Someone Deposited Money Into My Bitcoin Wallet. Can He Withdraw it? - page 3.

hosseinimr93

legendary

Activity: 2380

Merit: 5213

Bitcoin transactions are irreversible and if the transaction is confirmed, that's final.

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

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

No.
To move fund from an address, what is required is its private key.
Take note that all bitcoin addresses that have received bitcoin are public and if it was possible to move fund just with knowing the address, bitcoin would have no value now.

It may worth mentioning that anyone who knows your bitcoin address can check your transactions.
So, if you care about your about your privacy, you shouldn't reuse addresses.

Cantsay

hero member

Activity: 700

Merit: 541

Bitcoin Casino Est. 2013

No, he can’t withdraw your money just by knowing your wallet address… it’s same thing as saying can someone withdraw money from my bank account if they know my account number? The answer is still No.

For him/her to be able to withdraw the money they’ll need information like your private key that will grant them access to your wallet that’s the only way for them to move your coin from your wallet, but since you only gave them your address then there’s no need for you to panic.

CupCakeHugs007

newbie

Activity: 21

Merit: 0

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?

Topic: Someone Deposited Money Into My Bitcoin Wallet. Can He Withdraw it? - page 3. (Read 357 times)