Post
Topic
Board Bitcoin Discussion
Re: Are Crypto Transactions Traceable?
by
Latviand
on 11/02/2020, 14:22:02 UTC
It is a bit hard to determine at first, given that most of the cryptos are decentralized, due to blockchain technology, there is a protection to one's anonymity. But there are now KYC, wherein one is required to give information which would give a bit of a trace within the transaction. Also, some exchangers records every transaction which is also another instance.

But I don't think it would matter that much given how many transactions are being made in crypto. Transactions might pile up and tracing the transaction would be a bit hard if tbat is your concern.
I’m 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. I’m rather uninformed on the subject and I would like to get up to speed on the current happenings right now.


Sure, everyone can see Bitcoin transactions in this blockchain is a pure nature blockchain that is transparent everyone can see where the flow of transactions their money goes.
I doubt that everyone could see the flow of transactions, everytime. Trades are the ones which can be easily noticed but the addresses of the people involved in a particular transaction is another case. Feel free to correct me.