Topic: How can a goverment trace you have BTC? - page 17. (Read 4077 times)
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.
Well, any person can easily trace a bitcoin address, and it is not something very difficult to do, so i think that it is more than easy to do if you have commited a crime or something related to that. So, a government can easily do it in a few minutes of work
Every government has it own methods to trace anyone but this is only happen when you show your identity on bitcoin which 99.9% of people don't put there identification on it so without identification is not show no one trace you.
Bitcoin transaction is anonymous so you won't get caught, just dont let them know your bitcoin address or anything just deny the fact that you're into cryptocurrency then you're good to go.
posting transactions online is a good way to get caught, like donate to XX or can you check my wallet for me on a forum could end up being traced to who you are.
Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable. As recently as 3 years ago, it seemed that anyone could buy or sell anything with Bitcoin and never be tracked, let alone busted if they broke the law. “It’s totally anonymous,” was how one commenter put it in Bitcoin's forums in June 2013. “The FBI does not have a prayer of a chance of finding out who is who.
The government can trace your wealth if they at least placed recorders on what websites do you use on the daily. They can actually know where you live by their sleuth like behaviors that can allow them to trace any one they wanted to be traced. At least we can say that the Government is not that interested yet with the people who are HODLing large amount of Bitcoin or even alternate coins. We just hope that they cooperate with civilians that has not interfere with their daily lives and jobs.
If u are never reveal Ur identity then government never trace your bitcoin transactions because these transactions happen from one bitcoin address to another address and they are alphanumeric also buy bitcoins from Trusted sellers also government never trace from bitcoin address on blockchain. so always try to hide Ur identity and store Ur bitcoin in trezor hardware wallet.
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?
It is hard for the government to trace that you bitcoin but if you encash it into fiat and you had transferred it to local exchanges that is registered legally in the country and then you transferred it to the bank modt probably the government might trace your identity that is based on my observation here in my country.
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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 don't think so due to most transactions in wallet address are anonymous may be the government can trace but its really hard as they need to communicate other agencies that can provide security details to trace transactions.
If you are using only peer-to-peer ways to buy/sell bitcoin through TOR, you are safe, nothing to worry about. Just avoid showing yours connection to certain bitcoin wallet or IP 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?
I do not think they can trace and arrest you because bitcoin is a decentralized platform, if you do not provide information or register to a platform with kyc, they will not be able to find you. i think that it is really impossible,i think that btc is the one that has more confidentiality than any other coin ever. i m sure that the government will soon understand that btc is the best one forever and it deserves to be the best
From what i know bitcoin transactions are anonymous and there is know way you can be traced. The blockchain is a public network where all the tranactions go through and you can actually find any bitcoin address with all the transactions that have been made with it. Where it is now hard is placing a face on the address. I don't remember giving out your personal information when installing wallets. But on exchanges that requires KYC can be traced. So to be anonymous avoid sending any exchange to your personal private wallet because it will be linked to you. Aside that you are good.
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 since it is decentralized, there is nothing to worry about as long as you are very cautious about your identity. But the problem is, we are now in internet age which can be used in any form just to track you.
I think it's very simple to trace by the government. because almost many people used Internet now a days .it's requirements of identity is must for mobile wallet.
You should never reuse an address
All transactions are public that's something you should know.
A transaction doesn't include any wallet identifier, that's just an organizational tool for you to manage your funds and not part of the network or public data.
All transactions are public that's something you should know.
A transaction doesn't include any wallet identifier, that's just an organizational tool for you to manage your funds and not part of the network or public data.
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?
You should avoid reusing addresses. You should also be careful to use coin control: remember that signing transactions with outputs from multiple addresses associates all those addresses together.
You should always use IP address obfuscation when broadcasting transactions to the network. You can push raw transactions over TOR using a push service like https://blockchain.info/pushtx or you can connect to the network through a good VPN.
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.
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.
Bitcoin transactions are not anonymous. They are pseudonymous. Even if you never fully verify your identity with an exchange, things like IP addresses, cookies and PII like physical addresses (e.g. if you've bought an Amazon gift card with BTC and had something shipped to your home) can be used to identify you. Lots of PII gets leaked when dealing with third parties via web browser. And if blockchain analysis companies (working with governments) can identify one or two of your used addresses, clustering techniques may allow them to map much of your transaction history.
Be careful out there!
Government can trace you, if you have a transaction in bitcoin that's the way can trace you and also if you like there page even more if you have conversation to bitcoin.
Bitcoin is decentralize and there is no possible way to track down your transaction/info unless they were able to log in into your wallet. And that would be easy for the government, but if they do hack you, it's a breach of privacy.They'll be able to do that because most of these companies require you to provide KYC documents before letting you cashout your money from them. This will be the only thing that I can think of where they'll be able .
In my country, there are local exchange that allow to turns your cryptocurrencies that you have become local fiat. Maybe with that, government could track where are your wealth come from, when it is from the local exchange like my country have, you could arrested. but, im not sure how when there's nothing like that local exchange that i've just mentioned.
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