Which cryptocurrencies are most commonly used on the dark web?

3 answers

• BHASREETH SANGARSHAug 31, 2023 · 2 years ago
  The dark web is notorious for its illicit activities, and cryptocurrencies play a significant role in facilitating these transactions. Bitcoin is the most commonly used cryptocurrency on the dark web due to its widespread acceptance and established infrastructure. Its decentralized nature and pseudo-anonymity make it an attractive choice for users seeking privacy. However, other cryptocurrencies like Monero and Zcash are gaining popularity for their enhanced privacy features, such as stealth addresses and ring signatures. These privacy-focused cryptocurrencies offer users a higher level of anonymity and are increasingly being used for illicit transactions on the dark web.
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• tuanh123Oct 11, 2021 · 4 years ago
  When it comes to the dark web, Bitcoin remains the king. Its long-standing presence and wide acceptance make it the go-to cryptocurrency for most transactions on the dark web. Bitcoin's decentralized nature and the ability to create multiple addresses provide a certain level of anonymity. However, it's important to note that Bitcoin transactions are not completely anonymous, as all transactions are recorded on the blockchain. For users seeking even greater privacy, cryptocurrencies like Monero and Zcash offer advanced privacy features that make it harder to trace transactions. These privacy coins are gaining traction on the dark web due to their enhanced anonymity and security features.
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• ramwen0Feb 21, 2021 · 4 years ago
  While Bitcoin is the most commonly used cryptocurrency on the dark web, there are other digital currencies that are also popular among users. Monero, for example, is known for its strong privacy features, including ring signatures and stealth addresses. These features make it difficult to trace transactions, providing users with a higher level of anonymity. Zcash is another cryptocurrency that is gaining popularity on the dark web due to its focus on privacy. With its zero-knowledge proofs, Zcash allows users to prove the validity of transactions without revealing any sensitive information. These privacy-focused cryptocurrencies are preferred by users who prioritize anonymity and security on the dark web.
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