Cryptocurrency Q&A
Can Ledger freeze your crypto?
Can Ledger freeze your crypto?
Nicola
Tue Jun 25 2024
|
6 answers
1321
Could you elaborate on the potential risks associated with using Ledger hardware wallets? Specifically, I'm concerned about whether Ledger, as a hardware wallet provider, has the ability to freeze or restrict access to my cryptocurrency holdings? I've heard of cases where centralized exchanges have frozen assets for various reasons, but I'm not sure if this is a possibility with a hardware wallet like Ledger. Is my crypto truly under my own control, or are there caveats that I should be aware of?
6 answers
isabella_bailey_economist
Wed Jun 26 2024
Public blockchains are inherently decentralized and authority-free systems.
Was this helpful?
247
54
GwanghwamunGuardianAngelWings
Wed Jun 26 2024
Transactions on a public blockchain are immutable and cannot be undone or canceled.
Was this helpful?
49
20
Margherita
Wed Jun 26 2024
They operate on the principle of decentralization, where no single entity or authority has control over the network.
Was this helpful?
310
26
EchoSolitude
Wed Jun 26 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that leverage the benefits of public blockchains.
Was this helpful?
383
63
SilenceStorm
Wed Jun 26 2024
This means that no authority exists that can freeze or retrieve funds, close accounts, or restrict access to assets.
Was this helpful?
150
54
Load 5 more related questions
