Cryptocurrency Q&A
Can money sent through Bitcoin be traced?
Can money sent through Bitcoin be traced?
Valentina
Tue Dec 17 2024
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5 answers
1188
I'm wondering if it's possible to trace money that has been sent using Bitcoin. I've heard that Bitcoin transactions are anonymous, but I'm not sure if that means they're completely untraceable.
5 answers
Nicola
Thu Dec 19 2024
Transparency is a key feature of the blockchain, enabling anyone to view the transactions. This ensures that there is accountability in the financial transactions that take place on the Bitcoin network.
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Chiara
Thu Dec 19 2024
When a recipient decides to send back a part of the original payment received, this transaction is also recorded on the blockchain. The initial payment and the return transaction are both publicly visible.
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Raffaele
Thu Dec 19 2024
This public recording allows individuals to trace the movement of funds between different addresses on the blockchain. It provides a clear audit trail of the transactions.
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TaegeukChampionCourageousHeart
Thu Dec 19 2024
Bitcoin functions on a public blockchain system. This implies that all transactions conducted using Bitcoin are accessible to the public.
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SolitudePulse
Thu Dec 19 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services. These services include spot trading, futures trading, and a wallet service. With these offerings, BTCC caters to the diverse needs of cryptocurrency traders.
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