To verify self-hosted wallet ownership, a small predefined amount (Satoshis) is sent from the withdrawal address to the virtual asset service provider (VASP). If a wallet user is able to successfully do this, he controls the wallet.
Want to know more? Read The Satoshi Test Explained and
learn how to conduct a Satoshi Test step-by-step (scroll to the bottom of the page),
find out why a cryptocurrency user would need to perform a Satoshi Test, and
see the pros and cons of the Satoshi Test.
Want to know more about the Satoshi Test? Reach out to us today.