Quote from: prtty2gal2 on September 15, 2016, 09:14:58 AM

Quote from: davis196 on September 15, 2016, 07:58:59 AM

Quote from: CoinCarrie on June 16, 2016, 03:12:18 PM

Two that come to mind are Coinbase & Circle. I did a quick google search, possibly wrong terms. The information I got was useless. I am sure this has been discussed. If there is a good article/link on this it would be appreciated.

People who register accounts at these exchanges deposit bitcoins in order to

buy altcoins.This is how they get bitcoins,i guess.

If all the exchanges buy btc from Coinbase and Circle,then how Coinbase and Circle get their bitcoins?

Simple. They will get from miners. All the mining companies need to use bitcoins for the purpose of needing funds to maintain their mining farm, electricity cost would be one of biggest expense for them. Other than this Coinbase will be able to use/circulate wallet holders bitcoin similar to exchanges.

And the exchange getting the bitcoin for free from the miners?I don't think so, but I believe if the exchanger is already having some funds at starting their exchange site and later we will get more amount if there are a developer is wanna for sign in their coin into the exchange site and they also get their bitcoin from giving a tax for their users.