5 ms·
From my experience, the way you find out there's an issue with the exchange is when you see people posting on /r/bitcoin about having waited weeks for their wit
by moduspol 9y ago
From my experience, the way you find out there's an issue with the exchange is when you see people posting on /r/bitcoin about having waited weeks for their withdrawal to be processed. Meanwhile the exchange continues to accept deposits.
- pbhjpbhj 9y agoPresumably you can watch the exchange's wallets and see anomalous behaviour relatively easily?
- moduspol 9y agoMaybe, I guess? I feel like you'd almost need insider knowledge of the exchange to be able to tell what is anomalous.
- mattm 9y agoDo exchanges publicize their main wallets? Is there a listing somewhere?
- tzahola 9y agoYes. It's called "the blockchain".
- pbhjpbhj 9y agoIf you buy bitcoin, I assume it works that you receive btc from a wallet, and that wallet belongs to the exchange. If you sell at an exchange then you send your btc to a wallet, and ... They could hide transfers by making new wallets, but that's strikes me as massive red-flag behaviour that an exchange wishing to continue in business is unlikely to take part in? Someone step in and correct me?