Topic: How can a goverment trace you have BTC? - page 39. (Read 4077 times)

Bitcoin is built on the Blockchain platform with extremely high anonymity and security. Therefore, the government certainly can not know you are owning and trading Bitcoin. The government will only detect if you have the carelessness of converting Bitcoin to cash from a state-run bank and at the same time leaking information from customers. In addition, only you know exactly how much Bitcoin you own.

That's how I feel personally, as long you don't hold a fortune such prohibitions are not that serious, countries like Venezuela lack infrastructure to keep track of the population affairs, of course, it's still dangerous but I can't see a BTC holder as a criminal just because the government made it forbidden.

As long as you don't reveal your identity, no one will know you are a bitcoin holder.

every government must have sophisticated technology and have experts in the field of technology, especially on the Internet network. bitcoin is not strictly prohibited by all governments, since most governments have banned the use of bitcoin if they do for real transaction activities without using existing local money. but there is also the opposite, the government allows the use of bitcoin if they are able to convert first to local currency that exists, therefore the existing local exchange site has its own security and able to convert bitcoin into local currency, but without us know the local exchange site able to work with the government because every member who uses the local site can send money to his bank account through approval must verify the identity of its users.

Bitcoin transactions are anonymity in nature. It means they can not track down who is the user who trasacted with others. But... But if you gave them your address they can track your transactions you made
And it is not illegal to keep bitcoin as long as i am in my country

In my country, users are detected. Before making a wallet user has to fill up all information. This happens because the government has its plan to recognize bitcoin as a form of payment. Large number of people in my country actually has tge access in the cryptosystem. Gettinh information also makes the system regulated.

I'm also curious about this question.
Because we're not a technical person, we don't know how to track it.

If they will have access on your computer and get the information that they need like the wallet of your bitcoin and also the bitcoin wallet address then that is how they are going to trace that you have bitcoin but if they are just tracing where you at because of your bitcoin address then they will fail because bitcoin is anonymous and untraceable.

I think it is hard for the government to trace Bitcoin users because it very broad and anonymous. But if they really serious about it they can find ways and means to trace people. But they must be very careful because they might get the wrong persons and can cause chaos in the country.

First of all, it is easy to see your IP address and the government can actually see what you are browsing, with their IT experts or with their hackers that can access your computer easily. Also, what they can do is ban all crypto related and if you try to go to a website it will show a warning or an error that it impossible to access. They can easily track you especially if you make transactions online and they probably can arrest you depending on the government rule in Venezuela.

If you do not do transaction activity in Online Shop, or other official store, I think you will be safe.

it just my speculation, tracking bitcoin activity is useless because it will very hard for them, but i think it will happen if they trace about your bank account, the transaction in bank account, if your back account have related with bitcoin and exchanger the government can trace you with your transaction

Absolutely have some ways to field search bitcoin users and got them.buy sell tracker in your country.2FA verification of your NIC card. exchange KYC verification.

if you know this is banned  in your area , seek and you really to look for ways to you not to trace by government, they can't easily know you there because your account is anonymous,  unless your neighbor or friends will tell others that your a member of it.  That's why if it is not OK in your country,just private your details about it.

Good question !!

 I think the transactions are encrypted and decentralized, but the cypto exchanges aren't. I believe they can trace when you convert to fiat money or when you spend it.

It will be very hard for them to know if you own bitcoin or not, unless you are announcing it to the world. Transactions are almost anonymous and hard to track. Avoid centralized exchange that requires KYC and you will be fine. Good luck to them tracking every address in the blockchain just to find you.

Since bitcoin transactions is done in a peer-to-peer network, I think government won't be able to trace if you have bitcoins unless you yourself or somebody tells them that you have.

it all depends on your privacy
what data do you share on the internet?
the digital world has a treasure, called DATA, where every information, is very valuable and can be used for various purposes

Of course they cannot as long as you don't reveal it by you own.

This is the best way to retain privacy -- p2p trading with cash. Technically, it isn't anonymous since you still need to interface with the buyer/seller. He knows some things about you like Localbitcoins username, what you look like, maybe your phone number.

That's the only way I use Localbitcoins -- basically as classified ads. You won't pay escrow fees or deal with KYC that way.


Use TOR for web browsing (including broadcasting raw transactions). You can also automatically route your internet connection through a good VPN like Private Internet Access.


Indeed. But let's think about that.

When you interface with the internet, web sites, merchants and third party payment processors, you leave behind an abundance of data. Cookies, IP addresses, email addresses, usernames, wallet public keys/addresses (as with lightweight wallets), browser and OS information, etc. Much of that data will be stored, somewhere, in a database.

And one day, when the police/government are investigating you, that information might become accessible to them. That may not matter, depending on what you are hiding (or not hiding). But due to the public nature of the blockchain, if they can tie some transactions to you, they may be able to discover much more about your historical activities and financial holdings.

Maybe this possibility is remote; maybe I am paranoid. But I think we all ought to be thinking about this shit now, before governments and blockchain analysis companies develop more sophisticated surveillance systems.