<p>I was checking my Binance Bitcoin address (where i have been holding some amount for last one year) on blockchain explorers, but it shows that the btc from that address was immediately spent within a few hours of transfer.</p>
<p>Does binance move all the bitcoin to another address and just maintain a balance of my wallet?
When moving these funds from my address to their address, does it not incur a charge to them for making this unnecessary transaction?</p>
<p>Fairly new to the cryptocurrency ecosystem and want to understand how things work.
Any help would be appreciated</p>

<bitcoin-core><wallet><binance>
Binance Bitcoin Address shows 0 balance on blockchain explorer
Shaunak Thakar
# Binance Bitcoin Address shows 0 balance on blockchain explorer

(Asked by: username_0 on 2021-12-29)

I was checking my Binance Bitcoin address (where i have been holding some amount for last one year) on blockchain explorers, but it shows that the btc from that address was immediately spent within a few hours of transfer.

Does binance move all the bitcoin to another address and just maintain a balance of my wallet?
When moving these funds from my address to their address, does it not incur a charge to them for making this unnecessary transaction?

Fairly new to the cryptocurrency ecosystem and want to understand how things work.
Any help would be appreciated

**Tags:** bitcoin-core, wallet, binance


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## 0 answers

