Why are there currently so many crimes using bitcoin and altcoin as a means of ransom? one of the most compelling reasons is because by using bitcoin or altcoin wallets it is very difficult for law enforcers to check the ownership of their bitcoin or altcoin wallets, almost all cases of piracy that currently occur always use bitcoin as a means of ransom for them. Maybe because there are many cases like this that can cause bitcoin's reputation to get a negative assessment in the eyes of the world, even though the people who make things like that are not the fault of the transaction tool. Many people misjudge bitcoin when something happens like this.

What if transacting in bitcoin itself is considered a criminal activity. What should we do in such, unfortunate for all bitcoin users, the case? Just imagine, you are now a criminal only because of the fact you chose the wrong currency. Will you continue to use bitcoin knowing you are a potential criminal? Perhaps you will. Because you know that bitcoin is not of good or evil, it is just money that allows you to transfer a value, make savings, and protect yourself from inflation and QEs.

In our case, criminals (as any other people) are using bitcoin because it has proven its utility for transferring value.

If they see a earning opportunity as well they can enjoy the benefits of being anonymous then why not? For sure many criminals would prefer to use this over fiat and expect more crimes to happen since crypto is now in peak and the current price pumping makes the criminals move again since many new users will be for sure seeking for platforms to invest and criminals will take advantage on that.

Because we know that every holder of bitcoin are unanimous no can tell who send that bitcoin. Maybe they can track it but only a transaction in Blockchain they don't know who that person. So that criminals still using it because its safe to them and no one can tell who they are.

Bitcoin is a secure way for criminals. Easily don't track bitcoin user. Who're people transfer her bitcoin doesn't have any proof. So criminals still use bitcoin.

Many people are yet to know that Bitcoin is not traceable. Even the Monero and Zcash that are called privacy coins, I am starting to think there is really nothing private about them, because I once saw someone talking about how people can be traced when they are making use of these so-called privacy coins. Bitcoin is anonymous, the thing is that it makes transactions easier; you wouldn’t have to go through the banks and your transactions are going direct to the receiver.

I have noticed that some people who make use of Bitcoin say that they are using it because of privacy. Privacy wasn’t the reason I started making use of Bitcoin, I started using it because of its convenience, and because everything about it is cool.

Actually, criminals use Bitcoin because they misunderstand Bitcoin, they think that using Bitcoin is untraceable and anonymous.
Even though they forget to do cashout, usually if they want to make a withdrawal to become fiat they have to do the KYC procedure.
Because it is difficult to spend Bitcoin, they need a cashout to spend Bitcoin. Most criminals using Bitcoin are caught by the police,
because they end up using centralized exchanges, which requires KYC.

Because they like Bitcoin for being easy-to-use from anywhere. They make their transactions faster and anonymously. But it is true that they will need to convert their crypto to fiat for a thing that can't be done with a crypto anyway. Besides, I assume that fiat is more commonly used by criminals compared to cryptocurrencies.

People can use Bitcoin to take advantage of people since anyone can be anonymous, also no one has the full control over what you do. Government has the limited ways to regulate the activities being done.


I agree, though Bitcoin allows you to be anonymous. A third party exchange to convert your coins to fiat will reveal an identity. But for sure since they are criminals, they can make a way to keep their self Anonymous. They have all the skills to take advantage of people and that ia undeniable.