How To Check Balance On Kucoin

Are you worried about the safety of your funds on KuCoin? Don’t fret! As the ‘People’s Exchange,’ we prioritize the security of our users’ funds. We have taken significant measures to ensure that KuCoin is not only the best platform for crypto trading and investing, but also the safest.

To allay any concerns you may have, we were among the first exchanges in the industry to release our cold and hot wallet addresses. Additionally, our Proof of Reserves (PoR) verification allows you to easily check that the assets in your KuCoin balances are backed by real assets.

Proof of Reserves: Your Assurance of Trust and Transparency

Proof of Reserves is a public proof that crypto exchanges or custodians hold customers’ assets on a 1-to-1 reserve basis. At KuCoin, we use cryptographic proofs and public wallet address ownership verifications to demonstrate that our holdings match user deposits.

Here’s how a Proof of Reserves assessment on KuCoin works: We take an anonymized snapshot of all customer balances and create a Merkle Tree. From this, you obtain a Merkle Root—a key that identifies all the balances at the time of the snapshot creation. You can independently verify that your balance was included in the Proof of Reserves assessment by visiting our PoR page.

We are proud to announce that we conduct periodic Proof of Reserves checks. As of March 2024, all our user funds are fully backed by real assets with a reserve ratio of 100% or more.

KuCoin Reserve Ratio

How to Verify Your Balance in Just a Few Clicks

Verifying the assets in your KuCoin balances is quick and easy. We have designed the verification process to be user-friendly, even for beginners. You don’t need to download or install any programs—everything is simple and straightforward. Let’s dive into the process!

1. Navigate to the KuCoin Proof of Reserves Page

Start by going to the KuCoin homepage and find the Proof of Reserves page in the footer.

Navigating to the Proof of Reserves Page on KuCoin

2. Select Your Desired PoR Snapshot Time

Scroll down to the “Verify Account Assets” section and click “Verify Now” inside the Period Proof of Reserves banner. This allows you to check your funds via our system at your desired snapshot time.

KuCoin Proof of Reserves Page

3. Get Your ID and Verify Your Funds

Choose the snapshot you prefer to proceed with obtaining your ID. Once you have your ID, click on the “View Verification Details” link. This will take you to your personal Proof of Reserves page.

Generating Your Proof of Reserves ID

On your personal Proof of Reserves page, you can see your assets portfolio on KuCoin during the snapshot and how they are backed. You also have the option to copy the Merkle Tree data or download your wallet address information.

KuCoin’s Proof of Reserves lowers the barrier for crypto investors to check the safety of their funds on our platform. Our step-by-step guide ensures that users can easily verify their KuCoin balance without any technical expertise. With our PoR verification supporting diversified assets, you can rest assured that your funds across a wide range of cryptocurrencies are fully backed and held safely on KuCoin.

We hope this guide has been helpful in verifying your balance on KuCoin. If you have any further questions or need assistance, feel free to reach out to our support team. Happy trading!

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