Bitcoin Forum

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

Are you sure about that ? i never heard about it and never had that problem. Even if there prolem like that, you still can sell it to another person and ask that person to send the money to your bank account.

Govts. can only ban exchanges and trading sites. But if you have your coins in your own wallet with private keys, then you still have the authority over those coins. And then you can trade them with people directly like on this forum itself, or maybe via social media like Facebook, Twitter etc. But of course, these methods are very complex and risky.

This sounds fake news and clear heresy. Can you please elaborate the the exact date or just a places it's okey to make your statements quite true. To make your question attractive maybe you can add the specific governments that freeze crypto.

Gov cant do thing like that, can you tell us wich exchanger you see that ? and for what reason ? If you are some criminal who use cryptocurrency for money laundring ofc gov can freeze your account, if not gov cant.

Govenment can only ban exchanges that they control and also banks, I still believe this action will increase the amount of trade that happens through P2P exchange, people should not forget that there is increasing in number of discentralised exchanges in the space and this will continue to grow in number

It seems that these frozen accounts have received black money.

There is no such concern in general exchanges and transactions.

Basically, the government freezes exchangers, and your personal money can not be taken away, there is still no such technology. And there already your business can be deduced through exchangers in other country or through people having thrown on their purse and having received for it cash. All methods are complex and risky, but others are not.

AFAIK those are the exchanges accounts and not the users accounts. But if you are worrying that your bank account will be frozen too then don't transfer your withdrawals through a bank account. You can transact with someone personally and have an hand-on-hand transaction (peer to peer).
That can make you sure avoid the possibility of your bank account to be freeze.

It can't be happened! The governments cannot just appear and shut down the withdrawing accounts! They don't have reason to do that and if they do have reason as the project harms the governments, the team project must have known that and they must have done everything to prevent such a dangerous action happens. So please don't worry and keep doing your jobs ;)

I have never heard of state-controlled crypto exchanges or wallet accounts. The Blockchain was established as a decentralized environment. Neither legitimate regulator nor any legal framework can freeze your accounts or withdraw your savings from your wallet accounts. I think it's better if you share the source you mention about here. There is some kind of misunderstanding here.

I'm not sure even that there is such a technical possibility. Many governments are holding discussions about giving legal status to crypto, but I have not heard about direct blockages.

goverment cant freeze crypto account

The best thing to do here is simply not cash out. Blockchain technology is far better than banking, without all the restrictions and slowness, so it's just a matter of time before you can buy things everywhere with BTC and other coins. Hopefully issues such as the one you raise will be a thing of the past soon.

then it is the issue with the country you live in because not everywhere is like this. in facts most banks are happy about their customers using their services and paying lots of fees to them for transferring money to buy and sell cryptocurrencies. they have increased their revenue.

and if you are facing such problems then maybe it is time you think about using decentralized way of trading instead of using your corrupted banks.

Rather than saying about some governments and it may better to call them all bankers. I remember some big bankers in US already banned those credit card accounts that related to the buy and sell cryptocurrency activities. 

There's a lot of way to the rome. did you remember what already happened when china are halting all of chinese exchange sites?
They were moving towards another area.

Crypto freezing withdrawals? Seems impossible, because Government cannot override the operation of the businesses, like in America, Governments are controlled by Billionaires and Businessmen so there's no point why they can control people's assets. The real thing is in the above is the people and everything in it and the government is always under but the people hence nobody cannot control the assets but the owner itself.
Even in China, it's possible that government can freeze their bank accounts but never their crypto wallets.
But I think China is already the People's Republic that's why they can no longer touch their citizens assets. In China today using Blockchain is the only illegal but if you do have transfered your crypto into money by keeping it in the bank then that's OK. Accessing Cryptocurrency related activities are only banned in China but nothing more.

Here in my country, there seems to be no problem at all in withdrawing cryptocurrencies, I just recently withdraw from my account and I did not encounter any problem. I think it is case to case basis depending on which country are you. Every country has their own set of policy and yes they have the capacity to freeze accounts.

