Where do Exchanges get BitCoins ?

[Hirose UK]

Bitcoin users get Bitcoins by exchanging them for fiat at exchanges but where do the exchanges get bitcoins from ?

This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !

Exchanges that directly buy/sell from/to an user always buy low and sell high. Other exchanges just connect user's buy/sell call with that of another.

I think about it either. I even saw my friend sells the other's bitcoin and then the money is given by the third people who wants to buy bitcoin. so the second people send his bitcoin to the third people. exchanges just connects buyer and seller.

[wuvdoll]

Bitcoin users get Bitcoins by exchanging them for fiat at exchanges but where do the exchanges get bitcoins from ?

This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !

Basically, exchangers get their coins from either miners, traders, contacts, etc. They can just ring up people and buy from them whenever they run low on bitcoin inventory. They have some sort of a wallet/s to check whether their bitcoins needs restocking or immediate selling.

[lixer]

Bitcoin users get Bitcoins by exchanging them for fiat at exchanges but where do the exchanges get bitcoins from ?

This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !

Very simple !! Do you know exchanges charge fees for every trade ?
Every exchanges have a fees for every trade. Just think how much trade happens in a single days. Also they earn from the transaction fees like sending btc in bulk free of transaction fees and get fees from individuals transaction. Hope you can understand now where do the exchanges get bitcoins.