My answer is going to be purely base on the visit I made to a local exchange office in where I'm residing: (From my discussion with the owner of the exchange)
Exchanges do have a mining farm in which (in my case, it was a small mining farm) they use it to fund their main addresses with and also have a backup option that they make contracts with some other miners in which they get an additional fee, whenever funds from their mining activities were used, for instance, the exchange I'm talking about, asked for 2% fee from everyone and they give 0.5% (additional fee) fee to miners (excluding the amount they exchange to fiat) whenever their addresses where used for an exchange transaction. Their (backup miners) limited to 6 month contracts.
Topic: Where do Exchanges get BitCoins ? - page 2. (Read 2071 times)
I think they earn the coins by buying it from a miner, or maybe they mined it themselves. But I think, they probably buy it from someone.
the Exchange is a place to do a deal that can be done by everyone. And exchanges have people who want to buy and sell well at the site of Bitcoin/all digital currencies. All such exchanges already exist in economic theory and some exist in a mathematical theory, so if you want to learn about the Exchange you can discuss it to economists in order to gain maximum knowledge and can start Exchange
I believe bitcoin exchange have some investor that backup the exchange with so many funds,and exchange give back that funds with profit from prce margin or fee of trading.
On the other end of the trade is another bitcoin user who wants to sell bitcoin, i thought this was basic economics 
i'm sure everyday they're buying and selling bitcoin as their service is exchanger, they have so many bitcoin as their stock and a ton of money also
and it's how you make an exchanger service
and it's how you make an exchanger service
exchangers are a business just like any other business, so they need to have some kind of starting capital in the first place so they buy it somewhere and start with that. and from then on they will only survive on their investment (their exchanger is their investment) and earn through eachange and the fees.
Bitcoin users get Bitcoins by exchanging them for fiat at exchanges but where do the exchanges get bitcoins from ?
This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !
Exchange deduct fee on each transaction taking place on their platform.Every time you sell,buy or withdraw your coins,they deduct a fee,thats how they get bitcoin.They also make profit due to the price difference This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !
They either already have mined them back when they're so easy to get, but mostly exchanges get BTC from sellers. They pay actual fiat for the seller's coins, with a commission, then they would sell it to the buyer.
They don't. Most of the figures you see around the landing pages are only robots. My friend runs a pretty famous exchange and he said that to me. The exchange runs on coins stored by other members which are manipulated with varying rates and then the service charges. Most of the coins stored in exchanges are of the users and not the exchange itself.
Bitcoin users get Bitcoins by exchanging them for fiat at exchanges but where do the exchanges get bitcoins from ?
This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !
exchange get profit from fee of transaction and margin of trade altcoin and bitcoin,but so far i dont see yobit campaign wallet is dry,yobit have strong funds,they have so many users and also have dice game. This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !
It takes a very substantial sum of money to launch an exchange. Marketing costs, beefing up security of the servers... It doesn't change things much to add the purchase of, say 50 BTC, from another exchange to begin operations.
i doubt that it is enough to have only 50 bitcoins for the very beginning of an exchange in my opinion because there might be people who would like to buy way more in the beginningalso the exchanges definitely buy their first bitcoins from other exchanges or just mine it for the start themselves though they most probably dont do that any more as mining isnt profitable
I believe exchanges mine bitcoins during the initial days of launch. Only after that exchanges multiplies with the trading services.
It takes a very substantial sum of money to launch an exchange. Marketing costs, beefing up security of the servers... It doesn't change things much to add the purchase of, say 50 BTC, from another exchange to begin operations.
i doubt that it is enough to have only 50 bitcoins for the very beginning of an exchange in my opinion because there might be people who would like to buy way more in the beginningalso the exchanges definitely buy their first bitcoins from other exchanges or just mine it for the start themselves though they most probably dont do that any more as mining isnt profitable
Didn't that Tim Draper guy buy his silk road coins to kick off the funding for a new exchange somewhere?
Exchanges get Bitcoins by having people buy and sell on their site, or, if the site sells Bitcoin directly, chances are they buy it from other exchanges or also buy from their users, and take it and aim to sell it.
There is a lot of math and economic theories put into exchanges, and there are teams of people running them at all times.
There is a lot of math and economic theories put into exchanges, and there are teams of people running them at all times.
It takes a very substantial sum of money to launch an exchange. Marketing costs, beefing up security of the servers... It doesn't change things much to add the purchase of, say 50 BTC, from another exchange to begin operations.
Bitcoin users get Bitcoins by exchanging them for fiat at exchanges but where do the exchanges get bitcoins from ?
This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !
This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !
something like yobit buys bitcoin in first place from another exchanger so they have some initial bankroll to start then they start their service, at least they should do it this way.
then they have more bitcoin from what they earn through fees and what they hold from user's investments.
yobit goes dry because they are not managing things correctly and they don't have enough trades daily.
Bitcoin users get Bitcoins by exchanging them for fiat at exchanges but where do the exchanges get bitcoins from ?
This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !
exchange can control bitcoin price on their price movement,bitcoin price manipulated with profit purpose,not big different price,but its profitable,also they get profit from fees,imagine if every 1000 users taken fee 0.0002 each day,its big profit. This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !
Bitcoin users get Bitcoins by exchanging them for fiat at exchanges but where do the exchanges get bitcoins from ?
This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !
The exchange gets bitcoin from the fees they charge per buy and sell order in this case yobit charges 0.2% worth of fees even the percentage is low if you combine those fees itll gonna be big like the fee we use when we send btc. This question came to my mind after frequent cases of YoBit's Signature Campign wallet getting dry !
miners dump on exchange also, so they have coins from them, if you consider 1800 coins dumped per day this is a lot in just a single month, imagine one year
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