There is no chance of that especially after the cryptocurrency hearing in US senate, world and the governments seem to start accepting cryptocurrencies and all the hurdles will slowly fade away. We have a bright future mate.

i think it won't happen esp. now that US conducted senate meeting talking about bitcoin and supports it

If crypto business is illegal in your country, then the government can ban all crypto exchanges and there bank accounts. And if you are also involved in crypto trading, then there are possibilities that they will freeze your bank account too. I think if all your coins are kept in Myetherwallet which is protected by the private key then you are safe. And last if you ask how to withdraw them, the best option is to transfer your funds to your friend account, where crypto trading is legal. And after that transfer your all fund to your account from your friends account which is legal.

why the goverment freeze crypto accounts? goverment can closed exchange or banned ICO because of sec. but they can't freeze ones account though. well if your goverment do that then withdraw all earnings and say goodbye to cryptoworld.

Obviously, some people are fund of generating fake news, probably by not hearing things well or just wanting to spread FUD, while some will just gladly grab the news and start acting on it, which is what the OP is presently doing.

How would you say you saw where this is done when obviously I can bet my last card that he just heard it and that is just simply how they mislead other people ? Anyway, in such situation, imagining it could happen, and then it is best to go the P2P way or just move out of the shithole country.

I am sure this is just a mere speculation and there is nothing like this ever going on anywhere. Even in places where there is embargo on cryptocurrency, exchanges are not even available. However, P2P platforms are there like localbitcoins, so anyone in a situation like this can just decide to make use of platforms like this or rather just take all the bitcoin they have and move to a sane governmental system.

I have not seen anywhere that cryptocurrency withdraw accounts freeze by government and I am not sure I have heard of such incidents except for some regions where there is a huge clamp down on cryptocurrency with attack on exchanges. But why on earth will my government want to freeze my account when I am not breaking any rule or I am not in the era of an autocratic system?

In our country, I heard that there are some accounts that have been freeze or hold because they are questioned that where is the money coming from, I heard also that if they have a proof where the money is coming from they can withdraw it. I don't know if the other countries are this.

Just as simple as that and in that case where exchanges are banned, the user will not even have a way to cash out but banning accounts or freezing account of crypto users is one thing I have not heard and any government that will do that should even be sued, unless of course it is not a democratic system of government. Even outside this forum, there are still some platforms where you can do direct transaction without going through exchanges, so I see no way government will even be able to trace such transactions.

I have never have never seen, neither have i heard where government freeze any crypto account. I do not think it can work that way. Well, aside the fact that the government of a particular country or state suspects that an individual is into fraudulent activity(s), then in the cause of investigation, the account of such person might be freeze (and that should be the account domicile in a physical bank) and not to freeze an account purely meant for just crypto.

Most of the time this is just a guess because there is no government that limits the revenue of cryptocurrencies, but if you receive black money, then the government are entirely at risk of freezing your bank account.

your question is indeed big, but it doesn't call for any form of panic. I feel a government can only freeze an account depending on the engagement of the bearer of such account. Cryptocurency is a digital currency and not the physical money you see. You own your bank and you control it, so no government can freeze what you control.

+1. The main feature of crypto is that nobody can get access/block/freeze your funds. You have full rights and freedom to do whatever you want until you and only you know your private keys.

this is also what I'm worried about. don't let this happen. but can the government freeze cryptocurrency withdraw accounts?

Don't  spread a humor like this  government has no power to do that except totally banned of crypto in our country  you have your access for your wallet are  you saying that the goverment will hacked  all those wallet crypto is not just like a physical bank it can't freeze by the government it self

I have seen some banks stopping people from buying crypto, but not withdrawing crypto to fiat.
If they are doing that and it is across a whole country, so there are no banks that let you withdraw, then it is certainly difficult - other ways to convert to fiat are risky. I think there are going to be some crypto projects soon that let you convert to fiat, so probably best to wait.

