Author

Topic: TRANSACTION.....is it like?? (Read 218 times)

legendary
Activity: 1722
Merit: 1000
July 27, 2017, 07:20:50 AM
#2
On a crypto exchange, I transferred 1 ether from my account with let's say wallet A to my friend's wallet B. When I searched for my friend's wallet B on etherscan.io to see the transaction, the sender address belonged to crypto exchange's wallet C and not my wallet A. Why do the exchanges do not make the transaction directly from my wallet A to wallet B?

Exchanges use hot wallets for transactions in and out of their addresses range (such as User addresses).

This is so they can send multiple transactions at the time to save on tx fees.
newbie
Activity: 40
Merit: 0
July 27, 2017, 04:08:32 AM
#1
On a crypto exchange, I transferred 1 ether from my account with let's say wallet A to my friend's wallet B. When I searched for my friend's wallet B on etherscan.io to see the transaction, the sender address belonged to crypto exchange's wallet C and not my wallet A. Why do the exchanges do not make the transaction directly from my wallet A to wallet B?
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