Do BTC exchanges post all transactions to the Blockchain immediately or is there a delay with the exchanges?
Also, What is the most dependable, trustworthy, and secure online exchange?
Thanks!
Not sure quite what you mean on this one. Exchange transactions never take place on the blockchain. Only deposits/withdrawals to/from the exchange do. The internal trades are all just entries in a database.
That was my question. Does the blockchain reflect every trade that happens on the exchange? If not you are really at the mercy of the exchange to not close down shop or have a technical problem...... right? Hence my reason for seeking the most reliable, trustworthy, and secure exchange.
NO!!!!!
Basically the exchanges take the coins into a central pool, then after that you are trading 'tokens' at a given exchange rate, in theory it should all 'match up'
Once the crypto currency is withdrawn from the exchange, then there is a transaction between the exchange and the creditor.
From a block chain point of view there is an incoming transaction from, 'crypto currency fund source' > Exchange and an outgoing transaction Exchange > 'crypto currency fund destination'.
If the exchange goes 'tits-up' then so do your funds…..