How can a goverment trace you have BTC?

[mathew232]

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 it is not that simple to track that you own bitcoin unless you reveal or identity or use any document for the kyc in airdrop or ICO.

[LeonJayden.]

It is impossible because btc acts in deep web, and it is anonymous

[adejoke444]

The reason they will be unable to track it is because bitcoin and most other altcoin are created for decentralized purpose where it wont be easy to access someone identity.

[abiola4real]

Its will be EASY for them to trace those holding bitcoin through exchange sire because when registering on exchange we fill most of our details and send i d verification documents.

[lobster88]

I don't think that the government will be able to trace us that we are the Bitcoin users because we all know and aware that the Bitcoin is a decentralized cypto currency that let's our identities all anonymous.

[sri.bima]

The ownership of Bitcoin in my opinion can not be a proof of someone's arrest if it is not against the norms of life around the world or unfavorable transactions such as drug trafficking, trafficking and other illegal transactions. they must know anyone who was directly buoyed with Cryptocurrency as long as there is no problem they are silent not disputed .

[interestinglie]

The government does not have the means to track your use of the BTC unless you sign up for a platform with KYC because to use that platform you will need to send the identifier and pass KYC. It uses blockchain and so it will not be possible that the government will discover you as a user. Just be careful and just keep it for yourself that you use bitcoin.

[kingofworld92]

The government will not easily track you. The government can not track anyone with bitcoin as long as you put your bitcoin in a secured electronic wallet without your identity. That is the advantage of electronic money especially if you have a lot of bitcoin or other altcoin that costs a lot of money or money.

[Bondho Kompeni]

The most important feature that people love is anonymous, with anonymous then making anyone can never be traced, this is what makes many governments afraid to legalize bitcoin for fear of being used to avoid taxes.

[fordrenok]

Yes, there is some way that bitcoin transaction being tracked back. Everyone can see the transaction, after all. That's why what so-called "privacy coin" exist. They provide better transaction system that untraceable, for example, is monero.moreover this is digital currencies which the wallet aren't written any name that belongs to you so they can't trace it.

[gabmen]

Yes, there is some way that bitcoin transaction being tracked back. Everyone can see the transaction, after all. That's why what so-called "privacy coin" exist. They provide better transaction system that untraceable, for example, is monero.moreover this is digital currencies which the wallet aren't written any name that belongs to you so they can't trace it.

They probably won't since your wallet is anonymous. That is if you're keeping your btcs in your personal wallet. Exchanges i think can be tracked already with more of them now requiring kyc verification.

[forestharvest]

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?

From what i know KYC is the only method that is available for third party including government ti know whether are you holding any coins and even bitcoins. I does not think the government is able to track if you have any bitcoin. What the government can do is block the websites to trading of cryptos so as to stop crypto trading in the country, or tracking of IP address might be another method.

[Karie_Legend]

The easy thing about it because the government will track the transactions you make when you melt your Bitcoin.

[Jansaa]

I think it is impossible, if you do not use personal accounts to buy or exchange for Bitcoin and altcoin!

[Baden6]

I think today, the only for the government to know that you have Bitcoin is thru IP address. They will scan your history of searches and the websites that you had visited. They can now speculate that you are owning a Bitcoin and they will do something to trace you through verification when you are using an exchange.

[RyhaniFoyej]

Bitcoin is a digital currency that works peer to peer transactions method. It is quite impossible for the people to track your bitcoin for the peer to peer transaction method of the bitcoin. So, if you ask "How can a government trace you have BTC?" then the answer is government cannot track if you have btc.

[kinhdolaos]

Although you can not track down that person, there are companies that you can hire to do this and the government certainly can. You can not find the identity of this user. No one knows who holds a specific bitcoin address. Everyone can look inside it, but nobody knows who it is. You can have the same wallet but you can use multiple addresses. But if you use a public address, you will easily find the amount of bitcoin stored in this address. So, in fact, it is difficult to identify a bitcoin user today.

[erichall]

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.

Fpbp. If you buy it anonymously then it will remain anonymous unless you end up connecting it with your address or name for a shipment or something.

[kojoannan]

The bitcoins blockchain public ledger does not get trace to a particular person and due to this I think it will be difficult for government to make such an effort to trace bitcoin.

[takesomethingaway]

Bitcoin ownership in my opinion can not be evidence of arresting someone if it is not against the norms of life around the world or adverse transactions such as drug trafficking, they Be aware anyone is directly mobilized with electronic money as long as there is no problem they are silent without dispute. You will need to send the identification number and pass KYC. Just be careful and keep it for yourself that you use bitcoin.