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HomeCryptocurrencyConfirm Your Bitcoin and Ether Balances on Kraken with Proof of Reserves

Confirm Your Bitcoin and Ether Balances on Kraken with Proof of Reserves


Now you can independently confirm that the bitcoin and ether balances you maintain on Kraken are backed by actual property secured by our international change.

That’s as a result of at present we’re releasing the outcomes of our most up-to-date Proof of Reserves audit, a complicated cryptographic accounting process we purpose to conduct semi-annually within the years forward with the assistance of one of the crucial trusted international accounting corporations, Armanino LLP.  

At Kraken, your safety and security are our prime precedence, and our common Proof of Reserves audits will guarantee we’re assembly and exceeding expectations for accountability and transparency.

Certainly, on this audit, accomplished on December 31, our auditor decided Kraken managed the entire bitcoin and ether belonging to purchasers on our change, in addition to all of the bitcoin and ether held in our industry-leading on-chain and off-chain staking companies

However we’d like your assist to make sure our Proof of Reserve audits will likely be maximally impactful. In spite of everything, we are able to solely provide the instruments to confirm your balances – we’d like you to confirm them.

To confirm your steadiness:

  1. Check in to your Kraken account
  2. Observe this easy 3-step course of to generate a ‘File ID’ or ‘Merkle Leaf’ particular to your Kraken account and this audit.
  3. Enter this ‘File ID’ on the web site of our trusted auditor, Armanino.

By following the method above, you’ll be capable to affirm your bitcoin and ether had been held securely by Kraken on the time of the audit.

For those who aren’t in a position to produce a ‘File ID’ or ‘Merkle Leaf,’ don’t fear. This implies you didn’t have a bitcoin or ether steadiness on Kraken on the time of our audit. Relaxation assured, you’ll be capable to confirm your account balances in future audits. We’re additionally working to broaden the variety of property that will likely be coated in future Proof of Reserves audits. 

Wanting forward, we encourage all purchasers to confirm the outcomes of our audit, and should you encounter hassle with our new instruments, to achieve out to our 24/7 assist group to share suggestions. 

For those who’d wish to be taught extra about Proof of Reserves, and the groundbreaking methods it leverages the transparency of public blockchains, we invite you to be taught extra on our web site.

We stay up for persevering with to steer the {industry} in transparency and setting an instance unmatched in conventional finance.

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