The Problem with Trusting the Correctness of Your Balance

In the crypto world, users want to ensure that their assets are safe and accounted for accurately, especially given the volatile nature of digital currencies. Verifying account balances is essential for maintaining trust, as users need to feel confident that their custodial platform securely manages and accurately reports their holdings. Without transparent methods for balance verification, users may feel uncertain about whether their assets are protected and accurately represented in the platform’s records.

SwissBorg recognizes this need for transparency and has developed a solution that allows each user to verify their balance independently, giving them peace of mind in knowing that their assets are secure and correctly accounted for.

How SwissBorg Solves This Problem

SwissBorg addresses this by prioritizing transparency and using advanced cryptographic verification methods. Through SwissBorg's Self Verification tool, users can check their balance using Merkle tree cryptographic techniques. This method enables each user to verify not only that their assets are included in the company’s total liabilities, but also that their reported balance is accurate.

This Self Verification process is SwissBorg’s way of empowering users with the tools to independently validate their balances. By integrating these secure cryptographic methods, SwissBorg offers users an easy yet highly secure way to verify that their account balance is recorded accurately and reliably on the platform.

Steps to Verify Your SwissBorg Account Balance

To use SwissBorg’s Self Verification tool and confirm your balance:

1. Open the SwissBorg app and navigate to the "Profile" section.

1. Tap on 'Security'.

2. Tap on the option to generate or input your Audit Credential ID. This unique ID will help identify your specific balance details in the verification system.

4. Visit the Self Verification portal.

5. Enter your Audit Credential ID in the related field:

At this point, the tool will automatically validate your balance by comparing it to SwissBorg’s cryptographically secured liabilities records.

This Merkle tree verification technique ensures that your account balance is securely and accurately accounted for within SwissBorg’s audited records.

If the verification process confirms that your balance matches SwissBorg’s liabilities records, you’ll see a message confirming your balance’s accuracy. If you have any discrepancies or concerns, you can contact SwissBorg’s Support team directly through the app.

IMPORTANT!

Never share your Audit Credential ID with anyone. This ID is the key to access sensitive data such as your SwissBorg account balance. This precious information could end in the wrong hands.

Further Assistance

If you encounter any difficulties during this process, or you found any discrepancies, SwissBorg’s Support team is available to assist. You can reach them through the SwissBorg app’s support chat feature, or by emailing support@swissborg.com.