Topic: How can a goverment trace you have BTC? - page 7. (Read 4092 times)
It isn't possible to track your identity as the cryptocurrency scene is decentralized and anonymous. You will only be tracked if you use an exchange where you revealed your identity e.g passport details, photograph, etc. I advise you carry out crypto transactions in a P2P basis so you don't get roped in your country.
I think it will harder for them to find that you have btc.It was decentralized but if they smarter maybe your transfer of money or exchange ,they can tract it.
It's very hard to know the government and trace the bitcoin holder long as you can hide your identity and they don't know your wallet.
If you are a bitcoin holder, you need not to verify your identity in any exchange or do KYC on any website like exchanges, bounty, etc.
Also buy bitcoin from peer to peer as the government can track you using the exchange you did KYC on.
Also buy bitcoin from peer to peer as the government can track you using the exchange you did KYC on.
we all know now the technology in the all over the country is so upgraded now, because goverment is so powerful because the new technology in our country and They have a power to trace our bank account or any thing that we have.
Without information about you it is impossible for any government to trace that you own bitcoin because they cannot open your wallet.
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 are actually so many ways to track you if your government really puts effort into it. But I dont think they will go into that deep just to trace you out especially if you just enough bitcoin for yourself. But the best thing is to lie low and keep silent avoiding any attention.
You have no right to be punished, if you are punished because you have bitcoin, then you should ask them, "If I have bitcoin, what is the negative impact on this country (venezuela)?
surely they will be confused. Is the bitcoin in venezuela banned 100% (although only have it)
Defense your self cause you are not criminal you are only bitcoin user .There's no right to punished you. I think your fellow mens are not open minded in this kind of business. surely they will be confused. Is the bitcoin in venezuela banned 100% (although only have it)
The bank is transparent? In which universe are you living? Or do you mean in disclosing information to the governments?
All this talk of anonymity of bitcoin doesn't reassure me. If someone wants to find you these days, it's not hard. People recklessly leaving behind cookie trails that can be tracked if the issue is serious enough. There were even a few high profile arrests of criminals a while ago who were using bitcoin for something illegal which eventually caught up with them.
But if you're just going to use it to avoid paying taxes and protect yourself from a currency that is turning into toilet paper, I'm sure they can't afford to waste the energy to track you down.
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?
the government is very easy to track everything related to bitcoin if bitcoin has been banned by the government and what I know we cannot do anything if the government has banned
No, government cant trace it. As you can see crypto is anonymosity
Do not buy or sell through credit or debit cards bitcoin or cryptocurrency. Use electronic money, such as Perfect money or other payment systems. I think my thought you understood.
I think this is hard to do because bitcoin transactions are anonymous, which is not easy to track. However, if you use the exchange transfer, your account is not kept confidential.
Until now I don't know how the government found you or knew you if you had bitcoin. .this is not easy and the Government cannot track the bitcoin owner because it cannot be tracked and only the amount of bitcoin can be seen. Bitcoin is very anonymous and no one will track every transaction or who has bitcoin in their wallet. that's the advantage of the crypto currency especially if you have lots of other bitcoins or altcoins that cost a lot or money .
That is nothing conceivable to happen, since bitcoin is decentralized in this manner exchange is mysterious except if on the off chance that you making exchange that would encourage you to uncover your personality. By and by, you will not stress over it's not wrongdoing and they have no capacity to take your bitcoin far from you.
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 think it is hard for the government to trace the people who have bitcoin even though they banned bitcoin it in their country. They will have an opportunity to trace the people who have bitcoin if they exchange it into fiat money and use KYC procedure. Don't be afraid using bitcoin just always be careful.
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?
As far as I know the government cannot possibly track everything related to BTC, because until now the fact is that there is no government that has tracked BTC users. but this thing also we have to be more careful "
it can't be clear because we send our money through an address wallet that doesn't use the automatic name we won't know
If you don’t sell your Bitcoin through exchanges you do KYC from, you should be safe. I Guess the worst thing that can happen is your government trace your IP address and found that you access some bitcoin wallet or so.
If you simply own BTC it might be hard to trace you, the problem might although appear when registering on exchanges and filling the KYC procedures.
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?
Actually I do not know how can government trace us if we have Bitcoin. They said they can know it by the gadget that we use because there is an IP address.
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