The deep & dark web is often linked with criminal and illegal activities like selling exploit kits, drugs, and stolen credit cards using cryptocurrencies as a payment method. In this blog, we will let you know how cryptocurrencies have been involved in illegal activities on the dark net.
You must remember that Bitcoin crypto material does not duplicate within the network. The blockchain rejects the transaction as fraud if duplication occurs in any account. Therefore, digital currencies can help both criminals and terrorists buy goods and services on the deep web. The article will guide you more about buying Cryptocurrency and how it works for the deep web.
However, the first online darknet marketplace, the Silk Road, relied heavily on Bitcoin as an alternative to conventional and highly-censored payment systems. If you log in to the VPN on your device while purchasing, it will keep you safe & secure from tracking and making a purchase through a digital wallet.
A cryptocurrency is a form of different types of digital currencies that uses cryptoanalysis to secure, save and validate transactions. And it also controls the creation of additional currency units, verifying the transfer of funds. Cryptocurrencies are decentralized, meaning there is no central bank or single administrator.
But you can send them to your friend and family anywhere in the world. This makes Cryptocurrency unlike traditional fiat money, which is issued by a government and regulated by an institution. The first Cryptocurrency was Bitcoin which originated in 2009, and it is still the best in the world.
The Link Between Deep Web with Cryptocurrency
The deep web is hidden and seems like a mysterious place and depth of the world. Search engines do not index the content of the deep web in the world, and don’t you think it works on Google, Yahoo, and Bing, which give you the result of the indexed pages. It works on another browser that links with the VPN to stabilize the connection.
Other than that, if you want to buy or sell illegal items from the deep web, you must have Cryptocurrency as a bitcoin in your wallet because, on the deep web, the payment system only depends on digital wallets. No other currency is used over there to purchase any items.
How Does Cryptocurrency Work for the Deep Web?
The deep web is a hidden part of the internet that you cannot access without special software or hacking. This is because it is encrypted and requires a login to see the content. Cryptocurrencies are also used in this section, as digital currency is more useful when used on the deep web. Cryptocurrencies are also
used in this part of the internet to exchange money between people who are not physically present.
Mining is a process that is created by a unit of Cryptocurrency. It involves computer power to solve a complex mathematical problem that generates coins. Deep web users can also buy the currencies from brokers, store them and spend them using cryptographic wallets. In addition, owning Cryptocurrency means you own nothing tangible. With the key you own, you are able to send a record or a unit
of measure from one person to another without the need for an intermediary.
Furthermore, Bitcoin has existed since 2009, but cryptocurrencies and their applications still have a long way to go regarding financial use. More uses are expected in the future, going with the deep web illegal actions. Eventually, the technology could be used to trade bonds, stocks, and other financial
How to Buy Cryptocurrencies to Purchase Illicit Items on Darknet
It is not a risky process to buy crypto for your own activity. You can buy anything from a crypto wallet if you have money in your digital wallet. If you don’t have it, buy it by following the method below.
Choose a Dedicated Platform
First, you must decide on a platform between a traditional broker and a dedicated cryptocurrency exchange. Here are the following two terms: learn and see how you can understand them.
- Traditional Broker – Online brokers, provide a way to purchase or sell crypto and other financial assets such as stocks, bonds, and ETFs. Their trading costs are lower, though they do not offer as many crypto-specific features.
- Cryptocurrency Exchange–Many cryptocurrency exchanges are available to choose from that offer multiple cryptocurrencies, wallet storage, interest-bearing account option, and more.
Always choose a platform that offers different cryptocurrencies and look into what fees they charge, security features, withdrawal options, and any educational resources.
Funding the Account Through Trading
Trading is the way to refund your account, but it’s risky. However, most crypto exchanges allow users to purchase crypto using fiat currencies like US Dollar and the British pound. And these currencies are varied by the platform to platform. After choosing a specific platform, the next step is to fund your account to work on the deep web, so you must start trading.
You can purchase Cryptocurrency with a credit card might be risky, and few exchanges don’t support them because few credit card companies don’t allow crypto transactions. In contrast, some platforms will accept ACH transfers and wire transfers. And every platform accepts payment methods with the time taken for the deposit or withdrawals. So, I recommend that you don’t get into a panic.
The cost of the service is important to consider. This includes possible transaction fees for deposits and withdrawals and trading fees. There will be a difference in fees depending on the payment method and platform, so research them beforehand.
Placing a Crypto Order
Lastly, you can place an order through your exchange web or broker. If you plan to buy cryptocurrencies, select a Buy option, choose your order type, enter the currency amount you want to purchase, and confirm the order. At the same time, this process is also applied to the sell orders.
Furthermore, you also have multiple ways to invest in crypto, including payment services like PayPal, Cash App, and Venmo. Which informs the deep web users they can buy, sell or hold cryptocurrencies. Additionally, you can invest in these tires like bitcoin trusts, bitcoin mutual funds, and blockchain stocks
or ETFs, and in trading. Remember one thing: all things depend on your risk of interest.
What Illegal Materials Can You Buy on the Deep Web Using Cryptocurrencies?
When Bitcoin launched in 2009, it was used for regular transactions. And you can make anything possible to buy on the deep web from Cryptocurrency, like a glass of water, credit cards, big tickets, and much more.
Nowadays, several cryptocurrencies are accepted by different companies, and they started to do large transactions, which involve rare cases. Even you can buy multiple products from an e-commerce website using crypto. Here is the following illegal material you can buy, and know what type of material you can buy.
1) Stolen Credit Card Details
Buying or selling credit card information through the deep web is easy. You need to just get out of your comfort zone when using stolen credit cards because victims can cancel them instantly. However, you all know that credit card is so valuable; that’s why a question arises why would the sellers not cash out themselves? I tell you that cloned cards belong to the big business, and you have to be very careful while using them; it seems faint-hearted.
2) An Advance Adult Content
The adult content has a large section that requires by many people on the deep web, and it’s not enough for the users. This is the only place on the deep web where you can find undesirable material. Using a cryptocurrency digital wallet, you can also buy it from different darknet marketplaces.
3) Lifetime Netflix Subscription
A more indirect version of credit card fraud is involved here because all you need is lifetime access to Netflix. And then you can purchase subscriptions with years already loaded. They are paid for through stolen credit cards. If that happens, you will get someone else’s subscription, and I will not judge you if you pay for Netflix in the usual way. It’s a lifetime subscription because that’s what you get.
4) Luxury Goods
Some of the few retailers accept crypto in the form of payment for the Rolex, Patek Philippe, & other expensive watches. The retailer accepts Bitcoin as a cryptocurrency earned through the deep web.
Most car dealers accept bitcoin as a cryptocurrency to work more in their field & sell branded luxury cars throughout the world at a reasonable price range.
Overall, the deep web is the scariest search engine; you can access it through a special browser. And if you want to buy illicit items, you may purchase from the deep web. You just need to have Bitcoin in your digital wallet to buy anything.
Last, you can also buy crypto coins through trading, from where you can also get profit doing it, and all the methods like buying Cryptocurrency. In the comment box, let us know if you have ever bought anything using cryptocurrencies on the deep web.