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Did I get it right about how centralized ethereum crypto exchanges work?

a newbie here, I have a question about how centralized ethereum-based crypto exchanges facilitate external transactions. Please, tell me if I understood the process right, and if not, could you please ...
carrotcoach's user avatar
1 vote
0 answers
195 views

What is the rationale behind lower minimum deposit & deposit fees for ECR20 Tokens vs Ethereum? [closed]

While examining the fee structure on Kraken I noticed the following peculiar pattern: Ethereum: Deposit Minimum: 0.05 ETH (approx. $61.99 at time of posting) Deposit Fee: Variable on-chain fee to ...
S.O.S's user avatar
  • 191
1 vote
0 answers
98 views

Recover Lost Funds from Botched ETH Deposit Without Access to Private Keys?

I'm using the wei approach (4 right-most zeros) as a marker to track user deposits on my site. In short, every user on the site is told to append a custom amount of "wei" to every deposit ...
S.O.S's user avatar
  • 191
0 votes
0 answers
734 views

Transfer Ether between wallets

I am using Kraken to purchase Ether and now I want to use some third-party wallet to withdraw Ether and wallet should provide an API to transfer Ether from my wallet to another wallet. MyEtherWallet ...
Vivek Sadh's user avatar
0 votes
1 answer
323 views

Why do exchanges maintain their own wallet?

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 ...
anon's user avatar
  • 203
7 votes
3 answers
26k views

Sent ether from wallet to bittrex, 12 hours later no balance on bittrex [closed]

So I made an account on bittrex and I created a hex address so I could transfer over my ether, I went into my wallet and sent 0.1 ether to bittrex, 12 hours later my bittrex account still shows a 0 ...
Toastslave's user avatar
9 votes
2 answers
1k views

How to handle ether deposits like exchanges do?

One of the core philosophies of Ethereum is decentralization. However, there are still many valid use cases to provide centralized wallet services, exchanges being one of the most well known examples. ...
randomguy's user avatar
  • 459