Bybit Wallet Addresses Ownership Explained

·

Understanding cryptocurrency wallet ownership is essential for transparency and trust in the digital asset space. In this detailed guide, we break down how Bybit verifies wallet address ownership using a provably fair method rooted in blockchain data. This process ensures public accountability while maintaining cryptographic integrity.

The verification mechanism leverages a specific Bitcoin block mined on December 11, 2022, and uses its block header nonce to determine transfer amounts across multiple wallets. Below, we walk through the technical foundation, calculation logic, and the full list of verified addresses across various blockchains.

How Bybit Determines Wallet Ownership

To prove control over certain wallet addresses, Bybit employs a transparent, decentralized verification method that relies on immutable blockchain data. The core of this process lies in selecting a specific Bitcoin block and extracting a random yet verifiable value from it—the nonce.

Key Verification Parameters

This nonce is not arbitrary—it's a cryptographic number used once during mining and is permanently recorded on the Bitcoin blockchain. Because it cannot be predicted in advance, it serves as an unbiased source of randomness.

Calculating the Transfer Amount

Using the first three digits of the nonce—144—Bybit derives a base transfer amount with the following formula:

Transfer Amount = First three digits of nonce / 1,000,000

So:

144 / 1,000,000 = 0.000144

Due to technical limitations in transferring such precise decimal amounts across some networks, Bybit scales this value by multiplying it with a positive integer power of 10 where necessary. This ensures the transaction can be processed without altering the underlying proof-of-ownership principle.

You can independently verify the block details using any Bitcoin blockchain explorer. For convenience, check Blockchair’s record of Bitcoin Block #766,913.

👉 Discover how leading platforms ensure wallet transparency and security with real-time blockchain verification.

Verified Bybit Wallet Addresses by Blockchain

Below is the complete list of wallet addresses published by Bybit for public verification. Each address corresponds to a real transaction on its respective blockchain, confirming Bybit's control over these wallets.

These transactions were executed using the calculated transfer amount (or a scaled version thereof) and serve as cryptographic proof of ownership.

Ethereum (ETH & USDT)

Bitcoin (BTC)

TRON (TRX & USDT)

XRP (XRP)

Litecoin (LTC)

Polkadot (DOT)

Solana (SOL)

Aptos (APT)

Dogecoin (DOGE)

Cosmos (ATOM)

Avalanche (AVAX)

EOS (EOS)

🔒 Important Note: These addresses are for verification purposes only. They are not deposit addresses. Sending funds to any of these addresses may result in permanent loss. Always use your personal deposit address from the official Bybit platform.

👉 Learn how secure wallet practices protect your digital assets across major crypto platforms.

Frequently Asked Questions (FAQ)

Why does Bybit use the nonce from a Bitcoin block?

The nonce is a cryptographically secure, unpredictable value that cannot be manipulated after mining. Using it ensures fairness and transparency in determining transfer amounts, proving ownership without relying on centralized or arbitrary inputs.

Can I verify these transactions myself?

Yes. All transactions are recorded on public blockchains. You can use explorers like Etherscan (Ethereum), Blockchair (Bitcoin, Litecoin), Tronscan (TRON), or Solscan (Solana) to look up each address and confirm the transaction matching the 0.000144 BTC equivalent amount.

What happens if a blockchain doesn’t support six decimal places?

In cases where precise decimals aren't supported, Bybit multiplies the base amount (0.000144) by a power of 10 to make it compatible—for example, sending 0.144 tokens instead. This preserves the link to the original nonce while ensuring successful transaction execution.

Are these wallets still active?

These addresses were used specifically for proof-of-reserves verification and may no longer be actively used for daily operations. Their primary purpose was to demonstrate asset ownership at a point in time.

Is this method used by other exchanges?

Yes, similar methodologies are adopted by reputable exchanges for proof-of-reserves audits. Transparent use of blockchain data helps build user trust and strengthens industry-wide standards for financial accountability.

How often does Bybit publish such proofs?

While specific schedules may vary, major exchanges typically release proof-of-reserves reports periodically—often monthly or quarterly—to maintain ongoing transparency with their users.

Core Keywords

This article focuses on the following key terms for SEO optimization:

These keywords naturally appear throughout the content to align with common search queries related to exchange accountability and wallet verification.

👉 Stay ahead in crypto security with tools that verify exchange reserves and protect your investments.

Conclusion

Bybit’s approach to proving wallet ownership exemplifies how blockchain technology enables transparent and tamper-proof verification. By anchoring the process to an immutable Bitcoin block parameter—the nonce—the exchange demonstrates a commitment to openness and user trust.

As the crypto ecosystem evolves, such practices will become standard for ensuring accountability. Users are encouraged to verify claims independently and adopt platforms that prioritize transparency through verifiable on-chain data.