Exchange Transfer Report: 11/05/2017 to 11/11/2017

in exchangereport •  2 years ago  (edited)


2017-11-12 Update: Big thanks to @isacoin who noticed some missing deposits from this report. A while back I excluded exchange transfers without memos to help avoid transactions which looked like exchange transfers but were actually transfers between exchange account owners (such as between @alpha and @blocktrades). By excluding transfers without memos, the report was missing a whole lot of valid deposits! This makes the deposit to withdrawal ratio much better at 2.24 to 1 instead of 7.74 to 1.

It's discouraging to realize this report hasn't been done accurately, but no one's perfect, and I've always tried to do my best to keep it as accurate as possible. I'm always open to correction and will continue to work at improving things.

I'm going to start a new deposit to withdrawal graph going forward based on this new information.

USD values are calculated per day via API feeds from Poloniex (for STEEM and SBD values in BTC) and Coindesk (for USD value of BTC). For the top 50 reports in USD terms, I take the average USD value for STEEM and SBD for the week using the daily average which came out to:

  • STEEM: $0.89878
  • SBD: $0.97239

Previous Report:

  • STEEM: $0.94657
  • SBD: $1.01445


Please see the first report for a detailed explanation of my personal assumptions related to what this data could mean (along with commentary on previous reports). What it does not show is people powering up, powering down, or if they are buying or selling on an exchange. It's just some interesting data dealing with transfers to and from exchange accounts.

Linked Accounts

hitbtc includes hitbtc-exchange and hitbtc-payout, includes freewallet, and openledger includes openledger-dex.

Previous Reports

65, 64, 63, 62, 61, 60, 59, 58, 57, 56, 55, 54, 53, 52, 51, 50, 49, 48, 47, 46, 45, 44, 43, 42, 41, 40, 39, 38, 37, 36, 35, 34, 33, 32, 31, 30, 29, 28, 27, 26, 25, 24, 23, 22, 21, 20, 19, 18, 17, 16, 15, 14, 13, 12, 11, 10, 9, 8, 7, 6, 5, 4, 3, 2, 1

Top 50 Accounts Transferring to and from Exchanges: 11/05/2017 to 11/11/2017

First included transfer: 2017-11-05T00:00:39+00:00
Last included transfer: 2017-11-11T23:57:51+00:00

----------------------------- Exchanges ------------------------------

@poloniex STEEM transfer total: -648,761.749
@poloniex SBD transfer total: -88,596.350
@bittrex STEEM transfer total: 1,141,742.478
@bittrex SBD transfer total: 129,435.889
@blocktrades STEEM transfer total: 287,356.189
@blocktrades SBD transfer total: 11,266.953
@openledger STEEM transfer total: 50,067.999
@openledger SBD transfer total: -4,303.785
@hitbtc STEEM transfer total: 610.698
@hitbtc SBD transfer total: 1,271.327
@changelly STEEM transfer total: 39,499.561
@changelly SBD transfer total: -1,253.168 STEEM transfer total: -5,682.329 SBD transfer total: 0.000 STEEM transfer total: -26,532.649 SBD transfer total: 0.000 STEEM transfer total: 16,240.565 SBD transfer total: -5.311

------------------------- Total Transferred --------------------------

Total STEEM transferred: -854,540.763
Total SBD transferred: -47,815.555
Total USD transferred: ($   814,542.43)

-------------------- Withdrawal to Deposit Ratio ---------------------

Accounts withdrawing: 2673
Average withdrawal amount: ($       581.69)
Median withdrawal amount: ($        17.98)

Accounts depositing: 1192
Average deposit amount:  $       276.96 
Median deposit amount:  $        58.30 

Ratio of withdrawals to deposits: 2.24/1


AccountNet Transfer Amount
1alpha:($ 322,663.33)
2dan:($ 146,501.74)
3renohq:($ 132,893.82)
4alot:($ 89,878.37)
5alittle:($ 89,878.37)
6smooth-a:($ 48,944.81)
7enki:($ 42,836.90)
8tamim:($ 39,186.82)
9ngc:($ 36,843.57)
10jwest40:($ 35,951.35)
11gavvet:($ 32,038.92)
12transisto:($ 27,797.26)
13newsflash:($ 24,665.98)
14mesuerdo:($ 23,593.05)
15amcq:($ 17,975.67)
16feruz:($ 13,907.39)
17craig-grant:($ 9,772.41)
18twinner:($ 9,036.51)
19korbit:($ 7,055.43)
20famunger:($ 6,914.90)
21pfunk3:($ 6,740.88)
22benjojo:($ 6,541.35)
23jaewoocho:($ 6,291.49)
24teamsteem:($ 6,111.73)
25ffcrossculture:($ 5,338.77)
26palejack:($ 5,302.89)
27jkkim:($ 5,154.81)
28gigafart:($ 4,899.69)
29xeroc:($ 4,761.05)
30danjgreco:($ 4,570.07)
31fatboy:($ 4,503.02)
32anyx:($ 4,487.85)
33teemup:($ 3,727.06)
34donaldtrumpfan:($ 3,715.57)
35virtualgrowth:($ 3,597.32)
36superremnant:($ 3,577.82)
37peacephilpanda:($ 3,572.90)
38themarkymark:($ 3,456.62)
39greatpath:($ 3,326.69)
40aksinya:($ 2,843.55)
41booster:($ 2,707.74)
42tguelzow:($ 2,622.64)
43davebrewer:($ 2,586.70)
44eco-alex:($ 2,427.61)
45timcliff:($ 2,426.72)
46ajvest:($ 2,312.68)
47norbu:($ 2,246.96)
48ikigai:($ 2,157.08)
49thecryptofiend:($ 2,113.94)
50deaddy:($ 2,110.24)


