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Title: unexplained bitcoin transactions... Post by: tarui on September 11, 2013, 04:08:11 AM https://blockchain.info/address/14r8kcWVPR8SXLZ65MjbjtHKcyRBiz5hQb
this address is my bitstamp wallet for my mining outputs, while i recognise the deposit into my account of 0.11170761 BTC I have no idea what is the withdrawal about? this has been happening for quite sometime and i am really confused... Title: Re: unexplained bitcoin transactions... Post by: eleuthria on September 11, 2013, 05:43:43 AM Bitstamp (and all other EXCHANGES as far as I'm aware) does not actually keep a balance in the deposit address they give you. It's simply one address generated in their bitcoin instance that they marked as belonging to you when a deposit is sent to it. When they send money to other users for withdrawals, there is a chance that the funds will originate from your deposit address.
Basically exchange wallets are a giant safe with lots of little slots for depositors. Money from people depositing into exchanges to in a slot designated for that user, but then they're just in a giant pile and get pulled from as needed to fund other users' withdrawals and/or moved to cold storage. They internally keep track of what balance each user is entitled to pull out of the money pile upon request. |