How to check the Hotcoin Proof of Reserve?

Hotcoin's Proof of Reserves (PoR) can be checked through its published reserve information, disclosed wallet addresses, and the latest reserve data referenced by Hotcoin. The latest Hotcoin disclosure states that its reserve assets reached $137,445,333.82 as of June 15, 2026, with BTC and ETH representing about 50% of reserves and USDT and USDC representing more than 42%. For the general definition and purpose of Proof of Reserves, see what Proof of Reserves means.

A Proof of Reserves report should be read as a snapshot of assets and, where disclosed, customer liabilities at a specific point in time. It can provide useful evidence about asset coverage, but it should not be treated as a complete financial audit or a guarantee that all future withdrawals will be available.

Where is Hotcoin's latest reserve report?

Check the latest Hotcoin reserve disclosure

Hotcoin's latest published reserve update reports $137.45 million in total reserve assets based on data dated June 15, 2026. Hotcoin states that the data is available through CoinMarketCap's Hotcoin reserve dashboard and that the platform maintains more than 100% reserve coverage for major cryptocurrencies and stablecoins.

Hotcoin latest Proof of Reserves announcement

Hotcoin also publishes wallet addresses that allow users to inspect certain platform wallets and reserve fund addresses directly on the relevant blockchains.

Hotcoin Wallet and Reserve Fund Addresses

How to interpret reserve ratio and covered assets?

Understand the reserve ratio

The reserve ratio compares verifiable reserve assets with the corresponding customer liabilities.

Reserve ratio = verifiable reserve assets ÷ customer liabilities × 100%

For example, if an exchange holds 10,000 BTC in verifiable reserves against 9,500 BTC of customer BTC balances, the reserve ratio would be approximately 105%.

A ratio above 100% indicates that the disclosed reserve assets exceed the corresponding liabilities within the scope and snapshot used for the calculation.

Check each asset instead of only the total

A total reserve value can hide differences between individual assets. Users should check whether the asset they hold is included and whether that asset has adequate coverage.

For example, a report showing strong overall reserves does not automatically mean that every cryptocurrency, stablecoin, trading product, or account type has the same coverage. For how stablecoins differ in structure and risk, see the stablecoin guide.

Hotcoin's latest disclosure identifies BTC, ETH, USDT and USDC as major components of its reserve structure. Hotcoin states that BTC represents approximately 30% of total reserves, ETH approximately 20%, while USDT and USDC together account for more than 42%.

Check what the report actually covers

Users should look for information about spot balances, derivatives or margin accounts, Earn products, staking-related balances, and other liabilities if applicable.

What can proof of reserves prove, and what are the limitations?

What Proof of Reserves can show

A well-designed PoR system can provide evidence that an exchange controlled specified on-chain assets at a particular snapshot date. If user liabilities and a verification mechanism are also disclosed, users may be able to determine whether their balances were included in the reported liabilities.

Hotcoin's current disclosures also provide public wallet addresses that users can inspect independently, and the blockchain explorer guide explains how to verify those on-chain balances.

This makes PoR useful for checking asset transparency, reserve coverage, and changes between reporting periods.

What Proof of Reserves cannot prove

Proof of Reserves is not the same as a complete financial audit.

A reserve snapshot does not automatically prove that an exchange has no hidden debt, undisclosed liabilities, related-party obligations, pledged assets, or other off-chain financial commitments. It also cannot guarantee that the same assets will remain available after the snapshot.

Temporary transfers can also affect a single snapshot. For this reason, users should consider the report date, historical updates, wallet activity, liability disclosure, and verification method together.

A PoR report also cannot guarantee that withdrawals will always work normally. A later security incident, operational problem, liquidity event, or other financial obligation could change the platform's position after the snapshot.

What is the difference between platform wallets and user assets and liabilities?

Platform wallets are not the same as individual user balances

A platform wallet is a blockchain address controlled or used by the exchange to hold digital assets. Its balance can normally be observed through a blockchain explorer when the address is public.

A user balance is an accounting record maintained by the exchange showing how much cryptocurrency the user is entitled to receive or withdraw.

For example, if an exchange has 1,000 BTC across disclosed wallets and customers collectively have 900 BTC of BTC balances, the wallet balance may provide evidence of sufficient BTC reserves for those disclosed liabilities.

The blockchain, however, does not normally show which individual customers own those assets. That information exists within the exchange's internal accounting system.

Reserve assets and Protection Fund assets are different

Hotcoin separately identifies reserve assets and its Protection Fund. The Protection Fund is intended for certain specified risk events, while reserve assets represent the broader reserve position of the platform.

These should therefore not be treated as the same category when evaluating Hotcoin's reserves.

How do I verify that my account balance is included?

Check the snapshot date first

Start by identifying the date and time of the PoR snapshot. Your account balance must be compared with the balance recorded by the exchange at that specific point in time.

A current account balance cannot be directly compared with an older reserve snapshot because deposits, withdrawals, trades, and transfers may have changed the balance since then.

Look for the user verification mechanism

Where an exchange provides a Merkle-tree or similar verification system, users may receive a verification record showing how their anonymized balance was incorporated into the reported liabilities.

A typical verification process may use an anonymized account identifier, balance information, and a cryptographic verification path. This allows an individual user to check inclusion without exposing the balances of other customers.

If Hotcoin provides a specific account-verification tool for a particular reserve snapshot, users should follow the instructions displayed on the official PoR page rather than entering account credentials into a third-party website.

Never provide private credentials to verify reserves

A legitimate reserve-verification process should not require a user's password, two-factor authentication code, private key, or seed phrase.

Users should access reserve information through the official Hotcoin website or a clearly identified third-party data source and verify the domain before entering any account information. For the identity checks and review standards involved, see the KYC verification guide.

How to check historical snapshots and update times?

Compare the snapshot date with the publication date

A PoR report can have two important dates: the date when the underlying assets were measured and the date when the information was published.

The snapshot date tells you when the reserve position was measured. The publication or update date tells you when the information became publicly available.

The snapshot date is particularly important when assessing whether the data represents a recent reserve position.

Compare multiple reporting periods

Historical comparisons can show whether reserve assets are increasing, decreasing, or changing in composition.

Hotcoin's latest disclosure states that its reported reserve assets were approximately $30 million in 2024 and reached $137,445,333.82 by June 15, 2026.

However, changes in the dollar value of reserves do not necessarily mean that the amount of cryptocurrency held increased by the same percentage. Cryptocurrency prices, customer balances, asset composition, and business activity can all affect the reported dollar value.

Check wallet activity between snapshots

For greater transparency, users can compare disclosed wallet balances and transaction histories across reporting periods.

Hotcoin publishes hot-wallet, cold-wallet, and reserve-fund addresses across several supported blockchains, allowing users to inspect blockchain activity independently.

Historical wallet activity can provide additional context, but it should still be interpreted alongside the reserve report and its stated scope.

Use PoR as one part of due diligence

The most useful way to evaluate a crypto exchange is to combine reserve information with other evidence, including asset custody information, withdrawal performance, security controls, regulatory disclosures, and the treatment of customer assets.

For Hotcoin, users should therefore start with the latest reserve disclosure, verify the relevant wallet addresses on-chain, check the snapshot date, review the assets covered, and determine whether the verification method allows individual account balances to be confirmed.