In the deep web, it's mostly bitcoin that is used but it all just basically depends on the merchant, who remembers the silk road scandal? It was mostly bitcoin but we have to admit that times has changed and some alts are being used these days like ethereum but Bitcoin is still the dominant cryptocurrency there because it's much easier to convert to cash in many countries in the world than any other Cryptocurrency.
Bitcoin is the most used cryptocurrency in the world but when it comes to the deep web and darknet site the crypto people used mostly are Monero with the inclusion of other privacy coins. Although, we have a situation where people use bitcoin but the payment is done through genuine tumbler site or wasabi wallet. 
Topic: What type of Cryptocurrency is used in the Deep Web for transactions? (Read 785 times)
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November 26, 2019, 12:12:07 PM
November 23, 2019, 02:12:05 PM
I know that the deep web mainly uses cryptos as a means of transactions for people who want to buy things over there, but what type of cryptos are mainly used when making those transactions? It’s just a curious question I have in my mind.
Those of them that are serious with privacy will be making use of coins like Monero and Zcash since those coins provide more privacy than most other cryptocurrencies there is. But Bitcoin is more popular and a lot of people make use of Bitcoin than any other coin there is, I hardly see anyone mention anything if not Bitcoin and sometimes Ethereum. So the main coins they will be using there is Bitcoin and Etheruem, and those that have Monero and Zcash will also like to do transactions with it.So, when it comes to which coins are more popular, you have Bitcoin and the Ethereum, and when it comes to privacy you have Monero and Zcash. If there is any other, then I'm not aware of it.
November 23, 2019, 01:09:34 PM
In the deep web, it's mostly bitcoin that is used but it all just basically depends on the merchant, who remembers the silk road scandal? It was mostly bitcoin but we have to admit that times has changed and some alts are being used these days like ethereum but Bitcoin is still the dominant cryptocurrency there because it's much easier to convert to cash in many countries in the world than any other Cryptocurrency.
November 23, 2019, 12:25:45 PM
I know that the deep web mainly uses cryptos as a means of transactions for people who want to buy things over there, but what type of cryptos are mainly used when making those transactions? It’s just a curious question I have in my mind.
That's would be Bitcoin owing to its prominent nature, although ETH is used to owing to its faster transaction rate. But that doesn't mean other cryptocurrencies aren't used, it all depends on the website and their preferences, then on you the customer and the coin you can lay your hands on or the cryptocurrency which is readily available to you at the moment.
November 23, 2019, 10:55:47 AM
I think in using deep web transactions and for buying online transaction we always used bitcoin or eth because all we know that those coin are the most popular and most progressive coin here in crypto world so people always trust and comfortable to use those coin in online transaction or even in short or long term investment.
November 23, 2019, 10:20:47 AM
I know that the deep web mainly uses cryptos as a means of transactions for people who want to buy things over there, but what type of cryptos are mainly used when making those transactions? It’s just a curious question I have in my mind.
It's true that deepwed is commonly uses cryptocurrency to make transactions to buy things that you can only get from deepweb. The cryptocurrency that they used to make transactions are bitcoin, ETH, XRP, and so on because these coins is popular and it has a good value. Honestly, it is also the reason where my friend started to know about bitcoin and other cryptocurrencies through the used of deepweb, which he knows that he can earn money from investing to it.
November 22, 2019, 10:53:40 AM
There are also other anonymous currencies like Deep Onion, Zcash but these may not be as popular as other cryptocurrencies. The fact that Bitcoin and Moreno are popular and long-standing cryptocurrencies so I'm not surprised they are used a lot on the deep web.
my guess is that people there are considering the liquidity of certain coins to minimze the value fluctuation thus chosen Bitcoin which has known to be the most adopted coin and have the biggest liquidity while in the other hand monero is anonymous though the liquidity is just sufficient. But, I always wonder whether those people in the deep web are making their own altcoin aswell since the deployment is quite simple if using an already existing smart contract platform. That actually makes sense and have the possibility since making their own currency that is not know to the public could lead to lesser attention. November 22, 2019, 09:36:33 AM
I know that the deep web mainly uses cryptos as a means of transactions for people who want to buy things over there, but what type of cryptos are mainly used when making those transactions? It’s just a curious question I have in my mind.
It's true that deepwed is commonly uses cryptocurrency to make transactions to buy things that you can only get from deepweb. The cryptocurrency that they used to make transactions are bitcoin, ETH, XRP, and so on because these coins is popular and it has a good value. Honestly, it is also the reason where my friend started to know about bitcoin and other cryptocurrencies through the used of deepweb, which he knows that he can earn money from investing to it.
November 22, 2019, 09:04:41 AM
In the past when cryptocurrency was still unknown and there was only bitcoin, deep web transactions only used bitcoin as a means of payment between sellers and buyers on the deep web. What they sell are illegal goods that are against the law. To overcome the tracking of users, the payment is using bitcoin. But now payments can be made with several altcoins such as ethereum, doge, XRP and other altcoins. It is very dangerous to enter the deep web if you are just a beginner.
