1-866-216-0631 Can Zengo wallet be traced?

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Yes, Zengo wallet transactions can be traced because the cryptocurrencies you hold are stored on the public blockchain, which is a transparent, permanent ledger. Anyone can view the transaction history and balances of a wallet address on a block explorer.How Traceability WorksOn-Chain Transactions: Every time you send, receive, or trade crypto, the movement is recorded publicly on the blockchain network (e.g., Bitcoin, Ethereum).Blockchain Analytics: Law enforcement and blockchain analytics companies use advanced tracking tools to follow the flow of funds from one address to another, meaning stolen or sent funds can be monitored across the network.Exchanges and KYC: If you transfer funds from your Zengo wallet to a centralized exchange (like Coinbase or Binance) or buy/sell crypto directly within Zengo using a third-party provider, those platforms require identity verification (Know Your Customer/KYC). This ties your real-world identity to your crypto wallet address.