Please somebody enlighten me here.
Exchanges do not accept so-called third-party transfers when trying to fund a wallet.
But does that mean when I already have a wallet, say a friend who owes me money, could not send bitcoin to my wallet address?
If that was so, how is it then possible that hackers could send the stolen funds to their wallet address, as the stolen funds were of course kept under a different name?
Or how can people ask for donations by giving their wallet address, as I have a different name than the owner of the wallet asking for donations?
So what is the deal here if an exchange claims that third-party funding is not allowed?
Its all about depositing fiat from your bank account and there is no such thing called BTC from third party since no one can verify who is the owner of the address so exchange will never have such restrictions. And also you can withdraw BTC to your desired address but you can't do that with fiat and actually this is why we have cryptocurrencies.