Identifying exchange addresses

[Dex_master25]

‎I  read somewhere sometime back that learning to Identify exchange addresses is crucial for transparency, but they didn't state or gave direction on how to achieve this as a newbie to the cryptocurrency world.
If you have a specific address from anywhere that is of course not yours and you want to know the exchange it belongs to, how do you go about it?
 
How can I know the name of an exchange service by the address I receive a deposit from by just looking at the address?

‎Is it possible that an exchange address can signify or tell the name of the exchange that has such an address in reality or it's just a marketing story?

[joniboini]

Some block explorers label the suspected exchange address for you. Have you tried using them? They usually collect data from various sources, including self-reported tx, manually registering new accounts, scraping public databases, and so on. Keep in mind there's no guarantee the address is owned by an exchange, especially if it has no prior history at all.

As far as I'm aware, no blockchain gives the ability to publicly determine who owns the address, unless the owner publicly says so. I don't think you can find a tool for this. CMIIW.

[Cookdata]

‎I  read somewhere sometime back that learning to Identify exchange addresses is crucial for transparency, but they didn't state or gave direction on how to achieve this as a newbie to the cryptocurrency world.
If you have a specific address from anywhere that is of course not yours and you want to know the exchange it belongs to, how do you go about it?

The best place is blockchain explorer if you want to do the work on your own but for speed search, chain analysis website are the best place. Arkham, lookonchain, and many other chain surveillance are the best way to know about exchange addresses

Most centralized exchanges all have their hot wallets known for transparency and proof of reserves.

How can I know the name of an exchange service by the address I receive a deposit from by just looking at the address?

If I give you a random wallet address from an exchange, there is no way you can detect if the address is a generated from a custodial wallet or an exchange unless the address has some history and it may not prove anything unless the exchange has transferred or consolidate the coins inside with other addresses to their hot wallet, that's the only possible way.

‎Is it possible that an exchange address can signify or tell the name of the exchange that has such an address in reality or it's just a marketing story?

Most often, when an exchange reveal their wallet addresses, they are doing that to let people know that all the coins in their custody are not tempered. They are doing that to gain trust of the public.

Remember what happened to FTX, the exchanges are trying to avoid such mistakes but still they can't be trusted. They can deny you withdrawals without any valid proof.

[rat03gopoh]

How can I know the name of an exchange service by the address I receive a deposit from by just looking at the address?

I usually use oklink.com, which is only useful for light-level analysis.
Blockchain analytics platforms like arkham (the free version) also can't identify hot wallets on partner exchanges. For example, Binance has many subsidiaries that typically serve local customers under their own brands. Their analysis results assign hot wallets to the parent company (Binance). It's unclear whether the same applies to the paid version.

[MusaMohamed]

If you have a specific address from anywhere that is of course not yours and you want to know the exchange it belongs to, how do you go about it?

You can try with these sites for explorer and on chain analysis including identity of addresses. Paste the addresses you want to find entities behind but not always you will have results you are looking for.

https://www.walletexplorer.com/

Blockchain analytics platforms like arkham (the free version) also can't identify hot wallets on partner exchanges. For example, Binance has many subsidiaries that typically serve local customers under their own brands. Their analysis results assign hot wallets to the parent company (Binance). It's unclear whether the same applies to the paid version.

Usually free version has limited features compares to paid, premium version.
https://intel.arkm.com/

[nakamura12]

Some block explorers label the suspected exchange address for you. Have you tried using them? They usually collect data from various sources, including self-reported tx, manually registering new accounts, scraping public databases, and so on. Keep in mind there's no guarantee the address is owned by an exchange, especially if it has no prior history at all.

As far as I'm aware, no blockchain gives the ability to publicly determine who owns the address, unless the owner publicly says so. I don't think you can find a tool for this. CMIIW.

I believe this is true. The explorers do label it to the name of the exchange. It is also the same on tokens where the tokens that are sent from have names of the exchange. Let's say it's about usdt, when a person received the tokens to the address so when checking the transaction then it shows the usdt token are received from let's say Binance. What I noticed is that they transfer the btc on the wallet where it's sent from like your own wallet address on the exchange account and after that it is sent to other wallet address. I think they have more than one wallet If I am not wrong.

[OmegaStarScream]

As mentioned above, Arkham is a very good solution for this (this goes for CEXes, instant exchanges, DEXes, services like Bitrefill for examples, etc.). This also applies to both bitcoin and other blockchains.
For EVM transactions, you will find that PolygonScan, etherscan, bnbscan, etc. have already the exchange's addresses (not all) labeled as well.

Without analytics tools that have already labeled addresses, it's impossible to know who does the address belong to just by looking at it.

[Karl_3000]

‎Is it possible that an exchange address can signify or tell the name of the exchange that has such an address in reality or it's just a marketing story?

Yes, you can read what MusaMohamed gave you above. I have used https://www.walletexplorer.com/ to know many exchanges before, but the problem there is that if the exchange has not been used several times, the tool may not be be able to know if the address is an exchange address yet until the exchange is using it.

[Zaguru12]

What I noticed is that they transfer the btc on the wallet where it's sent from like your own wallet address on the exchange account and after that it is sent to other wallet address. I think they have more than one wallet If I am not wrong.

You’re not wrong exchanges actually do not have one wallet, they have series of wallets which they keep their coins most of this wallets are cold wallet for safekeeping of users funds. The reason why i said they have more cold wallets is simply that when  hack happened in bybit exchange sometime ago it wasn’t actually from the popular bybit address reported by the Wallets explorers, yes it might also be an HD wallet with multiple addresses which they can give out. But most of this exchanges actually uses multi sig and it’s not what’s exposed sometimes.

The only way to actually see if a wallet belong to an exchange is if the coins from the address is moved to another address few minutes later after the drop and the address is actually linked to a certain exchange then you know that it’s an address from that exchange. Also mostly the individual exchange addresses are usually empty

[FinneysTrueVision]

For example, Binance has many subsidiaries that typically serve local customers under their own brands. Their analysis results assign hot wallets to the parent company (Binance).

That’s probably because the funds don’t get segregated and everything ends up consolidated together under Binance’s control. This is also why the amount of BTC attributed to Strategy sometimes decreases, even though they have never sold any BTC.

[Yamane_Keto]

Platform-related block explorers are free tools that allow you to check whether addresses belong to them. Paid services provide better results, and if you're still unsure, exchanges themselves allow you to know addresses back to them by contacting them.