How can a goverment trace you have BTC? - page 26.

privedvelosiped

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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 can't affect it in any way. You will not be able to withdraw or Deposit to your cards and accounts in your country. Exchange offices and other cash-out companies can transfer information to your special services, who withdrew or replenished bitcoin wallets. Therefore, use the cards of other banks not in your country.

thegreatdodoy

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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?

May be the government can trace it's not easy as they need to ask for help from other countries to confirmed transactions made because all people doing transactions in crypto is anonymous.

karagun125

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In our country you can be traced up if you have a wallet in coins.ph because it is the medium to have a btc and ether wallet address.

bajarang8668

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No one can trace who is bitcoin holder but if you use centralized exchange and use KYC so Government easily finds the who is the owner of bitcoin. So keep your bitcoin in hardware wallet or paper wallet and use the decentralized exchange.

keeee

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Quote from: Rozita on May 14, 2018, 06:19:17 PM

Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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.

Exactly, they cant trace tou unless you will going to reveal yourself. Remember bitcoin was decentralized and they doesnt have control on it and bitcoin was in the cryptoworld. Which is online, they wont find you unless you will give some info like in the transactions so better to be careful for your safety and your bitcoin.

Erlinda Santiago

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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 cant trace your bitcoin because it is stored in safe and secured place unless they hire someone that is very good in hacking online

BlackPanda

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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?

Currently Bitcoin has an anonymous nature and that is the main attraction for bitcoin, thus it is impossible for the government to trace the Bitcoin address. As we know that we can easily create a Bitcoin address and with the help of VPN then everything becomes more anonymously. I'm very happy to use Bitcoin, especially when I do not want anyone to know what I'm doing. For me Bitcoin will not be restricted, as long as we connect to the internet then we are free to use Bitcoin.

Bitcoininvestment

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Bitcoin has a decentralized market which means there is really no person or group that controls it and it also means that there will be no records of any transaction for the goverment. Its really useful to some since it allows its user to escape the taxes given by government yet abused by some. It is really impossible for the government to control or even know you using bitcoin.

yvuj101

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Quote from: squatter on May 14, 2018, 08:04:35 PM

Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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.

Quote from: Rozita on May 14, 2018, 06:19:17 PM

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.

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!

Wether we like it or not BTC users government can trace us, but we don't have to worry or not to afraid of them we are just helping the economy to grow and stable made of some employment and a job of the community having a job here in bitcoin is a great opportunity to individuals and can do good business.

Hube950

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Bitcoin cant be traced. Hence, the 'DECENTRALIZED' factor of cryptocurrencies. Its not like a Fiat banking system where there are regulations and protocols that makes it possible for the government monitor people's accounts

KingOfWinterfell01

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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 from exchanges or even banks that allow the exchange of bitcoin for fiat money. I'm sure that banks will need some personal information from younfirst before you transact with them so I think that's the way the government will trace you.

etsonarrantes

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They actually can't trace it. There are no names, no addresses, no profile picture in my Crypto Wallet

Just numbers and me. So no one can trace it, if someone thinks that he can, he would lie to his self. That's why lots of people like cryptocurrency, that's why i like cryptocurrency

excessbit

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It's both easy and difficult. It all depends on how careful you are from the onset.

doodle07

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Bitcoin was made decentralized so government do not have the rights to know how they can trace you have bitcoins. Bitcoin have given us the privacy so let us remain quiet and remain private, regardless of that matter there have no chances tracing you, unless you said it how and give you private keys.

bluemoon84

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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.Because with the full address and the current photo, with all it can use bitcoin wallet in the transaction. Government has no means to trace your use unless you register to a platform with because in order to use that platform.

BabyChicagin

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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

Xising

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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?

Although one of the beauties of cryptocurrency transactions is the fact that it's private and virtually untraceable, I would say that a government's power, especially within its jurisdiction is vast that it can actually do trace anything if it wants to. The intelligence network of a government is big and powerful enough to be able to device a way to track even the untraceable. Fortunately enough, governments are giving ample lee-way for people to enjoy their cryptocurrency ventures without imposing too much control on it.

Rodeo02

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Quote from: Remainder on July 06, 2018, 03:16:46 AM

The government can trace you that you have bitcoin holding if you let them know that you have it, no one know that you have it if you don't speak with them, the word of mouth can spread so fast especially to your friend so be careful sometimes, kyc is the thing i'm afraid also that could leak my personal info to the government.

well this is true if you can only to reveal your identity and revealing for public that you may have some bitcoin this is what they may also have to know for you that you are holding and having bitcoin as well with your wallet.

Lemayilleur

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in principle, this is possible. for example, the Federal Tax Service of the United States has learned to track the owners of crypto-currency wallets. This is done through a complex REACTOR script that allows you to calculate who and what belongs to.

Supremacy2

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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 Government can trace anyone if he/she have Bitcoin because it can't reveal the identity of the owner.

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