Question to all Crypto Specialists


#1

Where can I check if REV is really holding the Cryptos I was buying over them. Is the transfer into REV‘s pooled crypto wallet somewhere documented?
If not: Wouldn’t a documentation be a great step forward for more transparency?
Thanks!


#2

@AndreasK
Do you have any information? Thanks!


#3

There is none to give. They’re stored in cold wallets and are using something called “security through obscurity”. The cold wallets are stored somewhere secure.


#4

In theory they could publish each crypto total balance and the public addresses of the wallets to allow anyone to verify the balances on the relevant blockchain - but since you don’t have access to the private key for your balance it wouldn’t do you any good really. you have to trust revolut. If you don’t then your better route is to buy coin on an exchange and transfer into a wallet that you control. “not my keys not my coins” is the mantra for some.