Matbea

About Matbea

Matbea is a Bitcoin wallet identification service offered by a startup based in the UK. It's a unique service which allows users to find out who was the previous owner of their Bitcoin and for finding out owners of Bitcoin addresses.

While it may ostensibly seem similar to blocktrail, the service is different in that it is the first free publicly available service of its kind, will let users find out which exchange of company owns a particular address. According to Matbea, they already have in their database owners linked to more than 87,000,000 addresses.

Among these are large companies, trading platforms and bitcoin-exchanges. Among them are Coinbase.com (more than 5 325 000 addresses), Xapo.com (more than 1 075 000 addresses), Poloniex.com (more than 715 000 addresses), Localbitcoins.com (over 1 075 000 addresses) and many others. The service is translated into several foreign languages and has an intuitive interface.

Using Matbea is free and registration takes no more than a minute. After the registration you can see who owns a particular bitcoin address. This option isn’t available without registration. The purpose of this project is to make bitcoin-transactions transparent and protect the cryptocurrency from scammers and hacker attacks.

Matbea allows the option of importing a WIF, storing WIFs, sending bitcoins from imported WIF and generating new address and WIF. Further, there are options to broadcast and decode transactions. Users are also able to encrypt and decrypt a WIF. Wallet Import Format (WIF, also known as Wallet Export Format) is a way of encoding a private ECDSA key so as to make it easier to copy.

Although the site allows users to generate new bitcoin wallets, private keys are stored by users on their own device and not on the site. A distinctive option of this bitcoin-wallet is the ability to make a double waste of funds (double spend). Sometimes it could be useful, for example when the transaction was incomplete commission for immediate confirmation of the transaction.

Who Are Matbea's Target Customers?

Matbea's target customers are users who want to find out where their bitcoins came from, from what exchange. It can be useful for law enforcement agencies, for example, for AML purposes. Matbea does not have personal information of bitcoin users, only exchanges have this information whose addresses the service can find with the help of Matbea's tool.

For example, a user's bitcoins were stolen. Matbea determines where the bitcoins were transferred. Then the user is able to find an exchange, the exchange usually saves all the information about the owners, which allows the user to find the owner and call the police.

Matbea seeks to keep working on its platform to increase the number of addresses they can identify as belonging to a particular company or exchange.

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