I guess you had enough answers with your thoughts and misunderstanding on how your funds are being transferred to the pool fund of the exchange. And that's not how exchanges are working like the banks, no interest if they will offer that type of service then they will be a lending center just like what some exchanges offer before.
There is no interest, of course, and they do not have a bank or savings account. Their game, they have the right to decide any matter, even if it is a lie. It is best to consider before investing in a safe and well-developed investment fund. Sustainability is not afraid of losing. 
Topic: Why exchanges do not pay interest? (Read 320 times)
Today I wanted to check my ETH amount in an exchange.
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
Why would they pay you interest?youre the one whos using their sites and youre the one who has the option to choose. What exchangers to use so its your own prerogative However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
And besides you will use their platform to gain profit for trading,becuse if not then just use wallets and leave the exchangers
just consider that interest as a wage earned by the exchanger. they will not pay us, and we should pay them. because we also really need them.
Today I wanted to check my ETH amount in an exchange.
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
Exchanges are not banks. They dont hold fiat to run loans and investments. Instead they do distribute dividends of the crypto they offer that like NEO and airdrops. Also if you hold the exchanges token like binance's it has value like a stock since they burn a percentage of it and raises in time.
This is exchange you could not find interest in here. If you want to earn interest put it to a bank crypto where in they give interest to every storage of your coin in their platform. One site I know that offers interest is freebitco. I also participated in a campaign called tokenunion they also offer interest on your deposit.
I suspect you did not understand my point.
Let me try differently: THEY USE OUR MONEY TO TRADE FOR FREE!
Why normal banks PAY interest when they use your money,
but crypto exchanges don't?
Exchanges do not use your money like the way you are saying about interest on cryptocurrency. The cryptocurrency is your currency to keep in your wallet and they do not use it may be it is the price increase or decrease which made changes in your wallet amount. Besides this cryptocurrency keeps you away from interests and high fees on transactions as we deal with banks they charge us with higher fee. Let me try differently: THEY USE OUR MONEY TO TRADE FOR FREE!
Why normal banks PAY interest when they use your money,
but crypto exchanges don't?
Today I wanted to check my ETH amount in an exchange.
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
LOL that’s why they tell you that cryptocurrency is not bank. You don’t expect what you’re seeing in bank to be the same thing you will be seeing in cryptocurrency exchanges and the rest of them. However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
If you want where you will be getting interest on your money then you will have to move it to bank and by the end of the month you will be getting interest. But I don’t really value those interest cause they don’t make sense, not much, unless it will be different in your country.
as fellow members told you exchanges aren't banks .banks have a big and experienced team that handle investments of customers in a way that can make good returns . in the other hand , most exchanges are run by inexperienced people (IMO) who can't risk their customer's money into any sort of investment and give them an interest.
The way to earn money on cryptocurrency exchanges is to make money through transaction fees!
They don't like banks can lend to investors!
So they don't have extra money to pay interest to investors in cryptocurrencies!
They don't like banks can lend to investors!
So they don't have extra money to pay interest to investors in cryptocurrencies!
bitfinex gives you negative interest if you hold your crypto long enough 
they are not banks, they are exchanges , does nasdaq gives you interest for your assets ? dont know but dont think so, crypto is like commodity but moves like assets. Exchanges stores your coins with a high risk of being hack, and they dont have certain incomes like a classic bank so do not expect them to give interest like them, in future they may have some surprise features similar to interest but only competition will show it to us.
they are not banks, they are exchanges , does nasdaq gives you interest for your assets ? dont know but dont think so, crypto is like commodity but moves like assets. Exchanges stores your coins with a high risk of being hack, and they dont have certain incomes like a classic bank so do not expect them to give interest like them, in future they may have some surprise features similar to interest but only competition will show it to us. 
Today I wanted to check my ETH amount in an exchange.
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
Exchanges are not banks so they don't lend your money to the public. Since they are not using your money for their own business, why would they pay you interest. Also once you keep your money into an exchange for a longer time (the time varies with different exchanges), they send the fund to their cold storage to keep it safe and away from hackers. That is the reason why you can't see it through ethplorer or blockchain ledger. But when you login, you can see the full amount and you can use that right away. Nothing to worry about it as it is a common practice among the exchanges just to keep your funds safe.
Well,it is a fair deal if actually they trade or invest your tokens ( which i have doubts they do), because they also spend resources in keeping your tokens safe or providing you with wallet service.
Today I wanted to check my ETH amount in an exchange.
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
You don't have a wallet at an exchange, you have an account. That address is a deposit address in the exchange's wallet. It works just like a bank. Your money is combined with everyone else's money.
I guess you had enough answers with your thoughts and misunderstanding on how your funds are being transferred to the pool fund of the exchange. And that's not how exchanges are working like the banks, no interest if they will offer that type of service then they will be a lending center just like what some exchanges offer before.
There are no exchanges that pay interest for your cryptocurrency in today's market conditions and i don't think they need to pay as they are not similar to the banking services where people get interest on the annual or monthly basis. I think if there is anything serious about interest rates then you can expect the interest charge to be levied in upcoming months.
