what is the source of bitcoin for trading site like koinexcoinbase/etc...?

0

I understand sites like koinex/coinbase/etc.. credit bit coins when we try to buy bitcoins from them.

How do they (koinex/coinbase/etc..) get bitcoins to give it to users when they buy? are they doing mining and getting coins? or do they buy bitcoins from somebody who is mining ?

Senthilkumar Annadurai

Posted 2017-11-28T11:39:22.063

Reputation: 3

Question was closed 2017-11-29T07:00:54.773

Answers

1

No, simply they sell and buy bitcoins. I sell them my bitcoins and you buy from them these bitcoins.

Adam

Posted 2017-11-28T11:39:22.063

Reputation: 3 215

Select the answer if it helped. – Adam – 2017-11-28T13:37:29.103

Asked: 2017-11-28T11:39:22.063

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Active: 2017-11-28T11:47:56.063