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

[GIFTMICHAEL]

Tracking Cryptocurrency transactions is possible. The exchanger that took his or her personal data can help in that, if malicious things is carried out by the crypto enthusiast in the cryptoworld.

 

[Eodine]

Some crypto currency like doge actually have a database that keeps record of transaction and even bitcoin that is believed to be untraceable has a ledger system.

 

[Elizaukpe]

If platform like Twitter can be hacked,then there is no limit when it comes to hacking sites especially on cryptocurrency that's started as airdrop program.

 

[Good-Person]

Tracking Cryptocurrency transactions is possible. The exchanger that took his or her personal data can help in that, if malicious things is carried out by the crypto enthusiast in the cryptoworld.

There are some exchangers that do not require you to send personal information if you are exchanging cryptocurrencies with USD to payment processors. However, I believe that many exchangers do require you to send some documents if you want to exchange crypto to real cash but I think it is still possible to anonymously exchange crypto to cash using third party payment processors.

 

[Damscooguns73]

Concerning if crypto currencies are 100 percent untraceable. Well, I don't know being 100percent untraceable but it is untraceable to some extent especially when an individual send it to an incorrect address, it would be hard or can't be traced

 

[Good-Person]

Concerning if crypto currencies are 100 percent untraceable. Well, I don't know being 100percent untraceable but it is untraceable to some extent especially when an individual send it to an incorrect address, it would be hard or can't be traced

I am not sure if crypto currencies being sent to incorrect address has anything to do with being cryptos being traceable. I personally believe that it might be possible to trace crypto currencies but it is not that easy. This is why some online wallets require you to send documents before you carry out transactions. However, not all the wallets require you to send docuements. I believe that being anonymous is one of the main features of cryptocurrencies.

 

[Richard92]

When you lost your cryptocurrency or transfer it to a wrong account ID it is 100% untraceable you can't get it back again.

 

[tyrim88]

Is it true that the senders or the receivers of cryptocurrency cannot be tracked at all? Cryptocurrencies are a kind of decentralized digital network and no single organization can control it. It is transferred digitally and no one can reveal the identity of the sender or the receiver. So is it not possible to track down the sender or receiver of cryptocurrency transactions?

I think this is the reason why a lot of state want to have at least some measure of control concerning the issue of cryptocurency.The transaction is done end to end with an encrypted nature.I personally have lost some cryptocurency sent t a wrong address.

 

[eLdavis]

I think you might not be able to track it to the point of finding the Identity of the sender and receiver but the transaction can be traced to see If it has been sent or received through the help of blockchain.

 

[Senator]

Those cryptocurrency senders and receivers that cannot be tracked are those that the exchanges don't conduct KYC for their users. But with those that do KYC, it can be tracked

 

[Good-Person]

Those cryptocurrency senders and receivers that cannot be tracked are those that the exchanges don't conduct KYC for their users. But with those that do KYC, it can be tracked

I believe there should be some way to track cryptocurrency senders and receivers. The goverment is capable of doing so. The belief that cryptocurrencies cannot be tracked is a myth. Cryptocurrencies can be tracked even if a person is not a verified person.

 

[Monster Masterpiece]

I believe there should be some way to track cryptocurrency senders and receivers. The goverment is capable of doing so. The belief that cryptocurrencies cannot be tracked is a myth. Cryptocurrencies can be tracked even if a person is not a verified person.

All crypto wallet requires KYC like Coinbase or Coinpayments or Binance or Rupee so KYC is to prevent fraudulent use of cryptocurrencies assets instead of being anonymous.

 

[GIFTMICHAEL]

That's just the nature of Cryptocurrency, it can't be tracked like that. Unless the government of the country deem it right to track any activity which is too obvious with crime suspect.

 

[Alexandoy]

I had read the hacking of a Pipeline company that paid Bitcoin for the ransom. The FBI did the sleuthing and was able to find the culprits. The criminals have transferred the Bitcoin to several wallets to avoid being tracked. But the FBI has its means and tracking the ransom in the wallets is not easy but they had done it pretty well.

 

[Nomad]

Unless you are using privacy coins like Monero or Dash, you can easily track cryptocurrency transaction. Every transaction you perform are recorded on the blockchain network of the respective currencies.

 

[Didosky]

Well alot of things have been said about crypto lately but i think tracking crypto is just for a few coins like that now the question is if you have a coin will it be possible to track it.. this base on assumptions. There are government created coins it is just the matter of which coin you are using at that very moment to make money

 

[tyrim88]

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!

It is not very possible as for now to trace cryptocurency transaction sender or receiver,reason why some persons are using it for some unwholesome activities,this is actuall a loophole in the system.

 

[kayode10]

Majority of the cryptocurrency in the marketplace are decentralized which means that it can be very hard to trace sender or receiver of the assets.

 

[nimzy]

Well I think there most be a possible way of tracking any form of digital transactions including the cryptocurrency is not excluded on in the sense that the means in which such can be done is not revealed yet but it's possible to track as much as it can be transferred.

 

[ahmedo24]

I think tracking can be done on most of this cryptocurrency exchange platform because they are centralised and they do offer strong kyc for their members which is a tool for easy tracking.