Why criminals still use Bitcoin?

[blckhawk]

No no, bitcoin may be traceable but only to a certain point. Can you identify the user of a wallet from his exchange site wallet address? Well, maybe the exchange site admins may be able. IDK

I can partly agree with your statement however, authorities can definitely track down someones' wallet but this will be rigorous. Like for example, the email or number that they used to sign up on the exchanges and there's a chance they could find where it located. One more thing, I doubt they will just leave it on the exchange site so there's a chance that they will put on their wallets, by then there will be a higher chance for you to track them down.

[amishmanish]

Reading this article makes me think that this is clearly a new form of Bitcoin advocacy. Now that institutions want to get into bitcoin, the whole narrative of "criminals use bitcoin" is being converted to "LOL, Look at those criminals using bitcoin thinking they can't be traced". The article is also littered with other nuggets like "Bitcoin is solid", "Criminals don't want to stay in volatile cryptos", "Bitcoin can buy Tesla that the other obscure currencies cannot".

Whether criminals use it or not should not even be an issue anymore. Criminal groups that need to pay their lowest level operators will not transfer "Bitcoin" to the wallets of their poor little foot soldier. Ultimately, they all do it in cash. Its just a convenient excuse to talk about bitcoin. The "law enforcement" and the "government" needs to get its own corruption in control. Its this their corruption that enables criminal enterprises, not bitcoin.

[AicecreaME]

Criminals comes with different meanings, others think criminals are those who kill people, who stole people's stuff, etc. but people who dive in deep web buying illegal things could be consider as criminals, as long as they are using bitcoin in illegal deeds then they are criminals.

Terrorist and criminals still use Bitcoin because they can easily fake their identity online rather than using fiat and submitting their identity physically in somewhere they want to rub or process a transaction. Using bitcoin is less hassle and much safer especially in this time of pandemic. What's funny is that terrorist also evolves, they also have the same security and teams like the police so they always outwitted them in some points.

[Lorence.xD]

They believe that they can slip through the cracks when they are using bitcoin as a means of transfer for their illicit activities. What they do not know that bitcoin offers pseudo anonynimity, even if they know about they will still go for it because bitcoin can sort of cover their tracks. Plus if they deal the old fashioned way of cash then the chances of getting busted is high so they take the chance to just transfer the illicit funds through bitcoin.

[MCobian]

It is possible that criminals are influenced by government statements and many politicians who say Bitcoin is widely used
for illegal activities. So criminals think using Bitcoin for crime is a trend nowadays, even though what is widely used for illegal
activities is fiat. Therefore, many criminals want to use Bitcoin.

[Gotumoot]

They still use Bitcoin because it is convenient to them since it easy so easy to use and to send to everyone who have Bitcoin wallet it wouldn't matter where you are they could easily send it and they wouldn't care about the tax or any other things.
They could also clean it through crypto mixer so they think that it wouldn't be traced easily.

[larus]

Lets be honest. Criminals are not using BTC in general. They prefer cash, carded bank cards, monero, etc but not bitcoin. Its nothing more than media fake

[buwaytress]

They still use Bitcoin because it is convenient to them since it easy so easy to use and to send to everyone who have Bitcoin wallet it wouldn't matter where you are they could easily send it and they wouldn't care about the tax or any other things.
They could also clean it through crypto mixer so they think that it wouldn't be traced easily.

Um yes, so convenient. I can go and ask all of my contact list in my phone (yes, my real life contacts, not bitcointalk guys) and all of them will have a Bitcoin wallet, right?

And if I ask them for a tenner in Bitcoin, so easy and convenient for them too, right?

Have you ever used a crypto mixer?

[lepbagong]

Lets be honest. Criminals are not using BTC in general. They prefer cash, carded bank cards, monero, etc but not bitcoin. Its nothing more than media fake

Now it is not easy to use cash to make transactions that lead to criminals (drug dealers, corruption, etc.) because they are easy to spot and can be marked, especially if you use banking, it will be easier to trace them.
bitcoin is one that can reduce and make it easier for them to obscure the proceeds of this crime.

[Zilon]

It is more convenient for criminals to loot using bitcoin than other fiat because its a bit complex to start tracing the exact owner of a particular bitcoin address and this is making cyber crime more easier for looters. Criminals no longer scam using banks anymore. Most investment platforms uses bitcoin which makes their work (scamming others of theor hard earned fortune) easier and safer. Could there be a way out to prevent this from becoming a norm in our society. Most wallet have been hacked lately by this hoodlums thereby causing many to go backrupt and many fake wallets owned by this criminals. What could be done then.

