Topic: How can a goverment trace you have BTC? - page 19. (Read 4077 times)
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
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 will not be able to track you because there are almost infinite number of transactions which occurs in every exchange. Governments might do data gathering to know how many people on a certain area possesses or even utilizes cryptocurrencies. Nonetheless, I think you will be safe just by keeping a low profile.
I do not know exactly how, but I think until it is legalized they will not have access to information about our cryptocurrencies including bitcoin. If it's legalized, we can start paying the tax.
Many exchanges need you to have a phone number or even a valid national id in order to have an account. Goverments can use that to trace you down if you cash out withouting paying taxes...
Bitcoin addresses can be associated with a real identity if this identity is actually used in combination with Bitcoin addresses in several ways. This includes the address used for depositing or withdrawing money to or from exchange or wallet services or addresses used to send bitcoin to a person including an online store when using a genuine identity.
if I find it very difficult for the government to track the price of bitcoin gan. even in Indonesia the government is also not responsible for the loss Assets of the bitcoiners are broken by the thieves group .
You will sell at some point. If it exchange and under your name, you screwed. If you sell in person, buyer can be undercover...There is lots of things you need to take under consideration.
Nothing i think? I mean, as long as you don't reveal yourself being a bitcoin user, openly use bitcoin or brag to everyone that you have bitcoin, they won't be able to track you.
Moreover, we all know that bitcoin is anonymous and it's hard to track, we can't really know what's going on in this internet world. So i guess they won't be able to do much.
But since it's banned in your country, i suggest you just follow the rule, or even if you don't want to, be safe, be humble, and never recklessly do something that can get you caught.
Moreover, we all know that bitcoin is anonymous and it's hard to track, we can't really know what's going on in this internet world. So i guess they won't be able to do much.
But since it's banned in your country, i suggest you just follow the rule, or even if you don't want to, be safe, be humble, and never recklessly do something that can get you caught.
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 do not reveal your identity, no one knows you are a bitcoin holder.
For this purpose you should buy peer to peer bitcoin from people you trust.
Bitcoin is done in a peer-to-peer network so it is impossible for a government to trace if you BTC's in your wallet. Unless when you are investing in an ICO's or involved in an online trading business that requires the Know-Your-Customer (KYC) policy then probably you can be traced.
for me, my government does not know it in philippines because few people know bitcoin here in the Philippines maybe if our government knows bitcoin maybe we have a big tax here and we may be banned anymore. knows our government here
If you doesn't reveal your id then your are safe. Crypto is anonymous so nobody can trace you. Don't do kyc for ico etc. I think it's so hard for gov. to trace you or bitcoin holder.
There is no way to get traced by the government. It is one of the defining characteristics of btc, its anonimity.
Bitcoin is no longer fully anonymous as it used to be.Each time you register your details against a bitcoin address, you lose the anonymity it provides.That is why governments are very critical of KYCs for exchanges.
Its not easy to trace you if you doesn't reveal your identity and kyc for airdrop or ico or exchange. If your country banned crypto then i must say don't reveal your identity because there is only way to trace you. Try to be anonymous.
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 guess there's a possibility the government can trace you own a btc. Some btc transactions needs your personal details. That way they can trace you own a bitcoin. Not all bitcoin transaction is anonimous, some transactions are traceable by the government. Like in your investment transactions, it does need KYC and it includes your personal info. Government has their own say to trace a person who owns a bitcoin if needed.
It is currently difficult for them to handle cases acrsoss their national border if you are not making direct withdrawal to your bank accounts.But they have a lot of controls if there are local exchanges,through kyc documents submitted during registrations.
There is no way to get traced by the government. It is one of the defining characteristics of btc, its anonimity.
The question is in two phases to me
1. I think government can be able to track you down that you have bitcoin in that if they're very good in internet tracking or hacking to see and check wherever you've submitted any of your documents like (international passport, National ID card or Driver's license) the purpose of you submitting those documents and on which site. What's the purpose of the site, what's the site all about and offering. From there, they can trace that you're into cryptocurrency and you must have BTC.
2. Government can't trace you have BTC in that BTC transaction is anonymous. As at now Nobody can trace who owns those wallets BTC coming IN and OUT to. So how are they going to trace you or even the BTC
1. I think government can be able to track you down that you have bitcoin in that if they're very good in internet tracking or hacking to see and check wherever you've submitted any of your documents like (international passport, National ID card or Driver's license) the purpose of you submitting those documents and on which site. What's the purpose of the site, what's the site all about and offering. From there, they can trace that you're into cryptocurrency and you must have BTC.
2. Government can't trace you have BTC in that BTC transaction is anonymous. As at now Nobody can trace who owns those wallets BTC coming IN and OUT to. So how are they going to trace you or even the BTC
I don't think they have chance to detect what country you are in or what is your identification. Unless your wallet have verification who needs the ID and your face and some information about you that's only I think the possible to detect you.
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.Jump to: