Coinfloor Blog

Provable Solvency Report #50 – May 2018

Coinfloor is a custodian of client bitcoins and wij believe that wij vereiste set the industry standard for transparency and regular audits. Without zindelijk public accountability, the industry will not be able to grow and mature. This is why wij are committed to releasing a Provable Solvency Report every month. Coinfloor is proud to have the longest standing track record among bitcoin exchanges ter regards to auditing.

Today wij are publishing our 50th monthly Provable Solvency Report with step-by-step validation instructions for your convenience.

What does the Provable Solvency Report include?

Wij embarked out by creating an obfuscated report of all current client balances (the Solvency Report) and then generated a SHA-256 hash of this report.

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Key Lumps of information:

Provable Solvency Report #50 (May 25th, 2018):

You will find it ter My Account &gt, Instrumentenbord te the Coinfloor signed ter view, te the API section (visible only for fully verified accounts).

Instructions for Validating Solvency Report:

1. Open the Provable Solvency Report opstopping:

Copy the entire contents of the solvency report (including any leading or trailing spaces or wit lines) into the SHA-256 generator and calculate the SHA-256 hash of the report.

Click on the `SHOW ADVANCED` switch to view the OP_RETURN, where you will find the hash generated ter the previous step matches the hash te the OP_RETURN output script of the transaction that includes all customer bitcoins.

Instructions for finding your account oscilación within the Solvency Report:

your regional SHA1sum application

to calculate the SHA-1 digest of a message consisting of the timestamp shown at the top of the Solvency Report (1527244902) and your API authentication cookie.

API authentication cookie (API Key): 9BTa7M0Z/Mrk6tFMJwEkTV3BQek=

guideline: geluidsweerkaatsing -n &lsquo,15272449029BTa7M0Z/Mrk6tFMJwEkTV3BQek=&rsquo, | sha1sum

(the guideline may differ depending on the SHA1sum application used)

Two. Find the resulting hash ter the solvency report. Your recuento is shown on that line te satoshi units. 1 bitcoin = 100 000 000 satoshis. For your convenience, here is a verbinding to a bitcoin unit converter:

Wij believe that this treatment is the best way to achieve maximum accountability whilst retaining privacy for our clients. Wij welcome your terugkoppeling and hope that ter time, other exchanges will also help safeguard client funds by providing proof of solvency reports to their users on a regular poot.

Thank you for your trust,

Reinstatement of GBP Withdrawals, increase of ondergrens deposits and withdrawal amounts and switch of withdrawal fees for GBP and USD

Spil of today, Coinfloor has reinstated GBP withdrawals for clients. Also, te effect from 1 June and aligned with our commitment to better service our institutional and sophisticated investors and traders, wij will increase the ondergrens deposit amount from Two,500 to Five,000 and increase our ondergrens withdrawal amounts to Two,000 for GBP, EUR and USD. Please note, clients who elect to close their account will receive a one-time exemption from the withdrawal minimums for their final withdrawals.

Deposit fees will remain at &pound,Five for GBP and $Ten for USD deposits. Withdrawal fees will increase to &pound,60 vanaf GBP withdrawal and $75 vanaf USD withdrawal.

EUR deposit and withdrawal fees will remain unchanged at &euro,1.50 vanaf deposit or withdrawal transaction.

Please review the table below for a summary of the fresh deposit and withdrawal fees and minimums:

Coinfloor UK – Systems Issues 28 April – Update on resolution

On Saturday 28th of April, wij identified an punt that caused one of our messaging servers to become unavailable and resulted te us having to initiate an unscheduled shutdown of our services, including our webstek and API. This punt wasgoed investigated and resolved, with our utter service being resumed zometeen that same day.

Wij can reassure you that there have bot no compromises to customer gegevens or security and the kwestie wasgoed an internal systems failure. Wij apologise for any inconvenience this may have caused you whilst attempting to transact with Coinfloor UK during this time. Wij have identified the root cause of this kwestie and will work within our best endeavours to ensure this level of incident does not occur again. Due to this incident, wij had to initiate the rollback of any trades that may have occurred during the outage. Wij recommend that you cautiously check your balances.

If you have any further questions or concerns te relation to this matter, please do not hesitate to voeling our Support team who will be available to help.

Provable Solvency Report #49 – April 2018

Coinfloor is a custodian of client bitcoins and wij believe that wij vereiste set the industry standard for transparency and regular audits. Without decent public accountability, the industry will not be able to grow and mature. This is why wij are committed to releasing a Provable Solvency Report every month. Coinfloor is proud to have the longest standing track record among bitcoin exchanges te regards to auditing.

Today wij are publishing our 49th monthly Provable Solvency Report with step-by-step validation instructions for your convenience.

What does the Provable Solvency Report include?

Wij embarked out by creating an obfuscated report of all current client balances (the Solvency Report) and then generated a SHA-256 hash of this report.

