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Why no transaction hash on blockchain when buying crypto with fiat?

Binance

Cryptocoins Exchanges / Binance 129 Views

Hi! I bought BTC with fiat through credit card. The transaction was successful so no problem with that.

I just want to ask why can't I find the transaction hash on the blockchain when buying crypto with fiat, unlike when depositing and withdrawing cryptos? Does this mean that buying of crypto with fiat is not recorded on the blockchain?

submitted by /u/Comfortable_Drive170
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