How can a goverment trace you have BTC? - page 30.

thenameisjay

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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?

Probably if the goverment have the data regarding selling of bitcoins to banks, they can track you if you exchange large amounts of money for bitcoins. The banks have to identify you first before you transact with them. But they won't arrest you if you have plausible evidences that you aren't money laundering.

The cure

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There's nothing impossible with todays modern technology,anyone who owned a bitcoins,can trace by the governments. If you have a big amount of bitcoins in your wallet,and you have fear because in your country have a implementing something prohibitions of bitcoin,i would suggest you to transfer to the other country that bitcoin is freely to use.

vnck25

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They cannot trace any of your Bitcoin transaction, its not only the government, NO ONE can trace those transaction! That's one cool feature when using Bitcoins and other cryptocurrencies. That being said, they can of course locate you if you use an exchange to convert your Bitcoin to USD or other fiat currency. Most of the time exchanges require you to verify your identity (KYC process) and that is how you are traced.

Prince Malik

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Ther is no way only if governement make Spies in social media acounts

renz0

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Since bitcoin transaction is done in a peer-to-peer network,I don't think that government can trace if you have a BTC in your wallet or as long as it isn't regulated or controlled by them.Hence,there are cases when you invest in an ICO's or do trading that requires your identity using KYC policy.And with that,I think they can possibly trace you and the bitcoin you have in your wallet.But not all I guess are having the KYC policy.Well your vulnerability can only be seen through the transactions you are taking into whether it requires the KYC policy or not.

ciciteng

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No one can track your Bitcoin. Not even the government.
However, if you have Bitcoin in an exchange and the exchange requires KYC, then the government might able to find out.

farosa

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1 & 0 😏

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 find you with cryptocurrency sites. Internet provider chefs can know which sites you visit. For this you should do your buisiness better and do not leave a trace.
Governments can trace you only with your public adress, if they know. There is not another way.

iiikkkxj

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Bitcoin transactions are anonymous. But most exchanges nowadays requires a verification of your information for you to exchange Bitcoin to fiat. So it is possible only thru exchanges

lestariptr

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I think the government can not track bitcoin. Because bitcoin is anonymous and also difficult to trace. The government also seems unable to regulate and control bitcoin. This has been a fear for the government for a long time. but do not worry about bitcoin.

Punit kumar

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If you bought bitcoin through fiat, then you can easily be tracked by the govt. They can track you through your KYC done at the exchange where you bought the bitcoin and then they can trace the wallet where you sent your bitcoins from the exchange. Its not actually difficult.

tristana443

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By selling your altcoin or bitcoin for money. Because you have to go through the bank to get money, prove financial when the money into the bank account. Just like when you visit the web: Binance, bittrex, ... are also monitored through IP

bitcoinking11

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In general, no one can trace if you have bitcoin or not, but if government suspect you then they can definitely trace you, as they have got the resources to do it.

Snakerist

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In simple words, if they know that particular crypto wallet address belongs to particular man, email, phone number they know that this man has crypto. So for better anonymity don't reveal your crypto address in any place.

nikonova

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there's no way the government can track you

Leo Barnes

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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?

there is no way that government will find your bitcoin if you hold your bitcoin with your wallet you and you alone can access your wallet with your private key.

pjr77

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as far as I know, this is impossible, because even the total number of bitcoins owners is unknown due to different wallets and for the simple reason that the owners died and did not leave these wallets to their relatives. crypto-currencies are decentralized, and they can not be influenced. exception is exchange: if a particular exchange has in its arsenal the verification of the KYC, under certain powers it is possible to obtain complete information about the owner.

adejoke444

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This can only be traced when you have your bitcoin on an exchange that is compliance with kyc as the government have the right to get information from the exchange site for further investigation or information..

tristana443

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I monitored btc with web tradingview, And self analysis, give out your personal opinion. Do not listen to anyone outside

OlgaAmraie

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ShowMeBizICO-The New Era of Exhibition Industry

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!

Yes, you are right. It is really hard to avoid tracking. So, Using VPN is the only secure way to bitcoin transaction. Otherwise there is always chance to be caught.
Also have to be careful about any transaction made with unknown person in your country. If he is your enemy, he may revel your identity.
This awareness is for bitcoin banned country. Also it's good to be precocious.

Lovecrafter

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I live in Russia . Our mission can learn about the crypto currency only if you make big purchases and do not pay taxes. I do not think that as otherwise they can learn about the possession of the crypto currency

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