RATE Group | Bitcoin is the principal cryptocurrency used in the dark web
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Bitcoin is the principal cryptocurrency used in the dark web

17 Oct Bitcoin is the principal cryptocurrency used in the dark web

Posted at 01:53h in Bitcoin News by

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  • Bitcoin is predominant in the dark web due to its familiarity within the customer base.
  • Bitcoin is also extensively used in ransomware campaigns.

Bitcoin plays a vital role in the underground economy and is the principal payment method that is used in the dark web. Those seeking to mask their tracks are gradually learning to use privacy-focused alternatives. Europol, in its latest assessment of internet-based organized crime, stated:

“While we have previously reported a small shift towards more privacy-focused cryptocurrencies such as Monero, Bitcoin remains the currency of choice for both legitimate and criminal use.” 

Europol reported that Bitcoin is predominant in the underground economy, notably in dark web markets due to its familiarity within the customer base. Precisely, Bitcoin is extensively used in ransomware campaigns. Europol states that these attacks are the most prominent cybercrime it tackles. 

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