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Author Topic: Do BTC Exchanges Post All Transactions to Blockchain?  (Read 862 times)
RealT (OP)
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November 07, 2013, 05:28:07 AM
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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!
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eleuthria
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November 07, 2013, 06:28:53 AM
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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.

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November 07, 2013, 08:14:43 AM
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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.

there are few old ones who are doing this on blockchain but they are very slow. I wont mention them because they were planning to change engine anyway.

RealT (OP)
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November 07, 2013, 04:10:33 PM
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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.
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November 07, 2013, 08:57:09 PM
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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.
The reason for not broadcasting transactions is due to privacy and speed. It wouldn't make any sense, and if there is any exchange that does broadcast all trades, it wouldn't make any sense unless it was some sort of P2P exchange.
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November 09, 2013, 12:44:35 AM
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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…..

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Izerian
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November 09, 2013, 03:45:20 AM
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     If the exchange goes 'tits-up' then so do your funds…..

Any U.S. based exchange is more than likely to have a 'loose string' that the gubment can cite them on and cause them at least a headache. If you're not reporting transactions to FinCEN and/or haven't registered at least in every state that you have a user as a MSB (Money services business) then you're able to be screwed.

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