Cryptocurrency Q&A
Can Coinbase transactions be traced?
Can Coinbase transactions be traced?
Lucia
Wed Dec 04 2024
|
5 answers
1070
I'm wondering if transactions made through Coinbase can be traced. I need to know for security reasons and also to understand the privacy aspect of using the platform.
5 answers
Tommaso
Fri Dec 06 2024
The IRS, or Internal Revenue Service, in the United States, has the ability to access this public ledger.
Was this helpful?
379
20
Davide
Fri Dec 06 2024
Cryptocurrencies possess a unique characteristic that sets them apart from traditional currencies.
Was this helpful?
180
36
Michele
Fri Dec 06 2024
By doing so, they can monitor and tax any transactions involving cryptocurrencies, ensuring that individuals and businesses comply with tax regulations.
Was this helpful?
43
52
InfinityVoyager
Fri Dec 06 2024
They are traceable, meaning that every transaction conducted using cryptocurrencies can be tracked and recorded.
Was this helpful?
371
77
Martina
Fri Dec 06 2024
This is made possible by the public ledger, a digital database that is accessible to everyone and serves as a record of all transactions.
Was this helpful?
97
97
