Topic: How can a goverment trace you have BTC? - page 18. (Read 4077 times)
Bitcoin is anonymous for sure, but they can track you through your internet provider in my country the internet provider can see what kind of websites that opened by me also there's other way to track that you're bitcoin user. Any transactions from exchanger that provide bitcoin to FIAT will able to see that you had bitcoins, government can see it through there.
It's hard to know about your bitcoin as a traceable crypto transaction. there is no way that the government will be able to track certain people if he has Bitcoin. Unless you tell yourself to the crowd that you are a Bitcoin user. and governments in many countries are mostly against bitcoin, because it is much higher than the state currency
I think the only way to trace is your bitcoin address. Frpm bitcoin address to a bank where you withdraw with your money. Because the transaction will be record on where did you deposit your money
Yeah, I very much agree. The only way the government can possibly detect your use of Bitcoin is via the transaction and exit strategy you use.. For example, if you withdraw money from your wallet into your bank account/paypal this would be traceable. It becomes an easy way to track someone in their country from the withdrawals they make with the earnings of Bitcoin.
They will have to learn where the BTC comes from so banks would have to trace back and that it should lead them to the known sourced from their database. If the banks can't recognize where your coins are from, they will hold it for further questioning.
Its probably convenient for them to just allow cashouts from BTC address directly related to exchanges that are connected to banks and these exchanges are the ones that will have records from used which is why they are already starting to collect data from us by KYC.
I think the only way to trace is your bitcoin address. Frpm bitcoin address to a bank where you withdraw with your money. Because the transaction will be record on where did you deposit your money
Yeah, I very much agree. The only way the government can possibly detect your use of Bitcoin is via the transaction and exit strategy you use.. For example, if you withdraw money from your wallet into your bank account/paypal this would be traceable. It becomes an easy way to track someone in their country from the withdrawals they make with the earnings of Bitcoin.
Bitcoin holders are strictly anonymous unless the holder gives out his identity, you cannot tell an individual owning particular Bitcoin wallet. In countries where Bitcoin is strictly illegal, governments can only track a transaction Hash to a particular location but not a particular user.
Everyone with mobile wallet now has the requirements to really identify its owners. and it depends on the wallets that exist in different countries like our country in the philippines where there are so-called coins ph.wallet we can find that when someone uses this wallet means that it's working An online job that includes a popular online currency is bitcoin. Maybe in this way, they can track who really has a bitcoin. but a bitcoin is in great way to earn, sometimes we use bitcoins in a way that is illegal in government so sometimes it is violated by law and is even more known to governments because of the people who are working against bitcoin if trivia bitcoin helps those who need extra income in our economy and hopefully they will not use it for law violations because bitcoin is a cryptocurrency that is good for the whole world. and for now many transactions are related to a bitcoin. but it's easy because bitcoin is open to all countries and we can see the government news.
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 would not be easy for the government to detect citizens with cryptocurrencies unless you reveal your identity by means of your transactions into your bank or paypal account. Nobody can have access to or know your wallet detail since everything is written in codes and not your name.
In most cases, confidentiality becomes optional in crypto..
So it depends totally on you, whether you will be traced or not..
But, why and how government will contact this/that exchange and request information?
Do we have such precedent already? Have you heard?
So it depends totally on you, whether you will be traced or not..
But, why and how government will contact this/that exchange and request information?
Do we have such precedent already? Have you heard?
As long as you not show your identity then probably it's hard to find you.We all know Bitcoin is a decentralized crypto currency an anonymous thats not control by the government.So, theres a possible govenrnment cannot trace all of us Bitcoin users.
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?
Well, there are some ways they can trace it to 2. If you just use crypto and never trade it for fiat and always use a laptop on proxy or something like that, it can be very hard to trace to you, unless by some reason and by distraction you end up posting you're wallet in a forum etc.
If you use mobile wallet it can be possible to trace since nowdays for almost anything in wallet you need to associate you gmail acc etc.
If you change crypto for fiat you need to be carefull as they can trace it back 2 you too. Specially if you end up moving the money to the bank.
As what i know.owner of bitcoin cant trace with the government unless you join some icos which need to do kyc.here in hour country we have coins.ph that we can use to trade so its easy to trce i think because we do kyc and put details coins.ph
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?
Right now, there are ico that requires us to submit a KYC maybe it can help to trace who uses btc but it will be very difficult to get those information one by one because a lot of users come from different parts of the world. And it is just a waste of time.
If you have your bitcoin in decentralised wallet, I don't think government will be able to trace it back to you but once you have used any platform that requires your personal information to trade Bitcoin it may be possible that you can be traced through it.
I don't think it's possible. Government can't trace anyone who have bitcoin. Bitcoin has their own satellite. Government doesn't have the right to check who have bitcoin in her country.
In my opinion, since bitcoin is pseudonymous government will have a very difficult time to track if you have a lots of bitcoin in your account. That is the decentralized thing is a very good feature of bitcoin.
It is impossible because all the wallets are anonymous and there is no way to know which wallet belongs to who in here, that is the reason of why i think that it is more than impossible, bitcoin was made decentralized so government do not have the rights to know how they can trace you have bitcoins.
government can't trace you as long as you don't do KYC that is the is reason of doing kyc.. sometimes you are trading and the asked of your details i don't think you should disclose your details to them. moreover this is digital currencies which the wallet aren't written any name that belongs to you so they can't trace 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?
As per the present bitcoin's characteristics, identity is anonymous therefore no one can knew you are using it, unless otherwise you give your information to someone who you do not know. Do not trust easily to people who are asking for personal information because they probably do it for some unknown interst or maybe a command from the government.
it is easy if you are using a centralized wallet like Blockchain.info or Coinbase, or any other that works with that protocol, but i think that you should not care much about this if you are 100% confident in that your country does not have any regulation over btc.
I think the only way to trace is your bitcoin address. Frpm bitcoin address to a bank where you withdraw with your money. Because the transaction will be record on where did you deposit your money
Yeah, I very much agree. The only way the government can possibly detect your use of Bitcoin is via the transaction and exit strategy you use.. For example, if you withdraw money from your wallet into your bank account/paypal this would be traceable. Jump to: