ca086a2c395f0c34fad8677f7cf7b43933c6||
27d73ad80ad69dd74e388f18f60dac03f327a79daef07c5afbeb8443bed71968Copy to clipboard
|Jun 29, 2017||Provable Solvency Report #39 – June 2017||7,509.3716 XBT||9e93994fb9e0d28404554e2cb25caed719421fde2bf52a4c125538c9aac8112d||
d8db433ee015655963895abf734c257cad97b5c5da53991c8b4872b898560002Copy to clipboard
|May 24, 2017||Provable Solvency Report #38 – May 2017||6,749.3719 XBT||c66dcdde432206d1701c94a0afdb0ac8ec174d892ab3e696a40988633e2132a5||
f2633bdac628c594f6176775d9bc920ab18a49e73f26e02f28ce6df24dac5777Copy to clipboard
|Apr 27, 2017||Provable Solvency Report #37 – April 2017||7,454.8454 XBT||f25d13c2f51e5fef270c90f6c2bb36991bfa92a06a3106c917624226b03caba3||
729c3b600efa179e0fc67055b7953be1e3f7718c73eade77cbdec0c34a999af4Copy to clipboard
|Mar 22, 2017||Provable Solvency Report #36 – March 2017||7,825.2923 XBT||ec8279bf42aa915ee43378587e53eec6c864e0d65260669f54d4bec7223e5629||
2f3ce9d2a1a891abc3338c46bf6ba082424aaa6ac72e2a6ef7e9db8115064063Copy to clipboard
|Feb 28, 2017||Provable Solvency Report #35 – February 2017||9,233.9805 XBT||24ac5217a7648c9b717b110072fa795b3e48b0c0f072772dd34404b2c25a64ea||
0b57be09e2ff03f4408e931b160230622966dcc515e7561e95f0035da053c0eCopy to clipboard
|Jan 30, 2017||Provable Solvency Report #34 – January 2017||7,590.4195 XBT||9ff020ba1187401c80c2fdf8184e4a90f6371746ac5e97d8495e7c181ebd2467||
781a1d44f0ee0d8de8f34f3f1e4fe509ee4ecbb07a0e0a21e985fffc130d2c0fCopy to clipboard
|Name of the report||Provable Solvency Report #43 – October 2017|
|SHA-256 Hash of the report||a35c4581ae835ad28066a2e2be6c2b1b8439439713f7d4929f83072765de9175|
|Date (UTC+05:30)||Oct 25, 2017|
|Name of the report||Provable Solvency Report #42 – September 2017|
|SHA-256 Hash of the report||5dd6f40c93b1db05756e30288b1e9e027fdabeac9320ae1e737553356d78b77b|
|Date (UTC+05:30)||Sep 29, 2017|
|Name of the report||Provable Solvency Report #41 – August 2017|
|SHA-256 Hash of the report||ca9b391efa05105ee7ac38ce55c782904db213625e9c8c78ba1a23fa60619bcd|
|Date (UTC+05:30)||Aug 31, 2017|
|Name of the report||Provable Solvency Report #40 – July 2017|
|SHA-256 Hash of the report||20170728514ca4d6cb04287fc3c1db0e5517ca086a2c395f0c34fad8677f7cf7b43933c6|
|Date (UTC+05:30)||Jul 28, 2017|
|Name of the report||Provable Solvency Report #39 – June 2017|
|SHA-256 Hash of the report||9e93994fb9e0d28404554e2cb25caed719421fde2bf52a4c125538c9aac8112d|
|Date (UTC+05:30)||Jun 29, 2017|
|Name of the report||Provable Solvency Report #38 – May 2017|
|SHA-256 Hash of the report||c66dcdde432206d1701c94a0afdb0ac8ec174d892ab3e696a40988633e2132a5|
|Date (UTC+05:30)||May 24, 2017|
|Name of the report||Provable Solvency Report #37 – April 2017|
|SHA-256 Hash of the report||f25d13c2f51e5fef270c90f6c2bb36991bfa92a06a3106c917624226b03caba3|
|Date (UTC+05:30)||Apr 27, 2017|
|Name of the report||Provable Solvency Report #36 – March 2017|
|SHA-256 Hash of the report||ec8279bf42aa915ee43378587e53eec6c864e0d65260669f54d4bec7223e5629|
|Date (UTC+05:30)||Mar 22, 2017|
|Name of the report||Provable Solvency Report #35 – February 2017|
|SHA-256 Hash of the report||24ac5217a7648c9b717b110072fa795b3e48b0c0f072772dd34404b2c25a64ea|
|Date (UTC+05:30)||Feb 28, 2017|
|Name of the report||Provable Solvency Report #34 – January 2017|
|SHA-256 Hash of the report||9ff020ba1187401c80c2fdf8184e4a90f6371746ac5e97d8495e7c181ebd2467|
|Date (UTC+05:30)||Jan 30, 2017|
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.