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

[Furakare]

Most likely do transactions with a coin major, perhaps like. BTC, ETH, XRP etc, who knows.

[arimamib]

Most likely do transactions with a coin major, perhaps like. BTC, ETH, XRP etc, who knows.

like if you don't know it you can see a reply from some people before. here he attaches a site that discusses the use of crypto currencies 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.

You need to read the replies that are already there before giving a reply

[Obito]

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.

The popular ones. I have read alot about such stuff but I am not pretty sure about the deepest reason why they use it as a mean for transaction. They use bitcoin, maybe because way back then bitcoin is the most reliable one due to the fact that it was the very first one created, and because of that reliability that it offers made people under the surface net made more interested on using bitcoin as a their mode of payment.

[btcdie]

The stupidest thing in my opinion, I have entered the deep web and what I have met is a Bitcoin multiplier site. People on the deep web are very strange and absurd. I forgot the bitcoin multiplier site (that's a scam on the deep web), and don't want to go to the deep web again. A normal person would say the stupidest thing on the deep web. 70% to launch crime, 20% a hotbed of fraud and stupid things, and 10% as a learning medium. what I know is that they primarily accept transactions using Bitcoin, ETH, LTC and Monero. Monero is more interested because it was developed initially focused on privacy.

[Apinya_Anong1111]

In my opinion, XRP, ETH and BTC are common currencies used as a means of transaction for everyone.

[qwizzie]

Most likely do transactions with a coin major, perhaps like. BTC, ETH, XRP etc, who knows.

like if you don't know it you can see a reply from some people before. here he attaches a site that discusses the use of crypto currencies 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.

You need to read the replies that are already there before giving a reply

Interesting to see Dash battling with Litecoin on the dark web.
It does seem to correspond with the transaction numbers on their network : https://bitinfocharts.com/comparison/transactions-ltc-dash-xmr.html#6m
(Monero transactions are included to demonstrate that Monero is simply not that much used during this bear market in comparison to other networks, it seems to be failing its primary use case)

[ajiz138]

Transactions conducted at Deep WEB are mostly transactions that are against the law, such as the purchase of illegal firearms, cannabis, methamphetamine, human trafficking and many others. Bitcoin is the choice to make transactions more secure and anonymous. Transaction users will not be tracked because it is indeed anonymous. Bitcoin is the most common coin and is most often used for payment on the Deep WEB.

[Kvalentine]

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 never used or seen where some one use deepweb before but as per the information about what deepweb is capable of i think its better for deepweb users to use privacy coins for anything they want to buy on the deep web

[Cryptoheavy]

BTC and monero. But it depends on the platform, there are could be another variants

[Sab11]

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 think the most commonly used by people in deep web is bitcoin because alot of people when hearing cryptocurrency and anonymous transaction is only "bitcoin" the commonly known in cryptocurrency in my opinion.

[imutlinda]

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 think the most commonly used by people in deep web is bitcoin because alot of people when hearing cryptocurrency and anonymous transaction is only "bitcoin" the commonly known in cryptocurrency in my opinion.

actually there are quite a lot of anonymous coins, and I think using bitcoin on the deepweb site might increase transaction fees. and I saw some previous answers that said that there were waiting for transactions on Monero, eth, bitcoincash, dash and litecoin

[Polar91]

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.

Any crypto coin that is decentralized and anonymous, including Bitcoin. Some users are also using mixers in order to fully block someone from tracing the private/exclusive transaction. This is the reason why a lot of mixers are currently existing and being watched by the government at the same time. On the other hand, I don't think they can stop them in making anymous transactions since there are a lot of alternatives also.

[Triffin]

The stupidest thing in my opinion, I have entered the deep web and what I have met is a Bitcoin multiplier site. People on the deep web are very strange and absurd. I forgot the bitcoin multiplier site (that's a scam on the deep web), and don't want to go to the deep web again. A normal person would say the stupidest thing on the deep web. 70% to launch crime, 20% a hotbed of fraud and stupid things, and 10% as a learning medium. what I know is that they primarily accept transactions using Bitcoin, ETH, LTC and Monero. Monero is more interested because it was developed initially focused on privacy.

