Yes, the Bitcoin address can be traced by the individual, where most of the people think that Bitcoin is an inception and it is an anonymous way to move the money.
However, some of the firms have built software that tracks the movement of the Bitcoin and help law enforcement illicit tracking earnings.
Each Bitcoin address be traced with the help of the specially built software, in this software the user need to provide the address of his/her Bitcoin and the software traces the address of the Bitcoin.
Generally, the Bitcoin address is widely used by the Bitcoin buyer where this helps the owner of the Bitcoin to make use of the Bitcoin in number of cases.
The user can get the Bitcoin in two ways, first one is that the Bitcoin is available for free and next the user has to purchase the Bitcoin.
Once the user has the Bitcoin address then by using this address the user can trace Bitcoin transactions in the easy and convenient manner. The Bitcoin are found to be the digital currency which is used for number of purposes, where there are varieties of digital currencies available on online.
Benefits to the transaction trackers
There are extraordinary number of potential applications is available to the transaction trackers who track their Bitcoin address.
When you are utilizing the crypto exchange, then the transaction trackers track the link to get the receiver details.
The Bitcoin merchants use the wide range of software for tracing their Bitcoin address for number of reasons.
The Bitcoin address comes at the same time when you purchase the Bitcoin from the online merchant where each Bitcoin address is unique so that you can trace your Bitcoin easily with the help of advanced software.
Generally the Bitcoin address is just a long string of letters and numbers but each Bitcoin contains a unique address to their wallet where this uniqueness poses the privacy concerns on the network as anyone can view his/her transactions that they have sent from the wallet.
The Bitcoin untraceable is a rare case which occurs when you purchase the Bitcoin from the illegal or from the unfrosted crypto currency site.
The tracking technology has more number of benefits that just catch the criminals when they make the illegal trace of the Bitcoin and this technology also helps the Bitcoin owners to keep trace of their Bitcoin currency.