Not really true. You have to deposit your cash and/or your BTC into Bitstamp's a... | Hacker News

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ye on Nov 29, 2013 | parent | context | favorite | on: I'm the guy who bought 259684 Bitcoins for under $...

Not really true. You have to deposit your cash and/or your BTC into Bitstamp's accounts. Only then you can trade them. And you only get cash and/or BTC back when you withdraw. In between it's just a bunch of data being pushed around, no actual transactions (though they seem like transactions, they only exist inside Bitstamp's database).

wmf on Nov 29, 2013 [–]

I think damian2000 was making a distinction between an exchange holding funds on behalf of customers and an exchange that trades with its own money.

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