Bitcoin rules most of the market. The reason is it being the first crypto currency and then highly decentralized with huge profits in return. The amounts asked are also big ones. Most of the forums and chat rooms ask 5 bitcoins to become the VIP member of them. Ethereum comes at second but to be very honest, I have not seen xrp being used in deep-web. It appears on surface web more due to centralized nature.

[Febo]

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.

Mainly Bitcoin. Monero s gaining traction. Bitcoin have most widespread ecosystem so people can acquire it easiest. They are not worried to being traced, since they believe law enforcement will not go after people buying weed, but will go after bigger fishes. Reality is that they will go after them to help them get bigger fishes.

[ampu]

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.

There are also other anonymous currencies like Deep Onion, Zcash but these may not be as popular as other cryptocurrencies.  The fact that Bitcoin and Moreno are popular and long-standing cryptocurrencies so I'm not surprised they are used a lot on the deep web.

[xOdiumNostrumx]

Its interesting to read previous responses in this topic as I have been out of loop with the whole "dark market" scene for the past couple of years. Back in the golden days of Agora and Silk Road, BTC was still the main player on the street, but now I am noticing that a hefty number of them have changed to Monero, a move that is not surprising at all.

[TastyChillySauce00]

There are also other anonymous currencies like Deep Onion, Zcash but these may not be as popular as other cryptocurrencies.  The fact that Bitcoin and Moreno are popular and long-standing cryptocurrencies so I'm not surprised they are used a lot on the deep web.

my guess is that people there are considering the liquidity of certain coins to minimze the value fluctuation thus chosen Bitcoin which has known to be the most adopted coin and have the biggest liquidity while in the other hand monero is anonymous though the liquidity is just sufficient. But, I always wonder whether those people in the deep web are making their own altcoin aswell since the deployment is quite simple if using an already existing smart contract platform. That actually makes sense and have the possibility since making their own currency that is not know to the public could lead to lesser attention.

[albrots]

In the past when cryptocurrency was still unknown and there was only bitcoin, deep web transactions only used bitcoin as a means of payment between sellers and buyers on the deep web. What they sell are illegal goods that are against the law. To overcome the tracking of users, the payment is using bitcoin. But now payments can be made with several altcoins such as ethereum, doge, XRP and other altcoins. It is very dangerous to enter the deep web if you are just a beginner.

[Colt81]

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's true that deepwed is commonly uses cryptocurrency to make transactions to buy things that you can only get from deepweb. The cryptocurrency that they used to make transactions are bitcoin, ETH, XRP, and so on because these coins is popular and it has a good value.

Honestly, it is also the reason where my friend started to know about bitcoin and other cryptocurrencies through the used of deepweb, which he knows that he can earn money from investing to it.

[ampu]

There are also other anonymous currencies like Deep Onion, Zcash but these may not be as popular as other cryptocurrencies.  The fact that Bitcoin and Moreno are popular and long-standing cryptocurrencies so I'm not surprised they are used a lot on the deep web.

my guess is that people there are considering the liquidity of certain coins to minimze the value fluctuation thus chosen Bitcoin which has known to be the most adopted coin and have the biggest liquidity while in the other hand monero is anonymous though the liquidity is just sufficient. But, I always wonder whether those people in the deep web are making their own altcoin aswell since the deployment is quite simple if using an already existing smart contract platform. That actually makes sense and have the possibility since making their own currency that is not know to the public could lead to lesser attention.

If you look closely, they already have their own coin, the Deep Onion.  This cryptocurrency project is supported by many coders but also cannot escape the exchange manipulation.  Although the liquidity of this crypto is not good, it is technically very anonymous.