How to Verify OKX Ownership and Check Wallet Address Balance

In this guide, we'll walk you through verifying OKX ownership rights and checking the balance of reserve wallet addresses using OKX's reserve snapshot and open-source verification tools.

Pre-Verification Preparation

1. Download Tools:

   • Extract the downloaded ZIP file containing two tools:

     • VerifyAddress: Confirms reserve address ownership.
     • CheckBalance: Verifies reserve address balances (requires RPC node/OKLink API configuration in rpc.json).

2. Download Snapshot File:

   • Obtain the latest Proof of Reserves (PoR) file from OKX.

3. Organize Files:

   • Store downloaded PoR data and verification tools in the same folder.

1. Verifying OKX Reserve Address Ownership

Methods:

• BTC Wallet:

  • Multisignature: Requires 2-of-3 private keys owned by OKX.
  • Single-signature: Message + signature validates ownership.

• ETH/USDT Wallet:

  • Message + signature confirms ownership.

Steps:

Using OKX’s Open-Source Tool:

1. Open Command Platform:

   • Mac: Terminal | Windows: Command Prompt.

2. Navigate to Folder:

   cd ~/Downloads/proof-of-reserves

3. Run Verification Command:

   • Mac:

     ./VerifyAddress --por_csv_filename=okx_por_20221122.csv

   • Windows:

     VerifyAddress.exe --por_csv_filename=okx_por_20221122.csv

4. Result:

   • Success: Terminal displays "All addresses passed verification."

Using Third-Party Tools:

• For BTC/EVM/TRX addresses, use platforms like Blockchain Explorer to paste address, message, and signature.

2. Checking Reserve Wallet Address Balances

Steps:

1. Compare Balances:

   • Match on-chain balances (at snapshot height) with OKX’s published PoR file.

2. Configure RPC/API:

   • Edit rpc.json to set up Bitcoin Core/EVM RPC nodes or OKLink APIs.

BTC Balance Verification:

Step 1: Sync Bitcoin Core to snapshot height.
Step 2: Run:

./CheckBalance --coin_name="btc" --por_csv_filename=okx_por_20221122.csv

Step 3: Validate output against PoR file.

ETH/USDT Balance Verification:

./CheckBalance --coin_name="eth" --address="0xc54...d91a" --por_csv_filename=okx_por_20221122.csv

FAQs

Q1: What if verification fails?

A: Ensure RPC nodes are synced and rpc.json is correctly configured.

Q2: Can I use Infura/Alchemy for EVM chains?

A: Yes! Update rpc.json with third-party node details.

Q3: How often does OKX update PoR data?

A: OKX releases periodic snapshots; check their official page.

👉 Explore OKX’s Transparency Tools for real-time reserve checks.