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News: Reminder: do not keep your money in online accounts
 
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Author Topic: Mt. Gox and other exchanges  (Read 1104 times)
danoplus (OP)
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June 10, 2011, 09:53:41 PM
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Just a stupid question...so where does Mt. Gox get all of the bitcoins from?
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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ironwolf
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June 10, 2011, 10:13:13 PM
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Mt. Gox is an exchange. The bitcoins come from people who want to sell, and flow through Mt. Gox to people who want to buy.
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June 10, 2011, 10:23:16 PM
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Right, understand that you're not buying coins FROM Mt. Gox (or TradeHill.com), they are the marketplace that connects sellers to buyers.

Tradehill.com referral code: TH-R1494
Please consider using it if I've said something useful!
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