Can I prevent some people from withdrawing money from my account but allow them

[pornluver]

I created account at binance.com

The idea is I put .1 to .5 btc there. The account will be given to apprentices.

They can trade.

They cannot withdraw.

A way to do so is for me to control the email address.

Is this a good idea?

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[OmegaStarScream]

You can also enable 2FA for withdrawal If there is the option to do so. I know that Hitbtc have it but even with the email address only, that should be safe. Another method would be to build something using their API and limit the use for trading only.

[pornluver]

Can they withdraw if they don't have access to mail?

[OmegaStarScream]

Can they withdraw if they don't have access to mail?

They shouldn't be able to because most of the exchanges I use usually ask for confirmation through email so even If they type their addresses etc. they can't confirm the withdrawal without having access to your email.

[batang_bitcoin]

they can't confirm the withdrawal without having access to your email.

Unless you will press the confirm button mistakenly or accidentally when they tried to withdraw and you confirm it by yourself.

[NeuroticFish]

You can also enable 2FA for withdrawal If there is the option to do so. I know that Hitbtc have it but even with the email address only, that should be safe. Another method would be to build something using their API and limit the use for trading only.

I don't have yet account at Binance, but on the exchange I've been using, they were asked for the same 2FA as for login, and this would make the 2FA useless for OPs purpose.

And for OP, since the change you'll gave proper 2FA on that account is small, be prepared that somebody (hacker) will find a way to get some of that money of yours.
Also, if the "apprentice" traders can find some coins with very low volumes at Binance, they may even use them to make some "bad trades" with your money, by either buying from themselves some coins way overpriced, either selling to themselves some coins way underpriced. This is an indirect withdrawal and you may fail to prevent it.

[BTCtrader9]

Depends on the kind of exchange you're logged into.

My local exchange allows me to lock withdrawls using 2FA and sms lock but I don't think Binance and other popular exchanges allow that. So, you can look up for one, see if it's safe and then start using it for your purposes and share its details with the user you want to allow trading without the worry of him withdrawing your money.

[Hamphser]

Depends on the kind of exchange you're logged into.

My local exchange allows me to lock withdrawls using 2FA and sms lock but I don't think Binance and other popular exchanges allow that. So, you can look up for one, see if it's safe and then start using it for your purposes and share its details with the user you want to allow trading without the worry of him withdrawing your money.

This should really be always be checked first regarding on sites features when it comes to withdrawal if they do have any confirmation or not because we would able to find out if someone can able to make withdrawals or not. Seeing on the situation of op seems like email confirmation would be needed to confirm such withdrawal which means as long that confirmation link wont be clicked then no one would able to withdraw funds no matter what.

[drachman]

I created account at binance.com

The idea is I put .1 to .5 btc there. The account will be given to apprentices.

They can trade.

They cannot withdraw.

A way to do so is for me to control the email address.

Is this a good idea?

That can be enough to not allow them to withdraw the money, but I just have one question why are you doing this, they can trade in paper, you decide to give to them an amount of bitcoin to start and then they create trades in a piece of paper keeping track of the prices that way, then they can close their position anytime by selling in paper this is a great way to learn without having to risk any money at all.

[Mrskrill]

https://t.me/joinchat/FUetyEVdFxMixCH6i2-pZQ


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