Exchanges hold many other their clients BTC within joint addresses . Any deposit address that you use is a temporary holding address and can be moved around. As standard practice exchange hold 95-98% of their clients coins in cold wallets (multisig or SSS) and have 2-5% of their clients coins in a hot wallet to facilitate withdrawals where they process batch withdrawals from 1 or a few addresses for many of their clients in the same transaction
Crypto.com is an extremely sketchy exchange that has many red flags (such as extremely high withdrawals fees to avoid a bank run ) and many historical behaviors that might indicate they are insolvent or fractional so avoid that exchange.
It's a common misconception to believe your exchange account's receiving address is your address, and that the blockchain reflects your exchange account
But the balance in your exchange account does not correlate with that address on the Bitcoin blockchain
Its common for an exchange to keep the same deposit address for clients. That doesn't mean your Bitcoin are held there as they are often consolidated on other addresses.
Its extremely risky to leave your coins on that exchange. At most only keep them temporarily there. I am very familiar with the history and founders of that exchange and they have many red flags.
If it is indeed the case that you recognise all of the transactions associated with the address, then your Crypto.com account records (e.g. deposit history) should show the same.
However, this still does not mean that the balance of that Bitcoin address should match your account balance on the trading platform. To give a couple of simple examples:
If you withdrew any bitcoin from the platform, it almost certainly would have been sent to you from a different address, not the one you deposited to.
If you traded bitcoin for something else, the balance of that Bitcoin address wouldn't change, but you would of course see a reduction in your platform balance.
Scam Warning! Scammers are particularly active on this sub. They operate via private messages and private chat. If you receive private messages, be extremely careful. Use the report link to report any suspicious private message to Reddit.
Exchanges hold many other their clients BTC within joint addresses . Any deposit address that you use is a temporary holding address and can be moved around. As standard practice exchange hold 95-98% of their clients coins in cold wallets (multisig or SSS) and have 2-5% of their clients coins in a hot wallet to facilitate withdrawals where they process batch withdrawals from 1 or a few addresses for many of their clients in the same transaction
Crypto.com is an extremely sketchy exchange that has many red flags (such as extremely high withdrawals fees to avoid a bank run ) and many historical behaviors that might indicate they are insolvent or fractional so avoid that exchange.
It's not your address. It's an address in Crypto.com's wallet. A Crypto.com account isn't a Bitcoin wallet
Bitcoin is denominated in BTC, not $
But I've had the same address for years now and all the transactions on the Blockchain I recognize
It's a common misconception to believe your exchange account's receiving address is your address, and that the blockchain reflects your exchange account
But the balance in your exchange account does not correlate with that address on the Bitcoin blockchain
Its common for an exchange to keep the same deposit address for clients. That doesn't mean your Bitcoin are held there as they are often consolidated on other addresses.
Its extremely risky to leave your coins on that exchange. At most only keep them temporarily there. I am very familiar with the history and founders of that exchange and they have many red flags.
If it is indeed the case that you recognise all of the transactions associated with the address, then your Crypto.com account records (e.g. deposit history) should show the same.
However, this still does not mean that the balance of that Bitcoin address should match your account balance on the trading platform. To give a couple of simple examples:
If you withdrew any bitcoin from the platform, it almost certainly would have been sent to you from a different address, not the one you deposited to.
If you traded bitcoin for something else, the balance of that Bitcoin address wouldn't change, but you would of course see a reduction in your platform balance.
Scam Warning! Scammers are particularly active on this sub. They operate via private messages and private chat. If you receive private messages, be extremely careful. Use the report link to report any suspicious private message to Reddit.
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