Topic: How can a goverment trace you have BTC? - page 14. (Read 4077 times)
That is the advantage of electronic money especially if you have a lot of bitcoin or other altcoin that costs a lot of money or money. It uses blockchain and so it will not be possible that the government will discover you as a user. Just be careful and just keep it for yourself that you use bitcoin.
That is the advantage of electronic money especially if you have a lot of bitcoin or other altcoin that costs a lot of money or money. It uses blockchain and so it will not be possible that the government will discover you as a user. Just be careful and just keep it for yourself that you use bitcoin.
Government can't trace anyone who have bitcoin as long as you put your bitcoin in a secured electronic wallet without your identity. Bitcoin is a very anonymous and no one will track every transaction or who have bitcoin in their wallet. Thats the advantage of crypto currency specially if you have a lot of bitcoin or other altcoin that cost lots of value or money.
Government can't never trace you how much bitcoin you have . But they can get your information from exchange site where you buy and your bitcoin . Otherwise no chance to trace for balance and information.
They will be able to do that because most of these companies require you to provide KYC documents before allowing you to withdraw money from them. One of the good characteristics of Bitcoin is its hierarchy. The government does not have the means to track your use of the BTC unless you sign up for a foundation with KYC because to use that platform you will need to send an identification number and pass KYC.
If inside the country will be created some organisation that can track me for my transactions, they can know how much I have earned. but not so many government's for your type can create these organisations. I think it is only one way to trace me.
It is very difficult to track down people who use Bitcoin or save Bitcoin. And in my country, 
the Government is not so concerned about Bitcoin. It's just that the Government is still banning people using Bitcoin payments to Transact directly.
the Government is not so concerned about Bitcoin. It's just that the Government is still banning people using Bitcoin payments to Transact directly.
If you are smart, they can't.
BUT, if you registered on Coinbase with documents, name ecc.. or also in some exchangers with your ID, you could have problem if they want.. but the point is that btc would be anonymous if you want, but basically when a country say it is illegal, no one cares about it, trust me.. no one will search you
BUT, if you registered on Coinbase with documents, name ecc.. or also in some exchangers with your ID, you could have problem if they want.. but the point is that btc would be anonymous if you want, but basically when a country say it is illegal, no one cares about it, trust me.. no one will search you
Until now I do not know how the government finds you or knows you if you have bitcoins.This is not easy and the Government can not track down the bitcoin owner because it can not be tracked and only the number of bitcoins can be seen.
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 is a decentralized system. It uses blockchain and so it won't be possible that the government will discover you as a user. Also, user's name is anonymous. It won't be easy for the government to track you down. Though, it might be possible if you transact in a system that needs your information or a payment or exchange through fiat, then they might locate you. Just be careful and simply keep it to yourself that you uses 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?
They wont, until they releases regulations to allowed them checking on local server you used to trade on bitcoin. Or if they check on your bank accounts and ask where did you get your money from? But i dont think they have any rules that allows them to do it.
But i think every country has their own IT team that can track it down, they just dont have the legal regulations yet
If you buy bitcoin through fiat, then you can easily be tracked by govt. They can track you through your KYC made at the trading platform where you bought the bitcoin and then they can track the wallet you have deposited your bitcoin from the trading platform. It's not really difficult.
I think it's very easy, they just need to keep track of your bank account, but even then if you directly withdraw funds directly from your Bitcoin wallet...but if you make a withdrawal from the wallet exchanger I think the government will be very difficult to track your identity.
There were few possibilities that government could trace that you have bitcoin, but try to keep your privacy and stay unknown, make your every transaction safe and so thus your private keys.
it will be a difficult task for the government to trace or track someone that use bitcoin because bitcoin is decentralized currency that's not easy to trace but those making use of centralized exchange will be easier to track with the help of the exhange site.
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?
Generally, bitcoin can't be tracked.
The Government can trace your identity from exchanger.
if you don't using any exchange that required identity documents submission, you can't be track.
That is the purpose of decentralized currency.
Yes, there's no way for the government to track if someone has bitcoin. And technically government can't have any control with your bitcoin assets nor have any access with it.
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?
If Bitcoin is banned in your country of course you will be caught if you are still using Bitcoin even though you already know that it is banned. They may keep track of your IP address because it is now very easy to trace IP.
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?
Generally, bitcoin can't be tracked.
The Government can trace your identity from exchanger.
if you don't using any exchange that required identity documents submission, you can't be track.
That is the purpose of decentralized currency.
maybe the government could just trace the owner of BTC. and I think the government must have special tools. but I think it's only a small possibility done. I hope it does not happen. except to carry out large money laundering and very harmful to the state.
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 no way the government can trace or will know that we indulge ourselves in crypocurrency unless you, or someone will tell them or some clues or evidence will be visible to them. Like your cellphone or any gadgets or your social network or any other means. Jump to: