Wallet software

[mrjoshy]

Can Bitcoin be traced through Cipher Trace

[JeromeTash]

Bitcoin blockchain is a public digital ledger

You can also trace Bitcoin transactions using blockchain explorers without breaking a sweat and minus using ciphertrace.
But how is this about wallet software?

[Potato Chips]

I feel like we are missing some information from you, op. What do you want them to/not to find?

What I can say is, ciphertrace is a blockchain analysis company therefore, it is safe to say they have far more better resources when it comes to tracing transactions as oppose to average users/tools especially when one tries to obfuscate their tracks.

[o_e_l_e_o]

Guarda Wallet

Closed source.

Exodus Wallet

Closed source.

Mycelium1.

Open source, but terrible fee estimation and doesn't even support RBF.

The only wallet in your list which is an actually good wallet is Electrum.

[rat03gopoh]

Can Bitcoin be traced through Cipher Trace

I haven't seen any past accomplishments for this service, so can't confirm their current capabilities.

-snip-
But how is this about wallet software?

I see these services are not even wallet related, just a transaction investigator service and also (presumably) provide a personal financial "controller" for law abiding citizens. If you are a privacy buff, this service is almost useless.

[sheenshane]

Can Bitcoin be traced through Cipher Trace

If ain't mistaken, this is a company that offered specializes in blockchain analytics services and cryptocurrency investigation solutions.
The same with Chainalysis, they offer software tools and services that assist businesses, government agencies, and financial institutions in understanding, and tracking cryptocurrency transactions.

It seems OP wanted to know if possible for the wallet software can be tracked the transaction and identify the owner.
I think OP needs to come back and give more clarification about his question.

[Darker45]

Well, Bitcoin transactions could be verified by everyone. The blockchain is transparent. You can check which address sends to which address. You can check how much is sent. You can check whether the transaction is already confirmed or not, or whether the funds is kept or spent. You can check when the transaction is done.

But if you are asking whether a Bitcoin or a Bitcoin transaction could be traced to you, I don't think there is an absolute yes or no answer to it. Although Bitcoin is only pseudonymous, anybody please correct me if I'm wrong, but if you were careful enough and have valued your privacy every step of the way and you cleared yourself of any tracks every time, I guess it is possible for the likes of Ciphertrace not to complete the puzzle and finds certainty in linking a Bitcoin to a real-world identity.

[Oshosondy]

Can Bitcoin be traced through Cipher Trace

They are analytic organization. They can be able to trace some transactions. But some scammers and hackers are having high technical knowledge and know how to avoid tracking.

What can make the thing easy are if the scammers or hacker uses an exchange account or if using IP address to connect to wallets.

Are you scammed or what? Why asking this question.

[o_e_l_e_o]

But some scammers and hackers are having high technical knowledge and know how to avoid tracking.

You don't need to have a high technical knowledge in order to avoid blockchain analysis and mass surveillance, just pass your coins through a good mixer or coinjoin with JoinMarket or Whirlpool.

And neither do you have to be a scammer, hacker, or doing anything in the least bit suspicious in order to want to protect your privacy. The vast majority of people who use such privacy services are simply ordinary people who do not wish governments, businesses, ad agencies, marketers, and a huge number of other third parties tracking everything that they do. Keeping your financial activities private is just basic security and common sense.

[CarnagexD]

Can Bitcoin be traced through Cipher Trace

You can see through the transaction history but information will be limited because it's a public online ledger. Mostly with p2p transactions and without KYC to people involve, it will be hard to trace where a BTC or cryptocurrency will be. For instance, if one wallet to another is transferred to an offline or hard wallet, then it won't be traceable online. It could also be considered as lost crypto too.

[merekamo]

It's unclear whether Cipher Trace specifically provides the capability to trace Bitcoin transactions. I don't agree. Because Cipher Trace specializes in blockchain analytics and cryptocurrency intelligence. Also providing insights into transaction flows and identifying suspicious activities.

[joniboini]

For instance, if one wallet to another is transferred to an offline or hard wallet, then it won't be traceable online. It could also be considered as lost crypto too.

If you're referring to transferring from one address to another, I believe you'll still be able to see it on any explorer even if you use an offline wallet. If you want to break the link then you can use other options like coinjoin or mixer to obfuscate your transactions, assuming you don't expose other information that can reveal your personal information. I don't think people consider them as "lost crypto" too. CMIIW.

[o_e_l_e_o]

If you're referring to transferring from one address to another, I believe you'll still be able to see it on any explorer even if you use an offline wallet.

You are correct. The network has no concept of which addresses happen to belong to hot wallets or cold wallets, which wallets are currently connected to or disconnected from the internet, or even if an address is not part of any wallet at all and no one knows the private key. All transactions are public, regardless of the addresses involved.

I don't think people consider them as "lost crypto" too.

Also correct. You cannot say that just because an address is dormant that those bitcoin are lost, and the 4 million or so number that gets thrown about various blogs is a complete guess. The number of provably lost bitcoin which can never be spent due to technical reasons is very small, around 2,828 BTC.