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Topic: How can a goverment trace you have BTC? - page 11. (Read 4077 times)

newbie
Activity: 22
Merit: 0
Yeah it all depends on how you use it, and what for. If you're signing up for exchanges, the government could theoretically approach that exchange and demand records of all who are registered from their country. But then what are they going to do? Knock on everyone's doors and shake them upside down until all the bitcoins fall out of their pockets Roll Eyes

The thing I wonder about is when these exchanges are going to be forced to report to the tax authorities, like PayPal and eBay were several years ago. People used to make lots of tax-free money selling stuff on these sites, but I wouldn't dare now. Anything that goes through PayPal is definitely being sent to the tax authorities, at least in western countries. How long until major exchanges are forced to do this as well?
newbie
Activity: 93
Merit: 0
Yeah right guys, the government will be able to track transactions with BTC you make when you cashing it on payment processing in your country. Lips sealed Lips sealed
jr. member
Activity: 140
Merit: 1
The bitcoin transaction does not reveal identity info. The purchase can be connected to you, only, if the merchant keeps a record of the transaction id connected to a goods receive address. Online goods are sent and the IP address is recorded. In this case any vpn provider can help you to keep IP information out of reach. The bitcoin transaction by itself, does not reveal personal information. Personal information can be revealed by looking for other data that are connected to the transaction.
full member
Activity: 434
Merit: 110
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?

I think as long as you use centralized exchanges to trade your bitcoin, highly likely you could be traced.
As long as you don't trade, and have you btc stored at your wallet which you control with private key, tracing you doesn't become that easy.
Still there are numerous ways for government to get whom or what they want, but for us - ordinary people there should be not much to worry about.
As even in Venezuela government has some greater tasks to do, as to trace every single crypto owner.
full member
Activity: 686
Merit: 100
Many ways to get the government to track who has used Bitcoin with transactions or have expensive items without doing any work
newbie
Activity: 112
Merit: 0
The government will not easily track you. The government can not track anyone with bitcoin as long as you put your bitcoin in a secured electronic wallet without your identity.
newbie
Activity: 28
Merit: 0
They can't know. You are anonymous with bitcoin. You can't be track. It is decentralized.
jr. member
Activity: 154
Merit: 1
The P2P Marketplace For Digital Content
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?

I think they cannot trace you. Nowadays, some peoples developed bitcoin mixer so you can use bitcoin anonymously.
If you using bitcoin smart enough, you won't be able to be traced by any peoples in the world.
newbie
Activity: 114
Merit: 0
government can trace  the details which we uploaded to exchange  because exchange's asked for kyc  to verify identity for withdrawl  . same like that buying and selling also from peer to peer , some persons  need proof of verification kyc before u sell ur btc or buy btc from them for cash because some people scam the innocent people.  government can trace the email or ip address or internet also for checking the social media , and email's they will know from where  buying and selling is happening also.
newbie
Activity: 72
Merit: 0
They can't. It can;t be traced back to you, That's the beauty with bitcoin and blockchain. You are anonymous.
jr. member
Activity: 183
Merit: 2
Bitcoin is not totally anonymous, as a matter of fact its blockchain is visible by everyone and the public wallet also is visible by any goverment agency.

So they can track you down if you're not so smart. That must not happen in the digital world becouse your privacy is not secure enough and you need it if you don't want to be spied.
member
Activity: 140
Merit: 10
They may can trace using IP, with that they will know all activity when surfing through internet but they only know activity they will not know suddenly who using that but with enough source from activity, maybe they will know who using that IP.
copper member
Activity: 196
Merit: 0
When we make our account on line or wallet then all the identity filing by us.it's so easy government will trace in few minutes.
member
Activity: 308
Merit: 11
OK well for a start they may well have people in their intelligence, police and security services monitoring this board-you have gone on to the internet so you have left a trail which they can track. To a large extent it depends on how much of a threat you are deemed to be as to how much resources they will expend on you-if you are dabbling in crypto (a few hundred dollars) then they probably won't be to bothered, but if you are doing serious big value deals or are involved in other criminal activities it will help build a case against you and could lead to further charges.

To see just how powerful the surveillance capacity is look at this Wikipedia link-      https://en.wikipedia.org/wiki/Five_Eyes
The ECHELON program/system is programed to pick up on key words, such as bomb, attack etc and for all we now Bitcoin and so on. As it monitors not just internet but phone, fax, satellite and it will gradually move you up a list until you reach a threshold at which point they will start taking serious notice of you, BE CAREFULL.     
full member
Activity: 770
Merit: 100
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?
there is a way in which the government finds the owner of Bitcoin. For example, in cooperation with a state bank then searches your savings account, that way the government can trace where the money came from.
that way only according to my personal thoughts.
sr. member
Activity: 2184
Merit: 251
SOL.BIOKRIPT.COM
It's hard for the government to track you down if you own a bitcoin or altcoin, if btc is legitimate, then maybe the government will ask people to take part in bitcoin to create personal profiles on the individual and assignments. Translation must be declared
Yes it is not easy to trace your btc by government, specially if you have not made any transaction using banks or any other such way. but if you are holding your bitcoin in a BTC wallet then it is not possible for the government to trace that how much bitcoin you are currently holding.

Exactly, as long as you hold your bitcoin in your BTC wallet then it will be impossible for government to track you, except when you're using website to withdraw your bitcoin to your local currency which it's mandatory KYC process, as far as I know a lot services that needed KYC to make a withdraw. 
newbie
Activity: 60
Merit: 0
then the answer is that the government can not track if you have btc. You can not find the identity of this user. Everyone can look inside it, but nobody knows who it is. But if you use a public address, you will easily find the amount of bitcoin stored in this address.
MMA
legendary
Activity: 1134
Merit: 1000
It's hard for the government to track you down if you own a bitcoin or altcoin, if btc is legitimate, then maybe the government will ask people to take part in bitcoin to create personal profiles on the individual and assignments. Translation must be declared
Yes it is not easy to trace your btc by government, specially if you have not made any transaction using banks or any other such way. but if you are holding your bitcoin in a BTC wallet then it is not possible for the government to trace that how much bitcoin you are currently holding.
newbie
Activity: 196
Merit: 0
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?

I think it will be hard to know if someone is using bitcoin unless they have do KYC before storing assets. One of the purpose of bitcoin is to be anonymous in its transactions and no information concluded, the only way to know if someone using bitcoin to transact someone is to get its IP address.
newbie
Activity: 43
Merit: 0
The goverment is not trace btc. goverment is trace those exchanges or persons how sell btc that why he is know about you you are buying btc. Dont buy btc form those exchanges who  is asking for your full address or idintiy.
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