Re:Bitcoin exchange Youbit shuts after second hack attack
by mv4 on Tuesday December 19, 2017 @12:11PM
(#15961703)
Re: "When you buying Bitcoins they go to your wallet and you can verify the transaction on blockchain.info."
Not necessarily. For example you can trade on GDAX (between ETH/BTC/LTC/USD) without hitting the blockchain. Once you "withdraw" your purchase and deposit it into "your" (because it's not really your wallet) wallet on Coinbase, then maybe.
Many of these "internal" exchange transactions are only reflected in their internal DB and not public blockchain.
Not necessarily. For example you can trade on GDAX (between ETH/BTC/LTC/USD) without hitting the blockchain. Once you "withdraw" your purchase and deposit it into "your" (because it's not really your wallet) wallet on Coinbase, then maybe.
Many of these "internal" exchange transactions are only reflected in their internal DB and not public blockchain.