Topic: How can a goverment trace you have BTC? - page 12. (Read 4077 times)
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
bitcoin is anonymous. And it is difficult to know who is using BTC. Unless you make a transaction in the territory of your home country. Where you have to provide KYC before you can trade bitcoin to cash.
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 this is so easy to trace that there is some or huge btc in your wallet but its very realy hard to find out who is the real owner of that wallet except you publish it in the public so people can see the you are the true owner of that bitcoins.
You may be caught except from every time you transact Bitcoin but you trade Bitcoin in the local market in your country who need KYC for registration on the Exchange.
So when the police see the TX-id sent to your wallet, then the police can ask to Exchange to open the KYC walllet, daraaaammammmm you get caught!
So when the police see the TX-id sent to your wallet, then the police can ask to Exchange to open the KYC walllet, daraaaammammmm you get caught!
Governments cannot trace bitcoin, the transparency in the transaction makes it visible to the public. If an user know that the particular bitcoin address belongs to specific person, it is the only way to find. Even after fulfilling KYC norms it is impossible to trace bitcoin or that the respective holding belongs to a person which is the best of bitcoin.
Bitcoin is decentralized and the transactions are anonymous, that is why we have pseudo names. But if your government would really push to trace you, there is technically another way but not through Bitcoin, they will be able to trace you on exchanges or wallets that has your identity and other personal details. That's why some users are not using those exchanges or wallets that requires identification.
The government can only track your BTC address and cannot track which address is yours, because the BTC address is not real-name certified, so it cannot track it.
I don't think the government can track your BTC, unless it becomes centralized, it's not a bank account. no one knows the location of the owner of a bitcoin address.
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?
For this purpose you have to buy bitcoin peer to peer from a person you trust. Never use exchanges that force you to verify your identity.
How to find such a person from whom I can buy bitcoin ? What about buying altcoins ? what about buying large volume in bitcoin ? Your statement seems not practical to me...
No one can trace you own BTC as transactions are anonymous. If your country is banned from dealing Crypto, you won't own BTC either. Through a trusted local seller you can buy BTC. Since the identity is anonymous where you must be careful with the exchanges asks for KYC submission. IF the exchanges are bound to supply user details that will be a problem. But still you have an option to use Decentralized exchanges to buy some ALTS & do some trading. Mostly trusted local seller is the best option to buy & always should be careful with the regulations & News in your territory.
I think we can do that without noticing the government right. I don't see such risk. But they can trace that we did a crypto transaction through exchanges, but there are lot of exchanges where we do not want to provide KYC . so I don't see a point
from the KYC thing, government can track your details.
Bitcoin ownership in my opinion can not be evidence of arresting someone if it is not against the norms of life around the world or adverse transactions such as drug trafficking, they Be aware anyone is directly mobilized with electronic money as long as there is no problem they are silent without dispute. You will need to send the identification number and pass KYC. Just be careful and keep it for yourself that you use bitcoin.
The bitcoins blockchain public ledger does not get trace to a particular person and due to this I think it will be difficult for government to make such an effort to trace 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?
Bitcoin transactions are anonymous. As long as you don't reveal your identity, no one know you are a bitcoin holder.
For this purpose you have to buy bitcoin peer to peer from a person you trust. Never use exchanges that force you to verify your identity.
Fpbp. If you buy it anonymously then it will remain anonymous unless you end up connecting it with your address or name for a shipment or something.
Although you can not track down that person, there are companies that you can hire to do this and the government certainly can. You can not find the identity of this user. No one knows who holds a specific bitcoin address. Everyone can look inside it, but nobody knows who it is. You can have the same wallet but you can use multiple addresses. But if you use a public address, you will easily find the amount of bitcoin stored in this address. So, in fact, it is difficult to identify a bitcoin user today.
Bitcoin is a digital currency that works peer to peer transactions method. It is quite impossible for the people to track your bitcoin for the peer to peer transaction method of the bitcoin. So, if you ask "How can a government trace you have BTC?" then the answer is government cannot track if you have btc.
I think today, the only for the government to know that you have Bitcoin is thru IP address. They will scan your history of searches and the websites that you had visited. They can now speculate that you are owning a Bitcoin and they will do something to trace you through verification when you are using an exchange. 
I think it is impossible, if you do not use personal accounts to buy or exchange for Bitcoin and altcoin!
The easy thing about it because the government will track the transactions you make when you melt your Bitcoin.
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