So I just bought my first amount of bitcoin from an actual exchange instead of Robinhood, and using the blockchain explorer I noticed something interesting.
I used Coinbase pro, and my Coinbase pro wallet's address has zero transactions on it in blockchain explorer, with an all-time balance of 0.0 BTC. This worried me, but I went through with my plan to move the bitcoin to an external wallet anyway.
I did indeed receive my bitcoin on my external wallet, but checking blockchain explorer revealed that it was transferred from a different wallet address. That address sent bitcoin to 40 different wallets including mine in one transaction. According to the blockchain, my Coinbase pro wallet never actually had my bitcoin in it at any point.
I'm guessing that a lot of you out there already knew about this, but it was really eye opening for me, and I never heard anyone talk about this happening before. It really drives home the PSA we see all the time on here:
If you don't hold the private key to the wallet your bitcoin is in, you don't really have any bitcoin at all.
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