My question is about the possiblitiy of going overdrawn by mistake if account is hacked

0

I am new to crypto currencies and wondered if ones online wallet is hacked and coins stolen could the hacker make you go overdrawn by spending coins you don't have? Many thanks

John Dean

Posted 2017-11-12T08:35:44.470

Reputation: 1

Question was closed 2017-11-13T01:37:45.283

Answers

1

You can never spend more coins than a wallet controls, there is no 'overdrawing an account' in bitcoin. You either control the keys that can spend some coins, or you don't.

chytrik

Posted 2017-11-12T08:35:44.470

Reputation: 10 276

Many thanks is that the same for all crypto currenciesJohn Dean 2017-11-12T09:29:27.380

1There are a large number of cryptocurrencies out there, I do not know if that is the case for every single one of them. That said, if a cryptocurrency defines network consensus in the same way bitcoin does, then you cannot have a debt on an account.chytrik 2017-11-12T09:53:43.410

@chytrik is right, there is no way to have an overdrawn withdrawal on your account.Hollossy 2017-11-12T10:44:00.600