How can a goverment trace you have BTC?

[brylle34]

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 way they will discover you, the worst case scenario is that they will ban all the website that has a connection with crypto currency. as long as you will not expose yourself i think there is no way. the county Venezuela does not ban crypto.

[1714651816]

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[Bitkoyns]

we are all anonymous here so it is hard for the government to trace your bitcoin transaction unless there are some service provider that acquire your identity then government ask for it but it should confidential still.

[addeqt]

What they could do is to simply request all the the wallet provider to filter out who among their customer are from valenzuela. But the things could be easier than done, because those wallet provider would be also punishment if they are allowing those people to register and have an account in them. So, if no one will help your government to track those people, they will not know where you from. Another thing to make it sure is to refuse from company KYC, or the time where you need to upload a valid ID to activate your account. There are lot of wallet provider in there that they don't require you to enter your personal details.

[SeVenlast]

It becomes easy for them by looking at the transactions you make in a bank and attracting a lot.

[sphincter007]

Bitcoin is designed to be anonymous in any transaction unless you let someone to know your identity.If thats the thing im pretty sure they will trace you.

[AdoboCandies]

I think the government doesn't or will not trace you it's impossible because I think the bitcoin made the transaction anonymously and quietly because when you made a transaction you can only see your public wallet address on the bitcoin block explorer unless you tell them your identity and your public wallet address but why not the government can do anything by the power of technology maybe they are tracking your IP address and getting your histories  just joking but always be careful.

[guybrushthreepwood]

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?

How can the governments track or trace you with your IP, cell phone, credit cards etc etc? You could be anonymous with all those, but only if you're careful and with bitcoin it is the same. You could use top-up debit/credit cards, proxies for your internet connection and throwaway pay-as-you-go burner phones that you've all paid with in cash (or even bitcoin), but if you've slipped up somewhere and there's some way someone can trace the usage of those devices or services to you then the powers that be can do some good old fashion detective work and find out who you are. Look at Ross Ulbricht for example. There's not many people who needed to be as anonymous as him, and despite him being very careful to hide his identify and whereabouts, he made a simple mistake and has now paid with his freedom for the rest of his life because the one slip up exposed his real life identity which ultimately led to him being arrested. He certainly could have been anon for ever, but it's is very difficult to do so. Nobody has discoverer the identity of satohsi... yet, but they may or may not do eventually. If you use bitcoin or services that can some way be traced back to you then you can slip up.

You must remember that bitcoin isn't fully anon and is pseudo-anonymous. The bitcoin blockchain is built upon a huge public ledger so that means everything is recorded. If you're worried about the security or safety of using bitcoin then you must be careful to make sure that nobody can tie your usage to your real world identity at all, and this isn't that easy as many people find out.

[bryant.coleman]

It can be difficult for the governments to trace you, if you are not converting the coins to fiat cash. But once you convert it to cash, everything becomes traceable. But still, it takes a lot of time and effort to identify the individual.

[jmiro1]

Although Bitcoin is decentralized and anonymous, there are still ways for the government to catch you. The government has access in so many things than you think. They can deduct that you are a bitcoin user. If you stay careful every single day, then you can be safe. It's harder than it sounds. Living in crypto world when it is banned makes it more difficult. All the best.

[BestW1shes]

If forced to undergo verification at the exchange, then by transactions of the wallet

[hakertajniak]

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?

Unless you sell your bitcoin in your local exchange and send fiat to your bank account, i think the government cannot trace you.
But the problem is, usually when you want to withdraw fiat to your account, it is required KYC to do so. Your identity will be exposed.

[Arafat01775]

It could be,that government trace you have btc if you use real IP address. You have all time be careful to buy and sell bitcoin. If you use exchanger for bitcoin buy sell then it is easy to find you. That's why you have always use fake address.

[rawr1620]

I know bitcoin or distributing bitcoin requires blockchain in which it is difficult for even most advanced GPU to make. The only way for government track your bitcoin is maybe through your transactions when you reveal your identity or by ip addresses

[makolz26]

Since most of the exchange right now requires KYC that is why it is not possible for our government to trace whether we have bitcoin or not, they can easily detect it if they really want to, they can get the data from exchanges and in that way they can trace who are the people of each country who are earning bitcoin, and who are not paying tax for it.

[Hassan02]

Since most of the exchange right now requires KYC that is why it is not possible for our government to trace whether we have bitcoin or not, they can easily detect it if they really want to, they can get the data from exchanges and in that way they can trace who are the people of each country who are earning bitcoin, and who are not paying tax for it.

true so they may know have some chances to see of who are the person that are owning some bitcoin yet better security are the best on it we should be able to make this for us to be safe on.

[Rana590]

To find you, it is really hard. Government won't be able to find you without exact information. If you use kyc in every sector, then they will be able to find you. Otherwise, as a decentralized, no one can track properly.

[gaurav82]

I am from India and here crypto has banned. Government has full eye through bank. For purchase and sale need bank account. By bank account government can track easily. Exchange counter is also a way for government. I know only this. There may be another ways.

[McDee]

In fact, if you are very careful, it is almost impossible to understand that you own bitcoins. But it only works for someone who regularly takes all the necessary precautions - uses bitcoin mixers and stuff. Those who talk about their crypto-currency assets to their friends - risk too much.

[MrRiuss]

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. i dont think the government could trace you that easy. because the anonymously of bitcoin, some people use it to money laundrying

[staceyrita]

If they close a bitcoin exchange place in your country and have an official state ban that bitcoin simply can not or live in your country.
in my opinion, you can stay in safe condition because maybe the official ban is not yet in your country.