What type of Cryptocurrency is used in the Deep Web for transactions?

[skarais]

~~~
other coins such as ethereum and ripple aren't even considered currencies by anybody to be used for anything other than trading.

That is even more than I thought, will people continue to make exceptions for these two coins ?
We know that bitcoin is an anonymous, decentralized and un-centralized currency so most people will consider it to be a very useful currency and will leave other altcoin types to make transactions.
In my opinion, this is a useful adoption for bitcoin, its capacity as a currency is maximized on various types of transactions.

but as they became more aware of the reality and as some criminals were caught, everyone caught on to the fact that bitcoin is not anonymous so they went back to the methods they were using before bitcoin came alone.

I think there is a reason why bitcoin criminals can be found, and that cannot be separated from the rules that have been applied by the government for exchange. Bitcoin will remain anonymous as long as criminals do not convert them into fiat currency somewhere or exchanges that require users to complete KYC.

[BitcoinsGreat]

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.

Wouldn't it make sense to use only the privacy coins on dark web ?
This is interesting data because i though people should have used XMR or other privacy coins more on dark web making it even to difficult to track the transactions.

[Meowth05]

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.

I'm not entirely sure what are the tokens have been used in deep web since I got no access on it but thanks for this information. We all know that Bitcoin is hundred percent being use in this kind of transaction but make me wonder is why Litecoin? Probably because it has low transaction fees, faster processing compared to Bitcoin and can be stored in offline as well. Accoding to investopedia, way back 2017 Monero, Ethereum and Bitcoin are the token preferably use by folks in the deep web market, now is Litecoin, it seems the coins being used in this transaction are changing every year.

[Shenzou]

I feel like the use of cryptocurrency on the black market to do all the illegal transactions has played a big role in the bad idea and vision that many people have on it, especially from the media which creates movies and stories about hacking and breaking the law using bitcoin, it is true that on the black market you could use any of the top cryptos on the market to buy services and things that are shady to say the least, but you could do that using fiat and you will get away with it, in our current time every system could be abused and used for the wrong reasons so it makes no difference.

[Google+]

I think there are many cryptocurrency that can be used for transactions in such places, and I think bitcoin is a digital currency that is used for transactions between buyers and sellers because bitcoin can be used for such transactions so it does not use USD or other money for transactions with bitcoin it will be easier and more efficient.

[hahahafr]

I have not made any personal transactions within the deep web of the internet but i have read that it basically bitcoin and ethereum that are mostly used. But making transactions within the deep web is risky and i would advise you stay away from them before you lose your cryptocurrencies to some scammers.

[Baby Dragon]

I have not made any personal transactions within the deep web of the internet but i have read that it basically bitcoin and ethereum that are mostly used. But making transactions within the deep web is risky and i would advise you stay away from them before you lose your cryptocurrencies to some scammers.

Its speculative that is why it is never suggested to have some transaction in deep web because you can't easily say people's true intention, it is the reason why some people ended up feeling remorse after making transaction within deep web because of losing their funds and assets. I'm actually curious about what is going on there but there is something about it thats makes me afraid maybe the thoughts and opinions of other people towards it. Well as far as I know they are usually using bitcoin.

[boris1044]

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.

Bitcoin is still very much the dark web‘s favorite cryptocurrency, but those looking to cover their tracks are slowly learning to use privacy-focused alternatives.

The main developments regarding this trend are on the Darknet markets, several of which also accept Monero, or in some cases exclusively trade in it.

[tenakha]

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 depends on whether you are engaged in legal or illegal business. If you are going to be involved in legal business, the receiver will not look for privacy. However, in illegal business untraceable coins are more preferred. Anyway, if you are a buyer, the seller will tell you how to pay.

[leowonderful]

If you're just talking about the marketplaces, Monero and Bitcoin are two of the more popular ones I've observed being used over the years surprisingly, and even though by logic it makes more sense to use Monero for its generally better security and anonymity, most places primarily accept Bitcoin and then other alts like Monero and Litecoin when possible, especially recently. Bitcoin still being so popular on these sites is probably at least a minor part of why mixers are still as popular as they currently are too, though there's also a large number of people who use mixers that just want to stay at least semi-anonymous.

[batang_bitcoin]

I don't dive there but before it was bitcoin to be the top choice but when bitcoin is going mainstream it was changed to Monero because it's anonymity. There's still a lot of transaction that happens there which is paid through bitcoin because this is the most preferred coin of merchants there.

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.

We now have an idea on what's the other altcoin that's also being preferred by most people there, I didn't expect that it's gonna be Litecoin.

[Aabcde]

I think anything can be used as long as there is an agreement between the seller and the buyer. But usually, what I see most sellers choose to accept bitcoin as payment. Some have received with ethereum. I only saw someone posting it because I haven't opened the deep web for a long time. But it will not change until now. Yes all returned to each person. Because buying and selling should not be too entangled.

[BlackFor3st]

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.

I am also curious about it, so most of them are using litecoin instead of bitcoin and ethereum as I saw that only 9% are using ethereum. What in my mind when I saw this topic is that they should be using bch and ethereum.

But I never though dash and litecoin are the top 2 currencies of deep web transactions, I understand litecoin but dash is currently rank 22 in coinmarketcap so I am a little bit surprise by their choices of transactions.

[whtchocla7e]

I think that BTC and LTC are 2 popular coins that have existed for a long time and it could be 2 coins that are frequently used for transactions on them.
In general, content on the deep web (including the dark web) contains the following:

Selling weapons without a license
Child pornography
Selling malware, pirated software and hacking instructions
Selling illegal drugs
Sell stolen credit card information and user accounts
Selling fake documents and currency
Recruit killer
Gambling
Money laundering
Interior exchange

[Ailmand]

I haven't been to the dark web, but regarding to some articles that I have read so far and videos I rwatched about the dark web bitcoin is one of the most common crypto used in the dark web. I guess crypto would be the safe haven for those who pay services on the dark web due to its anonymity.

[maxreish]

Bitcoin still is the primary crypto payments in dark webs. Bitcoin mixers can still be used in particular countries if it isn't illegal to them but some crypto coins are also used like litecoin and xmr. And I've heard this before, i forgot where i read it here in the forum. Since Monero has a strong privacy content and features, it was the most widely used crypto coin payments in dark web.

[Kemarit]

Yeah, no doubt that bitcoin still reign as the top crypto being used in the deep web because cyber criminals still thinks that it is (psuedo)anonymous. And according to Chainalysis, Bitcoin Criminals Set to Spend $1 Billion on Dark Web This Year.

And that's why up to this day, governments around the world are still taking a hard line stance against Bitcoin because of this data and I think criminals will still used it even though there's privacy coins such as Monero.

[Mighty_crypt]

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 really can't say but i can't think of anything than privacy coins like monero and the rest to keep their tracks

[tsaroz]

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.

One of the recent study put bitcoin on the top spot. Deepweb is already a heaven for anonymity and bitcoin just adds up to that. Bitcoin is readily accepted in almost all of the sites accepting payments.
Monero comes in the second, the most used privacy focused coin. Monero is specially popular with illegal drug traders.

[mrdeposit]

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 can not say for sure that this one is being used on the deep web. I used to surf the deep web a long time ago, but I have never traded with anyone. In fact, i think most of the useful ones can be used. In the past, only Bitcoin was reliable, but now the market is much larger. There are other choices to choose from.