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Free tool

Proof of reserves calculator

Check a crypto exchange's reserve ratio: what it holds against what it owes customers, coin by coin and in total, and spot any coin that's short even when the total looks covered. Free, no sign-up, nothing leaves your browser.

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Enter amounts in coins and prices in one currency of your choice. The starting figures are an example, not a real exchange.

Overall reserve ratio by value
101.6%
96,500,000 held against 95,000,000 owed
BTC105%
ETH90%, short by 1,000 coins
USDT104%
ETH is under 100%: customers owed it aren't fully covered, whatever the total says (a 2,000,000 gap by value).
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How proof of reserves works

Proof of reserves is a report a crypto exchange or custodian publishes to show it holds enough assets to cover what its customers have deposited. The exchange shows the blockchain addresses it controls so anyone can check the balances, and totals what it owes customers, often in a Merkle tree, so each customer can check their balance is included.

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What it can't prove

A snapshot shows assets on one day, not every day. It may not show everything the exchange owes, such as loans, so assets can look healthy while the business isn't. Checking each coin separately matters too: a surplus in one coin doesn't help customers owed another. It's one useful signal, not a guarantee.

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