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RE: BTC - What comes next?

in #bitcoin7 years ago

Basically I took the total number of Steem in trade orders and compared the amount to balance of the wallet address I got when I did test withdrawal from that specific exchange. It obviously only works with currencies where both sender address and account balance are public information. Some exchanges have multiple wallets, so they can move coins between them if a mass withdrawal happens and they can't shutdown withdrawals for any reason.

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In exchanges where both Steem and SBD were available, the total of both currencies did seem to be enough even for mass withdraw, so it seems they have traded between them indirectly. It is also important to remember that the calculation does not take account already fulfilled orders where the coins are sitting unused in user balances. In these cases the exchange might keep the coins in deposit wallet or even some third unknown wallet.

It basically measures the largest single withdrawal the exchange can handle. It doesn't really matter if it is hot or cold wallet.

If there is multiple concurrent withdrawals where the total amount exceeds the balance of specific withdraw wallet, the exchange can safely split them among multiple wallets.

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