Yes, guys, the government will be able to track transactions with BTC that you do when you cash it in processing payments in your country. They will be able to do this because most of these companies require that you be the data file itself before allowing you to withdraw your money from them. This is one of Bitkoin's good characteristics - his decentralization.
Topic: How can a goverment trace you have BTC? - page 3. (Read 4077 times)
Nowadays it's easy to other especially to government to trace if you have a bitcoin because our technology is hi-tect, just search what you want to know and it show you and you get information by tracking down our wallets, verifying with your original address and photo and your real account.
You can only be find out through your identity. You will be careful in making transactions with an exchanges that demand submitting your personal details for KYC. You will also be careful in engaging in bounties programs and airdrop that demand KYC also. You should not reveal your identity to about your involvement in bitcoin to anybody. Just be careful you will be good because bitcoin usage is very anonymous, so is not that easy to identify a bitcoin holder.
to the best of my understanding, bitcoin holders are anonymous so therefore it is very difficult to phantom a bitcoin holder unless he or she makes it public and it can only happen in a country where it is legal. a government can easily trace you if you have bitcoin and doing transactions and business which involves bitcoin as the main means of legal tender when you withdraw and cashout from any of the companies,establishments , banks etc which does the know your customer verification process that will need you to submitt some vital documents of yours before you can make any withdrawal. another means is through most of the online wallet portal which requires you uploading your documents for verification. once done your details are already public.
It will never happened that the government will trace you have BTC because your account here is anonymous. Also, even if bitcoin is banned for a certain country, since bitcoin is decentralized, government can't take control over this.
I think they can find you easily. Yes bitcoin is decentralized system but we mostly don't use it that way. I use a local exchange to buy bitcoin. And they want to know all my information to secure themselves from law. So if government track my money transfers to exchange and force the exchange to give my info them, exchange do that. Congratulations, you're busted Wink
If you dont want to that happen you should buy bitcoin unregistered way.
If you dont want to that happen you should buy bitcoin unregistered way.
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 anonymous, there won't be anyone who knows you hold bitcoin as long as you don't tell you you have bitcoin to someone else. 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?
The government will gonna trace you if you are a bitcoin holder though exchanges. As we all know that bitcoin is anonymous and a peer to peer thransactions. But in some other way if you invest other kind of alternative coin ithat needs middlemen to complete transactions that will require you a kyc , your identification card and passport while converting cryptovurrencies into cash. In that way they can trace you if you owned such a 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?
I think they can find out when you send your money from your wallet, so that it can be traced from where your money came from. so they will know that your source of funds is from an exchanger or from a crypto currency wallet
They can easily find you by your IP address. So it's better to use proxy while processing with Bitcoin.
One of the good characteristics of Bitcoin is its decentralization. You can use it even without proper identification. Government has no means to trace your BTC use unless you register to a platform with KYC because in order to use that platform, you'll need to submit some identifications and pass the KYC.
it's true that bitcoin is a decentralized characteristic. And the government can't track for every bitcoin user. however, the government can track if registering on a platform using kyc
Although bitcoin transactions are anonymous, at present almost every exchange market requires us to verify the identity we have so that the bitcoin we have can be converted to the local currency we use. therefore the government can easily track us via ip and find out our identity
It depends how you get bitcoin. If you are using a wallet which wants you to be registered they can find you easily. If you use an exchange to trade (which they want personal information from you) you'll be caughted.
if you track it from each shipment, of course it's often done. yeah, and that's really helpful. track it from address to address, to an exchanger. it's just that it might require special expertise from the government team to get the transaction quickly. 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.
Yes, guys, the government will be able to track transactions with BTC that you do when you cash it in processing payments in your country. They will be able to do this because most of these companies require that you be the data file itself before allowing you to withdraw your money from them. This is one of Bitkoin's good characteristics - his decentralization.
At the moment I think that the only way for them to trace you, it's to make a connection between your wallet and the exchange, an exchange where you've been verified of course. I don't see other possibilities.
Oh there are plenty: the IP address of your computer, the CCTV footage of you in an Internet cafe when the transaction has been broadcasted, the CCTV footage of you entering the bitcoin dealer's office. Possibilities are endless, mate
At the moment I think that the only way for them to trace you, it's to make a connection between your wallet and the exchange, an exchange where you've been verified of course. I don't see other possibilities.
It depends how you get bitcoin. If you are using a wallet which wants you to be registered they can find you easily. If you use an exchange to trade (which they want personal information from you) you'll be caughted.
i think without kyc it is impossible to trace that you are a bitcoin holder. crypto transactions are anonymous. Unless you say it yourself to the crowd that you are a Bitcoin user. but the only way they need to do that you are bitcoiners is when you withdraw with the local exchange which is need your bank account to do the transaction, so they will trace your bank account to arrest you.
the government will not be able to track it because it has been properly stored using a wallet made by famous people and the government can only trace the smallest part of this we must be careful.
Government can track our ownership on exchanger. Most exchanger right now want to KYC every their customer when register or withdraw in large amount. I think government will collecting taxes from exchanger transaction
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