Topic: How can a goverment trace you have BTC? (Read 4077 times)
They can trace you through the deal, or through your wallet. But they have no reason to trace you just because you own Bitcoin.
if you dont put your information, i think its hard to track if you have or not. but it can trace if you put your personal information in some ilegal exchanger, or government directly hack your pc or laptop than check your laptop/pc. so, its like untouch if you are criminal, robber, and laundry your money in bitcoin
How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
We already know that bitcoin transaction is anonimous, Also you can have many wallets of it. So, it so hard to find that you have bitcoin. But, when there is a market that you already did the KYC things. It means that the market have your information also how many asset that you have in your wallet. So, never put your asset in the market.
Bitcoin is a currency that saves the user name, identity and all information. And it is outside the government's control. But you can find you through kyc. Maybe you could find you by tracking. But it's hard work. So I think you do not worry. You will not have any problems.
I think governments won’t arrest anyone for having some bitcoin, lol. It would be really odd. On the other hand, when they really wanna know about something, probably there is no way to hide. They will just find a way to trace people, eventually. But still you might find some ways to prevent them tracing you.
If you do not submit any know your customers and store your BTC in an offline wallet it should be untraceable, they can see how much your holding and or sending/recieving but if you do not connect it to anything with your name you should be just fine!
If you are personally watched by special services, then you cannot hide the fact of using bitcoins because of monitoring the network activity of your devices. If you use unknown devices for those who are watching you, then it is almost impossible to track you without knowing the address of your wallet.
If you follow the precautionary measures, then no one can prove that you own a crypto currency. If only you do not exchange crypto currency for a virtual currency by means of virtual exchangers.
How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
Government cannot restart your are having BTC but if you're transacting Bitcoins in the network then maybe you can be traced because it one is independent of anything but it is dependent on the network which is under the government
I think it can be traceable by your internet service provider and government can do track your browsing history. Also if you have signup in a exchange site with your real identity or to buy bitcoin with your credit card you are easily to get caught with this.
You can always use the VPN services, it is very easy - your IP will be not tracked. I do not think that in reality people can be punished or chased for BTC usage.
You better stay away from exchanges that requires KYC. The KYC will blew off your cover and anonymity.
Though many exchanges have been implenting KYC for them to obtain licenses to operate, there are still some out there that allows you to stay under the radar without enforcing KYCs but do offer you higher transactional limits should you decide to go under KYCs.
Though many exchanges have been implenting KYC for them to obtain licenses to operate, there are still some out there that allows you to stay under the radar without enforcing KYCs but do offer you higher transactional limits should you decide to go under KYCs.
if you just save your bitcoin at blockchain or something like that , there are nothing can goverment do to arrest you because having bitcoin , because you'r anonymous
It's easy to trace Bitcoins considering the entire thing works on the completely open and visible Blockchain lol
It is what bitcoin does it is probably the easiest way to track moving currency
It is what bitcoin does it is probably the easiest way to track moving currency
But transactions are tracked, not the identity of the owners. In addition to looking at the transaction, you do not define a country, a city.
It's easy to trace Bitcoins considering the entire thing works on the completely open and visible Blockchain. You shouldn't trade and sell coins by disclosing personal information.It is what bitcoin does it is probably the easiest way to track moving currency 
Correctly. Anonymous can remain only as long as the transactions occur within the network). After the withdrawal to Fiat, we become open.
How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
Just don't tell anybody that you are using bitcoin and you owned it so that you are only the one who will know that you are having it, or maybe tell it to some of your family that you can trust. I think the government can't discover or know who is having bitcoin to their country. I dont believe that government will give importance in tracing someone using BITCOIN. Why? using BITCOIN is not actually required your complete identity which is requiring your BIRTH CERTIFICATE so you can register using dummy names, the important in having bitcoin wallet is when you buying using your fiat currency to Bitcoin digital currency so government have not interested in it. The goverment only focus on their economy to improve and protect it from any unregulated currency which cryptocurrecy is also present, the bitcoin is highly used for future improvement in dealing with money. Newly advance technology evolving in our generation today is the ICO'S.
As soon as you begin to keep most of your savings in the Crypto currency and operate them for trading, earning large sums from this, from which the government will not get anything - they will immediately be interested in ways to track you)
It's easy to trace Bitcoins considering the entire thing works on the completely open and visible Blockchain. You shouldn't trade and sell coins by disclosing personal information.It is what bitcoin does it is probably the easiest way to track moving currency
I dont believe that government will give importance in tracing someone using BITCOIN. Why? using BITCOIN is not actually required your complete identity which is requiring your BIRTH CERTIFICATE so you can register using dummy names, the important in having bitcoin wallet is when you buying using your fiat currency to Bitcoin digital currency so government have not interested in it. The goverment only focus on their economy to improve and protect it from any unregulated currency which cryptocurrecy is also present, the bitcoin is highly used for future improvement in dealing with money. Newly advance technology evolving in our generation today is the ICO'S.
Maybe the op is trying to say , how can someone trace us if we do any illegal acts that is against the law like scamming , hacking , money laundering , etc ...
It is also possible to trace bitcoin users becausw bitcoin isnt fully anonymous not unlike to any privacy coins like monero .
Now if someone is getting help from a government just to caught the theives , they can possibly link your btc address to other addresses connected thru it . but chances are they will only get dummy accounts and not the real one . so it is still nonsense.
To do this, you need to use many addresses, scattering through them the entire volume of the crypto currency.
How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
As soon as your money turns into a fiat, your card will become an electronic trace, which will be tied to the bitcoin wallet. Then you are deprived of your anonymity
I dont believe that government will give importance in tracing someone using BITCOIN. Why? using BITCOIN is not actually required your complete identity which is requiring your BIRTH CERTIFICATE so you can register using dummy names, the important in having bitcoin wallet is when you buying using your fiat currency to Bitcoin digital currency so government have not interested in it. The goverment only focus on their economy to improve and protect it from any unregulated currency which cryptocurrecy is also present, the bitcoin is highly used for future improvement in dealing with money. Newly advance technology evolving in our generation today is the ICO'S.
Maybe the op is trying to say , how can someone trace us if we do any illegal acts that is against the law like scamming , hacking , money laundering , etc ...
It is also possible to trace bitcoin users becausw bitcoin isnt fully anonymous not unlike to any privacy coins like monero .
Now if someone is getting help from a government just to caught the theives , they can possibly link your btc address to other addresses connected thru it . but chances are they will only get dummy accounts and not the real one . so it is still nonsense.
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