Re:Coinbase Exchange
by adrianmacneil on Monday January 26, 2015 @01:35PM
(#8948658)
I'm not sure I would call Bitstamp incompetent for keeping $5M USD worth of bitcoin in their hot wallet.
A hot wallet needs to contain enough to cover the largest reasonably-sized transaction which a user may want to withdraw (and then some), and a global exchange like Bitstamp would have many institutional customers who may withdraw that much on a weekly basis.
A hot wallet needs to contain enough to cover the largest reasonably-sized transaction which a user may want to withdraw (and then some), and a global exchange like Bitstamp would have many institutional customers who may withdraw that much on a weekly basis.