Is bitcoin used by criminals ?

[ChristianPogi]

Yes of course, it is because they can easily hide their Identity. I also heard in Deepweb they are using bitcoin as a payment there but I don't have any ideas what criminal act they are doing. I don't want to know either.

[1714580907]

1714580907

[money_amount]

Every person are allowed to use bitcoin, even the criminals. Bitcoins has no limitations on whom person were allowed. Even a common people who has the money to invest on it.

But I think criminals use the money they earn to invest in bitcoins more than ordinary people. They invest in the BTC for money laundering, and when they are arrested, the government can not investigate the amount of money they are making.

[newguy05]

Yes for sure but this doesn't mean that it is a spam, it's benefits are more than harms. In the past there was a huge money laundery activities all around the world and the governments stopped it, it might be the same in crypto market in the future, we can not go on without seeing this development.

[Rumi92]

I feel like we have simply touched the surface of "Bitcoin Usage" and by that I mean, it is only used by a limited number of individuals worldwide. Not everybody goes through the sophistication of chart reading, signing up on exchanges and following blogs and those who do have multiple intrinsic needs. Mostly are just there to make money, and in this world lots of people have used nefarious means to gain money. Bitcoins are no different, and they will be used as leverage, to launder, be used in fraudulent schemes and acquire ransom money. But that is a flaw of human nature, not Bitcoin. Criminals traded in gold, silver, drugs and even cattle and women millenniums ago but we don't curtail their availability. This rationale is what gives me hope for Bitcoin!

[cmacwiz]

Yes of course Bitcoin is used by criminal also. This is the one of reasons behind its ban in some country like china Bangladesh etc. Bitcoin provide its user an high-level security and uninterrupted money transaction facility due to this no one can trace the transaction record . And many anti social people and terrorist organisation taking benefits from it . Bitcoin is also related some other serious criminal activity like kidnapping, murdering, Anti money laundering, childprongraphy etc. Many people doing fraud by using different Bitcoin schemes. 

[Curledlips]

When we hear about Bitcoin, people will think all about its positive purpose, and it actually good when we use it in a good way like investments. However, Bitcoin has no limit on what kind of people who can acquire it, and how Bitcoin attracts a lot of people because of its promising value, there is a point to be made that the Bitcoin makes it a favorite among criminals. Some high syndicates, scammers, or hackers have been getting much more sophisticated nowadays, so it is not impossible that there are lots of criminals are using Bitcoin.

[irfandi hasan]

Everything is used by criminals, not just Bitcoin. For sure, the great majority of the criminals are using fiat. The more dangerous ones are definitely using fiat. They are the ones who are wearing suits and are occupying high positions in the governments of different countries and in the top executive positions of various international companies. In the low level, even scissors and frying pans and pins are used by criminals as well.

I agree with you. criminals always benefit from a loophole to do his action, so be alert with mareka, because in the world of internet crime is easier to do than the real world

[jmiro1]

Bitcoin is being used by people, human. And some of these people are criminals, some are good people (like me). So, stop worrying about it and just accept it. Hey, it's a currency after all. Who doesn't use money huh? Come on.

[Tukang Becak]

With anonymous features of course everyone is free to use bitcoin without the need of identity, it is certainly used criminals to transact, I hope the country immediately make regulations to prevent the use of bitcoin for criminals.

[Catch-22]

Bitcoin transactions are virtually untraceable that is why some criminal syndicates likes to be paid by cryptocurrency.  Anonymity is also a factor why they prefer cryptocurrency.

[coinminerdotcom]

Bitcoin can be used by anyone with access to a bank account and the internet. With that it is only a matter of time until it is used by those with ill intentions. We saw this with Silk Road, and it will continue to be used in the new Silk Road. It wouldn't surprise me if it's used to launder money in some way as well. We don't have any way to really track that, which is the beauty of bitcoin in the first place.

[Tendou_Karen]

Yes it is. I heard they make Bitcoin as a currency for the payment , for the example it's on the Deep Web.
This thing are makes Bitcoin looks dangerous for some innocent people, as i saw on my social media timeline and newsfeed..

[Zagitta]

Cant say if its used by criminals but what I'm sure is that dollars or any other currency is used by criminals. So are you going to ban those currencies now or stop using them?

[Spades77]

Anything and absolutely everything can be used by criminals. Remember Bitcoin is just a tool that they can use to do some bad things but it also has good purposes so it all depends on the people who are using it, it is their decision whether to use it for a good cause or a bad thing. It doesn't make Bitcoin bad, do not fall on the black propaganda for people to think that Bitcoin is bad. In fact all the things in this world even fiat and your love for your family can be used against us right? does that mean to have money or to love is bad? I don't think so.

[SergeYak]

Every fiat currency was used by crimimnals and nobody cares but when we talking about bitcoin everyone cares. Strange people with strange thoughts.

[Jesabela04]

I once read an article that says bitcoin is used as a payment transaction for terrorists and hackers. And maybe you guys in this forum also already know it. But here i want to convey my personal opinion in that matter. I think that internet and bitcoin interrelated. Many terrorists and criminals use internet .so also with bitcoin which used perpetrator However, despite all these issues, do people make concrete efforts to ban the internet? No. Not because removing and banning Bitcoin is difficult, but because the internet offers more positive than negative. For the same reason, we have to be more careful about our mindset for Bitcoin, because much evidence has shown that Bitcoin brings many positive, if not more, effects than the internet. Internet and Bitcoin are just devices that 'bad guys' and 'good people'. Fortunately, the world is filled with more people in the 'good people' category.

Bitcoin is actually being used in illegal transactions by criminals and it is something that is quite hard for authorities to solve. We should all know that anything that involves fiat also involves corruption and evil deeds. However, as long as we users, are using it in a nice way and for the betterness of the majority, there's nothing wrong with what we are doing.

[maxim196897]

bitcoin is a Currency like any other, like the us dollar... it is used for a wide range of different types of people. If 90% is used for illegal activities, then the use of bitcoin for illegal activities does not exceed 5% and probably now it is about 0% due to duties.

[Alex3601]

Bitcoin is being used by people, human. And some of these people are criminals, some are good people (like me). So, stop worrying about it and just accept it. Hey, it's a currency after all. Who doesn't use money huh? Come on.

The BTC was being created for everyone. The problem is, it can be used by an anonymous person the reason why it is hard to trace if  who is the current user of every account. Some people took advantage of using it by illegal transactions. Since bitcoin is free to used by everyone, then it is possible that criminals could also used it.

[cizatext]

Since bitcoin is decentralized and not control by any government or it agency it is a safe heaven for those in the black market to carry out the illegal transactions and not only bitcoin that can be use by criminals but even our traditional paper money also are use for black market transactions.

[jhean_arcane]

I have found an article online:

https://cointelegraph.com/news/telecom-egypt-covertly-redirecting-internet-users-to-crypto-mining-sites-report-says

It will not take you to guess for a minute what this means. This is a criminal activity. If altcoins are being used for illegal transactions, what makes you think Bitcoin is any different?