Cryptocurrency Q&A
Why can't crypto be tracked?
Why can't crypto be tracked?
ChristopherWilson
Tue Dec 24 2024
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5 answers
940
I heard that cryptocurrency is hard to track, but I don't understand why. Is it because of the way it's designed or some other reason? I want to know more about the reasons behind crypto's anonymity.
5 answers
Federico
Thu Dec 26 2024
Crypto transactions are predominantly facilitated through exchanges. These platforms serve as the primary hub for buying and selling digital currencies.
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BitcoinBaroness
Wed Dec 25 2024
Transactions on exchanges take place on private ledgers. This ensures that the matching of buyers and sellers is conducted internally within the exchange's system.
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Caterina
Wed Dec 25 2024
The internal matching process on exchanges means that transaction details are not publicly posted on the blockchain. This allows for a more streamlined and efficient trading experience.
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RubyGlider
Wed Dec 25 2024
As a result, there is no public record of the internal crypto exchange transactions on the blockchain. This can make it challenging to trace these transactions externally.
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TaekwondoMasterStrength
Wed Dec 25 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services. Its offerings include spot trading, futures trading, and a wallet service, among others.
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