AccountNet Transfer Amount
1:$ 89,878.37
2muchfun:$ 71,902.69
3fminerten:$ 44,939.18
4solisrex:$ 36,525.94
5spas:$ 24,267.13
6czechglobalhosts:$ 22,500.50
7triplej:$ 19,459.89
8coolmnr:$ 16,729.35
9steps:$ 12,013.27
10slowwalker:$ 11,476.37
11tufkat:$ 10,695.53
12danbain:$ 10,129.72
13bwd57:$ 9,072.63
14noah326:$ 8,251.32
15sheppards:$ 6,839.15
16daniel82:$ 6,783.46
17albensilverberg:$ 6,112.86
18rockz:$ 5,779.86
19tradeqwik:$ 5,678.59
20cnts:$ 5,580.30
21honeydew2002:$ 5,378.72
22spectrumecons:$ 5,316.64
23msf:$ 5,245.27
24everythink:$ 5,132.07
25ibb:$ 5,026.72
26mwkm:$ 4,996.48
27anonymous.donor:$ 4,548.51
28imacryptorick:$ 3,818.40
29dollspoint:$ 3,602.97
30handmade:$ 3,571.51
31mhaebig:$ 3,361.91
32golbang:$ 2,895.75
33happyworkingmom:$ 2,891.13
34swam:$ 2,885.10
35kinbit:$ 2,697.24
36alexanderson:$ 2,696.33
37standingstart:$ 2,658.09
38noisy:$ 2,623.77
39rahulkagar:$ 2,616.24
40rudex:$ 2,584.25
41jarendesta:$ 2,525.59
42globalvanguard:$ 2,491.42
43nidin:$ 2,478.59
44double-u:$ 2,305.40
45rbacpa7755:$ 2,246.95
46uplus:$ 2,211.78
47fractalnode:$ 2,130.15
48chrislo2004:$ 2,104.51
49splus:$ 2,099.26
50judasp:$ 1,991.63


  • The withdrawal to deposit ratio is down from last week but still high at 7.74 to 1. Turns out, it's more accurately 2.24 to 1.

  • Over a million dollars heading out to exchanges this week. With the deposits added that were missing, it looks more like $814k

  • Seems @dan is topping out the cash out list at $146k this week. Actually, @alpha tops that, but that may not be accurate as I also see a transfer from blocktrades to itself as Steem Power (that's the blank deposit listed above) in the same amount as one of the transfers from @alpha.

  • Reminder, just because someone is moving money to an exchange, it doesn't mean they intend to sell. I had an interesting discussion about that at SteemFest last week. Some people move to exchanges for various long-term holding tax benefits. Strange, but that's what I was told.

  • The decline in people powering down next week is 36.51% in the green compared to the previous week.

Luke Stokes is a father, husband, business owner, programmer, STEEM witness, and voluntaryist who wants to help create a world we all want to live in. Visit

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how do you make these stats i found another deposit not listed by @muchfun

Thank you so much for brining this to my attention! Enjoy a full upvote (sorry, my voting strength is down a bit). I updated this report and will update last week's as well. A change I made a long time back to exclude exchange account transfers without a memo seems to be eliminating a lot of valid deposits when it shouldn't be.

It will be helpful to the community if you can keep updating the report.

I wrote some PHP code to interrogate the blockchain and it has been running well for over a year. Quite odd this didn't show up. I'll look into it. Thanks so much for bringing it to my attention.

Good work done

thank U

Great job from you my bud @lukestokes ...good that the deposite -withdrawal ratio looks better ...lets hope for more deposite in the near future.
In my recent post, I outlined reasons why people fail here and mentioned you there-feel free to see it. More success to you and keep up the good work.

ExceLLent Report!

ExceLLent post.

done plz upvote and reply msg vote

Keep reporting, @lukestokes

this is a great post
follow me plz

  ·  2 years ago (edited)

Interesting, I haven't ever heard of someone moving large chunks of cash to an exchange for long term holding. I'm curious how significant the tax benefits are compared to taking the risk of leaving a large chunk of your funds on a centralized exchange long term.

Guess we're always weighing risk/reward. Especially in cryptoland.

With whales continuing to cash out like this, the redistribution of supply continues on. With all the recent discussion about whales and what they should and shouldn't be doing, this can at least be looked at in a positive light in some way.

Excellent report! It's easy to follow. Sometimes other reports get quite technical and are hard to understand, but this one seem easy to follow :)

This is such a GREAT report!!
Luke, could i ask for your support on the promo steem initiative? I have written a proposal to consilidate the position of promo steem and move the initiative forward. hope it provides for quick, but interesting reading.

I look forward to checking it out, thanks! I want to line up some projects I may support with delegation via my witness account. I need to spend some time thinking it through though.

NO worries man! My main concern for now is starting the conversation, and seeing where witnesses, Steemit Inc. and community wants to take it from there. Regards to this report, I know a couple of guys who were planning on putting this together. So u have saved them some work! This report is so important! Please let us know should u ever run out of resource to put it together. We need it.

I've been running it weekly for over a year. :)

Wow! Detailed report you got there, I could only imagine the amount of hours put into such report. Thank you for sharing.

vote done follow me back and vote me for more votes

Best informations ever.
Let me resteem this post @lukestokes

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  ·  2 years ago (edited)Reveal Comment

Flagging for comment spam. Please. Stop.

it's her mistake.....but it's not fare

I am a little girl. So please forgive me Sir.

You are forgiven, and hopefully you have learned a lesson so it doesn't continue. If you continue, your reputation will go down and all of your comments and posts will eventually be hidden. This post may help as well.

thank you sir to teach me.

and remove your negative vote please sir