How can a goverment trace you have BTC? - page 40.

Thecryptocurrency09

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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?

At first, I also taught that bitcoin was n metely fprmed anonymously. This b is how it is made and was made. Yet, as fast as technology evolve and innovate, so does organisation and/or people could great a way to track bitcoin users n

bitfocus

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Exchanges and KYC helps government to Trace you

joebrook

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Quote from: Rozita on May 14, 2018, 06:19:17 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?

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.

Inspite of all these assumptions, there are still cases where bitcoins transactions has been tracked by law enforcement agencies like FBI and others and this goes on to show that it's really not that anonymous as we thought that it was and therefore can be traced.

HatakeKakashi

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It easy to track I think because of the IP address you used. Like if the account of your wallet also have your name and your idetification.
If you not do bad I don't think we scared to the government because bitcoin is a legit . If work with legit company and that is bitcoin. But if you not submit any of your information maybe you will not be trace.

fernandoaleixo

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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.

I see! Thanks for the info bro, and that leaves me with another question... What if I try to mask my IP? Is that possible? I'm worried about the people of small countries where BTC is banned but I wonder if the government also has the means to track you effectively (since they're really poor governments after all).

Be careful out there!

fernandoaleixo

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I've seen a lot of mixed opinions whether the government can or not track my transactions, so let's say unless you make really big deals in a country like Venezuela you won't need to worry, right?

Brookie

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Probably, it depends on the governments who want to find bitcoin users who are already if bitcoin is banned in the country. You should be careful with transactions made using bitcoins.

bitctrimor1

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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?

At the moment, I don't think that a government is concerned with that, but I would say this, if a government really wants to do that, I would say that they have such capacity to do so. The government holds the most people in one country, including the capacity to use any technology they desire to better their interests even if its means invading one's privacy and looking into his dealings, including his cryptocurrency dealings, most especially if you are in technologically advanced countries like the USA or China.

Ishiro5

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I doubt this is really possible or practicable. For the purpose of investigating a crime, that may be reasonably feasible but not to monitor transactions for the general public.

jhonnydeep87

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Exchange now every day requires veriication of your information data for you to exchange bitcoin through fiat. The government can also use IP addresses to track you. When you can use decentralized exchanges to avoid them. I myself do not use any of it. You can also use something like TOR to hide your real IP address. You do not have to worry about not easily tracking you as long as you can hide your identity from an exchange that requires verification. Cool

vnck25

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If you buy and sell Bitcoins from a person there is no way for ANYBODY to track it. If you can ask for cash when selling and pay in cash when buying that would make thing perfect, no trace what so ever that you made a transaction! Bitcoin transactions via the blockchain is 100% anonymous, so there's no way to track that its you who are move them everywhere. The one place that people can know that its you is if you buy/sell BTC or to that matter any other crypto via an exchange ( eg: Coinbase ). Hope this helps!

Rana590

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As bitcoin is a decentralized method, it is not easy work for government to track identity. It is really difficult for the government to track anyone who using btc without giving proper information.

jak3

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No matter What you do you will be tracked one day and the main cause of it will be when you are going to transfer your Bitcoin into Real world money. As long as you are inside the Bitcoin system yourself and anonymous. Although we are still trackable just like FBI did. The track down the owner of deep web shop and arrested them even though they're using Bitcoin payments this still got succeeded in tracking him.

edjames

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If you're not using a VPN they could see that you are visiting exchanges or wallet site such as MEW
Obviously, this doesn't prove you hold any crypto but it will probably get your name on a list. if they really wanted, they could get the ISP to "man in the middle you" and decrypt the https to confirm you are making transactions, but this is probably targeted to really serious criminals.

Don't forget it's a public ledger and so any transaction you make could be potentially be anonymised (you buy it with dollars from a bank account in your name), or buying stuff with it that is delivered to your address, etc.

castellodocet

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I think it's possible for them to know if you have bitcoins if you have sensitive data linked to your wallet address on the internet

Lamisa asfiya

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Goverment can trace if you have your own bitcoin wallet like coins base. Goverment can track if you register your account while entering. If you register with your photo and NID card, you can easily track.

Mia Wallace

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No, it is not possible for any government to trace the Bitcoin user because it is decentralized in nature and no inter mediator. It is anonymous only the buyer and seller deals without a third party. The transactions are are recorded in an electronic ledger which is controlled by the blockchain technology. The Bitcoin can be operated through out the world electronically. This is a modern form of economic transition for the benefit of the humanity which will be a contradiction to current concepts for the modern era.

Hairpin

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Bitcoin's has its share of privacy shortcomings. So perhaps during a trade, it can be traced. But the demand for financial privacy won’t disappear, and new systems are already emerging.

macchiato

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They won't be able to find you unless you have signed up for some exchanges that requires personal info or in a KYC. Bitcoin is from a decentralized system so unless you spoonfed the internet with your personal info in connection to your addresses, you will be safe from being tracked down. That is why you should be careful on the things you participate especially because you live in a country where bitcoin is banned.

dimastegar

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Small Trader

Perhaps the government can take our data through some local exchanger that exist in their own country. Because the government has special rights and special regulations to do so. And I think the exchanger can not refuse it.

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