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Not really true. You have to deposit your cash and/or your BTC into Bitstamp's accounts. Only then you can trade them. And you only get cash and/or BTC back whe
by ye 13y ago
Not really true. You have to deposit your cash and/or your BTC into Bitstamp's accounts. Only then you can trade them. And you only get cash and/or BTC back when you withdraw. In between it's just a bunch of data being pushed around, no actual transactions (though they seem like transactions, they only exist inside Bitstamp's database).
- wmf 13y agoI think damian2000 was making a distinction between an exchange holding funds on behalf of customers and an exchange that trades with its own money.