Cryptocurrency Q&A
Who does the money go to when you buy Bitcoin?
Who does the money go to when you buy Bitcoin?
Chiara
Tue Dec 17 2024
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6 answers
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When purchasing Bitcoin, I'm curious about the destination of the funds. Who exactly receives the money when I make a Bitcoin transaction? Is it directly to another individual or does it go through some sort of intermediary?
6 answers
Daniela
Thu Dec 19 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to these needs. Their services encompass spot trading, futures trading, and wallet solutions.
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InfinityEcho
Thu Dec 19 2024
Alternatively, there are instances where the bitcoin is initially transferred to your peer-to-peer platform account wallet.
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EchoSeeker
Thu Dec 19 2024
This account wallet is commonly a custodial web wallet, meaning it's managed by the platform.
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Sara
Thu Dec 19 2024
Once the bitcoin arrives in your peer-to-peer platform account wallet, you have the option to withdraw it.
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SamuraiWarriorSoul
Thu Dec 19 2024
Withdrawing the Bitcoin allows you to move it to a wallet that you have complete control over.
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