Gooday, please i want to know how to transform my non spendable bitcoins to spendable bitcoins on blockchain account for the sake of being able to spend them please someone help me out I'm lost. I dont know how to retrieve the private key?😪 I got the bitcoins from an account manager that traded for me and supposedly made a blockchain account for me, where all the money was being sent to but a non-spendable account. The broker used to sending the money was IQ options, i do not know what to believe but please, please and please i want those bitcoins to be spendable and usable...Please someone or anyone, give me a SOLUTION!!!... I have my backup phrases if that helps and to be honest I have an average knowledge of bitcoins. SOMEONE PLEASE HELP ME!!!
non spendable bitcoins
That usually means either
- a watch-only address in a cryptocurrency wallet
- an account with a custodial service with some withdrawal restrictions.
In either case, you are not the owner of those Bitcoins so far as the Bitcoin network is concerned. The watch-only address is a favourite trick of scammers/conmen. They like to set up accounts and wallets that look like they contain money but which, in a non-obvious way, don't give the victim any control over money - that helps them to trick people. The conmen then ask the victim for a series of invented special "release" fees or extra deposits.
Someone helped me trade
Usually a sign of a scam. Unless its someone you met in person in real life and have known well for years.
a trading account, IQ options ... an account manager that traded for me
Very often the sign of a scam
I'm pretty certain your money was taken by a scammer and not used in the way they claimed.
The only recourse in this situation is to report this theft to Blockchain.com, to the police and if the "helper" is identifiable and located in the same country, explore pursuing it through the courts. It is extremely unlikely the money can be recovered and attempts to recover the money through the legal system are likely to cost more money.
I have my backup phrases
I would use that to recreate a clean wallet on a clean freshly installed PC (not one your helper has ever known about) and see if it actually contains anything. Most likely it is an empty wallet. Probably the watch-only addresses in your wallet were added separately and any money shown there is not under the control of your recovery phrase.