is Bitcoin largely used on deep web?

[Script3d]

is bitcoin largely used on the deep web because of the anonymity it offers and is it the only payment method available if your shopping on deep web or there are some other payment method aside from bitcoin and how big bitcoin is on deep web?

[Maus0728]

Well in fact, the first use of cryptocurrency occurs in silkroad that is why the image of cryptocurrency or bitcoin from people has been shattered, that is why people are scared about bitcoin due to silkroad incident.

[batang_bitcoin]

Bitcoin has been used firstly on deep web and until now most of the merchants there are only accepting bitcoin.

Well in fact, the first use of cryptocurrency occurs in silkroad that is why the image of cryptocurrency or bitcoin from people has been shattered, that is why people are scared about bitcoin due to silkroad incident.

That's the sad fact, people that doesn't know bitcoin are generalizing it as payment for illegal transactions only.

[CryptoBeefy]

Of course it's been largely used on deep web as it it anonymous as long as you are careful but it's certainly being used more now in the mainstream

[SwiggHeart]

Well in fact, the first use of cryptocurrency occurs in silkroad that is why the image of cryptocurrency or bitcoin from people has been shattered, that is why people are scared about bitcoin due to silkroad incident.

What? Did the people scared with bitcoin due to the incident? What incident?

[goddog]

is bitcoin largely used on the deep web because of the anonymity it offers and is it the only payment method available if your shopping on deep web or there are some other payment method aside from bitcoin and how big bitcoin is on deep web?

there are a lot of payments method used on deep web. the most anonymous currency is cash. Peoble was selling stuff on the dip web a lot before the first bitcoin was mined.

[plr]

is bitcoin largely used on the deep web because of the anonymity it offers and is it the only payment method available if your shopping on deep web or there are some other payment method aside from bitcoin and how big bitcoin is on deep web?

Many people are into dark web now, and they used Bitcoin for all their transactions, this could be the reason why there is a good support from Bitcoin, but we can also use it as a payment processor in the normal web and many merchants have adopted Bitcoin as one of their payment processor.

[sssyjmr13]

is bitcoin largely used on the deep web because of the anonymity it offers and is it the only payment method available if your shopping on deep web or there are some other payment method aside from bitcoin and how big bitcoin is on deep web?

yes, it is. as we all know, deep web contains a lot of information, informations that not everyone are allowed to know. there are also illegal transactions in deep web. using deep web means danger so you have to stay anonymous to protect your profile. so yes, bitcoin is used in deep web to access these things wihtout jeopardizing your profile.

[Lucius]

is bitcoin largely used on the deep web because of the anonymity it offers and is it the only payment method available if your shopping on deep web or there are some other payment method aside from bitcoin and how big bitcoin is on deep web?

No doubt that BTC is still used on deep/dark web, but by some analyzes less than the previous years. One of the main reasons for the reduction of use is high volatility and maybe something even more important and that is less anonymity than before. Some security agencies like NSA are work for years on idetnification methods to track and identified BTC users ( Snowden provide evidence for that), so some other more anonymous coins take over the part of that market. More anonymity and low fees, this is something users ask these days.

[Kprawn]

That is actually a common myth that were created by mass media and also some movies and series that used it fictitiously for

effect. The more anonymous Crypto currencies are actually better suited for that kind of actions. {Will not name them,

because I do not want to promote them on our Bitcoin forum} So do not believe everything you see and hear on the television

or in the media, they are just using it to sensationalize their content.   A lot of these rumours were spread to discredit

Bitcoin in the general public's eye.  

[VitKoyn]

is bitcoin largely used on the deep web because of the anonymity it offers and is it the only payment method available if your shopping on deep web or there are some other payment method aside from bitcoin and how big bitcoin is on deep web?

It can still be used in deep web because Bitcoin but using it will not give you fully anonymity because it can be traced, just like what happened to Ross Ulbricht the owner of silkroad, he got traced by selling drugs and accepting Bitcoin as payment and it happened several times. At this point there are lots of cryptocurrencies that was created to provide fully anonymity to all of its users like Monero, Dash and more, and even I don't go to deep web, I'm sure that they are now using this type of cryptocurrencies as an alternative to Bitcoin to avoid being traced by authorities. Possibly Bitcoin is still being used in deep web but if you are a smart drug seller why would you risk using it if there are lots of alternative that will make your transaction safer. So I think that Bitcoin is now more being used on a good transactions.

[FlightyPouch]

It is used on the deep web but as far as I know, people with great knowledge can still track the transactions of Bitcoin users and these criminals on deep web the reason there are a lot of them caught and a lot of Bitcoins confiscated out of them.

Bitcoin may be used largely in the deep web but I don't think it matters since it can positively affect the price of Bitcoin that can bring the price up.

[tucoindb]

Of course it's been largely used on deep web as it it anonymous as long as you are careful but it's certainly being used more now in the mainstream

[ghermghuda]

It is gradually happening. Bitcoin is currently under the adaptation mode and many companies have adopted while other are considering to accept. Sometime will come that almost everywhere on this pkanet that you go, you'll find Bitcoin there

[Herlina]

is bitcoin largely used on the deep web because of the anonymity it offers and is it the only payment method available if your shopping on deep web or there are some other payment method aside from bitcoin and how big bitcoin is on deep web?

I'm not too familiar with dark web/deep web but I think most of them are using Bitcoin or anonym coin like Monero for transactions
because as far as I know darknet markets is the marketplace of illegal goods and surely they will protect the identity when dealing with illegal things, So the anonymity of cryptocurrency can be useful to them

[xuan87]

From the article I read, yes, most of the transactions payment are made using Bitcoin, and some of the sites only accept Bitcoin payment, the usage of the Bitcoin is quite large in deep web, because everything in deep web need to be secret and leave no trace, so Bitcoin is a suitable choice

[chipzeru]

I even know about bitcoin first from deepweb (i didn't know the potential of bitcoin back then). A few years ago, i went into deepweb just wanted to know how it looks like and then i visited a website similar to ebay/amazon where all illegal stuff is available there and only accepted bitcoin as a payment method. If the website still running, they must have been accepted privacy coins as a payment method like monero etc.

[Jansaa]

Possibly, anonymity and great value are also easier for bad intentions, Bitcoin needs to properly manage to be able to grow!

[bkrobottc1]

I have not been to the deep web but I have heard that BTC is popular in the transactions here because of its  anonymity and its price.

[boakyei]

Monero is the most use in deep web for transaction but bitcoin is also largely use. Monero offers more anonymity than bitcoin when it comes to dark web transactions.