Someone Deposited Money Into My Bitcoin Wallet. Can He Withdraw it?

HelliumZ

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

Since Bitcoin is deposited in your wallet no one can withdraw it while it is in your wallet. But if he gets access to your wallet, he can withdraw bitcoins from your wallet. Bitcoin wallets are usually given 12/24 words Seedphase, if someone steals them, they can withdraw your deposited bitcoins from your bitcoin wallet at any time.
But one thing in this case is that if your wallet is provided by an exchange and if you use the email or phone number of that exchange owned by someone else, then if the email or phone number is stolen, you can withdraw bitcoins from your wallet at any time.

Learn Bitcoin

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I can't believe this thread is already in three pages. The guy asked a fundamental question, and the discussion should have ended after the first few replies. What is new? Are we adding anything new to this thread? Aren't we repeating the same answer again and again? Do we read the post before we choose to answer OP? Or do we write for our signature?

You don't have to be offended because by saying "we," I included myself in the group. I saw Don Pedro Dinero has a thread where he was gathering people who do not read the first page before they write. But his thread is locked now. Shouldn't we refrain from posting once we see the question was answered?

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

TBH, I don't know if this is even a real one or a made-up story only.
Many already said in your thread that the sender can't get his Bitcoins back unless you are the one who will send it back to him.

Like what users are saying here, I'm also skeptical about your motives here because you are posting about trading bots. I mean why are you asking questions like this when you are into trading? It doesn't make any sense that you are trying to use trading bots, but you don't even know about the basics of Bitcoin, and Bitcoin transactions. Anyway, lock this thread already as many here already answered your question. If you have another question, use the search button, and don't make another thread again.

Jegileman

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

No, that money can’t be withdrawn, having your bitcoin wallet address does not mean they have access to your account. Only when you give out your private keys or seed phrase will the sender have access to your wallet. That is why it is necessary to keep what is private a private entity to your self and not disclose to anyone or the public. The seed phrase functions the same as the private key of the wallet.

Taskford

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

If you are worried if he can touch your balance then don't get stressed with it as long as he didn't have your private key or account password and 2FA since he can't withdraw the funds he sent to you. You are the one who can withdraw that so chill out and if you think its time to take that money out of your wallet since you are been stress because you don't know what to do or other factors give you headache much better to withdraw it then exchange to fiat so that you will live comfortably and then just grab new balance to spend on online thing once you learn a lot of things about bitcoin.

Odusko

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

No, he can't have access to your Bitcoin wallet just with your Bitcoin address since your Bitcoin address is a public address that you can send to anyone to receive Bitcoin through it, but anyone with your wallet private keys/wallet phrase will have full access and control over your wallet, you need to know the difference between both and know how to use and prevent yourself from every possible security risks.

Mr.suevie

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

A really funny question there , well since there's nothing wrong in actually asking a question I think the answer already given to you by other members would have cleared you on this particular thought, although am just curious if this was actually to be true, lots of people would have lost seriously lost their Bitcoin because someone address is just like your bank account number and just try to imagine what would have been the outcome if people can actually take your money by just knowing your account number?.

albon

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

What you're asking about is part of the basics and beginnings of the Bitcoin field. This question suggests that your experience in this field may be limited. I advise you to gain the necessary expertise and knowledge because, with this minimal experience, you could become an easy target for scammers.

Don't worry; no one can withdraw money from your Bitcoin wallet; you provide this public address for him to send money to you. However, please do not make the mistake of giving them your private key or recovery phrases. I recommend avoiding any transactions or involvement in deals until you familiarize yourself with the basics, such as types of wallets, common scams, and protective measures. Use the search button above to find topics that will help you.

Woodie

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

Great to have a buddy that returns what's due

But unfortunately if you are dealing with a person with the technical know how of crypto, worst case scenario here is when he/she sends the coins and acknowledge receiving your payment , then the worst they can do is double spend to try and not get those coins to you otherwise get the coins forcefully from your wallet is in possible..unless they have access to your private key(s)..

Otherwise nothing to worry about buddy, enjoy your coins and remember not your keys, not your coins!

Cookdata

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Not Your Keys, Not Your Bitcoin

Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

A wallet address is nothing without the private keys and also an empty wallet is nothing special even with the private keys if there is nothing locked on the public address. You have received the bitcoin in your wallet address, once you have seen a 6 confirmation on the blockchain, then rest assured that the transaction is not reversible and it will remain like that on your wallet until when you are ready to spend it, and please don't ever share your private keys with anybody or even the seed phrase because they will become a threat the moment you exposed it.

I hope you are also using a custodial wallet where you completely have access to the private keys, not doing that is not a safe practice. Make sure that your bitcoin is in your personal wallet where only you can have access to it, no third party, no custodial platforms because not your keys, not your bitcoin.

Stable090

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

With your wallet address, no one can withdraw money from your wallet. The only way a person can withdraw money from your wallet if you are using an exchange is when the person has the mobile number or gmail that you used to register on the exchange and the password to the exchange. If you are using a non-custodial wallet, then until the person has access to your private key before they can make a withdrawal from your wallet, that’s why we are supposed to properly secure our private key so that no one will be able to access it. But with your wallet's private key properly secured, your bitcoin is safe.

