Best Exchanges With Proof of Reserves
This list covers centralized crypto exchanges that provide proof-of-reserves reporting alongside trading, custody or earning products. The entries differ sharply in market focus. Binance.US and Uphold serve U.S. customers, while Brighty App focuses on European accounts and payments. Deribit, BTCC, Toobit, Flipster and OKX add futures or options, with maximum leverage ranging from 50x to 500x where stated.
Fees also vary. Binance.US charges 0% maker fees on standard spot books, Uphold uses spread-based pricing, and BTCC lists 0.20% maker and 0.30% taker spot fees. Licensing, custody models, reporting cadence and regional restrictions shape the platform trade-offs.
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1
Zero-fee spot trading
Binance.US
4.1/5Binance.US combines proof-of-reserves status with spot trading across more than 200 assets and over 250 pairs. Standard spot books have 0% maker fees, while the base taker fee is 0.02%. ACH deposits and withdrawals are free, but deposits carry a mandatory seven-day withdrawal hold. The exchange also excludes residents of 16 U.S. jurisdictions, including New York and Texas, and requires KYC.
Spot · OTCAccepts US customersProof of reservesStaking / earn- 0% maker fees across all 250+ spot trading pairs
- Zero-fee fiat deposits and withdrawals through bank ACH transfers
- SOC 2 Type II and ISO 27001 third-party security audits
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2
European crypto spending
Brighty App
4.0/5Brighty App joins proof of reserves with named EUR, GBP and USD IBAN accounts, crypto swaps and Mastercard debit cards. Its Merkle-tree system lets customers verify fiat and digital-asset reserves against balances. DeFi earning vaults route stablecoins through Aave with flexible withdrawals and no lockups. The main trade-off is custodial wallet control, while U.S. residents cannot use the service.
SpotProof of reservesStaking / earnBank transfer · SEPA +1- Personal named IBANs for EUR, GBP, and USD
- Mastercard debit card spends directly from crypto or fiat
- Systematic Merkle-tree proof of reserves for fiat and crypto
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3
Advanced options trading
Deribit
4.0/5Deribit earns a place for its specialist derivatives market, including Bitcoin and Ethereum options, perpetuals and dated futures. It offers portfolio margin and up to 50x leverage, alongside two-factor authentication and address whitelisting. The exchange does not accept U.S. customers and requires KYC before deposits or withdrawals. Centralized custody remains the main fund-safety trade-off.
Spot · Futures +1Futures & perpetualsMobile app2FA · Security Key +2- Over 85% market share in Bitcoin and Ethereum options
- Up to 50x leverage on perpetuals and futures
- Portfolio margin available to offset options and futures risk
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4
High-leverage futures
BTCC Exchange
3.9/5BTCC pairs proof-of-reserves reporting with monthly Merkle-tree reports showing more than 100% backing across major assets. Its core product is perpetual futures with leverage up to 250x, alongside spot and copy trading. Spot fees are comparatively high at 0.20% maker and 0.30% taker, and the platform has no direct fiat withdrawals. Leveraged contracts also carry steep liquidation risk.
Spot · Futures +1Proof of reservesStaking / earnFutures & perpetuals- Continuous operational track record dating back to June 2011
- Publishes monthly Merkle tree Proof of Reserves exceeding 100% backing
- Leverage up to 250x on cryptocurrency perpetual contracts
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5
500x perpetual contracts
Toobit
3.9/5Toobit combines monthly 1:1 proof-of-reserves reporting with spot, perpetual futures, copy trading and tokenized equity contracts. Futures leverage reaches 500x, while card and Apple Pay deposits cover more than 50 fiat currencies. The exchange discontinued all U.S. services in July 2024 and requires full KYC. Its zero-fee spot promotion excludes API trading activity.
Spot · Futures +3Proof of reservesFutures & perpetualsMaker fee 0%- Registered as a Virtual Asset Service Provider with the Polish Financial Supervision Authority
- Publishes monthly 1:1 proof of reserves data
- Perpetual contract leverage available up to 500x
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6
Cross-asset conversions
Uphold
3.9/5Uphold differs by enabling direct conversions between crypto, fiat, metals and equities, alongside public reserve balances updated every 30 seconds. It supports more than 300 assets and over 4,000 U.S. stocks and ETFs, plus an assisted self-custody vault using two-of-three multisignature keys. The trade-off is spread-based quote pricing instead of standalone maker-taker order books.
SpotAccepts US customersProof of reservesStaking / earn- Trades directly between crypto, fiat, metals, and stocks in one step
- Publishes verifiable reserve data updated every 30 seconds
- Supports over 300 assets and 4,000 U.S. equities
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7
Yield on margin balances
Flipster
3.8/5Flipster combines proof-of-reserves reporting with more than 400 spot and perpetual trading pairs, leverage up to 100x and yield on eligible idle USDT balances. It supports deposits and withdrawals across 25 blockchain networks and holds a Dubai VARA Exchange Services licence. The main trade-off is custodial exposure, while its proof-of-reserves reporting does not cite an external independent auditor.
Spot · Futures +1Proof of reservesStaking / earnFutures & perpetuals- VIP0 futures maker fee of 0.02% and futures and spot taker fee of 0.06%
- Holds a full operational Exchange Services license from Dubai VARA (VL/26/07/002)
- Over 400 trading pairs listed across spot and perpetual markets
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8
European multi-market access
OKX
3.8/5OKX joins proof-of-reserves reporting with spot, futures, options, P2P markets, trading bots and Onchain Earn. Its European platform supports more than 270 coins, and it published its 45th consecutive proof of reserves in July 2026 with reserves presented at a 1:1 ratio. Product access varies by jurisdiction, while custody and complex derivatives add counterparty and leverage risks.
Spot · Futures +2Proof of reservesStaking / earnFutures & perpetuals- 270+ coins supported on the European platform
- MiCA licence for OKX Europe Limited
- Spot, futures, options and P2P markets
How we picked
The list includes all eight exchanges in the collection with a proof-of-reserves status of yes. Crypto exchanges form the entire roster, rather than standalone wallets or payment apps, and the ordering follows assigned editorial scores.
Evaluations balance cost schedules, asset selection and platform protections. Concrete product facts also guide the scoring, including reserve reporting cadence, custody arrangements, available leverage and jurisdiction limits. No hands-on testing is used. Where products serve different markets, the page states those limits rather than treating every exchange as a direct substitute.
FAQ
What does proof of reserves mean on a crypto exchange?
Proof of reserves is a report or verification system that shows whether an exchange holds assets against customer balances. The formats differ, including Merkle-tree reports, public reserve balances and 1:1 reserve statements.
Which exchange has the lowest listed spot fees?
Binance.US lists 0% maker fees and a 0.02% base taker fee on standard spot trading. BTCC lists 0.20% maker and 0.30% taker spot fees, while Uphold uses spread-based pricing.
Which exchanges offer the highest leverage?
Toobit lists leverage up to 500x, followed by BTCC at 250x, Flipster at 100x and Deribit at 50x. Higher leverage increases liquidation exposure on perpetual and futures positions.
Which exchanges accept U.S. customers?
Binance.US and Uphold accept U.S. customers. Brighty App and Deribit do not, Toobit discontinued U.S. services in July 2024, and regional access for other exchanges varies.
Which exchange offers self-custody features?
Uphold offers an assisted self-custody vault using two-of-three multisignature keys. The other exchanges listed here primarily use custodial account structures, although their security controls and reserve reporting differ.