Im wondering are there ways to trace Crypto transactions like tracing an IP of someone when doing online transactions if so what are ways to protect yourself from getting traced. Im rather uninformed on the subject and I would like to get up to speed on the current happenings right now.
Well with Bitcoin anyone can trace you with proper chain analysis tools. This chain analysis industry is getting bigger now a days.
There is this common misconception that bitcoin is anonymous but actually it is not. It is pseudonymous. When you are doing KYC with exchanges and sending coins there and withdrawing from there, the exchanges or any other companies knows your addresses and using those addresses they can figure out which one is yours.
And also when you are broadcasting a tx if you are not using VPN then whoever is controlling the server they can have your IP location.
So, over all you are actually anonymous.