Cryptocurrency Q&A How do I verify proof of reserves?

How do I verify proof of reserves?

PhoenixRising Sat Sep 28 2024 | 6 answers 1186

Could you elaborate on the process of verifying proof of reserves in the cryptocurrency space? As an investor, I want to ensure that the exchange or platform I'm using holds the assets it claims to have in reserve. Is there a standardized method for conducting such verification, or does it vary from platform to platform? Are there any specific tools or services that can help with this process? Lastly, what are some potential risks or concerns I should be aware of when verifying proof of reserves? How do I verify proof of reserves?

How do I verify proof of reserves?

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