Wallet getting blocked? | Bitcointalksearch.org

aplistir

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Quote from: Wingo on September 12, 2017, 03:54:11 AM

I've never heard one of these. But maybe it can happen if someone reports you or if you did something illegal in your transaction, these are the only factors that I think can lead to your wallet getting blocked.

Illegal or not. Blocking a wallet where you hold the private key is impossible.
If you use some shady internet "wallet", where you do not know your private key, then that service provider can block your wallet, or steal your coins for whatever reason.

webmastax

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It's my first time to hear about blocked wallet. What kind of wallet is this. Maybe you just forgot the password or you have bad internet connexion.
I hope your problem will be resolved.

wymcel27

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yes it will if can't verify your account using your 2nd authentication security

Hannibalis

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NO i think wallets can't be blocked. Can you tell what your wallet?

Mahanton

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Quote from: Danielpeters on August 24, 2017, 06:47:46 AM

Is it possible for any reason that your wallet gets blocked? Huh

If its a wallet which you do have the full control of it then it can still possible to be locked when you do forget the password,phrase,keys,seed needed on accessing it but if we do talk about 3rd party online wallets or exchange wallets then its more really prone to be blocked if you did commit some violation into their TOS. If you do try to see there are lots of situation on which users do experience such blockage of their wallet.

wuvdoll

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Quote from: n4poleon on September 12, 2017, 02:19:52 AM

ofcourse, your ISP can block or throttle your traffic related to cryptocurrencies. Can you tell us more how is it blocked?

Internet Service Providers have full authority over your internet usage. Not only they can limit the scope of websites, but they also have a log of all your activities. They are providing you internet and the providers have full control over the services they offer. If someone can hide his activities, then he can do whatever he wants to openly.

joseafonso123az

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There are some wallets online that get blocked when you get funds from gambling( coinbase). Other online wallets have always the risk to disappear out of the blue, so it's better if you have a cold storage on your computer, or a hardware wallet. If you are just starting you could see this post here : https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151 where you will find out about wallets.

Sengoko

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Quote from: Danielpeters on August 24, 2017, 06:47:46 AM

Is it possible for any reason that your wallet gets blocked? Huh

It is not something that seems possible and even if it is possible, it only happens to just a few wallets, if there is any reason for you getting your wallet blocked, then its probably cos someone has access to your wallet or maybe you logged in with someone’s pc or phone.

Wingo

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I've never heard one of these. But maybe it can happen if someone reports you or if you did something illegal in your transaction, these are the only factors that I think can lead to your wallet getting blocked.

faithupgrade

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What do you mean by blocked? Maybe your internet service provider blocked your Bitcoin wallet? Is Bitcoin legal in your country? Or your account was hacked because you previously login from a philsting site?

Quote from: Danielpeters on August 24, 2017, 06:47:46 AM

Is it possible for any reason that your wallet gets blocked? Huh

KourtneyK

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I don't think a wallet can be blocked, you may not be able to access it if your passcode is incorrect or you lost it or something but other than that I don't think it could happen. What type of wallet are you using anyways?

KuromaYoichi

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I don't think that's possible if you own the private key but if you use some 3rd party wallet or online wallet where you don't have the private key, it's possible that you can't access your own wallet. Because of that a lot of people recommend not to use online wallet.

CryptoBeefy

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Depends on your wallet type. I believe certain online wallets can become blocked but you'd have to check the holders criteria.

Razick

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Quote from: GreenBits on August 24, 2017, 04:24:44 PM

Quote from: Danielpeters on August 24, 2017, 06:47:46 AM

Is it possible for any reason that your wallet gets blocked? Huh

There is no feature in the protocol that allows the consensus to "blacklist" or "block" a wallet. Well, you can get blacklisted technically, if your coins are coming form a wallet known to contain stolen coins. They could get confiscated when they arrive at a reputable exchange (they would be facilitating money laundering if they allow those coins to trade there). But unless this occurs, which is essentially an account restriction, you can't get your wallet 'locked' by a third party. You can lock access to your wallet, but the address would still be able to receive transactions. Just not make them.

Realistically though, there is no way that this is the case with OP. He is too much of a noob to get blacklisted by an exchange for trying to launder stolen coins. hahaha

With that said, this is good news. I don't know what exactly the issue is, but at least your wallet isn't actually blocked. Tongue

subSTRATA

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:^)

Quote from: ekoice on August 24, 2017, 07:09:17 AM

Quote from: Danielpeters on August 24, 2017, 06:47:46 AM

Is it possible for any reason that your wallet gets blocked? Huh

Yes,i too don't think that it could happen.Only one issue with the wallet would be that if you miss your private keys.But while using the wallets,we should first ensure that we really download wallet from the official website or not.For example,recently when hard fork happened and new BCC coins were created and many got free BCC coins equal to the number of bitcoins,one person has downloaded a wallet from Electrum cash.com which was later changed to Electron cash.com.He has lost his 40 bitcoins since it was a wallet from a fake website and instead,he should have downloaded it from the official website Electrum.org.

i think you missed the question, i think the op was trying to ask if his transactions from his wallet could be prevented from being processed, not if his wallet could be compromised.
and yes, it can. to my understanding, if big pools and miners set it so that transactions originating from addresses known to be contained in your wallet (technically, it would only have to be addresses containing the coins you are trying to spend in a particular transaction) then your transactions would not be processed. however, if a miner or pool not blocking your addresses were to find the block, and your transaction was included in that block, it would be processed. this (again, to my understanding. someone can correct me if im wrong) is the same idea that allowed the services that sped up transactions to work.

n4poleon

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ofcourse, your ISP can block or throttle your traffic related to cryptocurrencies. Can you tell us more how is it blocked?

Daimon88

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Quote from: Danielpeters on August 24, 2017, 06:47:46 AM

Is it possible for any reason that your wallet gets blocked? Huh

I don’t think its ever possible except there is a security glitch somewhere, your wallet is a personal stuff and I don’t think there should be any reason for it getting blocked since there is even no regulation in the bitcoin market.

Kaller

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Which wallet is it though?

Realistically, only an online wallet can get blocked. Your personal local wallet can never be blocked unless your PC is hacked, then obviously it could.

Josepht

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Yes, online your wallet can get blocked, if the provider decides to do so.

That's why you should always store as much of your coins as possible in a wallet where you are the only one that controlls the private keys. If you do that, no one can block you to send/keep/do whatever (with) your coins.

Razick

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If you run your wallet on your own PC, or locally, then there is no way it can randomly get "blocked". However, if it is on a 3rd party then it is possible that the site could shut down or get hacked and you would lose access to your wallet(s) there. This is why it is always recommended to only keep crypto on 3rd party sites for a brief time.

Topic: Wallet getting blocked? (Read 729 times)