Why criminals still use Bitcoin?

[oprahwindfury]

The simple reason is Bitcoin transactions can't be traced and tracked by any other people and this is the thing criminals are here with this process.One more thing is money laundering and stuffs.But my opinion is this kinds of conversations shouldn’t not be discuss here because overall it's a negative topic and negativity shouud not be spread by us.

[Alucard1]

Criminals will always use bitcoin to do criminal activities because of thinking that they cannot be traced when using a bitcoin, this is a common mistake for every people they though they when they have transactions with a cryptocurrency they think that they are now safe and the government won't see it but it is a wrong mind concept.

Cryptocurrency are also used int such dark web and they ar eusing cryptocurrency as a means of payment for dealing such criminal activities, money laundering, illegal drugs, buying dangerous weapon, etc.

[Janation]

I don't see bitcoin as a tool for criminals, it all depends on the forum where they purchase the token. That's why I recommend KYC system for all exchanges, to avoid criminals from tarnishing bitcoin.

KYC won't solve that problem.

You should always remember that most of us are using Bitcoin and other cryptocurrencies because of the anonimity it offers. That is the reason why a lot of people here in this community doens't like KYC but there are some that doesn't have a choice but to do it. They are not tarnishing Bitcoin, they are just using Bitcoin because of its feature.

[ChiBitCTy]

This is in large part due to ignorance and ease of use.  First of all many people who still use bitcoin to purchase online drugs and illegal goods simply don't realize that bitcoin isn't anonymous.  Second, one issue with Monero is that it's too difficult to use.  This is a big reason why people aren't using it more than bitcoin.  However coins are easy to swap so I don't think that fact that those other coins can't buy as much stuff straight up, plays that large of a factor in this.

[charlesmichel1]

There are two reasons. Firstly, it's easy to buy and cash out Bitcoin. Secondly, some of them have a misconception that Bitcoin is 100% private.

[Hasan905]

And since all transactions are very easy to track, there are good opportunities for law enforcement to catch criminals with Chainalysis.

well, the government will track the transaction history, they will find out easily where to start and where to end and this is the benefit of blockchain. But the question is how will they identify the identities of criminals? Also, how can you say that they won't use mixer to cleanup their tracking record?

[ghost424]

I don't see bitcoin as a tool for criminals, it all depends on the forum where they purchase the token. That's why I recommend KYC system for all exchanges, to avoid criminals from tarnishing bitcoin.

KYC won't solve that problem.

You should always remember that most of us are using Bitcoin and other cryptocurrencies because of the anonimity it offers. That is the reason why a lot of people here in this community doens't like KYC but there are some that doesn't have a choice but to do it. They are not tarnishing Bitcoin, they are just using Bitcoin because of its feature.

That is quite true. KYC does not even solve the problem. It might only have a slight effect since some criminals are able to acquire the identity of other people to use at exchanges. KYC for all exchanges is not the solution. They are using Bitcoin since it can be untraceable and money that is untraceable is a good way to send dirty money.

[Blackrain13]

Criminals still use bitcoin because they can hide it easily when doing transaction on their illegal business and they can send money using bitcoin easily. Bitcoin is very useful for the criminals in many ways but I think authorities and the government can also track their transaction and found them later because we have a high technology to be use this time.

[gagux123]

Well, there are some reasons that criminals use bitcoin.
With bitcoin you have privacy, you can send your cryptocurrencies out of the country quickly, you will hardly be able to be tracked and other benefits that cryptocurrencies can provide

[Yatsan]

Criminals, hackers, and as well as scammers are all sharing the same thoughts of seeking seamless and faster way of acquiring money and having anonymity all at the same time having the easiest way possible of doing such illegal activities they are executing taking advantage of the good features that bitcoin do have and offer that is originally intended for the good usage. But since those kind of people are seeking for those advantages, they are making the other way around of using Bitcoin for illegal activities which makes them choose Bitcoin. But compared to fiat and Bitcoin or any crypto, still fiat leads the number of most illegal activities being executed due to familiarization and no more need to further study unlike doing it on crypto wherein you must be knowledgeable enough not to get tracked and get caught.

[tanjiran]

Criminals, hackers, and as well as scammers are all sharing the same thoughts of seeking seamless and faster way of acquiring money and having anonymity all at the same time having the easiest way possible of doing such illegal activities they are executing taking advantage of the good features that bitcoin do have and offer that is originally intended for the good usage.
snip--

Hard to trace, that's the main reason scammers cover their tracks. In fact, when compared, fraud or crime with fiat is much greater. Unfortunately, when there are cases of crypto-related crimes it will definitely be uproar news, apart from the fantastic value of the fraud, many people think bitcoin tends to the criminal world. if we learn more deeply, the benefits of bitcoin are numerous and are useful to cover the shortcomings of conventional transactions today.

[erikoy]

bitcoin is anonymous and that is an advantage to the part of the criminals doing kidnap for ransom, money laundering, fundng terrorist and other means of illegal activities.