I think on my own part that those with tender and just minds should go in and learn cryptography and bit coin mining to help come up with a solution that will help reduce this criminality in our society

[BTCappu]

Criminals might be making use of Bitcoin, but the ones I have heard of and read of on the news were all caught, which means that Bitcoin is still not safe means for them to be covering up the things they do, they can still be caught when they are making use of Bitcoin. Although there have been coin mixers here and there to help them increase privacy of the coins they are holding.

There is one hack that took place on an exchange and after the hackers got some bitcoins they sent it to mixers so that it will difficult to trace. They haven’t been caught yet, which means that the mixing helped them I guess.

[Kong Hey Pakboy]

From my point of view, Criminals will still use bitcoin as part of their illegal activities such as money laundering, illicit trades, scams or frauds, etc. Until there is always a way or a solution to allow them to transfer their funds privately or anonymously, criminals cannot be tracked or traced by the authorities if they used Bitcoin Mixer to get away with their crimes.

[Crptomagma]

Bitcoin as a Cryptocurrency doesn’t have limits or restricted for anyone to use. Bitcoin is anonymous and decentralized so why should anyone be surprised about its being used for criminal activities? It’s private and secured system makes it tool for criminals to carry out their operations. Bitcoin is one of the most appropriated Cryptocurrency in the world today, and these value attract lots of criminal to want bitcoin.

Bitcoin just like every other currency in the world would be obviously used by criminals to enrich themselves and extort funds from their victims. Bitcoin isn’t restricted and anyone can use bitcoin and how do we know the criminals from the genuine users. The only way is to educate ourselves more about bitcoin and keep our security key private in secure location to avoid intruders. With these precautions we can be free from criminals and don’t fall victim to their evil devices.

[dansus021]

In addition to the good function of anonymous bitcoin when transacting and making our privacy safe from people who want to know our funds, but in other places it is very profitable for criminals because it can eliminate their tracks when making transactions such as buying drugs or weapons which are strictly prohibited by the government country. Maybe that's the negative side of bitcoin that criminals can take advantage of.

Yes Sure, remember back in the days dark marketplace like silk road using crypto as primary payment and a lot of things happen after that like big exchange got hacked and some hacker still free and + with bitcoin mixer so more hardly to tracked the bitcoin transaction

[Xinarae*]

The reason Bitcoin is used by illegal criminals in many countries is that they can use it for illegal purposes as they wish. With the use of Bitcoin fraudsters and criminals often steal credit cards and withdraw money or make online purchases. Since this virtual currency is digital there is no imprint that allows for the manipulation of an individual’s funds. The sender can only send the amount of bitcoin he or she wants and manages the payment strategy on his behalf to the recipient this is why criminals use bitcoin.

[dificanovi]

I think they use bitcoin because bitcoin is a crypto currency in the form of digital numbers, besides that the criminals only use computers or laptops and the internet network, with that they can hack other people's bitcoin wallets.
But in the end they can be tracked by law enforcement when they exchange fiat currency, law enforcement will track the bitcoin address used to receive funds.
I hope the security of the crypto currency system is more secure so that criminals can be tracked down and given harsh penalties, so that there will be no more crimes in the crypto world.

[plvbob0070]

The more bitcoin gets recognition, the more criminals will also use bitcoin for transactions in their illegal activities. Aside from the convenience, and that some criminals think they can hide and can't be traced with bitcoin, we just can't stop them from using it. It's the same with fiat, bitcoin has values so it will likely be used for illegal activities no matter what we do. But comparing it to the percentage of criminals using fiat in illegal activities, bitcoin is not that big.

[Axelseseclevz]

Criminals still use bitcoin simply because they can hide it from the authorities and they can make transaction easily using bitcoin, hassle free. They can send transaction from their illegal activities to their business partners easily with out the knowing of the authority.

[proTECH77]

The reason why criminals still use bitcoin is because of the power bitcoin get in the market. Any time bitcoin is going up in the market other cryptocurrencies will be going down.
Bitcoin is decentralized currency which everybody have access to make use of in a legal way like the way we make use of fiat money in a different countries of the world. Bitcoin is more popular than other cryptocurrencies that is why some people are trying to use it illegal way which is not working properly for them with the negative attitude.

As BTC is pumping now I came to discover other cryptocurrencies are reducing gradually in the market. And bitcoin is gaining more population of investors and criminals investors in the community. Many scammers are using bitcoin to scam those new investors who don't really have idea of bitcoin investment.

[Alert31]

Bitcoin is so valuable and it is decentralize digital currency which criminals most like. They can hide their evil and illegal works from the authority and they can send transaction so fast. They don't need to carry a lot of fiat money anywhere for their transaction. Also bitcoin users are now increasing which maybe they also target those people inside the crypto space for their illegal activities.