0

I have some ether in an exchange but when I searched it on etherscan.io it is showing

There are no matching entries

there I got to know exchanges have the balances on their own wallet address, but if my address(from exchange account) is not there on blockchain how I am able to send ether from outside my exchange account to the address?

0

By "exchange" I assume you mean a centralized exchange.

Exchanges do have real wallets. Whenever you deposit any asset to an exchange you send it to one of their (hot) wallets and after that the exchange's inner logic perhaps sends it somewhere further.

When trading inside an exchange it's all done inside the exchange's internal ledgers to minimize costs and delays. When you transfer assets out again the exchange sends them from a real wallet.

  • So if deposited ether to my own address(address got from the exchange) from outside so it will not be deposited to my address, it will deposit to exchange address. If that is true then how it directly deposited to the exchange address while I made a payment to my own address, Or first it will come to my address, and then they will move it to their address. – Rahul Sharma Nov 26 '20 at 9:43
  • Well that is all internal exchange business logic so it's hard to say for sure. Probably they generate you a one-time-use address where you send the assets (so that they know those are your assets) and then they forward the assets to a common exchange hot wallet. – Lauri Peltonen Nov 26 '20 at 9:46
  • I think they transfer from our address when we deposit from the outside because they have keys for the generated address(by exchanges). – Rahul Sharma Nov 26 '20 at 9:49

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.