bitcoinking11
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July 01, 2018, 03:09:21 PM |
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In general, no one can trace if you have bitcoin or not, but if government suspect you then they can definitely trace you, as they have got the resources to do it.
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tristana443
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July 01, 2018, 03:13:08 PM |
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By selling your altcoin or bitcoin for money. Because you have to go through the bank to get money, prove financial when the money into the bank account. Just like when you visit the web: Binance, bittrex, ... are also monitored through IP
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Punit kumar
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July 01, 2018, 10:29:25 PM |
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If you bought bitcoin through fiat, then you can easily be tracked by the govt. They can track you through your KYC done at the exchange where you bought the bitcoin and then they can trace the wallet where you sent your bitcoins from the exchange. Its not actually difficult.
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lestariptr
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July 01, 2018, 10:29:35 PM |
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I think the government can not track bitcoin. Because bitcoin is anonymous and also difficult to trace. The government also seems unable to regulate and control bitcoin. This has been a fear for the government for a long time. but do not worry about bitcoin.
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iiikkkxj
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July 01, 2018, 10:40:28 PM |
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Bitcoin transactions are anonymous. But most exchanges nowadays requires a verification of your information for you to exchange Bitcoin to fiat. So it is possible only thru exchanges
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farosa
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1 & 0 😏
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July 01, 2018, 11:00:37 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?
They can find you with cryptocurrency sites. Internet provider chefs can know which sites you visit. For this you should do your buisiness better and do not leave a trace. Governments can trace you only with your public adress, if they know. There is not another way. |
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ciciteng
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July 01, 2018, 11:03:14 PM |
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No one can track your Bitcoin. Not even the government.
However, if you have Bitcoin in an exchange and the exchange requires KYC, then the government might able to find out.
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renz0
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July 01, 2018, 11:15:38 PM |
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Since bitcoin transaction is done in a peer-to-peer network,I don't think that government can trace if you have a BTC in your wallet or as long as it isn't regulated or controlled by them.Hence,there are cases when you invest in an ICO's or do trading that requires your identity using KYC policy.And with that,I think they can possibly trace you and the bitcoin you have in your wallet.But not all I guess are having the KYC policy.Well your vulnerability can only be seen through the transactions you are taking into whether it requires the KYC policy or not.
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Prince Malik
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July 01, 2018, 11:24:16 PM |
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Ther is no way only if governement make Spies in social media acounts
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vnck25
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July 01, 2018, 11:54:29 PM |
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They cannot trace any of your Bitcoin transaction, its not only the government, NO ONE can trace those transaction! That's one cool feature when using Bitcoins and other cryptocurrencies. That being said, they can of course locate you if you use an exchange to convert your Bitcoin to USD or other fiat currency. Most of the time exchanges require you to verify your identity (KYC process) and that is how you are traced.
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The cure
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Activity: 448
Merit: 4
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July 02, 2018, 12:20:20 AM |
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There's nothing impossible with todays modern technology,anyone who owned a bitcoins,can trace by the governments. If you have a big amount of bitcoins in your wallet,and you have fear because in your country have a implementing something prohibitions of bitcoin,i would suggest you to transfer to the other country that bitcoin is freely to use.
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thenameisjay
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July 02, 2018, 12:26:48 AM |
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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?
Probably if the goverment have the data regarding selling of bitcoins to banks, they can track you if you exchange large amounts of money for bitcoins. The banks have to identify you first before you transact with them. But they won't arrest you if you have plausible evidences that you aren't money laundering. |
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fortunecrypto
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thecryptocurrency.directory
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July 02, 2018, 12:32:39 AM |
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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?
If some snooping at you and reported you then your government will know it, so protect who you are with when doing a trade, it is also important that you use VPN so they cannot trace your ip and you can trade on exchange, if your government is hard on cryptocurrency, being careful and where you are surfing is very important. |
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whoisyourking
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July 02, 2018, 01:43:23 AM |
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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?
There is no such thing that they can trace you for using your bitcoin because the blockchain created to to make a transparwncy in transaction but hiding your identity annonimously at the same time. Unless they will conduct an investigation about you or compiscating your computer or your device that used in bitcoin transaction. |
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bayu7adi
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July 02, 2018, 01:54:02 AM |
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make sure there are no local exchangers that require you to do KYC
the government could have tracked the existence of BTC owners through a crypto exchange company,
the rest, decentralized assets are difficult to track
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jimmydvd
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July 02, 2018, 02:10:52 AM |
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Bitcoin is not traced because its users can make it without giving their real name, so I do not think you can catch them how they know you have btc while BTC does not mention the name of the BTC owner.
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millionaireshs
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July 02, 2018, 02:47:29 AM |
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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?
That's the good creation of bitcoin no one can determine the specific identity of the person who owned BTC. because when we create an account for holding BTC not all our information detailed was input there right? so we have no worry about this almost all nickname was used to all people during creation of new account so the authority did not traced us in case of that circumstances. |
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karloscimot
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July 02, 2018, 02:50:14 AM |
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it seems very difficult to track the movement of bitcoin gan. because until now still no one can predict or track bitcoin prices except the creator of bitcoin applications.
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BlackRacerX
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July 02, 2018, 03:11:38 AM |
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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 think itnis between the exchanges you've been transacting with or even with the banks you've been selling your bitcoins with in order to take out some cash. But I don't think it is that easy to track anyone with just a bitcoin address, not unless you give them some personal information. |
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hermae
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July 02, 2018, 06:31:34 AM |
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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 is decentralized, so that would mean that the government cannot trace the real identity of a bitcoin holder, I think it would be difficult to find out because our transactions are anonymous. |
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