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I noticed that to create a new account unless its created by another established account and you cannot do this by yourself if you have EOS from an exchange and want to transfer it out.

Is this true?

  • As @confuse00 said you need a creator. You can check this by going to jungle test net and create a new account. After creating a account if you check the history of your transaction you will find that 3 actions are called. you will get cpu and ram allocation by creator. – Nirdesh Kumar Choudhary Oct 13 '18 at 0:13
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Yes, besides the first account (eosio), each account needs a creator to sign the blockchain transaction that creates the account.

On networks where eosio.system has been deployed (e.g. EOS mainnet,) the creator pays for the computational resources necessary for a new account.

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