Proof of Reserves
Mainchainexchange proves that we hold 100% of crypto deposits in full reserve.
Crypto Reserve Ratio
Over 100%
Mainchainexchange held more Crypto than the sum of our client deposits
Total assets
Crypto set aside by Mainchainexchange to cover client balances.
22,187 BTC
Total liabilities
The total amount of Crypto our clients own.
22,014 BTC
FAQs
Reserves are deposits that financial institutions hold on hand. While banks hold only a fraction of
their deposits in reserve, Mainchainexchange holds a full reserve of all the Crypto in our custody.
This means that Mainchainexchange could service every client withdrawing all of their Crypto at the same time.
Proof of Reserves is a way for clients to verify that a company has all of the assets that clients own on their platform,
making sure they can pay everyone who has trusted them with their money.
Proof of Reserves helps ensure that an institution maintains a full reserve, and can cover all of its clients' withdrawals.
When you Invest any crypto on Mainchainexchange, you can trust that when you want to withdraw it, you will be able to do so.
For Mainchainexchange to maintain full reserve status, Mainchainexchange must have at
least as much Crypto as it has in outstanding client balances. Thus, Proof of Reserves consists
of two parts: Proof of Assets and Proof of Liabilities. Assets are the Crypto that Mainchainexchange
controls onchain. Liabilities are the cumulative Crypto owned by Mainchainexchange clients.
Clients verify Mainchainexchange's assets by viewing Mainchainexchange's cold storage address onchain using a 3rd-party block explorer such as mempool.s. This will display how much Crypto Mainchainexchange holds in cold storage. To prove that the Bitcoin in cold storage is controlled by Mainchainexchange, we broadcast a transaction spending a small amount of the Crypto in this address to accompany each Proof of Reserves.
Mainchainexchange also publishes a Proof of Liabilities. This comes in the form of an anonymized list of all Mainchainexchange client liabilities.
Clients verify that their balances are included in Mainchainexchange's list of all client liabilities. They also verify that the sum of this list of liabilities
is less than Mainchainexchange's assets.
Mainchainexchange proves wallet ownership by sending a transaction with a predetermined amount on the Crypto network.
The amount of the transaction is determined by taking the smallest seven digits from the largest output of the coinbase transaction (the first transaction) from the block selected for the monthly Proof of Reserves report.
You can verify your balance by accessing a proof, where you can use your account ID to confirm
that your balance is included and backed by our reserves.