Get someone from other countries or the best thing to do is to have someone who can have your bitcoins liquidated in other countries,best choice would be the people in venezuela where cryptocurrencies are legally accepted nationwide.There are some governments that are not strict with the cryptocurrencies you just need to search it,or you can get some vacation to these countries and there you can liquidate your money.

Let's hope that this can not happen, so probably all the same it is worth keeping your deposit decentralized, that is, keep on different wallets and different services. I think this will increase your chances.

This is the first time also i heard about this problem. By the way, how can government do it? I am doubt.
I am so easy to handle this because my government not freeze. I sell my asset in local exchanger, and send local fiat to local bank.

For the meantime I guess the government hasn't any control in it, so they can't freeze crypto accounts. Maybe they could only have done this action if they were implemented a cryptocurrency as a legal matters in their government this time we can say that they have a control to the cryptocurrency.

Maybe you have seen governments (Banks mostly) blocking the accounts of trading sites dealing with the fiat currency. Which is obvious because crypto is not a small play now it's a billion dollar marketcap industry now. So banks are afraid of this now as cryptos are started to take away the control from them gradually.

me or no one else have heard of any such thing. Can you post a link of what you're reading so people can see for themselves. As far as I know it would be shooting yourself in the foot if government decided to ban exchanges that way. Either way, it's important to keep your alts spread out to make sure you're cover when those kind of things happen with or without government intervention.

So I also heard about such a situation from, for example, I just do not withdraw funds directly on the card and sell it ETH from hand to hand, that is he is me fiat and I send him ETH oh so we and stupid state

If Governments of any country, wants to freeze any Account at all, it shall be the Account into which they have the control . All I know is that Cryptocurrency is decentralized. Withdraw Accounts can never be freezed, so far the owner has the private key and its control to himself. However therefore, no any option worthwhile thinking about for now, not until a kind of regulation which of course remain much doubtful surmounted Cryptocurrency.

There is no way for a government to freeze a crypto account, but - or course, - it can make illegal to exchange it in fiat money.
But even in this case you can make a lot of things with your cryptocurrency (you can go in another country, for example, or to exchange them personally)
We'll see.

In theory you are right, governments can really stop cryptocurrencies, in the same way they can't stop crimes or illegal trades.
But if the use of cryptocurrencies become too dangerous, its use will be very limited just to illegal trades, and it will lose most of its value.

I think this is a thing that will not happen... Why should they do that and why should they get the permission to do that? I mean they dont have the right to do that so dont worry about these things! :D

Governments make big claim with the intent to scare population, but they don't have really any interest to block cryptocurrency.
They only want to control and to tax them. And I'm worried they will find a way :-(

Well, what to do, I think in that case, we will find another way to exchange their crypto-currencies for fiat money, yet no one banned normal exchange, is not it? I think that this is exactly the way we will act

They cannot freeze anything. Even if they try make "illegal" to change crypto in fiat money, there will be a lot of "unofficial" ways to solve the problem.
The web is too big to be controlled, and smart people will do what they want.
Only the average guy will be blocked.

I think is a really bad idea this to freeze crypto account by government decisions, we really would to fight if in a future an government will want to freeze accounts.

Actually almost all countriess in the world the government cant do freeze crypto accounts if you have your key, you ave your money, just keep it safe :)

They wouldn't be able to do it unless the country has some type of authoritarian rule. Most exchanges that we use are not even in the country that we live in. Is binance in your homeland? It would be difficult for governments to police unless they have a huge cyber-crimes unit

I think if it happens there is still another alternative way.

LOL the governments have fully controlled the bank and that was an important part from the centralized exchange site to receive wire transaction and to send any amount to the user's account.
If you can't understand about what it is and then you should try to take a look for some banks are halting any account that related to the cryptocurrency transaction. it may give you a lot  of lesson.