Topic: How can a goverment trace you have BTC? - page 34. (Read 4077 times)
Bitcoin is a crypto currency that is online asset, which is classified as digital currency, where nobody can have access to towards it, because it functions with a private key and committed with smart contract, accept the person open up to public.
All Bitcoin transactions are anonymous and can't be traced, Unless you decide to reveal your identity. But i'm not so sure what your Government capable of maybe they can't if you're not careful enough.
I think the govermnet cannot trace u have btc if u just got it from face to face trade.
other wise the goverment can trace u very easy.
u trade in exchanges, now most exchanges require authorize!
other wise the goverment can trace u very easy.
u trade in exchanges, now most exchanges require authorize!
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 do not think it's easy to find someone playing in the crypto industry or having a bitcoin. which is basically bitcoin and crypto has an anonymous system
I think government can track you easily. Exchanges can give them your information, like GDEX. Also whenever you join ICO, they require you to send your pictures and address etc. Actually, our information is everywhere.
Most of the crypto exchanges ask for KT from users. So if any government asks the exchanges for KYC, they can later track you through that.
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.
Only the bitcoin is what the government can trace but the identity of the owner will remain with anonymity unless their are conniving with the exchanges and wallet owner this is another stories
It comes down to how you buy and cash out bitcoins, and where you hold them. If you are using wallets that ask for kyc, if you are buying bitcoins with any bank card, if you cash out on some of your bank accounts it will be easy for government to find out that you are using bitcoins.
There are ways to stay anonymous with crypto, but it require VPN or tor, hardware wallet, all buying and cashing out to go trough local bitcoins. Its easy to cover your tracks on internet, you can master all of them if you spend some time reading about it and trying different ways.
There are ways to stay anonymous with crypto, but it require VPN or tor, hardware wallet, all buying and cashing out to go trough local bitcoins. Its easy to cover your tracks on internet, you can master all of them if you spend some time reading about it and trying different ways.
I doubt that governments can trace you that you have BTC due one of the bitcoin feature is being anonymous and no identity required in every transaction you made so for now government cannot reach you through BTC.
it is very easy for the government to find you. they can track all your financial transactions, when you make a withdrawal from the coin market to your local bank account.
No one will recognize if you're one of those bitcoiners or investor of it unless someone link it, or tell and if they know your password or information about you, and if somehow you violated rules, they can do everything to trace you till they find you through expert hacker or someone who has this idea how can get into crypto world.
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 so due to most transactions in wallet address are anonymous may be the government can trace but its really hard as they need to communicate other agencies that can provide security details to trace transactions.
I think there is only one way the government can track someone having a btc ,,, that is by tracing through the user's IP address btc,because of criptocurrency / bitcoin, its bitcoin transactions run with the internet.
Every bitcoin transaction is anonymous and can't be tracked unless you have entered tour details in some KYC wallet, exchange or other program that needs it.
Somehow it will need alot of manpower and time for the government to do that. There are alot of people who uses bitcoin and if all of that people from different countries will be segregated and filtered to a single country only, you'll lostvtrack.
Somehow it will need alot of manpower and time for the government to do that. There are alot of people who uses bitcoin and if all of that people from different countries will be segregated and filtered to a single country only, you'll lostvtrack.
Each bitcoin transaction is anonymous the only way to find out that you have hold of bitcoins is to view your wallet address right away. But they can only do this if you investigate them well.
So you should be careful of every action you have, And of course those who are close to you should say that you have hold of bitcoins.
So you should be careful of every action you have, And of course those who are close to you should say that you have hold of bitcoins.
if you work well, you can calculate some information. in particular, computer-network expertise has developed methods for determining the identity of a party participating in some bitcoin transactions (by analyzing clusters of transactions between specific addresses).
you can be trace via your public key or bitcoin address if they will search and follow it online but if you use a mixing service for your coins , then they cannot trace you directly.
other options to keep your transactions anonymous and safe is to use some privacy coins like monero .
But why would government tracked you? For what purpose? you dont need to worry at all if you dont do anything illegal.
Government will only traced hackers and scammers.
other options to keep your transactions anonymous and safe is to use some privacy coins like monero .
But why would government tracked you? For what purpose? you dont need to worry at all if you dont do anything illegal.
Government will only traced hackers and scammers.
If you are going to link you bitcoin wallet on local wallets on your country to deal with transaction on banks or start an investment. That is the only thing I could see government could know we have bitcoin in transaction and investment. Yet, if we are going to have bitcoin in terms of investment and transaction in our country we also need to follow the terms of our government and the system of cryptocurrency in trading for us to gain profit.
The govement will be able to track your bitcoins, if the anonymity ends on the exchanges, and after each of your trade you will receive a tax bill.
People like you may be arrested where crypto is banned. Police will not be arrested if you do not know them. Jump to: