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Title: Coin storage and transaction Post by: realtip on February 11, 2015, 09:08:25 PM I want to double check something
If my coins go into my wallet with address A Can I send these to my address B within the same wallet for free as its the same wallet or is this a "transaction" and therefore, will incur the fee Also, if I receive my coins using address A from someone and transfer to address B will this show up as another transaction in the bitcoin chain Finally, when I exchange on a market place do they record my wallet or address when I use them to sell or buy and do I need to make an additional wallet on these exchanges or can I use my existing wallet or address? Thank you Title: Re: Coin storage and transaction Post by: roslinpl on February 11, 2015, 10:24:46 PM I want to double check something If my coins go into my wallet with address A Can I send these to my address B within the same wallet for free as its the same wallet or is this a "transaction" and therefore, will incur the fee Also, if I receive my coins using address A from someone and transfer to address B will this show up as another transaction in the bitcoin chain Finally, when I exchange on a market place do they record my wallet or address when I use them to sell or buy and do I need to make an additional wallet on these exchanges or can I use my existing wallet or address? Thank you If you will send coins from address A to address B you will pay the fee. If you receive coins to address A that transaction must be confirmed before you will be able to send those coin to address B. Yes - it will be visible as another transaction in the block and on the blockchain. Which wallet are you using? If you want to exchange your coins you will need to register an account. On that account you will have your own new bitcoin address. Private keys for that address are on their server. That's why it is important to don't give it full trust and don't keep coins on the exchange if you are not exchanging is a good habit. You will create account, they will create new bitcoin address for you and you will need to send coins from your wallet to that address in order to exchange any of your coins. Best regards. Title: Re: Coin storage and transaction Post by: odolvlobo on February 12, 2015, 02:04:00 AM If my coins go into my wallet with address A Can I send these to my address B within the same wallet for free as its the same wallet or is this a "transaction" and therefore, will incur the fee Also, if I receive my coins using address A from someone and transfer to address B will this show up as another transaction in the bitcoin chain Finally, when I exchange on a market place do they record my wallet or address when I use them to sell or buy and do I need to make an additional wallet on these exchanges or can I use my existing wallet or address? Sending bitcoins from one address to another must always go through the blockchain regardless of the location of the address. It is a standard transaction even though you own both addresses. Generally, it is unnecessary to keep track of where bitcoins are stored in your wallet because the wallet handles that. Addresses on an exchange belong to the exchange and not to you. You have an account on an exchange and not a wallet. When you deposit bitcoins, the exchange provides you with an address and they credit your account when they receive the bitcoins. When you withdraw bitcoins, you provide them with an address in your wallet, and they send you the bitcoins and debit your account. |