Well the money i have in a bank are on a termless deposit.
They are there for unlimited amount of time.
Yes, the interest is the smallest one compared to 6 months or 1 year term deposit.
But there is still an interest.
I'm not a financial guru, but I know that banks use
it's customer's money to do all type of investments,
loans and trading from which the bank is making a profit.
To pay you for giving them this opportunity,
they pay you an interest.
If we accept that crypto stored in an exchange for unlimited term,
then it is very logical that you should receive some % of
the exchange's profit. You are basicly funding the exchange.
Yes, banks charge you for keeping you account alive, which exchanges don't.
However banks have physical offices, a website, ATMs, they issue cards, they pay taxes
they have 24/7 support and they insure your money.
And still they pay you interest.
Exchanges have just a single website with a support and no interest.
Hey, maybe it's an idea for a new era crypto exchange
If someone likes my idea, I'll be happy to share the rest
of my toughts on this.
It is you who are invested already. Why do they need to pay you anything else. Besides, you are going to a wrong idea here.
You should not keep those coins with them. That is the basic rule of one investor or a holder. Keep it in a cold wallet if you are going to leave it for a long time.
You get something with the fluctuation of the coin and it is the same with them.
They get just a little amount for those who will trade and it could be just the altcoin you are trading which you will pay for.
They will hold it too in case of a bull.
Both are at risk, so why should I pay you if I am the exchange. I will run out of money if I do that.
Today I wanted to check my ETH amount in an exchange.
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
The reason you did not see your coin completely the initial time you check was because you did not log in properly. Make sure you log in properly next time so that you will not accuse any exchanger wrongly. However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
I have seen a number of exchanges who began from selling their token on an ICO. That token is supposed to be a unit that entitles its owner for dividends. Blockbid is one of such exchanges and they are currently preparing for launching a beta.
Today I wanted to check my ETH amount in an exchange.
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
You don't have a wallet at an exchange, you have an account. That address is a deposit address in the exchange's wallet. It works just like a bank. Your money is combined with everyone else's money.
I suspect you did not understand my point.
Let me try differently: THEY USE OUR MONEY TO TRADE FOR FREE!
Let me try differently: THEY USE OUR MONEY TO TRADE FOR FREE!
You seem to missunderstand the whole situation.
1) Once you deposit to an exchange, it is no longer your money. It belongs to them. All you get is the 'right' to withdraw them (which might get refused if they get hacked, etc..)
2) They are not trading with your money. They are 'grouping' all of their small deposits from individuals to a few addresses containing the whole balance. It makes it way easier for them to manage it this way.
If you want to hold your money (thats what it is about crypto), then withdraw your coins and store them on an address where (only) YOU have the control over the funds.
On an exchange, it is NOT your money.
interesting question. may be in future exchanges may pay interest for us.
You can only get interest when the bank sector works with the money you have deposited and they get profits. that is where they give you some percentage of it.I do not think exchanges do work with the deposited funds hence no interest to be given out.
THEY USE OUR MONEY TO TRADE FOR FREE!
they do do that but not because of what you saw in your address. that part is an automatic system of taking all the funds they receive and pool it together and make payments to everyone who makes a withdrawal. these transactions are either directly to other users who withdraw or they are going back to their cold storages.
and exchanges aren't banks to give you profit. they don't ask you to keep your money there, they are services that give you the opportunity to trade. it is like going to the grocery store and keeping a lot of money there so that you don't have to pay when you buy groceries then ask the manager to give you profit!
The exchange is not a bank, it will not give people interest!
Some exchanges will give money to the holders and give away free cryptocurrency!
The main purpose of them so much is to attract people!
Some exchanges will give money to the holders and give away free cryptocurrency!
The main purpose of them so much is to attract people!
You probably should have read the terms and conditions of the exchange you are talking about, if it's clearly stated in there that holding your funds in their exchange will make you eligible for interests then you can legally complain about this else there's no point expecting any form of interest. Exchanges do not operate as banks anyway, do not expect much!
There are no exchanges that pay interest for your cryptocurrency in today's market conditions and i don't think they need to pay as they are not similar to the banking services where people get interest on the annual or monthly basis. I think if there is anything serious about interest rates then you can expect the interest charge to be levied in upcoming months.
Well the money i have in a bank are on a termless deposit.
They are there for unlimited amount of time.
Yes, the interest is the smallest one compared to 6 months or 1 year term deposit.
But there is still an interest.
I'm not a financial guru, but I know that banks use
it's customer's money to do all type of investments,
loans and trading from which the bank is making a profit.
To pay you for giving them this opportunity,
they pay you an interest.
If we accept that crypto stored in an exchange for unlimited term,
then it is very logical that you should receive some % of
the exchange's profit. You are basicly funding the exchange.
Yes, banks charge you for keeping you account alive, which exchanges don't.
However banks have physical offices, a website, ATMs, they issue cards, they pay taxes
they have 24/7 support and they insure your money.
And still they pay you interest.
