etsonarrantes
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Activity: 252
Merit: 10
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July 06, 2018, 11:27:50 AM |
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They actually can't trace it. There are no names, no addresses, no profile picture in my Crypto Wallet  Just numbers and me. So no one can trace it, if someone thinks that he can, he would lie to his self. That's why lots of people like cryptocurrency, that's why i like cryptocurrency |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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KingOfWinterfell01
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July 06, 2018, 11:47:41 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 transactions from exchanges or even banks that allow the exchange of bitcoin for fiat money. I'm sure that banks will need some personal information from younfirst before you transact with them so I think that's the way the government will trace you. |
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Hube950
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Activity: 114
Merit: 0
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July 06, 2018, 11:50:26 AM |
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Bitcoin cant be traced. Hence, the 'DECENTRALIZED' factor of cryptocurrencies. Its not like a Fiat banking system where there are regulations and protocols that makes it possible for the government monitor people's accounts
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yvuj101
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Activity: 84
Merit: 0
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July 06, 2018, 12:02:44 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?
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. 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. Be careful out there! Wether we like it or not BTC users government can trace us, but we don't have to worry or not to afraid of them we are just helping the economy to grow and stable made of some employment and a job of the community having a job here in bitcoin is a great opportunity to individuals and can do good business. |
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Bitcoininvestment
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July 06, 2018, 12:22:13 PM |
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Bitcoin has a decentralized market which means there is really no person or group that controls it and it also means that there will be no records of any transaction for the goverment. Its really useful to some since it allows its user to escape the taxes given by government yet abused by some. It is really impossible for the government to control or even know you using bitcoin.
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BlackPanda
Legendary
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Activity: 1414
Merit: 1001
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July 06, 2018, 12:25:45 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?
Currently Bitcoin has an anonymous nature and that is the main attraction for bitcoin, thus it is impossible for the government to trace the Bitcoin address. As we know that we can easily create a Bitcoin address and with the help of VPN then everything becomes more anonymously. I'm very happy to use Bitcoin, especially when I do not want anyone to know what I'm doing. For me Bitcoin will not be restricted, as long as we connect to the internet then we are free to use Bitcoin. |
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Erlinda Santiago
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July 06, 2018, 12:35:50 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?
they cant trace your bitcoin because it is stored in safe and secured place unless they hire someone that is very good in hacking online |
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keeee
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Activity: 574
Merit: 267
" Coindragon.com 30% Cash Back "
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July 06, 2018, 12:38:03 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. Exactly, they cant trace tou unless you will going to reveal yourself. Remember bitcoin was decentralized and they doesnt have control on it and bitcoin was in the cryptoworld. Which is online, they wont find you unless you will give some info like in the transactions so better to be careful for your safety and your bitcoin. |
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bajarang8668
Newbie
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Activity: 281
Merit: 0
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July 06, 2018, 12:39:22 PM |
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No one can trace who is bitcoin holder but if you use centralized exchange and use KYC so Government easily finds the who is the owner of bitcoin. So keep your bitcoin in hardware wallet or paper wallet and use the decentralized exchange.
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karagun125
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July 06, 2018, 12:42:51 PM |
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In our country you can be traced up if you have a wallet in coins.ph because it is the medium to have a btc and ether wallet address.
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thegreatdodoy
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Activity: 112
Merit: 0
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July 06, 2018, 12:58:14 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?
May be the government can trace it's not easy as they need to ask for help from other countries to confirmed transactions made because all people doing transactions in crypto is anonymous. |
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privedvelosiped
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July 06, 2018, 01:31:00 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't affect it in any way. You will not be able to withdraw or Deposit to your cards and accounts in your country. Exchange offices and other cash-out companies can transfer information to your special services, who withdrew or replenished bitcoin wallets. Therefore, use the cards of other banks not in your country. |
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Wicked Sick
Member
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Activity: 293
Merit: 10
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July 06, 2018, 06:06:14 PM |
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Unless you are buying your Bitcoins from a regulated exchange which requires verification documents I think you are pretty safe from the government finding out that you own Bitcoins. You just have to purchase your Bitcoins using cash to stay anonymous from websites like LocalBitcoins.
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nellakarisma
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July 06, 2018, 06:51:25 PM |
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I think it's very difficult. to track the bitcoin price and the person who stole the bitcoin from the bitcoiners wallet. therefore in Indonesia if there is a loss and so forth can not report to the authorities (police)
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Chacon994
Newbie
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Activity: 169
Merit: 0
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July 06, 2018, 06:54:56 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?
If you go to countries that do not allow Bitcoins, you are better off telling anyone that you own Bitcoins. The government will not know that you own Bitcoin and they will not be able to penalize you |
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thepers0n
Newbie
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Activity: 224
Merit: 0
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July 06, 2018, 11:38:21 PM |
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BTC platform is anonymous but they can find you on exchanges and different projects where KYC is needed. So you should be careful and use your BTC on necessary platforms
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abhi777
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July 07, 2018, 07:11:27 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 government and state prohibit and give firm sanctions against bitcoin users of course the government will be easy to track down the core bitcoin users if the government prohibits of course we can not do anything to invest |
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Athanasios Motok
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July 07, 2018, 05:16:17 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?
If you say that operations with cryptocurrency are prohibited in your country, then you will exclude all these operations. 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. |
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Nasonn
Jr. Member
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Activity: 616
Merit: 1
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July 07, 2018, 09:06:37 PM |
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It won't be easy but let's say in the course of you trading bitcoin or any other coin in one of the exchanges you left your identity there, they can use your wallet address and trace it to the exchange and most of them are still centralised.
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airdnasxela
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July 07, 2018, 09:11:59 PM |
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From what I have known, there is only one way for a government to trace your bitcoin. It is when you have a transaction which have the use of bitcoin and then you cash it out on a payment processing. It requires KYC documents before they let you cash it out, but they would never hack you wallet or something because it is forbidden. Other than this, there are no ways left because of the decentralization of bitcoin.
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