<p>No, when you buy Bitcoin from an exchange, it is not an on-chain transaction, the exchange simply updates your account balances in their database.</p>
<p>It only becomes an on-chain transaction when you either deposit or withdraw Bitcoin to or from a Bitcoin address, from your exchange account.</p>

CC BY-SA 4.0
2022-01-14T02:15:42.877Z
2022-01-14T02:15:42.877Z
ieatpizza
<p>I was wondering if I buy or sell something on the exchange if coins are actually transfered somewhere of if the exchange just changes values of what belongs to me.</p>

<transactions><security><storage>
Does an actual transaction happen on the blockchain when you buy btc/usdt?
itscoldoutsideman
# Does an actual transaction happen on the blockchain when you buy btc/usdt?

(Asked by: username_0 on 2022-01-13)

I was wondering if I buy or sell something on the exchange if coins are actually transfered somewhere of if the exchange just changes values of what belongs to me.

**Tags:** transactions, security, storage


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## 1 answers

### Answer by username_1 on 2022-01-14. Score: 2

No, when you buy Bitcoin from an exchange, it is not an on-chain transaction, the exchange simply updates your account balances in their database.

It only becomes an on-chain transaction when you either deposit or withdraw Bitcoin to or from a Bitcoin address, from your exchange account.


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