Cryptocurrency Q&A Why is Bitcoin not traceable?

Why is Bitcoin not traceable?

CryptoWarrior CryptoWarrior Tue Dec 24 2024 | 6 answers 1154
I heard that Bitcoin transactions are anonymous and cannot be traced. I want to know the technical reasons behind this. Why is it designed to be untraceable? How does it achieve this level of privacy? Why is Bitcoin not traceable?

6 answers

IncheonBeautyBloomingRadianceGlow IncheonBeautyBloomingRadianceGlow Thu Dec 26 2024
The records are accessible to anyone who wishes to view them.

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Sebastiano Sebastiano Thu Dec 26 2024
Bitcoin functions on a public ledger system in practice.

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Elena Elena Thu Dec 26 2024
All transactions conducted using Bitcoin are recorded in this system.

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BlockchainWizardGuard BlockchainWizardGuard Wed Dec 25 2024
This characteristic of Bitcoin grants it pseudonymity.

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Pietro Pietro Wed Dec 25 2024
Your transactions are associated with a wallet address, not your real name.

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