Coinfloor is a custodian of client bitcoins and we believe that we must set the industry standard for transparency and regular audits. Without proper public accountability, the industry will not be able to grow and mature. This is why we are committed to releasing a Provable Solvency Report every month. Coinfloor is proud to have the longest standing track record among bitcoin exchanges in regards to auditing.
Today we are publishing our 62nd monthly Provable Solvency Report with step-by-step validation instructions for your convenience.
As of today, Coinfloor holds a total of 4,121.1897 XBT on behalf of our clients. You are invited to verify that your held bitcoins are included in this balance by following the instructions below.
What does the Provable Solvency Report include?
We started out by creating an obfuscated report of all current client balances (the Solvency Report) and then generated a SHA-256 hash of this report.
We then created a bitcoin transaction to ourselves, that includes all currently held client bitcoins, for a value of 4,170.6431 XBT. The output of the script also includes the OP_RETURN of the SHA-256 hash of the report, proving that at the time of making the solvency report, Coinfloor held all of our clients’ XBT funds. You can verify the amount and details of the transaction on the blockchain.
Your API authentication cookie: You will find it in My Account > Dashboard in the Coinfloor signed in view, in the API section (visible only for fully verified accounts).
Copy the entire contents of the solvency report (including any leading or trailing spaces or blank lines) into the SHA-256 generator and calculate the SHA-256 hash of the report.
Click on the `SHOW ADVANCED` switch to view the OP_RETURN, where you will find the hash generated in the previous step matches the hash in the OP_RETURN output script of the transaction that includes all customer bitcoins.
Instructions for finding your account balance within the Solvency Report:
1. Go to
your local SHA1sum application
to calculate the SHA-1 digest of a message consisting of the timestamp shown at the top of the Solvency Report (1559120352) and your API authentication cookie.
Example (Linux):
timestamp: 1559120352
API authentication cookie (API Key): 9BTa7M0Z/Mrk6tFMJwEkTV3BQek=
(the command may differ depending on the SHA1sum application used)
2. Find the resulting hash in the solvency report. Your balance is shown on that line in satoshi units. 1 bitcoin = 100 000 000 satoshis. For your convenience, here is a link to a bitcoin unit converter:
We believe that this approach is the best way to achieve maximum accountability whilst retaining privacy for our clients. We welcome your feedback and hope that in time, other exchanges will also help safeguard client funds by providing proof of solvency reports to their users on a regular basis.
Today Coinfloor have announced a partnership with one of the longest established FCA authorised electronic money institutions, Enumis, to offer fiat current accounts.
The new offering is part of Coinfloor’s wider strategy to build a trusted, reliable and secure set of cryptocurrency financial services to bridge the fiat and crypto worlds.
Why is this important?
Speaking of the new offering, Obi Nwosu, Founder & CEO of Coinfloor said: “Crypto-focused businesses are growing at a steady pace, but until now, no reliable banking facilities have existed to help them manage fiat and crypto finance operations in an effective manner. Our partnership with Enumis will ensure that this will no longer be an issue.
With our joint pedigree and market expertise in the cryptocurrency and financial services spaces, we hope that this offering designed by members of the crypto community for the community will help the community of crypto businesses overcome their financial limitations and drive the crypto economy forward.”
Who is this service for?
The service is aimed at businesses operating in the crypto space and has been created specifically to meet the demand for a trustworthy domestic fiat current account on the Faster Payments network.
How does it work?
The crypto-friendly current accounts will allow for the deposit and withdrawal of funds via CHAPS, BACS and, 24 hours a day, UK Faster Payments. The Coinfloor-Enumis fiat current account will also allow clients to reduce costs with free GBP deposits and withdrawals into and out of their Coinfloor accounts.
What are the specific features?
Clients may access their account 24 hours a day online and will be able to undertake regular banking functions, such as setting up Direct Debits and Standing Orders. Advanced features, including programmatic API access for account automation, are also available. All current account holders will have access to Prepaid/Debit cards providing a 0.2% rebate on all transactions.
When is it available?
Applications are now open. Please click here for more information.
Warren Buffett still doesn't like Bitcoin, but he's softening up to blockchain.
Image: Daniel Zuchnik / getty images
By Stan Schroeder2019-05-07 07:37:12 UTC...
Coinfloor is a custodian of client bitcoins and we believe that we must set the industry standard for transparency and regular audits. Without proper public accountability, the industry will not be able to grow and mature. This is why we are committed to releasing a Provable Solvency Report every month. Coinfloor is proud to have the longest standing track record among bitcoin exchanges in regards to auditing.
Today we are publishing our 61st monthly Provable Solvency Report with step-by-step validation instructions for your convenience.
As of today, Coinfloor holds a total of 4,373.9570 XBT on behalf of our clients. You are invited to verify that your held bitcoins are included in this balance by following the instructions below.
What does the Provable Solvency Report include?
We started out by creating an obfuscated report of all current client balances (the Solvency Report) and then generated a SHA-256 hash of this report.
We then created a bitcoin transaction to ourselves, that includes all currently held client bitcoins, for a value of 4,386.9236 XBT. The output of the script also includes the OP_RETURN of the SHA-256 hash of the report, proving that at the time of making the solvency report, Coinfloor held all of our clients’ XBT funds. You can verify the amount and details of the transaction on the blockchain.
Your API authentication cookie: You will find it in My Account > Dashboard in the Coinfloor signed in view, in the API section (visible only for fully verified accounts).
Copy the entire contents of the solvency report (including any leading or trailing spaces or blank lines) into the SHA-256 generator and calculate the SHA-256 hash of the report.
Click on the `SHOW ADVANCED` switch to view the OP_RETURN, where you will find the hash generated in the previous step matches the hash in the OP_RETURN output script of the transaction that includes all customer bitcoins.
Instructions for finding your account balance within the Solvency Report:
1. Go to
your local SHA1sum application
to calculate the SHA-1 digest of a message consisting of the timestamp shown at the top of the Solvency Report (1556017367) and your API authentication cookie.
Example (Linux):
timestamp: 1556017367
API authentication cookie (API Key): 9BTa7M0Z/Mrk6tFMJwEkTV3BQek=
(the command may differ depending on the SHA1sum application used)
2. Find the resulting hash in the solvency report. Your balance is shown on that line in satoshi units. 1 bitcoin = 100 000 000 satoshis. For your convenience, here is a link to a bitcoin unit converter:
We believe that this approach is the best way to achieve maximum accountability whilst retaining privacy for our clients. We welcome your feedback and hope that in time, other exchanges will also help safeguard client funds by providing proof of solvency reports to their users on a regular basis.
Auditchain, the developer of a decentralized continuous audit and reporting protocol ecosystem for digital asset and enterprise assurance and disclosure, today announced that...
Ocean Protocol, the data sharing platform powered by blockchain technology connecting individuals, industries, startups, governments and data, and AI experts, announced today the...