Topic: Wallet getting blocked? - page 2. (Read 723 times)
I've never heard a wallet can be blocked, but it could happen only in the wallet online and has found a crime, save your private key safely, don't give your private key to a third person
Yes this is possible. A lot of people really are there not to help but instead to scam. So be careful on choosing what Bitcoin wallet you will be using. Make sure that it is trust worthy because they can easily scam people by poofing out of the picture taking all the Bitcoins in their accounts gone and be cashed out for them. They might say it is just blocked or something like that as their excuse but never believe that easily. If ever it happened, there will be a due process for it and you can sue them forthat scam and you have a strong position if you can tap on everybody who were scamed to join the filing.
Is it possible for any reason that your wallet gets blocked? 
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.
a bitcoin wallet is just a tool that generates a random number! you see it as a new bitcoin address and also it uses the keys it generated to sign a transaction which is in fact proving ownership of those transaction outputs and is the process of spending bitcoin.
none of these can be blocked.
what people are saying "blocked" is not a bitcoin wallet, it is an account with a third party (like coinbase for example) and that is not a wallet.
none of these can be blocked.
what people are saying "blocked" is not a bitcoin wallet, it is an account with a third party (like coinbase for example) and that is not a wallet.
thanks!
It depends what is the blocked means in your question. To my understanding it is possible that your wallet is blocked because you violated a certain rule. Like one of my wallet provider rules is not to engage your wallet in gambling, ransom, scamming or any illegal activities. That alone is a possibility of blocking your wallet.
This only happens to online wallet and exchange wallets. It is owned by a third party so they can block your access to it. But if you are holding your private keys, they cannot block your access. You can easily import your bitcoins to another wallet if you do not have access to your current wallet.
It depends what is the blocked means in your question. To my understanding it is possible that your wallet is blocked because you violated a certain rule. Like one of my wallet provider rules is not to engage your wallet in gambling, ransom, scamming or any illegal activities. That alone is a possibility of blocking your wallet.
Yes it could happen if you have an online wallet, I think I've read it in a thread here that it happened to him. I just forgot from which thread I read it from or if it was deleted already.
a bitcoin wallet is just a tool that generates a random number! you see it as a new bitcoin address and also it uses the keys it generated to sign a transaction which is in fact proving ownership of those transaction outputs and is the process of spending bitcoin.
none of these can be blocked.
what people are saying "blocked" is not a bitcoin wallet, it is an account with a third party (like coinbase for example) and that is not a wallet.
none of these can be blocked.
what people are saying "blocked" is not a bitcoin wallet, it is an account with a third party (like coinbase for example) and that is not a wallet.
Is it possible for any reason that your wallet gets blocked?
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 don't think so. But some shit can probably happen to an online wallet, if it's issued by a scammy third party
Is it possible for any reason that your wallet gets blocked?
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