How can a goverment trace you have BTC?

[Sijan677]

If you doesn't reveal your id then your are safe. Crypto is anonymous so nobody can trace you.  Don't do kyc for ico etc.  I think it's so hard for gov. to trace you or bitcoin holder. 

[1714620903]

1714620903

[adjong]

for me, my government does not know it in philippines because few people know bitcoin here in the Philippines maybe if our government knows bitcoin maybe we have a big tax here and we may be banned anymore. knows our government here

[Yramesor0]

Bitcoin is done in a peer-to-peer network so it is impossible for a government to trace if you BTC's in your wallet. Unless when you are investing in an ICO's or involved in an online trading business that requires the Know-Your-Customer (KYC) policy then probably you can be traced.

[kemonojim]

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 do not reveal your identity, no one knows you are a bitcoin holder.
For this purpose you should buy peer to peer bitcoin from people you trust.

[nightxglow]

Nothing i think? I mean, as long as you don't reveal yourself being a bitcoin user, openly use bitcoin or brag to everyone that you have bitcoin, they won't be able to track you.
Moreover, we all know that bitcoin is anonymous and it's hard to track, we can't really know what's going on in this internet world. So i guess they won't be able to do much.
But since it's banned in your country, i suggest you just follow the rule, or even if you don't want to, be safe, be humble, and never recklessly do something that can get you caught.

[Taylora]

You will sell at some point. If it exchange and under your name, you screwed. If you sell in person, buyer can be undercover...There is lots of things you need to take under consideration.

[Gabah56]

if I find it very difficult for the government to track the price of bitcoin gan. even in Indonesia the government is also not responsible for the loss Assets of the bitcoiners are broken by the thieves group .

[bajigur894784]

Bitcoin addresses can be associated with a real identity if this identity is actually used in combination with Bitcoin addresses in several ways. This includes the address used for depositing or withdrawing money to or from exchange or wallet services or addresses used to send bitcoin to a person including an online store when using a genuine identity.

[tayecrypto]

Many exchanges need you to have a phone number or even a valid national id in order to have an account. Goverments can use that to trace you down if you cash out withouting paying taxes...

[rindayle]

I do not know exactly how, but I think until it is legalized they will not have access to information about our cryptocurrencies including bitcoin. If it's legalized, we can start paying the tax.

[Tipsters]

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 will not be able to track you because there are almost infinite number of transactions which occurs in every exchange. Governments might do data gathering to know how many people on a certain area possesses or even utilizes cryptocurrencies. Nonetheless, I think you will be safe just by keeping a low profile.

[Cj29]

I think the only way to trace is your bitcoin address. Frpm bitcoin address to a bank where you withdraw with your money. Because the transaction will be record on where did you deposit your money

[josephdd1]

I think the only way to trace is your bitcoin address. Frpm bitcoin address to a bank where you withdraw with your money. Because the transaction will be record on where did you deposit your money

Yeah, I very much agree. The only way the government can possibly detect your use of Bitcoin is via the transaction and exit strategy you use.. For example, if you withdraw money from your wallet into your bank account/paypal this would be traceable.

[metallikingz]

it is easy if you are using a centralized wallet like Blockchain.info or Coinbase, or any other that works with that protocol, but i think that you should not care much about this if you are 100% confident in that your country does not have any regulation over btc.

[kimpena]

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 per the present bitcoin's characteristics, identity is anonymous therefore no one can knew you are using it, unless otherwise you give your information to someone who you do not know. Do not trust easily to people who are asking for personal information because they probably do it for some unknown interst or maybe a command from the government.

Yes, bitcoin was exist ik the digtal world and government doesnt hold it. They cant trace you using the internet because that was stupidity if they do that in fact that there are more important issue that one country must focused more. They will just trace you if you surrender and say to that you are still using it and I believe no one will do that. So dont be scared because asnlong as it exist in the digital world, you are stillq safe on using it.

[chainguru12]

government can't trace you as long as you don't do KYC that is the is reason of doing kyc.. sometimes you are trading and the asked of your details i don't think you should disclose your details to them. moreover this is digital currencies which the wallet aren't written any name that belongs to you so they can't trace it.

[alexs_03]

It is impossible because all the wallets are anonymous and there is no way to know which wallet belongs to who in here, that is the reason of why i think that it is more than impossible, bitcoin was made decentralized so government do not have the rights to know how they can trace you have bitcoins.

[teklang01]

In my opinion, since bitcoin is pseudonymous government will have a very difficult time to track if you have a lots of bitcoin in your account. That is the decentralized thing is a very good feature of bitcoin.

[Jannatul Shefa]

I don't think it's possible. Government can't trace anyone who have bitcoin. Bitcoin has their own satellite. Government doesn't have the right to check who have bitcoin in her country.

[Nasonn]

If you have your bitcoin in decentralised wallet, I don't think government will be able to trace it back to you but once you have used any platform that requires your personal information to trade Bitcoin it may be possible that you can be traced through it.