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Topic: Where do Exchanges get BitCoins ? - page 3. (Read 2071 times)

hero member
Activity: 784
Merit: 500
April 22, 2016, 11:40:27 AM
#3
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 !
Exchanges that directly buy/sell from/to an user always buy low and sell high. Other exchanges just connect user's buy/sell call with that of another.
legendary
Activity: 1260
Merit: 1029
April 22, 2016, 10:56:30 AM
#2
On exchange user1 trades bitcoin for money that user2 has. You do not trade WITH exchange....exchange is just a place where youers trade.
hero member
Activity: 1162
Merit: 547
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April 22, 2016, 10:53:17 AM
#1
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 !
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