Lomaxxx Posted July 18, 2023 #1 Posted July 18, 2023 Hey guys, i got a quick question. When i take my LTC Adresse from stake and put it in blockchair/blockcypher it shows me a balance of around 13 LTC Coins. I have no balance on stake right now, so i am wondering how my stake ltc adress shows a balance. I asked in the support chat and after a little bit back and forth i got told Quote Please keep in mind that there is no connection between these. The amount you have on Stake is separated from what you can see there. Maybe i dont understand it, thats why i was trying to get an explanation how this comes? Support told me also that i have to subtract the LTC received from the amount the LTC spent and from this i will have the difference. But when i do this it doesnt match to. I should have an amount around 1600 USD when i do the match from the example. So how this comes that i got shown a balance on blockcypher/blockchain? Can someone explain this to me, so that i can understand this? Thank you
SatryBaal Posted July 18, 2023 #2 Posted July 18, 2023 Your LTC address on stake is not owned by you, it is owned by stake. The balance that you see on blockchain/blockcypher corresponding to your address is accurate. If you see 13 LTC on blockchain, it means that has 13 LTC in it and it doesnt mean you need to have 13 LTC in your stake wallet. When ever you place a bet, win a bet or lose a bet your balance on stake is dynamically updated to the outcome of the same. The final output of the balance you have on stake as your balance is the total or your wins, losses, deposits and withdrawls. For example, you deposit 1 LTC, you place a bet and you lose it. Stake will update your balance to 0 after your loss and deduct the total amount you lost from you account. That does not mean stake has to transfer that 1 LTC to another wallet because you already lost it. It can be on the same address.
Lomaxxx Posted July 18, 2023 Author #3 Posted July 18, 2023 Thank you very much for the clarification. I stopped the chat on the support, because i think they didnt had the time to explain it this way. I was just wondering why i see a balance when there is no at stake. Not that i am trying to claim the balance, i was just curious, because i am not an expert with crypto. Just know how to depo and withdraw and thats it 😄 Thanks again for explaining it
vicat777 Posted July 18, 2023 #4 Posted July 18, 2023 This is not your address, but the deposit address. If you do not have a private key, then the address is not yours.
Featured Comment
Archived
This topic is now archived and is closed to further replies.