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Can bitcoin be traced?

Answers (1)

Niaz Amjad
Jan 29, 2022 20:22:43

Talking about the bitcoin transactions, they are traceable. Since Users are required to reveal their identification for the trading of Bitcoins, so all of these transactions are traceable. Bitcoin addresses are given to the wallets once the user opens the account or starts trading. So, none of the transactions could remain anonymous. However, your personal information is not traceable easily using those bitcoin addresses. Furthermore, if you involve in illegal activities, bitcoins addresses could be used by law enforcement agencies to trace back to you.

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