I'm wondering if cryptocurrency transactions can be traced. I've heard that they are anonymous, but I'm not sure if there's a way to track them down, especially for tax or legal purposes.
6 answers
GeishaElegance
Sun Oct 27 2024
Unlike traditional financial systems, these addresses do not reveal personal information.
Chiara
Sun Oct 27 2024
Each transaction is recorded and stored indefinitely within the Bitcoin network.
EnchantedMoon
Sun Oct 27 2024
This public ledger ensures that all activities related to
Bitcoin can be verified.
BonsaiStrength
Sun Oct 27 2024
Bitcoin addresses serve as the identifiers for allocating and sending bitcoins.
BlockchainLegend
Sun Oct 27 2024
Bitcoin transactions possess a unique transparency as they are public and traceable.