Key Chunks of information:

Provable Solvency Report #49 (April 23rd, 2018):

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You will find it ter My Account &gt, Instrumentenbord ter the Coinfloor signed ter view, ter the API section (visible only for fully verified accounts).

Instructions for Validating Solvency Report:

1. Open the Provable Solvency Report opstopping:

Copy the entire contents of the solvency report (including any leading or trailing spaces or wit lines) into the SHA-256 generator and calculate the SHA-256 hash of the report.

At the bottom of the pagina, ter the Output Scripts section, you will find the hash generated ter the previous step matches the hash te the OP_RETURN output script of the transaction that includes all customer bitcoins.

Instructions for finding your account balanceo within the Solvency Report:

your lugar SHA1sum application

to calculate the SHA-1 digest of a message consisting of the timestamp shown at the top of the Solvency Report (1524482231) and your API authentication cookie.

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API authentication cookie (API Key): 9BTa7M0Z/Mrk6tFMJwEkTV3BQek=

instruction: geluidsweerkaatsing -n &lsquo,15244822319BTa7M0Z/Mrk6tFMJwEkTV3BQek=&rsquo, | sha1sum

(the guideline may differ depending on the SHA1sum application used)

Two. Find the resulting hash te the solvency report. Your cómputo is shown on that line te satoshi units. 1 bitcoin = 100 000 000 satoshis. For your convenience, here is a verbinding to a bitcoin unit converter:

Wij believe that this treatment is the best way to achieve maximum accountability whilst retaining privacy for our clients. Wij welcome your terugkoppeling and hope that te time, other exchanges will also help safeguard client funds by providing proof of solvency reports to their users on a regular voet.

Thank you for your trust,

Switch to GBP Withdrawals process and pause to the increase te Deposit and Withdrawal minimums

Switch to our GBP Withdrawal process

Wij have bot informed by our primary canap that their GBP SWIFT provider has asked them to pause processing GBP SWIFT withdrawals related to cryptocurrency.

Wij will be transitioning to an alternative solution for GBP SWIFT (or Quicker Payments) withdrawals spil soon spil possible.

Te the interim, if you wish to withdraw funds ter GBP, please proceed to place a withdrawal request ter GBP and wij will facilitate this via a EUR SEPA transfer. Withdrawals will be processed instantaneously. Wij will process thesis withdrawals by sending instructions to our handelsbank to convert your funds to EUR, then wire them via SEPA to your GBP denominated account. Wij will absorb any FX fees by our canap and wij will also suspend our usual withdrawal fees during this time. Please be advised that your bankgebouw may charge a conversion toverfee for the GBP deposits you receive via SEPA. You should check with your account provider whether such fees would be applied. Alternatively, you can use your GBP balanceo to buy bitcoins.

If you choose your GBP withdrawal to be converted and sent to a different currency account that you might hold (i.e. EUR, USD, PLN) please voeling us at gbpwithdrawals@coinfloor.co.uk spil soon spil possible.

It is significant to note that our primary banking relationship proceeds to be very strong. The processing of USD, EUR, and PLN withdrawals and deposits are totally unaffected, spil are GBP deposits.

Pause to the increase ter Deposit and Withdrawal minimums

Wij have determined to pause the recently announced switch to deposit and withdrawal minimums and will give a significantly longer notice and grace period when wij reintroduce it. Albeit this is ter line with our continued concentrate on institutional and sophisticated investors and traders, wij will delay implementation until wij have an alternative ter place for the GBP withdrawals so that customers who are affected by the minimums increase can choose to wait until after wij have GBP SWIFT withdrawals reinstated.

Eventually and most importantly, the flamante announcement of the switch ter deposit and withdrawal minimums wasgoed not well timed and I would like to personally apologise for this. Te future, wij will communicate non urgent policy switches during business days and provide more notice.

Wij sincerely thank you for your support and will keep you updated overheen the coming weeks spil wij receive updates on the banking situation.

Coinfloor to increase Fiat deposit and withdrawal minimums

NOTE: This blog postbode has bot amended to reflect our decision to pause the increase ter Fiat deposit and withdrawal minimums until a date to be determined. Please see our blog postbode dated Three April for updated information on this policy.

Wij previously communicated that this policy would take effect from Two April, include a 14 day grace period which wasgoed to end on 16th April. Thesis dates have bot postponed to a date to be determined.

Te December 2018, Coinfloor Exchange UK took the decision to incrementally increase Fiat and cryptocurrency deposit minimums to align to industry practices and to better service our institutional and sophisticated investors and professional trader clients.

At a date to be determined, wij will be further enlargening Fiat deposit minimums, spil well spil enhancing Fiat withdrawal minimums.

The fresh Fiat deposit and withdrawals minimums will be spil goes after:

3 thoughts on “Coinfloor Blog

  1. binance is the best exchange for mij. have many altcoin and fresh ICO on it. better than bittrex and poloniex (which never update fresh coin)

  2. Unluckily I dreamed to buy a specific coin via Binance, but it rallied hard yesterday and now I don’t think it is a good idea to run after the missing train.

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