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

[Getmon]

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.

Bitcoin used to be the top choice but the deepweb terrain has changed a lot ever since it is proven that Bitcoin's privacy is not comparable to the likes of Monero and other coins that are focused mainly on privacy features. And then since the crypto world is getting bigger with a lot of other coins that offer lower fees and faster transactions, there seems to be no more monopoly of coins used in the deepweb.

[Little Mouse]

BTC, XRP and ETH are the main currencies which most services and marketplaces are accepting,

While you are correct here that these are most used and also not all the deep web are illegal, I think OP was looking for the specific answer to the illegal one which uses mostly BTC, XMR and sometimes DASH too. I don't have much idea on these although but I am pretty sure that BTC & XMR are the most used. There are so many privacy coin like XMR, DASH, ONION, PIVX etc which ensure private transaction but not each of the coins are not accepted because of the liquidity problem.

[Dau1coduot]

The most popular coin accepted is Bitcoin. As in October this year  U.S. and Korean authorities busted child porn criminal, they use Bitcoin as payment method.

[Doranile432]

Its still bitcoin as per the news surrounding the internet, but those who understands what privacy means will use monero instead for better privacy and security

[mersal]

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.

AFAIK,they will accept bitcoin on most sites because I visited many darkweb sites and found bitcoin as the payment option.I never found any altcoins for payment method since I am not using darkweb much,just google will be enough for me.

[sulis sudibyo]

all I know is bitcoin and privacy coins like Monero that are commonly used there. but there are some people who say DASH, XRP and ethereum are also often used. but honestly I'm a little doubtful about that.

bitcoin was the first choice for transactions on the deepweb. but after popular menero, XMR was number one.

[fuer44]

if this crypto is an anonymous transaction, I think all crypto in all types of coins can be used for transactions there. only the contact address is written there and our name will not appear there, and the only recorded in the blockchain ledger is our address and our transaction. it is enough to conduct transactions there, because clearly crypto is different from credit cards or accounts. but I suggest never to carry out illegal or negative transactions using crypto so that the government does not increasingly prohibit its circulation.

[Darooghe]

There are BTC and Monero, but majority of transactions on the deep web are done using Bitcoin because it is widely used. some marketplaces could try to shift over but it would be a big risk since they could loose all there customers who would rather only pay in Bitcoin. however, IP addresses are displayed and recorded by full nodes clients during transactions and anonymity is one of the primary concern for deep web users. thereby, I believe Monero is a popular alternative that anyone can trust. Right now, it is a tool in the privacy arsenal and it's far and away the best we've got in terms of financial privacy. Not only that, but it's improving all the time.

[befriendmywater]

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.

Most of them often use coins that are not highly secure. They most commonly use are Dogecoin, Bitcoin, Dash and Monero.
I had previously visited a sales website on deepweb and they only collected those 4 coins. That is the information I know about this topic.

[caffu chino]

bitcoin is the most commonly used, but there are also people who use monero (XMR). XMR has recently become popular since bitcoin transaction fees are quite expensive. XMR is an alternative choice for those who are in the deepweb.

[Landak]

I do not really know because I have never done transactions on the deep web, I am too afraid to enter the deep web (dangerous). I've ever read, Monero [XMR] is the most widely used for transactions in there because it is private and untraceable.

[Youghoor]

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.

For the cryptocurrencies used in the deep web, you don't need a rocket scientist to come and tell you that at least five to ten of the top cryptocurrencies on the crypto market are widely accepted on the deep web for transactions. To get more information regarding the crypto coins used on the deep web, trying browsing through the deep web, that will help clear all the doubts in your mind..

[dark08]

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.

For sure theres a lot of way to make a transaction on deepweb but I'm sure that bitcoin is being use in deepweb transaction, personally I dont even try to dive on deepweb so I dont have any clue what the inside on deepweb.

[Pearls Before Swine]

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

I've never actually been on the dark web and don't plan to, but I've read a lot about cryptocurrency use there on bitcointalk.  Silk Road was famous for accepting bitcoin and I think btc still remains the dominant currency for dark markets.  

I agree that you would expect coins with more privacy features to be used, regardless of the legality of what's being purchased and I'm not sure why coins like monero and dash aren't very popular on the deep web.  They can still be converted to cash but maybe not as easily as bitcoin can be...?  

As in October this year  U.S. and Korean authorities busted child porn criminal, they use Bitcoin as payment method.

It drive me crazy that bitcoin gets associated with that bullshit and that the association gets reported in the media as if bitcoin was the culprit, which it clearly isn't.

[dimonstration]

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?

I also thought Onion is made for that but as per their website stated "Important Note: We do not use referral links or receive payments from any darkweb market" , I thought before as it is advertised as an anonymous cryptocurrency which all crypto should be apparently no longer these day but onion also says that they allows to privately send high-speed transactions.  There might be different alts uses this days by different transactions in darkweb like ltc,eth and etc. depending on fees.

[biddicoin]

Bitcoin is the most used crypto in deep web for transaction

even there are many better privacy coins, but bitcoin is still the most for this case

IMF tells us about this case

A recent report by a leading crypto-payment analytic firm, Chainalysis, shows that Bitcoin transactions on the dark web grew from approximately $250 million in 2012 to $872 million in 2018. The firm projected that Bitcoin transactions on the dark web will reach more than $1 billion in 2019.

https://www.imf.org/external/pubs/ft/fandd/2019/09/the-truth-about-the-dark-web-kumar.htm

[X-ray]

Bitcoin is the most used crypto in deep web for transaction

even there are many better privacy coins, but bitcoin is still the most for this case

IMF tells us about this case

A recent report by a leading crypto-payment analytic firm, Chainalysis, shows that Bitcoin transactions on the dark web grew from approximately $250 million in 2012 to $872 million in 2018. The firm projected that Bitcoin transactions on the dark web will reach more than $1 billion in 2019.

https://www.imf.org/external/pubs/ft/fandd/2019/09/the-truth-about-the-dark-web-kumar.htm

Bitcoin is transparent crypto that has all the transaction recorded in the blockchain and still being used for dark web anyway although the majority of transaction might just be a legal transaction and minority of them is illegal but I do support if there's initiative from the government to fight against any illegal activities even if it involves Bitcoin so that it may reduce the usage of bitcoin for illegal transaction. The exponential growth of the bitcoin transaction in $ might somehow correlate with the fact that bitcoin price has spiked up significantly compared to in 2012 but well I don't have so much data to speak of it anyway.

[deodivine1]

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.

Nice analysis here, I learnt from it. I used to think mainly Bitcoin and Monero are mostly used for dark web operations, until I saw this point of view. How come LTC takes 30% of transactions by vendors on the darkweb? I thought privacy coins could have been more suitable for this purpose, well Monero and DASH are widely used too.

[lobo13hf]

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.

Most of them often use coins that are not highly secure. They most commonly use are Dogecoin, Bitcoin, Dash and Monero.
I had previously visited a sales website on deepweb and they only collected those 4 coins. That is the information I know about this topic.

But again bitcoin still becomes a coin that is still used by the majority of people in the deepweb and we can use this news as a proof
https://thenextweb.com/hardfork/2019/10/14/europol-bitcoin-cryptocurrency-underground-organized-crime-monero-privacy/

Also, that depends on the service or people to accept what kind of crypto in their services. The correct result about how much popular any kind of crypto among them all can't be determined easily.

[takngantuk]

that I hear on the deepweb people use bitcoin and some privacy coins like monero and zcash. but the main choice is bitcoin, because bitcoin dominates the crypto market.