Exchanges have just a single website with a support and no interest.
Hey, maybe it's an idea for a new era crypto exchange
If someone likes my idea, I'll be happy to share the rest
of my toughts on this.
There are no exchanges that pay interest for your cryptocurrency in today's market conditions and i don't think they need to pay as they are not similar to the banking services where people get interest on the annual or monthly basis. I think if there is anything serious about interest rates then you can expect the interest charge to be levied in upcoming months.
if i have only an account, how come i can check the deposits and withdrawals
without even logging in it?
Why the coins are withdrawed several seconds after that?
without even logging in it?
Why the coins are withdrawed several seconds after that?
The exchange generates a unique address for you to deposit to. Once you have deposited, your account is creditted with that many coins, and then the coins are transferred from that unique address to the exchange's main storage wallets. Similarly if you pay fiat in to a bank, your account is creditted with that much money, and then the actual paper money is moved to the bank's main storage safe/vaults.
Most exchanges don't pay you any interest on the assets you transfer to your account and not all assets pay interest or a dividend to holders
If you're wanting to earn interest from investing in cryptocurrency it's best to manage your own portfolio
You're better off not keeping your assets on an exchange anyhow unless you're trading with them
If you're wanting to earn interest from investing in cryptocurrency it's best to manage your own portfolio
You're better off not keeping your assets on an exchange anyhow unless you're trading with them
Today I wanted to check my ETH amount in an exchange.
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
I have never experience anything like this. Maybe you did something wrong with it? Probably we should try to see anything we did before assuming anything that could ruin the name of crypto.
I think this is done in order to be able to quickly exchange without creating a queue. You exchange on the stock exchange just numbers. But when you want to withdraw your coins completely, then most likely they will give you from the address where your coins were written off. Moreover, I think this is done in order to store all the coins in a cold purse for safe (perhaps this is an erroneous opinion)
I think exchange is a platform for transacting crypto currency not for storing your crypto currency, where you can buy or sell coins anytime. You can keep your coins in your wallet but you cant buy or sell as quick as you can do it on exchange, there are few coins or platforms that offer some benefits of storing your coins on their wallet like NEO stored on certain wallets can accumulate NEO gas, you can also get benefit of forks or airdrops by storing your coins on wallets. On other-hand exchange provide you better options for trading like limit orders, where you can put your orders as per your choice. There are many ways to manage your crypto depending on how often you trade and how confident you are trading by yourself without any support.
Today I wanted to check my ETH amount in an exchange.
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
In cryptocurrency there is no tax collected for us,so we can transact gaining or losing withour taxation is this not enough for you to be thankful because were free from tax.However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
So dont expect interest for the favor is only on both sides we have no tax,but we have no interests
Because the don't want to and didn't have to. they are not bank. Even in the conventional bank you have to deposit your money for enough time to get interest, otherwise it's gonna cost you because you have to pay administration fee every month.
if i have only an account, how come i can check the deposits and withdrawals
without even logging in it?
Why the coins are withdrawed several seconds after that?
I also have a bank account and i know that my money do not sit ina thick steel box.
They just withdraw it from a big pile they USE to make even more money,
for which they pay you interest.
So far nobody was able to tell me why exchanges use money without interest.
without even logging in it?
Why the coins are withdrawed several seconds after that?
I also have a bank account and i know that my money do not sit ina thick steel box.
They just withdraw it from a big pile they USE to make even more money,
for which they pay you interest.
So far nobody was able to tell me why exchanges use money without interest.
Today I wanted to check my ETH amount in an exchange.
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
You don't have a wallet at an exchange, you have an account. That address is a deposit address in the exchange's wallet. It works just like a bank. Your money is combined with everyone else's money.
I suspect you did not understand my point.
Let me try differently: THEY USE OUR MONEY TO TRADE FOR FREE!
Why normal banks PAY interest when they use your money,
but crypto exchanges don't?
Let me try differently: THEY USE OUR MONEY TO TRADE FOR FREE!
Why normal banks PAY interest when they use your money,
but crypto exchanges don't?
Cryptocurrency of choice drastically appreciates in value after purchase, your taxes won’t be affected until you sell if, even if you trade one coin for another denomination.
Today I wanted to check my ETH amount in an exchange.
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
Interest charges is for Banking Industry that's why many crypto currency built to people become convenient for processing through the help of new technology which is virtual digital system not to be suffered of so many charges like the said interest charges of bank.
Today I wanted to check my ETH amount in an exchange.
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
However, due to laziness to enter all the passwords and 2FA etc,
I decided to just check my exchange ETH address via ETH explorer.
I copied it and pasted in in an explorer and what I saw amazed me:
Balance: 0.00013284416 Ether
There should be atleast 2 ETH!
I checked the transactions below and saw that RIGHT after an incomming transaction happens,
another outgoing transaction empties my exchange wallet!
I logged in right away to the exchange and the coins were there!
Does anyone know, how come exchanges use our money for their own things
but they don't pay us interest? Or is there an exchange, which pays interest?
Jump to: