Topic: How can a goverment trace you have BTC? - page 35. (Read 4077 times)
It's hard for the government to track you down if you own a bitcoin or altcoin, if btc is legitimate, then maybe the government will ask people to take part in bitcoin to create personal profiles on the individual and assignments. Translation must be declared
I think they cant trace if they didnt know your bitcoin address or your wallet address. And its so hard to know who address is that if didnt tell the government that is you.
It is only possible for the government to trace you when you have an account with crypto-currencies exchanges that requires KYC documents from you for verification, it will be more difficult to trace a person down who owns bitcoin if that person only uses hardware wallet to store his bitcoin and do transactions online without using any crypto-currencies exchange.
I think having bitcoin in a country that forbids bitcoin is not an illegal act. so you do not have to worry about being caught for bitcoin ownership. But it seems that if you can be arrested for possession of bitcoin, the government will not be easy to track you.
NO one can't determine that a particular bitcoins belongs to this man or this and neither can it be trace to another owner who payment has been made to. The best government can do is to trace from the books of exchange it was bought from.
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.
knowing government owns a lot of money. for sure they will hire the best IT in the world to trace your BTC.
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?
Governments can discover you with your wallet address, but it can be a little difficult to prove it. Another way is they can find you with your cookie which the sites you visited. For that you should use VPN program and it can safe you from governments.
Bitcoin is traceable thru blockchain but they cannot trace who owns it. As long as your Bitcoin wallet doesn't have links to your bank accounts or any other personal identity of you, then you are safe.
Bitcoin transactions are not anonymous. Many people think that they can use Bitcoin for any illegal activity and they will not get caught. If you want to avoid this, you could use Monero which is far more anonymous than Bitcoin or use Bitcoin mixing services which for a small fee will do the work for you. It's good if you don't want to use any other altcoin. Governments have tools which help them to track your transaction.
Totally agree with you,everyone thinks it's mega anonymous and it's not.!Calculate the specialists who have millions of dollars of the budget will not create a lot of work .So if someone wants to do illegal business through bitcoin then think twice! 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?
Now think track that you have easily(if you of course not're hiding )To example tracking your ip,social networks even can suggest that through satellites and wiretapping.This is only assumptions, and imagine how many they have opportunities and programs about which we do not know!
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?
Governments can discover you with your wallet address, but it can be a little difficult to prove it. Another way is they can find you with your cookie which the sites you visited. For that you should use VPN program and it can safe you from governments.
I think about ip address and so on then in trading and in your ether wallet but i dont think so that goverment will trace just for that
I don't think my government would have the capacity, and knowledge, to find out, who are the Bitcoin owners. But centralised infrastructures, such as exchanges are definitely the weak points in this matter.
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 particularly do not think it is possible for the government to know you are a bitcoiner except you are careless with your identity details depending on the exchange platform you use.
This is so because one of the very major features of bitcoin is decentralization which means transactions are made without middle men to track it.
Another reason the government can't track you is because all of the transactions in bitcoin are anonymous and so cannot be tracked.
Bitcoin is anonymous, so the government can't trace you, if you don't do silly things. That's why, bitcoin is so popular among many people, they believe it can't be traced.
until the point that correct now as I realize that proprietor of the bitconi can't traceable, in light of the fact that there are numerous address and the proprietor on the planet, and I think its too difficult to recognize who is the proprietor, I think your nation is begin to blocking bitcoin webiste, all related with bitcoin like nearby exchanger and some more, they begin to square it until the point that people groups in their nation can't get to bitcoin arrange
Bitcoin transactions are not anonymous. Many people think that they can use Bitcoin for any illegal activity and they will not get caught. If you want to avoid this, you could use Monero which is far more anonymous than Bitcoin or use Bitcoin mixing services which for a small fee will do the work for you. It's good if you don't want to use any other altcoin. Governments have tools which help them to track your transaction.
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?
if indeed bitcoin is prohibited maybe the government will create a security system that can track its users may be through the transaction process or the sale process can be traced
Yes that's right! Bitcoin is anonymous. You will not get track unless on the way how you do receive your exchange. Here in my country, if you're going to use your bank account, and you declared in your bank that you are receiving money only for your businesses and you are receiving very huge money which is seems inpossible to earn it for a couple of months lets say 3 to 6 months with a very huge amount. And you are earning it regularly like what we know how we earn in doing bitcoin. Plus, you are part of government employees wherein we have statement of assets and liabilities every year and your declaration in your sources of income is so impossible with the amont you have in your bank account then you will be track at all. But if your going to receive your exchanges through other channels then it's anonymous.
Bitcoin has brought the first revolution in the world's financial system and on the bitcoin will face many challenges that need our support and positive thoughts that will help it to succeed in financial markets
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