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What is BitPolaris Proof of Reserves Kit?

The Proof of Reserves Kit functions as a crucial verification instrument for reserves, targeting cryptocurrency exchanges, brokers, and custodians in need of confirming customer balances or conducting reserve audits. It enables the importation of liability balances through multiple methods, including CSV files, read-only SQL queries, or internal HTTP endpoints, which are subsequently organized into a Merkle sum tree. This application verifies declared wallet balances on networks such as EVM, TRON, Bitcoin, Solana, and XRP Ledger at designated block or ledger positions, and effectively accommodates Bitcoin HD wallets by utilizing their extended public keys. Moreover, it employs read-only connectors to retrieve balances from Fireblocks vaults, alongside both Binance spot and funding accounts. The software not only verifies wallet ownership signatures but also produces daily snapshots that are Ed25519-signed, in addition to auditor reports and CSV annexes available in English and Turkish. Users can also validate individual inclusion proofs through a specialized branded verification page, enhancing transparency. This service is made available as either a BitPolaris-hosted option or can be installed directly on client servers, which guarantees that it neither stores any keys nor facilitates fund movements. Such dual accessibility significantly boosts its adaptability for various operational setups within the ever-evolving cryptocurrency landscape. Ultimately, this kit provides a reliable framework for maintaining trust and integrity in cryptocurrency transactions.

What is Armory?

Armory Secure Wallet is distinguished as the only open-source wallet that combines cold storage with multi-signature functionality. Its user-friendly interface makes Bitcoin security accessible to everyone, and it comes at no cost. Designed primarily for developers, Armory serves as a solid platform for building Bitcoin applications like exchanges and crowdfunding sites. For those managing large Bitcoin holdings, we offer our expertise to exchanges, trusts, hedge funds, and other significant Bitcoin players. The wallet ensures a highly secure environment for both individuals and organizations to create and protect Bitcoin private keys, enabling independence through the use of the Glacier Protocol, a feature that would undoubtedly impress Satoshi. Furthermore, users enjoy the advantages of multiple encrypted Bitcoin wallets along with permanent one-time 'paper backups,' which enhance the wallet's dependability. Armory has long been at the forefront of cold storage and distributed multi-signature technology, and its unwavering dedication to innovation continuously strengthens the security framework surrounding Bitcoin management. Moreover, this commitment to excellence reflects a broader trend in the cryptocurrency space, as more users seek reliable and transparent solutions for their digital assets.

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Integrations Supported

Binance
Fireblocks
OpenDAX

Integrations Supported

BTCX
Divly

API Availability

API Availability

Pricing Information

€490/month
For existing BitPolaris customers, the add-on costs €1,700 one time plus €85/month. The standalone hosted plan costs €6,300 for setup plus €490/month. The self-hosted license costs €9,800 one time, followed by €1,960/year for updates. Audit-day support costs €980 per quarter.

Pricing Information

Pricing not provided
Free Version

Supported Platforms

SaaS
On-Prem

Supported Platforms

SaaS
Windows
Mac
Linux

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

BitPolaris

Date Founded

2016

Company Location

Türkiye

Company Website

bitpolaris.com/products/proof-of-reserves/

Company Facts

Organization Name

Armory

Date Founded

2011

Company Location

United States

Company Website

www.bitcoinarmory.com

Categories and Features

Crypto Compliance

Not specified

Categories and Features

Cold Wallets

Not specified

Crypto Wallets

Not specified

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