Is It True That Cryptocurrency Senders Or Receivers Cannot Be Tracked At All?

[BTCBEE]

Not all crypto currency are untraceable, some are traceable , i heatd you can use vpn to hide your location thereby making the crypto untraceable during and after the transaction, you can get the address of the sender but you cant get the detailed informations.

hello friends i think all cryptocurrencies can be traceable because man-made computer and cryptocurrencies also so they a way to track it. that's why they ask you for kyc completion and without KYC completion, you can not withdrawal your fund from your wallet.

 

[Adasun]

Crypto is really untraceable.the only reason some one would want to trace a wallet is if the person posted a wrong address.but why would you post a wrong address when you can just copy and paste

 

[Ehizzy1]

I think crypto currency are still 100% t

Crypto is really untraceable.the only reason some one would want to trace a wallet is if the person posted a wrong address.but why would you post a wrong address when you can just copy and paste

Nope i think many people also trace crypto currency so they could detect any invalid or scam transaction that has taken place i think and this could make them want to track the hacker who stole the funds

 

[ahmedo24]

If the government wants to trace cryptocurrencies transactions they can likewise the blockchain team can do that, we have seen some scammers being arrested for Crypto currencies illegal transactions as a result of tracking or tracing.

 

[DareIsrael]

You have a point. Someone who plans on doing something illegal through crypto currency can always use VPN to hide his transactions. This will make it very difficult if not almost impossible to trace this transaction. Generally I think it is really untraceable

This is so true because virtual private network (VPN) gives you online privacy and anonymity by creating a private network from a public internet connection. VPNs mask your internet protocol (IP) address so your online actions are virtually untraceable

 

[Good-Person]

hello friends i think all cryptocurrencies can be traceable because man-made computer and cryptocurrencies also so they a way to track it. that's why they ask you for kyc completion and without KYC completion, you can not withdrawal your fund from your wallet.

Not all wallets require you to complete the KYC (Know Your Customer) process in order to use a wallet. There are many wallets that can be used without uploading a single trace of your dicuments. I use one such kind of wallet and they have never asked me for any documents. They do this to respect the privacy of their users.

 

[BTCBEE]

Not all wallets require you to complete the KYC (Know Your Customer) process in order to use a wallet. There are many wallets that can be used without uploading a single trace of your dicuments. I use one such kind of wallet and they have never asked me for any documents. They do this to respect the privacy of their users.

hello there. how are you ? well, i would like to know that wallet site so that i can use it also. well i have coinbase and blockchain wallet they need always documents for kyc and i have given them already. its required when you withdrawal.

 

[Ub40]

Personally, I can say that it is nearly impossible for a sender or receiver of cryptocurrency to be traced. But with the tech age that we are, there may be a means to track the receiver or sender of cryptocurrency. This is just my thoughts though. I think more research will help on this. Good luck!

 

[GoldenLady]

One thing I've learnt as a noob in cryptocurrency that it's highly untraceable. Doing so would mean going through lots of information.

I've recently read about hackers trying to identify a person using something called a "Dusting attack".

 

[Monster Masterpiece]

If crypto wallet provider will provide identity of receiver for example you search on bitcoin adress on coinpayments or coinbase or spectrocoin if you search into bitcoin address owner to know his identity after being scammed then users of cryptocurrency will be reduced.

 

[Sammyesx]

That is the case, it is very unlikely for a crypto currency to be trace, I believe that was one of the intended purposes. That is one of the reason some countries government is skeptical about it, because it facilitate criminal activities.

 

[Ralphjoe]

Tracing cryptocurrency is quite an I herculean task because of the technology that is expended in creating it. When it comes to people's personal cryptocurrency wallet it will be easy to trace but when it is used for payment to different wallet it will be quite difficult to trace.

 

[Monster Masterpiece]

Tracing cryptocurrency is quite an I herculean task because of the technology that is expended in creating it. When it comes to people's personal cryptocurrency wallet it will be easy to trace but when it is used for payment to different wallet it will be quite difficult to trace.

Coinbase or Coinpayments generates a deposit address for every single payment operation alternativelly you can process payment using your Coinbase or Coinpayments account so transaction are tracable for merchant site to control incomes.

 

[Sake]

I don't think so, there some claled security coins which is backed by banks or a country thise are traceable i guess

 

[Nurudeen]

Yes crypto currency exchange Business or transaction is not traceable just because it isn't coordinated or regulated by any government agency to know it's source of transaction and that's the major reason why some countries have placed a ban on crypto currency exchange Business in their country

 

[Ehizzy1]

Coinbase or Coinpayments generates a deposit address for every single payment operation alternativelly you can process payment using your Coinbase or Coinpayments account so transaction are tracable for merchant site to control incomes.

Wow i never knew this exist on coinbase , i guess i would actually make more research about the tracking and others on the site , because i hardly see any site who offers such benefits i think , since the ones i have been seeing don't offer such i think

 

[Usman Shafqat]

When you open block chain there will be cyripto transaction and you can then browse. Almost of 100%cryptocurrency cannot be traced. Who is the sender. So this can be easy to identify who is with the KYC. You can also discuss about Bitcon and pi crypto with the walled.

 

[Dowenship]

They say that cryptocurrencies are 100 percent untraceable or untraceable to some extent. I would like to what are the chances of successfully tracing the sender or receiver of cryptocurrencies? Thanks.

Without the keys that have access to the wallet then the money is untraceable unlike banks where your money is under the influence of an organisation or body but crypto wallet is your money... Its under your control...

 

[BrolySSJ]

They say that cryptocurrencies are 100 percent untraceable or untraceable to some extent. I would like to what are the chances of successfully tracing the sender or receiver of cryptocurrencies? Thanks.

I don't think the cryptocurrencies are actually considered to be completely anonymous because at the end of the day it is possible to trace the IP address that is accessing a specific wallet or crypto currency exchange.

 

[Mostee501]

Cryptocurrency coins transactions are mostly not traceable, that's why their is always a warning in performing transactions such as transfers to confirm the details before proceeding.