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November 22, 2019, 02:39:23 AM
There are also other anonymous currencies like Deep Onion, Zcash but these may not be as popular as other cryptocurrencies. The fact that Bitcoin and Moreno are popular and long-standing cryptocurrencies so I'm not surprised they are used a lot on the deep web.
my guess is that people there are considering the liquidity of certain coins to minimze the value fluctuation thus chosen Bitcoin which has known to be the most adopted coin and have the biggest liquidity while in the other hand monero is anonymous though the liquidity is just sufficient. But, I always wonder whether those people in the deep web are making their own altcoin aswell since the deployment is quite simple if using an already existing smart contract platform. That actually makes sense and have the possibility since making their own currency that is not know to the public could lead to lesser attention. 
November 22, 2019, 02:20:23 AM
Its interesting to read previous responses in this topic as I have been out of loop with the whole "dark market" scene for the past couple of years. Back in the golden days of Agora and Silk Road, BTC was still the main player on the street, but now I am noticing that a hefty number of them have changed to Monero, a move that is not surprising at all.
November 21, 2019, 10:17:36 PM
Bitcoin is very commonly used in the dark web but due to the high transaction fees, some others prefer to use altcoins. Like Monero, Ethereum, Litecoin, Bitcoincash, and Dash. But Litecoin has emerged as the second-most popular cryptocurrency that being used in the Darkweb.
See this link, https://www.investopedia.com/news/litecoin-gains-ground-bitcoin-dark-web/
As we can see, Litecoin has gained 30% that has made transactions in the Darkweb aside from Bitcoin that mainly use.
There are also other anonymous currencies like Deep Onion, Zcash but these may not be as popular as other cryptocurrencies. The fact that Bitcoin and Moreno are popular and long-standing cryptocurrencies so I'm not surprised they are used a lot on the deep web. See this link, https://www.investopedia.com/news/litecoin-gains-ground-bitcoin-dark-web/
As we can see, Litecoin has gained 30% that has made transactions in the Darkweb aside from Bitcoin that mainly use.
November 21, 2019, 08:04:26 PM
I know that the deep web mainly uses cryptos as a means of transactions for people who want to buy things over there, but what type of cryptos are mainly used when making those transactions? It’s just a curious question I have in my mind.
Mainly Bitcoin. Monero s gaining traction. Bitcoin have most widespread ecosystem so people can acquire it easiest. They are not worried to being traced, since they believe law enforcement will not go after people buying weed, but will go after bigger fishes. Reality is that they will go after them to help them get bigger fishes.
November 21, 2019, 01:24:00 PM
The stupidest thing in my opinion, I have entered the deep web and what I have met is a Bitcoin multiplier site. People on the deep web are very strange and absurd. I forgot the bitcoin multiplier site (that's a scam on the deep web), and don't want to go to the deep web again. A normal person would say the stupidest thing on the deep web. 70% to launch crime, 20% a hotbed of fraud and stupid things, and 10% as a learning medium. what I know is that they primarily accept transactions using Bitcoin, ETH, LTC and Monero. Monero is more interested because it was developed initially focused on privacy.
Bitcoin rules most of the market. The reason is it being the first crypto currency and then highly decentralized with huge profits in return. The amounts asked are also big ones. Most of the forums and chat rooms ask 5 bitcoins to become the VIP member of them. Ethereum comes at second but to be very honest, I have not seen xrp being used in deep-web. It appears on surface web more due to centralized nature. November 20, 2019, 08:33:05 AM
I know that the deep web mainly uses cryptos as a means of transactions for people who want to buy things over there, but what type of cryptos are mainly used when making those transactions? It’s just a curious question I have in my mind.
Any crypto coin that is decentralized and anonymous, including Bitcoin. Some users are also using mixers in order to fully block someone from tracing the private/exclusive transaction. This is the reason why a lot of mixers are currently existing and being watched by the government at the same time. On the other hand, I don't think they can stop them in making anymous transactions since there are a lot of alternatives also. November 20, 2019, 08:22:38 AM
I know that the deep web mainly uses cryptos as a means of transactions for people who want to buy things over there, but what type of cryptos are mainly used when making those transactions? It’s just a curious question I have in my mind.
I think the most commonly used by people in deep web is bitcoin because alot of people when hearing cryptocurrency and anonymous transaction is only "bitcoin" the commonly known in cryptocurrency in my opinion.
November 20, 2019, 08:14:39 AM
I know that the deep web mainly uses cryptos as a means of transactions for people who want to buy things over there, but what type of cryptos are mainly used when making those transactions? It’s just a curious question I have in my mind.
I think the most commonly used by people in deep web is bitcoin because alot of people when hearing cryptocurrency and anonymous transaction is only "bitcoin" the commonly known in cryptocurrency in my opinion. November 20, 2019, 08:09:24 AM
BTC and monero. But it depends on the platform, there are could be another variants
November 20, 2019, 03:58:14 AM
I know that the deep web mainly uses cryptos as a means of transactions for people who want to buy things over there, but what type of cryptos are mainly used when making those transactions? It’s just a curious question I have in my mind.
I have never used or seen where some one use deepweb before but as per the information about what deepweb is capable of i think its better for deepweb users to use privacy coins for anything they want to buy on the deep web 
November 20, 2019, 03:54:57 AM
Transactions conducted at Deep WEB are mostly transactions that are against the law, such as the purchase of illegal firearms, cannabis, methamphetamine, human trafficking and many others. Bitcoin is the choice to make transactions more secure and anonymous. Transaction users will not be tracked because it is indeed anonymous. Bitcoin is the most common coin and is most often used for payment on the Deep WEB.
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