This is why government are eyeing bitcoin to destory it or ban it. In fact other countries had already ban bitcoin. It may be not good because we are enjoying bitcoin but this is the reality. Bitcoin has been use illegally and that also bitcoin does not really contribute good for the economy. Imagine you earn in bitcoin but in the procedd others are losing in their bitcoin so what is the point in your earnings?

[DrG]

bitcoin is anonymous and that is an advantage to the part of the criminals doing kidnap for ransom, money laundering, fundng terrorist and other means of illegal activities.

This is why government are eyeing bitcoin to destory it or ban it. In fact other countries had already ban bitcoin. It may be not good because we are enjoying bitcoin but this is the reality. Bitcoin has been use illegally and that also bitcoin does not really contribute good for the economy. Imagine you earn in bitcoin but in the procedd others are losing in their bitcoin so what is the point in your earnings?

You're fooling yourself and others if you believe that the reason governments banned BTC (and other cryptos) is because of their use for illegal activities. A local man was murdered yesterday using a crowbar - by similar logic governments would start monitoring sales of crowbars and restrict their usage.

The reason for the ban was because crypto was being used to circumvent the established tradition of having banks move your money to another bank - all under the purview of the government. They need to know what you're doing with your money at all times apparently, even if it's perfectly legal or illegal (such as money laundering). The only reason they make the laws with titles saying it's to combat terrorism is so that no rational person would be opposed to combating terrorism. Yet their fiscal policies of separating people and their money is a veiled form of terrorism in and of itself. There is no reason why banks should be closed 2 days a week when plenty of people around the world have to work all 7 days and on holidays.

As long as ignorant people allow such crooked politicians to control the system the ignorant people will be treated as children. Children should haven't direct access to their money - only a wise government can help them spend it properly /s

[DrG]

It's simple, Bitcoin is a safe heaven for Criminals and Money laundering. This is why many govt not allowing bitcoin public legally in their country. You can easily move money without any trace of it. For example you can use annonmouse way to trade Monero, nobody will able to find out. This is why Monero called privacy coin. It is not good for Govt.

This is their stated reason, but it doesn't explain why coins that are fully traceable are still banned b governments. The unbanked world is coming to the realization that it doesn't need a bank to work as a middle-man siphoning off fees every time money is moved. A decentralized can do the same thing more efficiently and for less fees. Therein lies the rub. The banks bankroll plenty of politicians. Everything from mildly unethical things like giving 0% interest loans on a governor's mansion all the way to highly illegal like holding gold obtain during wartime confiscation like all that Nazi gold sitting in Swiss accounts or all the money England looted from India.

If the banks don't make money, the politicians lose a big source of financial support, and that's just not acceptable 

[Swopon]

Bitcoin is mainly used to hide your identity with the help of virtual money. Criminals want to hide their identity and it's a nature of them so that they can not catch behind. Bitcoin is anonymity and that is the very charm of its nature. No need to go outside or to meet to paying. All things can be done at home by paying Bitcoin through online wallets.

[claire_lovely]

Most of crime is still done via fiat money, and governments are the widest perpetrators of crimes against humanity with constant taxation for war. Bitcoin is what allows people to be free from having their money be used to harm others.

[Serious475]

Most of crime is still done via fiat money, and governments are the widest perpetrators of crimes against humanity with constant taxation for war. Bitcoin is what allows people to be free from having their money be used to harm others.

Criminals is using bitcoin if they have enough knowledge about it and they cannot use it in crimes if they don't know how to operate it. Unlike fiat currency, bitcoin is not easy to access and not known by all the people and you will be having a hard time to retrieve your bitcoin when a crime happens if your country is allowing you to use bitcoin but if your country allows you to use bitcoin, you can use it but always be careful because you cannot retrieve your money all the time because sometimes no one can do a solution for a problem that is not experienced by the others.

[Trinx01]

Criminals are using cryptocurrency since then, you should also not include the word "still" on the title because criminals are using cryptocurrency for criminal activities as always because of thinking that they cannot be traced when they do the transactions using crypto which is not true because there are still accessible for the government for every transaction using cryptocurrency that is why most of the hackers and scammers who have done big crimes are being caught by the authorities

[k@suy]

Criminals are using cryptocurrency since then, you should also not include the word "still" on the title because criminals are using cryptocurrency for criminal activities as always because of thinking that they cannot be traced when they do the transactions using crypto which is not true because there are still accessible for the government for every transaction using cryptocurrency that is why most of the hackers and scammers who have done big crimes are being caught by the authorities

I agree. The statement was wrong and it should be in the form of present continues tense of verb because yep you are right, since then the criminals are still using the bitcoin until now for their dirty jobs and illegal activities. We all know that through the use of bitcoin we can hide our identity in each and every transactions we have because of its anonymity that's why the criminals can use it freely because the authorities cannot find them easily.

[gurjasmeetsingh]

My opinion is that clear about bitcoin, it's already king of crypto currency yet.but lot of  people, like hackers can't doing against bitcoin. Whenever bitcoin is a sharp tool for face to hackers activities. I can't believe bitcoin give the chance to hacking. I think so.