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

[DioBrandoCoin]

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.

[dothebeats]

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.

[ChrisPop]

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.

[sheenshane]

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.

[adjed]

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.

[Casdinyard]

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.

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?

[btc_love]

I don't know much about the dark web, but it was interesting to read. It may seem a stupid question but maybe someone helps me to understand.
Theoretically, if a user wants to trade coins he earned in the dark web, would it be correct to hold it during the transaction in case if a user can't prove it was earned legal? Does this kind of action from trading platforms/exchange clear the whole market in anyways?

[blckhawk]

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 has always been a mode of payment in deepweb. I heard Bitcoin first with involvement to deepweb, which signifies its widespread use on activities there, however, since deepweb's anonimity, most activites conducted here are illegal. Which impacts Bitcoin's image to public and people have already associated Bitcoin with illegal acts, which is far from Bitcoin's original purpose.

[iamaruf]

I don't use deep web regular and didn't buy anything till now. sheenshane already posted an image which crypto most use in deep web.Actually It depends on site.Few site's only accept btc,ETH,LTC,XMR.But many sites accept top rated crypto.like BNB,NEO even I saw a site that accept dogecoins.Some sites only accept only bitcoin.People using bitcoin in dark web very less.Because of trx fee and trx time.

[Red-Apple]

deep web people use a lot of different ways to transfer money and only a small part of it is going through cryptocurrencies. methods such as cash, gift cards, and even banks are common.
as for cryptocurrencies like everywhere else bitcoin is the first currency and then because of the demand for anonymity it is Monero and probably used even more than bitcoin.

[haufranco]

btc for sure. the hardest to track and at the same time the safest for transactions for some types of activities

[bounceback]

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 heard before that the deep web basically uses bitcoin to transact, but as the crypto world developed, most of them now use altcoin or other shitcoin like Eth, Dash and Monero between three coins. I think those who are far away on the web prefer to use Monero on the black market because coin privacy, traceability, and Monero transaction costs are generally relatively low, so far it has been estimated to have reached 34k crypto theft.

[DeathAngel]

The dark web does intrigue me to be honest but I wouldn’t have any idea how to access it. Does anybody have any experience of it?

I presume you use Tor but what do you even search for, how do you access it?

[Broly46]

Deepweb is where fake items are sold, fake credit cards, fake Rolex, fake phone fake computer fake drugs fake PayPal account fake steam library credit, fake gun, fake cop, fake news, fake zero day exploit, fake hackers, and I think fake crypto too, I think they accept fake money too, now you do like to know what is fake money.

[BrewMaster]

i think most people are answering this topic emotionally. the fact is we don't have any decent stats to say for sure all we can say is speculation and some small observation.
bitcoin used to popular a couple of years ago specially during Silk Road time. this is the time that many still mistakenly though bitcoin were anonymous. 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.

the stats by investopedia doesn't look correct either specially as LTC is reported to have the highest percentage and monero the smallest! that doesn't even make sense as monero is the only decently anon coin that we have.
other coins such as ethereum and ripple aren't even considered currencies by anybody to be used for anything other than trading.

[Heisenberg_Hunter]

When compared to Bitcoin, Monero has been of greater interest to the people using cryptocurrency in the deep web transactions quite often. XMR is based on cryptonote technology and can be used as a completely anonymous currency while bitcoin is transparent and can be used to track on a wider sense. I was once visiting deep web regularly (way back in 2016) and majority of the dark websites have been using bitcoin back then. But after the 2018 pump on majority of the coins, monero, litecoin and dash are being used in a far majority while considering with bitcoin.

Stealth Addresses, Ring signatures and transactions are one of the well known tech which were adopted by monero to make the transactions between the users private and anonymous.

As we can see, Litecoin has gained 30% that has made transactions in the Darkweb aside from Bitcoin that mainly use.

Litecoin is more or less a popular fork of bitcoin with mining algorithms, confirmation times and total circulation being the only major difference between the two. Whereas Monero and Dash are far more different from bitcoin AFAIK. Not sure why Dark web users prefer using LTC instead of XMR  

@OP this topic fits better in Altcoin Discussion rather than Bitcoin Discussion

The dark web does intrigue me to be honest but I wouldn’t have any idea how to access it. Does anybody have any experience of it?

I presume you use Tor but what do you even search for, how do you access it?

Tor was initially created to protect USA communications but it has taken a far bigger picture than it has intended to be   You could access non-indexed web pages and more importantly the .onion URLs by staying anonymous. Your IP gets connected to a TOR entry Node which further connects to another middle relay node and thereby finally reaching the exit node. The exit node will contact server and get back to you with the desired information. While I was using TOR I was very much concerned about my privacy since any wrong doings or downloading malicious content from any of the non-indexed sites will get you into serious troubles of self-doxxing yourself. I own a raspberry pi and have Kali Linux installed with it and subsequently use TOR. Visiting hidden wiki will help you get started with accessing various hidden dark websites.

Well if you need to stay truly anonymous you could use TOR but accessing any of the hidden sites very often will get you into unnecessary troubles in future.

[MURONDI]

in my opinion they use crypto which is already popular, bitcoin, ethereum, litecoin, monero, and other popular crypto, because crypto which is already popular has many users and is easily disbursed.

[target]

I thought the deeponion is also being used there. I'm not sure if there are merchants in out country that sells stuff in dark/deepweb right now but the last time I tried visiting there was none. There would be 3rd party escrow I guess or  smartcontract when making transaction I guess in deepweb. If LTC is mostly used in deepweb the fact that they don't have privacy feature, there would be no need for privacy coins why create one?

[Kyraishi]

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.

A lot of the people that care a lot about privacy are using DASH and XMR, since they are 100 percent the safer option compared to other coins that have a open ledger for transactions.

However, a lot of people don't know about them and are under the impression that they are shitcoins, so they will use BTC mostly since it provides a level of anonymity and also is much more convenient to use than other options, and usually since they are frequent users, it makes their lives a lot easier.

[Beparanf]

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 heard before that the deep web basically uses bitcoin to transact, but as the crypto world developed, most of them now use altcoin or other shitcoin like Eth, Dash and Monero between three coins. I think those who are far away on the web prefer to use Monero on the black market because coin privacy, traceability, and Monero transaction costs are generally relatively low, so far it has been estimated to have reached 34k crypto theft.

Maybe before the alts became popular and been tested to have low transaction fees and more effective in terms of security  and much privacy than bitcoin since transactions can be traced. I was once curious in deepweb but when someone told me that they can track my IP or location they can target me to hack back in College days so I never get curious again.