Do you want to do crypto transactions while being anonymous? If yes, then we have got you covered. Read this article to explore the top 5 cryptocurrency services on the dark web for anonymous crypto transactions that will ensure user anonymity with enhanced privacy.
What are Cryptocurrency Services on the Dark Web?
The dark web, usually known for its focus on anonymity and hidden activities is an early adaptor of cryptocurrencies. In the early years, the dark web mostly relied on Bitcoin for different illegal activities but the dominancy decreased and now other privacy-focused cryptocurrencies like Monero and Zcash have gained the hold. Moreover, the cryptocurrency services on the dark web vary according to the user’s preference and use. Most of the users use these services for being anonymous while; some use these services for malicious and illegal activities.
Top 5 Cryptocurrency Services on the Dark Web
Below we mentioned the top 5 cryptocurrency services on the dark web that users can use within the dark web marketplace.
1. Crypto Wallets
The cryptocurrency services on the dark web include anonymous crypto wallets that allow users to trade cryptocurrencies without revealing their identity. The transactions on public blockchain can be tracked but these crypto wallets prioritize privacy by offering features like VPN masking.
Crypto wallets are like online bank accounts for your cryptocurrencies that are accessible all the time. It stores the private and public keys to purchase cryptocurrencies and offers digital signatures with an easy-to-use interface. It supports cryptocurrency transfer via the blockchain and even allows users to buy and sell their crypto assets or interact with decentralized apps. A crypto wallet doesn’t typically hold user’s coin but it holds the key to their coins that are stored on public blockchain networks.
Crypto wallets consist of user-friendly apps to complex security solutions. There are two kinds of crypto wallets; software-based hot wallets and physical cold wallets. The hot wallets include Web-based wallets, Mobile wallets, Desktop wallets, and Software wallets. The cold wallets include Paper wallets and Hardware wallets. Moreover, users should choose the most secure and efficient crypto wallet according to their use and preference.
2. Cryptocurrency Exchange
The crypto exchange is like a stock exchange that allows investors to buy and sell items in cryptocurrency like Bitcoin, Tether, and Ethereum. While talking about cryptocurrency services on the dark web crypto exchange offers the most anonymous platforms like Godex, Changelly, ChangeNow, MorphToken Crypto Exchange, and Sideshift Crypto Exchange. Here we will discuss two crypto exchange platforms for anonymous crypto swapping.
- Godex: It is one of the fastest exchange services in the dark because of security protocols. Godex does not collect or store customer’s personal information which reduces the risk of information leaks. Also, it offers about 200 coins to exchange with no exchange limit.
- Changelly: It is also another cryptocurrency exchange service that allows easy and anonymous crypto-to-crypto trades with top security. It allows complete transactions with just a few clicks while being completely anonymous and offers a huge range of cryptocurrencies. It is the most secure and safe option for users who want to keep themselves anonymous.
3. Crypto Mixers
The Crypto mixer is one of the main cryptocurrency services on the dark web for anonymous transactions that is also known as a tumbler. The crypto mixer is a tool that can be used to enhance user privacy by making cryptocurrency transactions more anonymous. Crypto mixers are not illegal but they are being used for many illegal activities on the dark web. According to a report, crypto mixers are a go-to tool for cybercriminals dealing in cryptocurrencies.
This cryptocurrency service on the dark web is designed to protect user privacy but now it is commonly used in fraud cases by illicit actors and has also been connected to many hacking cases. This crypto service is not only available on the dark web but it is also accessible on the surface web. Moreover, it makes it hard to trace the transactions for law enforcement by mixing the source funds with other funds. Some of the crypto mixers are also linked to large-scale hacks and money laundering. The crypto mixers include blander.io, Helix, Bitcoin Fog, and Tornado Cash.
4. Crypto Escrow
Crypto escrow is a cryptocurrency service on the dark web that helps to secure cryptocurrency transactions. Escrow is mostly used for real estate transactions and provides security for everyone. In crypto escrow a third party, known as an escrow agent holds the payment and funds between two parties to ensure both of them complete their contract before the deal is released. Moreover, crypto escrow offers enhanced speed and efficiency and minimizes the risk of fraud or deception on the dark web.
By using this service, buyers can also hold the payment until they receive the satisfactory delivery of the service or product. Many users use escrow on the dark web as it ensures that sellers deliver what they promise. There are so many crypto escrow options available that choosing the right one is hard but ensure that the service is legitimate by checking its reputation and security measures.
5. Crypto Laundries
Crypto laundry is a growing cryptocurrency services on the dark web. The criminals convert cash into cryptocurrencies from drug trafficking and other offline crimes. Criminals use crypto money laundering to cover the illicit origin of funds by using different methods. Money laundering in cryptocurrency makes it difficult for force enforcement to identify them because of extreme anonymity. The three main stages of crypto money laundering are placement, hiding, and integration. Moreover, it is also commonly used with different techniques for many crypto crimes. Also, money laundering includes many services like nested service that utilizes illicit addresses to conduct exchange.
Wrap Up
In the above article, we have discussed the top 5 cryptocurrency services on the dark web that allow anonymous crypto transactions and exchanges. However, there is always a risk of being hacked or tracked on the dark web so it is important to choose the right crypto service that provides enhanced security and privacy.