What type of Cryptocurrency is used in the Deep Web for transactions? - page 6.

Casdinyard

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Quote from: dothebeats on November 13, 2019, 03:06:08 AM

so the notion that cryptos being used in the dark web is, IMO, not entirely true.

Point taken yet we can't blame the others if they connote dark web as illegal since mostly of what being sold there is shady and besides that's why they're down there hiding.
All the brokering transactions involving illegal drugs, weapons and any other illegal things you can think of can be bought there.

Moreover, bitcoin is still by far the most common use currency on the dark web. No wonder they portrait bitcoin as evil in the recent movie, Banking on Bitcoin.

Quote from: DioBrandoCoin on November 13, 2019, 02:59:11 AM

I know that the deep web mainly uses cryptos as a means of transactions for people who want to buy things over there

Deep web or Dark web?

adjed

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From experience, I know that the deep web usually accepts mainly Bitcoin and even though it's quite ironic because there are privacy coins which would better fit their MO of privacy, Merchants there prefer to accept payments for goods and services in Bitcoin because it's more popular worldwide, Moreover let's face it, Bitcoin is as private as it gets when you want to transact with full anonymity, this was my experience years ago when I used it though, j don't know if other currencies are being accepted now but with the rate that ethereum acceptance is growing, I wouldn't be surprised if they are accepting it too now.

sheenshane

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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.

ChrisPop

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Not your Keys, Not your Bitcoins

You'd think that the privacy-focused coins out there are most used in the deep/dark web. XMR, Dash, ZCash, BEAM, etc. are the ones that come to my mind, but I think people are changing those coins to BTC as fast as possible just due to the fact they are shitcoins.. Or they might be just using BTC in combination with mixing services.

dothebeats

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BTC, XRP and ETH are the main currencies which most services and marketplaces are accepting, mainly due to their high usage rate plus the fact that they can easily be converted to cash which is what most of them would convert into for tainting the trail even harder. Not all marketplaces and services in the dark web are illegal though, as there are legal entities using .onion domains for visibility to other people who prefer such connection on privacy as well, so the notion that cryptos being used in the dark web is, IMO, not entirely true.

DioBrandoCoin

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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.

Topic: What type of Cryptocurrency is used in the Deep Web for transactions? - page 6. (Read 785 times)