Categories: CryptoNews

The Good And Bad Sides of Deep Web Marketplaces

A lot of people are wondering why Internet users seem to flock to deep web marketplaces. Every opportunity has their advantages and drawbacks, and the hidden part of the internet has a certain appeal. However, it’s not all positive signs across the board either.

Pro’s and Cons of Deep Web Marketplaces

Perhaps the biggest advantage of using the deep web is own there is zero physical contact when buying or selling stuff. Most people automatically assume these transactions are for illegal goods, and most of them are. But there is a wider variety of products in general that most consumers have access to, as well as offerings that usually only sold in specific countries.

At the same time, the shipment of these goods is made in such a way it will not arouse too much suspicion from post office employees. Unlike traditional companies, dark net sellers use a variety of shipping methods. This rotational approach helps sellers avoid detection as well. Moreover, most people accept Bitcoin payments, which is a big plus regarding convenience.

Note from the Author: Bitcoin is not only used for illegal purchases. The popular cryptocurrency is accepted by a growing number of legitimate businesses, including Microsoft, KInguin, and Overstock.com.

Albeit there are some advantages to using deep web marketplaces, there are drawbacks as well. It is possible to get scammed, and without the information on the other user, there is little to be done about it. Most platforms will also offer users to store their funds in an

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online wallet, which is always a risk factor. Particularly when Bitcoin is involved, users should keep funds in their own wallet until ready to complete a purchase.

Moreover, deep web marketplaces are not always as reliable as they should be. Platforms like these face a lot of scrutiny from government and law enforcement agencies who want nothing more than shutting it down. This also creates a trust issue, even though that is one of the driving factors for using such a marketplace in the first place. Last but not least, it remains possible a shipment will be seized regardless of precautions by the seller.

In the end, the appeal of deep web marketplaces is attracting a lot of people. But at the same time, very few individuals do their own research and protect themselves adequately. Always take the potential risks into account when dealing with parties who prefer the same level as anonymity as you do.

Source: Deep Dot Web

Images credit 1,2

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JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

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