Post
Topic
Board Beginners & Help
Re: Someone Deposited Money Into My Bitcoin Wallet. Can He Withdraw it?
by
Cookdata
on 13/12/2023, 16:25:58 UTC
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?

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.