Bitcoin Forum
June 21, 2018, 01:17:54 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: how bitcoin exchanges stores their bitcoin?  (Read 137 times)
lovejoel
Full Member
***
Offline Offline

Activity: 136
Merit: 100


View Profile
June 08, 2017, 06:43:53 PM
 #1

the online wallets are not safe much, so how exchanges like cex.io, btc-e,bitstamp stores their bitcoins and other altcoins? if they use cold storage how the transactions works automatically? how do they protect them self from hacking?
1529543874
Hero Member
*
Offline Offline

Posts: 1529543874

View Profile Personal Message (Offline)

Ignore
1529543874
Reply with quote  #2

1529543874
Report to moderator
1529543874
Hero Member
*
Offline Offline

Posts: 1529543874

View Profile Personal Message (Offline)

Ignore
1529543874
Reply with quote  #2

1529543874
Report to moderator
The World's Betting Exchange

Bet with play money. Win real Bitcoin. 5BTC Prize Fund for World Cup 2018.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1529543874
Hero Member
*
Offline Offline

Posts: 1529543874

View Profile Personal Message (Offline)

Ignore
1529543874
Reply with quote  #2

1529543874
Report to moderator
LeGaulois
Copper Member
Hero Member
*****
Offline Offline

Activity: 742
Merit: 773

Bitcoin Ninja Blockchained | Unregulated Banker


View Profile
June 09, 2017, 12:35:41 PM
 #2

Cold storage, at least I hope it's a general practice with Exchanges. They don't store on web servers to avoid any intrusion on the system that would make possible to steal the bitcoins. It's not entirely true as in fact, they keep a minimal amount to anticipate withdrawals. And if there is an intrusion the impact will be very less important

warnerbunny
Jr. Member
*
Offline Offline

Activity: 32
Merit: 0


View Profile
June 09, 2017, 12:43:02 PM
 #3

This means someone actually runs around with a USB stick to get the transactions from cold storage broadcasted?

tips: 123456Be6iBT3PGRM2J8UJyYHnxWfPFh2F Smiley
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!