How can a goverment trace you have BTC?

[poldanmig]

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 the government does not allow bitcoin to be accessed, there is certainly a strict sanction and certainly the government can track that possibility, but if it does not prohibit, the government cannot do anything.

[Zaarin]

It is impossible because all the wallets are anonymous and there is no mannerism to know which billfold belongs to who in here, that is the reason of why i think that it is again impossible, bitcoin was made decentralized as a consequences dealing out realize not have the rights to know how they can smack you have bitcoins.

[Wild_Potato]

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 the government does not allow bitcoin to be accessed, there is certainly a strict sanction and certainly the government can track that possibility, but if it does not prohibit, the government cannot do anything.

Yeah keep in mind your government's access to information as well. The US government can find almost everything it wants because it's in Google and Facebook's pockets, but most other governments will have a much harder time getting that kind of info out of an exchange, or even finding out that you are a part of that exchange in the first place.

Now the KYC process enables these exchanges to give over that info, but they don't necessarily do it for everyone. Only the ones who are big problems.

And like said above, if you are careful about your conversions (cash only or offshore accounts) then no one will know where it came from.

[tncbitcoin]

Bitcoin is a decentralized market and cannot be tracked easily by the government. Unless you have submitted a KYC on a centralized exchange and devolves all your information on that platform. With that government can trace if you have bitcoin asset in exchange.

[faithupgrade]

The government cannot simply catch you if you will not cashout your Bitcoin. Use Bitcoin Core for your safety. Local coin wallets, and web wallets has a generic address marks that put you to be traced.

[luxreum]

According to a contract recently obtained by the Daily Beast, the IRS can now track bitcoin and other cryptocurrency addresses. They can do this to route out potential tax evaders. They purchased software from the blockchain analysis group Chainalysis. The tool that Chainaylsis gave the IRS is called a refactor tool. It visualizes, tracks, and analysis transactions on the blockchain.

[rukawa101]

Bitcoin transactions are anonymous and they won't be able to track as long as you don't reveal any of your personal information or used it as you profile and banned is only makes you to use it limited or can't use it all not by getting arrested

[Catch-22]

That’s for the techies to answer. But I guess if bitcoin is regulated, the government would require everyone to declare bitcoin ownership. Perfectly fine with me. I have nothing to hide.

[alpddere]

no one can access his private wallet. but it would be best if you enter the internet with a different country owned IP. You should use a VPN for this.

[DrYe5]

Nowadays it's easy to other especially to government to trace if you have a bitcoin because our technology is hi-tect, just search what you want to know and it show you and you get information by tracking down our wallets, verifying with your original address and photo and your real account.

Maybe you are right but in most of the countries they do not do something like that, of course when they will find a way to make some regulations maybe they will try to trace us but now, for me it is just a little percent of countries where someone could do that.

[GreenCoast021]

It is impossible to open your wallet but when you frequently do transaction and somehow they predict it they only so, it is better to use another ip or change your ip frequently.

[Quinni]

BTC is the product of blockchain technology, and it is impossible for BTC to be tracked by the government if it does not enter an exchange that is already under its real name.

[anehh]

The government can track BTC owners through KYC because at KYC we are asked to state your identity and photos clearly, besides that through government exchanges can also track BTC owners.

[pedropenduko001]

I think we can't be able to track down because of the process of making an account it doesn't need any actual identity and all of transaction are anonymous, unless you show your identity some how like through kyc or something

[CryptoSmile]

The government will not be able to track down the actual BTC owner, because in the process of making an account or ownership of BTC we do not have to use an actual identity and indeed it is also anonymous.

[Rozita]

The government can track BTC owners through KYC because at KYC we are asked to state your identity and photos clearly, besides that through government exchanges can also track BTC owners.

But people can make peer to peer transactions easily. In this way, identities won't be disclosed. The owners of wallets are always unknown.  Even if you withdraw your coins from an exchange to your personal wallet, it doesn't mean you are the owner of that wallet. You might pay to another person. 

[nangiarushali]

Now , the technology have been very much advanced . Just your IP address is enough to know all your online activities.So is the case with Cryptocurrency you own.

[krishnaverma]

This can be done with the help of bitcoin exchanges or banks. To buy any crypto, you will have to first add money to the exchange and then buy crypto with it. It is possible to trace this with the help of both the parties involved in the process.  Now, some people try to hide origin by routing the money through platforms like skrill.

[rumexx]

Bitcoin are decentralized and nobody will trace anybody if you deal on P2P. It is only when you buy bitcoin from an exchange where you have done KYC  that is when you can be traced through those exchanges because they have your record and proof of  address. So try to get your bitcoin through some you know but  no KYC involved.

[Ibrahim1337]

you should use vpn and do not use real address.
that way you safe...