TimeTeller

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Quote from: robelneo on December 12, 2023, 06:54:30 PM

Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

OP is not someone so ignorant about how Cryptocurrency works I checked his post-history, and he registered on June 2023

And he had a post like this

Quote from: CupCakeHugs007 on June 27, 2023, 04:30:30 PM

I'm definitely not trying to sell anything. I just don't know, in reality, if a trading bot can make 5% a week on your investment. When a person watches Youtube cryptocurrency about trading bots, they make it sound like it's true. I didn't know a person could hijack a Youtuber. I guess I was hoping a professional could take a look at it and tell me if I'm being scammed. Because I was able to withdraw $10,000 back to my bank. If they were scammers, would they let me do that?

It very much contradicts his post here, he is not someone who just got into Cryptocurrency yesterday and posted this because he doesn't know anything about Cryptocurrency, he seems good at making up stories, his post history will always betray him.

That's a good catch though. So don't know the motive of the OP if his question is just to post or he has that kind of doubt?
Anyway, he will already get a lot of insights about the answers to his question just by reading the replies from other users.
This is also one good thing in this technology, if you are not very familiar how it works, you will feel lost in the process.

robelneo

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

OP is not someone so ignorant about how Cryptocurrency works I checked his post-history, and he registered on June 2023

And he had a post like this

Quote from: CupCakeHugs007 on June 27, 2023, 04:30:30 PM

I'm definitely not trying to sell anything. I just don't know, in reality, if a trading bot can make 5% a week on your investment. When a person watches Youtube cryptocurrency about trading bots, they make it sound like it's true. I didn't know a person could hijack a Youtuber. I guess I was hoping a professional could take a look at it and tell me if I'm being scammed. Because I was able to withdraw $10,000 back to my bank. If they were scammers, would they let me do that?

It very much contradicts his post here, he is not someone who just got into Cryptocurrency yesterday and posted this because he doesn't know anything about Cryptocurrency, he seems good at making up stories, his post history will always betray him.

nakamura12

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

It is not possible mate since you are the owner of the wallet and let's just say that your wallet is non-custodial wallet as it is the most recommended wallet compared to custodial wallets. I think you might heard or read somewhere about this phrase "NOT YOUR KEYS, NOT YOUR COIN" which is true. Anyway, that person won't be able to access the wallet unless you told him about your seed phrase or mnemonic phrase which is used to access the account. There are two things that you should know, public address is what you will use to receive payment or when you are paying someone and the seed phrase is what you shouldn't share to any or private in short. Take note, only those who has access to the wallet are the only one who can withdraw BTC from the wallet unless someone have access of your wallet either you shared it (which is not recommended or the wallet is compromised through hacking/phishing).

MegameSama

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Of course not my brother, to open access to Bitcoin you need a PC that has been given to you, hopefully you keep it in a safe place, unless you give the private key to him, he can access it and take your money. Unless you create a Bitcoin address from a scammer's website, there have been several cases where my friends have been tricked using the Bitcoin transfer method, indeed the Bitcoins came in, but on a website somewhere in the middle of nowhere. When you want to withdraw Bitcoin, the website asks for a certain amount of Bitcoin for verification or a fee, so that's how my friend was fooled. Hopefully this doesn't happen in your case.

tranthidung

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

It's now complete.

If complete means the transaction has a confirmation or some confirmations, it won't be reversed.

Quote

But can he now withdraw the money since he has my bitcoin wallet address?

He can not because you only gave him your public address. That sender does not have your private key so "not his keys, not his coins".

Bitcoin Q&A: Not your Keys, Not your Coins

SamReomo

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

If the transaction is complete and you have received the Bitcoin in your wallet then he can't withdraw the Bitcoin from your account. If that person asks you for your seed phrase or private key then never share those details with him or anyone else because he or anyone else will only be able to withdraw that Bitcoin from your wallet if they have the seed phrase and private key of your wallet otherwise they it's transferable by anyone other then you. I think you got enough answers on your thread and that's why it's better to lock this thread now.

2Pizza410000BTC

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Quote from: CupCakeHugs007 on December 08, 2023, 07:06:35 PM

Someone owed me money and he wanted to pay me in Bitcoin.
So I gave him my Bitcoin wallet address and he transferred the funds.
It's now complete.
But can he now withdraw the money since he has my bitcoin wallet address?

No one else can withdraw money from your wallet without your help. He doesn't have the ability to withdraw money from your wallet unless you help him. You are completely worry free as no one can withdraw money from your address even though your address is visible to everyone. I tell you for example we work on signature campaigns we get paid weekly if someone could transfer my dollars everyone would take out. But keep your wallet seed phrase very safe so that no one can steal it. You are completely worry free if no one can steal the wallet's seed phrase.

boyptc

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@OP that is a good payment term to you if you are also interested in investing in Bitcoin. As everyone have already told you.

That guy will not have anyway of getting or accessing your bitcoin because he doesn't own the private keys.

Now, your job is to keep the private keys and never show it to anyone. If you ever have saved it before making that wallet, do not save it on emails or any other cloud storages.

acroman08

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Quote from: |MINER| on December 10, 2023, 03:43:36 AM

I want to ask you that did you gave him your wallet private key or only the public address?

OP never mentioned anything about giving his private key to anyone, even on his other thread on Bitcoin Technical Support board, he didn't mention anything about it giving any private key to anyone.

@OP After reading your post history, I really suggest that you avoid trading bots or if you insist on using them, at least be cautious about it.

Topic: Someone Deposited Money Into My Bitcoin Wallet. Can He Withdraw it? (Read 357 times)