Proof of Reserves

Bitvavo's Proof of Reserves attestation, conducted by an independent accounting firm, confirms that select customer assets held by Bitvavo are backed 1:1 by real assets. In just a few clicks, customers can check that their balances are fully backed by real assets, against the latest attestation.
Verify your funds

Verified crypto reserve ratios

The reserve ratio is the platform's assets divided by the users' assets held on an exchange. A reserve ratio greater than or equal to 100% means that the platform is capable of covering customers’ assets. The assets within scope are mentioned below, along with the reserve ratio. The values are shown as of 31/12/2024 , and are updated quarterly.

101%

Bitcoin BTC

Bitcoin

102%

Ethereum ETH

Ethereum

101%

Solana SOL

Solana

100%

Cardano ADA

Cardano

100%

Ripple XRP

Ripple

104%

Dogecoin DOGE

Dogecoin

100%

Fetch.ai FET

Fetch.ai

120%

Euro EUR

Euro

100%

Shiba Inu SHIB

Shiba Inu

100%

Chainlink LINK

Chainlink

101%

Hedera HBAR

Hedera

101%

Sui SUI

Sui

100%

VeChain Thor VET

VeChain Thor

Verify your funds in three steps

How to confirm your balance is included in Bitvavo’s latest Proof of Reserves attestation.

1

Log in to Bitvavo

Access your Bitvavo account using your web browser

2

Select a date range

Choose the timeframe you want to verify and generate your report

3

Download your proof

Get your verification report from our independent accounting firm

You’ve got questions? We’ve got answers

Proof of Reserves (PoR) is a verification method used by crypto exchanges to demonstrate that customer assets are fully backed by in-kind assets. This process confirms that a custodian holds the assets it claims to on behalf of its customers. A third party takes an anonymized snapshot of all balances and aggregates them into a Merkle tree.

A Merkle tree is a privacy-friendly data structure that encapsulates all customer balances.

As of December 31, 2024, Bitvavo’s Proof of Reserves covers BTC, ETH, XRP, EUR, ADA, SOL, DOGE, VET, LINK, HBAR, SUI, FET, and SHIB. We will be covering more assets in the future.

Increases Trust – Bitvavo holds sufficient assets to cover customer liabilities. Ensures Historical Transparency – A record of exchange reserves demonstrates financial stability over time.

Bitvavo conducts attestations quarterly to ensure continuous transparency. These attestations are performed by an independent accounting firm.

Proof of Reserves, explained

Independent verification, full transparency.

Balance snapshot

An immutable record of assets

An independent accounting firm takes an anonymized snapshot of all user balances at a specific point in time.

Merkle tree encryption

Cryptographic proof of reserves

Balances are structured into a Merkle tree, ensuring data integrity and preventing tampering.

User verification

Your funds, accounted for

Clients can verify that their funds were accounted for in the latest attestation using a unique Merkle root. Attestations are performed quarterly.

Committed to transparency

Trust is built on transparency. We provide clear, verifiable proof that customer assets within scope are fully backed through independent attestations. As one of Europe’s leading crypto exchange platforms, we operate with regulatory oversight, offer clear and competitive pricing, and give customers the tools to verify their holdings at any time.

Verify your funds

Bitvavo has secured AMLD5 registrations in The Netherlands since 2020 and is subject to supervision for compliance with the requirements set out in the Anti-Money Laundering and Anti-Terrorist Financing Act (Wwft). Bitvavo has also secured AMLD5 registrations in Austria, France, Italy and Spain.

Bitvavo B.V.

Trading digital assets involves significant risks. Digital assets are highly volatile and you may lose some or all of your investment. The information on this page does not constitute advice, and should not be relied upon as such. Bitvavo is registered with the Dutch Central Bank (DNB) with registration number R163129. More info can be found in our Risk Disclosure.

Bitvavo is registered at the Dutch Chamber of Commerce, number 68743424.