According to a study conducted by The Block, Bitcoin is still the users' favorite crypto for making payments and withdrawing money on the darknet.

As per the results of the study, 98% of the 49 darknet markets analyzed support the largest cryptocurrency on the market.

However, it is not the only one. Monero, a popular privacy-centered crypto, is the second most widely used cryptocurrency, as it is used in 45% of the darknet markets studied.

The third and fourth place are occupied by Litecoin and Bitcoin Cash, which are used in 29% and 12% of the markets, respectively.

iHodl reported in mid-July the use of BTC's mixing services, which allow users to hide their trace on the network, surged during the first quarter of the year.

In May it was known the total dollar value of Bitcoins transferred on the dark web had increased by 65%.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read the original post:

Bitcoin Still the Favorite Currency on the Darknet - ihodl.com