rye18
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June 12, 2018, 01:47:27 PM |
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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. |
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longskie0327
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June 12, 2018, 02:02:08 PM |
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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.
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barabarian1
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June 12, 2018, 02:07:35 PM |
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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.
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trolltalk
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June 12, 2018, 02:14:55 PM |
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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.
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iv4n
Legendary
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Activity: 3136
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June 12, 2018, 02:23:30 PM |
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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.
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btc78
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Eloncoin.org - Mars, here we come!
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June 12, 2018, 02:25:10 PM |
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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. And as long as youre not providing a Know Your Customers verifications ID you will be anonymous but not the transactions youre doing because it was traceable. 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 |
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gelliiknya
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June 12, 2018, 02:30:01 PM |
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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.
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gjtnwls1
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Activity: 378
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UNCLOAK™ - Cyber Threat Detection Powered by EOS™
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June 12, 2018, 02:34:04 PM |
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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.
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Desscount
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ComboLabs
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June 12, 2018, 02:41:50 PM |
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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 |
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robocop3
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June 12, 2018, 02:46:23 PM |
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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!
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luisdvmd25
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June 12, 2018, 03:07:37 PM |
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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.
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Cryptocb
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June 12, 2018, 03:14:34 PM |
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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.
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Finestream
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June 12, 2018, 03:15:51 PM |
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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 believe bitcoin transactions remained to be anonymous up to the present but with the appearance of some exchangers today who already require KYC,then the government might have high chances today of tracing those people who owned btc.You just need to be very careful in choosing of your exchanger so you won't be identify. |
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no0dlepunk
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June 12, 2018, 03:17:04 PM |
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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 only way to track you down is to see your bank wire transactions. Or if you are using a third party cashout services and you have verified your identity with them, it might be used too. |
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jakoylantern
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June 12, 2018, 03:34:10 PM |
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For me, that is one of the abilities of bitcoin, and that is to transact your money anonymously, that is one of the excellent ability and capability of bitcoin. We all know that bitcoin is decentralized and that is the main reason why bitcoin is prohibited to some country because it is very challenging to trace its users if they are super careful. But in the other hand, its difficult to find an exchanger that will accept bitcoin into your country if that happens, because some exchanger now knows that your I.P code’s is prohibiting cryptocurrencies.  |
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martinsidole
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June 12, 2018, 04:03:55 PM |
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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. 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.
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ShawnJessie
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June 15, 2018, 03:57:50 AM |
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i think if you will become silent then no one can trace you.
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zmkriel
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June 15, 2018, 04:12:45 AM |
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They cant. Bitcoin is decentralize and there is no possible way to track down your transaction/info unless they were able to log in into your wallet. And that would be easy for the government, but if they do hack you, it's a breach of privacy.
Yes i believe also that bitcoin holders are not traceable since it is created as decentralised cryptocurrency and not being controlled by anyone else but only ourselves or the person than we trusted most to know our wallets important information. Breaching in someone’s privacy even if the government will do is prohibited also and if that happens, i think we can counter file the case for invading our privacy. |
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logan.logan
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June 15, 2018, 04:13:54 AM |
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I think they cant trace if they didnt know your bitcoin address or your wallet address.The only thing they can know that if you are holding BTC or any other coins is if you given your KYC into an exchange.
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careCentre
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Activity: 149
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June 15, 2018, 04:19:41 AM |
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Looking at blockchain technology, it's very easy if you want to find someone's total number of bitcoin, the government simply track your bitcoin wallet and if you register your account when entering or verifying with your original address and photo because bitchin with Blockchain technology has a decentralized system. It also 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 the government to find out that you are using bitcoins. There are ways to stay anonymous with crypto, but it requires VPN or tor, hardware wallet, all buying and cashing out to go through local bitcoins. It is easy to cover your tracks on the internet, you can master all of them if you spend some time reading about it and trying different ways.
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