Bitcoin Forum

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 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.

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


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.

He can't send money from your wallet just by knowing your wallet address, mate. Your wallet address is the public address or key, you use to receive funds. To send or access your money, you use private keys. Since he doesn't have them and you do, he can't get into your wallet. Just keep those keys safe, and your Bitcoin will be secure.

No he/she can't, to move a funds from one address to another you need full access to the wallet meaning he/she need youre private keys first
All he can do with the address that he has is to check what transaction is going on with that address, he can see where you send funds, how much money is going in and out
here paste your address and see what transactions you have made in the past.
https://www.blockchain.com/explorer

It's a No...
You're the only who has access to your Bitcoin, except of course maybe your account is been compromised, or you shared your wallet secret phrases with him, but if you didn't , then you're sure that your funds are safe and can't be accessed by either your friend or someone else.

And if you're concerned about your Bitcoin's safety and security, perhaps this thread may be of help to you https://bitcointalk.org/index.php?topic=5312045.0


Yes, and this helps maintain transparency in the Bitcoin Network, although it might look like this feature  makes Bitcoin users not to enjoy complete anonymity and make Bitcoin transaction traceable and every man's business. Although there are some anonymous wallets that are not easily trackable even when you have the wallet addresses.

And OP you made a little typo error in your statement.

If you are in control of the private keys then you are the only one who can withdraw. If you use something custodial like an exchange account then anybody with your login information would be able to access your funds.

Just don't get duped into disclosing your wallet backup phrase and you will be fine. There are many phishing scams looking to take advantage of newbies.

Bitcoin transactions with at least 1 confirmation are irreversible.

You can give a Bitcoin address to anyone and that is how they can send you the funds but only a person who has the private key associated with that public address can access what's in it.

Technically, they can reserve the transaction by having 51% hash power of total bitcoin mining which will cost millions and billions of dollars so the more the confirmations the more likely it's not possible to reverse.

@CupCakeHugs007: What are you up to? I read your post history, and it's filled with big red flags: trading bots, youtubers, links to potential scam sites, high interest wallets, trading suggestions, staking for high interest, crypto signal providers and recovery services. Now it turns out you don't know the basics about Bitcoin.
That leaves 2 possibilities: either you're very gullible and an easy target for scams (and spreading the word about them), or you're up to no good. Let's say it's concerning.

Nobody buys a Newbie account without earned Merit.

There's a third = someone bought the account.

Trying hard to figure if their are reasons to buy an account from a newbie.

Can't come up with any good ones but I will ponder on this a bit more.

This is why you need an bitcoin (public) address to give it to those from whom you expect payment.

If you're a little paranoid (although you're probably new to this area with little to no knowledge if you're asking this question), you can transfer bitcoin to another btc address by first generating a new private key (don't show it to anyone). If this helps you worry less about this issue. :)

Laziness, ignorance etc., finding a reason for some things people sell is too much for my taste.

Bitcoin transactions once confirmed are irreversible, there’s no way that person can undo the transaction. It’s impossible for anyone to access your bitcoins through your bitcoin address. Your bitcoin address is similar to a bank account number, it’s only a channel for receiving bitcoins. The only difference between the two is that your anyone can look up your bitcoin address and see all the transactions you have made with that address. That’s why it’s recommended you use a wallet where you can generate different addresses.

I understand your concerns. But you don't need to worry. As long as the person only knows your wallet and does not have the data to access it, in this case the wallet password / seed phrase / private key, then he will not be able to access it. Whatever the reason, you should never share this important data with him or anyone else. Therefore, it is important to maintain privacy and security of important data for wallet access and do not trust anyone, especially people who request this access. Never, for any reason.

This is the kind of questions that google will answer instead of bringing same to this forum because it is obviously a low level question per say. But since there is a question, there must be an answer and some persons have answered you above. No one withdraws your money from the fiat bank using your account number only.


It is fine that you included that if the transaction is confirmed. When I was a newbie, the statement that bitcoin transactions are irreversible nearly decieved me not until I realised that atleast 1 block need to confirm.

You have asked a very important question which many newbie in cryptocurrency may not be aware of or know what it actually means to have access into someone’s account and withdraw their money. Know the difference between wallet address and seed phrase/private key. The name private keys should make you aware that it is not something that needs to be public but should be known to you only. If someone does not have your private keys or seed phrase, they can’t have access to your account to withdraw your money. Don’t ever disclose that to anyone and money can be deposited into your account without given them your seed phrase but you can only withdraw it when you have access to your seed phrase/ private key.

No, that's not possible, your wallet address cannot serve as a means of stealing away your coins, if not, all of us would have also been a victim, make sure you you don't expose your seed phrase to anyone to see, then also make sure that you don't allow someone else to have access to your device you're using for wallet related apps, if they got hold of your device, they may see where you store your keys or make any transaction in your absence and they are irreversible once done.

If you've got the private key to the Bitcoin wallet the funds were sent to, you're the only one who can take 'em back out.  The person who sent the money in the first place wont have permission anymore once it leaves their wallet.  Your private key's like the key to your house - without it, no one can get inside your Bitcoin wallet except you.  So you gotta keep that private key locked down tight if you wanna make sure you're the only boss of your crypto stash.

Most of the people who buy a forum account already know one or two things about the forum, i say so because they are buying the account so they can use it to participate in signature campaigns, so they are not really ignorant and won't buy a newbie account with zero merits. They cannot also be so lazy to understand that they can create a new account for themselves if they want to start from scratch, rather than buying a newbie account with no merit.

Have not come across any news regarding someone taking another person's Bitcoin or any other cryptocurrency with the public address. The only one I have came across or let's say I know very well is when you give our your private key, or let's say you mistakenly input your private key 🔐 some where for security purposes not knowing you are exposing it to Hackers. This is the only one I know that you money can be taken.

Yes I agree with you, people who buy accounts have understanding of the forum , the reason for them buying accounts is for the merit. A total strangers that has no Idea about the forum can not just buy account in the forum. People buy  account for good reason for them that will benefit them in the forum, these are people who already have information and knows the forum very well.

I want to ask you that did you gave him your wallet private key or only the public address? It's a very easy thing that How can he withdraw btc from your wallet if he doesn't have access to your wallet. Already, many people have given the answer, but I am still saying that once the confirmation of the Bitcoin transaction is done, you can never withdraw money from that wallet until you know the private key.

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.

@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.

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.

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.

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

• Irreversible transactions (https://en.bitcoin.it/wiki/Irreversible_Transactions)
• How many Bitcoin confirmations is enough? (https://blog.lopp.net/how-many-bitcoin-confirmations-is-enough/)

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 (https://www.youtube.com/watch?v=AcrEEnDLm58)

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.

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).

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


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.

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.

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.

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!

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.

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?.

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.

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.

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.

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.

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?

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.