Bitcoin Forum

Economy => Exchanges => Topic started by: blanemeron on April 27, 2020, 04:24:17 PM



Title: Checking wallet availability
Post by: blanemeron on April 27, 2020, 04:24:17 PM
Hello, How can I check if a cryptocurrency wallet on the stock exchange is available and can send crypto to it, preferably via the stock exchange API. Is it possible to check or how to estimate how many coins will be sent from the exchange to another exchange, or what is the average time? Greetings. Thanks in advance for your reply.


Title: Re: Checking wallet availability
Post by: BrewMaster on April 27, 2020, 04:44:53 PM
that is something that you have to ask the cryptocurrency exchange that you are using or preferably go through their API documentation, if such option exists there must be a section explaining it there. different exchanges provide different API endpoints that usually don't include their disabled wallets!


Title: Re: Checking wallet availability
Post by: bitmover on April 27, 2020, 11:30:12 PM
Hello, How can I check if a cryptocurrency wallet on the stock exchange is available and can send crypto to it, preferably via the stock exchange API. Is it possible to check or how to estimate how many coins will be sent from the exchange to another exchange, or what is the average time? Greetings. Thanks in advance for your reply.

When dealing with exchange, you are not exactly under bitcoin blockchain's consensus rules. You are under that exchange rules.

As soon as you open your exchange wallet and you can see a bitcoin address, your wallet is usually active and you can send/receive coins from that address (but you need to check information on the exchange you are talking about ofc)

As soon as your bitcoin deposit arrives in the exchange, the bitcoin is under their power and they decide what to do with it.

If both the exchanges you are dealing with are reliable, the average time for your transaction shouldn't be more than 1 hour.

You cannot estimate how much time, but you usually exchanges have two withdrawal options: Fast and high fee X Slow and low fee.


Title: Re: Checking wallet availability
Post by: The Cryptovator on April 28, 2020, 05:34:32 AM
So you are wondering to withdraw via exchange API ? If so then its depends on exchanges & you have to read API documentation including their terms & conditions. Otherwise you may share exchange name then we might look into it. For send and receive crypto exchange to exchange you have to make sure that coins available on both exchanges and take deep look on address formats.

Regarding duration of transaction depends on exchanges withdrawal speed, it under control the exchange. You aren't owner of the fund till you receive on your address under full control of you. When broadcasted transaction on the blockchain then depends on fees (for bitcoin), lower fee means slow transaction & higher fee means fast transaction.