I came across this point while reviewing and thought I’d share it.
When you withdraw from an exchange, once the request has been broadcast to the blockchain, the exchange can no longer cancel it. It can only be canceled before it’s broadcast.
The irreversible nature of blockchain transactions is a benefit for the recipient: once a payment has received enough confirmations, you don’t have to worry about the sender reversing it afterward.
The coin mentioned above: $BTC , current price 81587.62, 24h -1.33%.
Did you know this already?
#BTC
When you withdraw from an exchange, once the request has been broadcast to the blockchain, the exchange can no longer cancel it. It can only be canceled before it’s broadcast.
The irreversible nature of blockchain transactions is a benefit for the recipient: once a payment has received enough confirmations, you don’t have to worry about the sender reversing it afterward.
The coin mentioned above: $BTC , current price 81587.62, 24h -1.33%.
Did you know this already?
#BTC