How to Verify Ownership and Balance of OKX Wallet Addresses?

This guide will walk you through verifying ownership and balance of OKX wallet addresses using OKX's reserve snapshot files and open-source reserve verification tools.

Prerequisites for Verification

1. Download Tools:

   • Obtain the ZIP file containing two essential tools:

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

2. Download Reserve Proof:

   • Fetch OKX’s publicly available Proof of Reserve snapshot.

3. Organize Files:

   • Store the downloaded proof and tools in the same directory.

Verifying OKX’s Ownership of Reserve Addresses

Method 1: Using OKX’s Open-Source Tool

1. Terminal Setup:

   • Mac: Use Terminal.
   • Windows: Use Command Prompt.

2. Run Verification:

   # Mac
   ./VerifyAddress --por_csv_filename=okx_por_20221122.csv
   
   # Windows
   VerifyAddress.exe --por_csv_filename=okx_por_20221122.csv

   • If Mac blocks execution, enable it via System Preferences > Security & Privacy > General.

3. Successful Output:

   • Terminal displays:

     "All addresses passed signature verification."

Method 2: Third-Party Tools for Specific Addresses

• BTC (Single Signature):

  • Use Blockstream Explorer to verify address, message, and signature.

• EVM/TRX Addresses:

  • Tools like Etherscan or Tronscan can validate ownership.

👉 Explore more blockchain tools

Verifying ETH Staking Assets

1. Fetch Validator Public Key:

   • Extract a publickey from OKX’s staking ETH file.

2. Verify on Beaconcha.in:

   • Confirm "Sender/Receiver Addresses" match OKX’s records.

Checking Balances of OKX Web3 Reserve Addresses

BTC Balance Verification

1. Sync Bitcoin Core:

   • Configure bitcoin.conf for RPC access.

   • Revert node to the snapshot block height using:

     ./bitcoin-cli invalidateblock <block_hash>

2. CheckBalance Tool:

   • Validate individual/total balances:

     ./CheckBalance --mode="single_address" --coin_name="btc" --address="3A1JRKqfGGxoq2q..."

ETH/USDT Balance Verification

• Use Default RPC or OKLink API:

  • Example command:

    ./CheckBalance --mode="single_coin_total_balance" --coin_name="eth" --por_csv_filename=okx_por_20221122.csv

• Third-Party RPC (Infura/Alchemy):

  • Update rpc.json with provider details.

FAQ

1. What if the Mac blocks the verification tool?

• Enable permissions under Security & Privacy > General.

2. How do I verify BTC multi-signature addresses?

• OKX uses 2/3 signatures—verify two signatures per address to confirm ownership.

3. Can I use APIs instead of local RPC nodes?

• Yes! OKLink’s API provides on-chain balance data without node syncing.

👉 Learn about OKX’s transparency initiatives

Key Takeaways

• Ownership Proof: Validated via signed messages or multi-signature checks.
• Balance Audit: Cross-check snapshot balances with on-chain data.
• Flexible Tools: Use local nodes or third-party APIs for verification.

For further details, refer to OKX’s official documentation or community forums.