Namaste Tribe!
At WazirX, transparency and trust remain our top priorities. As we progress toward platform restructuring, we're committed to exceeding your expectations by implementing robust measures to enhance accountability.
Our Proof of Reserves Initiative
We've launched a dual Proof of Reserves (PoR) system featuring:
- An internal PoR dashboard (view here)
- A third-party dynamic PoR through CoinGabbar
This innovative approach establishes WazirX as India's first exchange with real-time reserve verification across two independent platforms.
Key Features of Our PoR System
- Wallet Verification: Users can independently validate all wallet addresses
- Asset Transparency: Real-time tracking of crypto holdings
- Dual-Layer Security: Combines internal checks with third-party audits
- Future-Forward Custody: Exploring insured custody solutions for enhanced asset protection
👉 Discover how Proof of Reserves protects your assets
Commitment to Evolving Standards
We're actively working to:
- Onboard new custodial partners with enhanced security protocols
- Implement insurance-backed custody solutions
- Maintain open communication about all platform updates
Our mission remains unchanged: to safely onboard users to the cryptocurrency revolution while setting new benchmarks for exchange transparency.
Frequently Asked Questions
Q: How often is the Proof of Reserves updated?
A: Our internal PoR uses a October 2024 snapshot while the third-party dashboard provides dynamic updates.
Q: What makes WazirX's approach unique?
A: We're India's only exchange offering both internal and independent third-party reserve verification.
Q: Will user funds be insured?
A: We're actively pursuing custody solutions that include insurance protection.
Q: How can I verify the reserves?
A: Visit our Proof of Reserves page for complete verification instructions.
👉 Learn why transparent reserves matter in crypto exchanges
Disclaimer: Cryptocurrency is not legal tender and remains unregulated in many jurisdictions. Please conduct thorough research and risk assessment before trading digital assets, as they may experience significant price volatility. This content represents general information only and should not be construed as investment advice. WazirX may update this policy without prior notice.