The platform says it holds reserves 1:1 against user assets. How can ordinary users verify this for themselves?
Proof of Reserves (PoR) is evidence published by an exchange showing that it holds at least as many assets as users have in their platform balances.
When reading a reserve report, check the snapshot date and which currencies are covered—don't just look at the overall reserve ratio.
In Binance's Proof of Reserves, users can check for themselves whether assets such as $BNB in their accounts have been included.
If you found this useful, save it to read again later.
#BNB
Proof of Reserves (PoR) is evidence published by an exchange showing that it holds at least as many assets as users have in their platform balances.
When reading a reserve report, check the snapshot date and which currencies are covered—don't just look at the overall reserve ratio.
In Binance's Proof of Reserves, users can check for themselves whether assets such as $BNB in their accounts have been included.
If you found this useful, save it to read again later.
#BNB