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How to choose a VPN for crypto trading? Why do you need VPN to work with cryptocurrencies?
Why use a VPN while working with cryptocurrencies?
Cryptocurrencies are a growing investment sphere in the modern market. It works by utilizing blockchain technology. It means the transaction is kept on a large node number, which makes it almost impossible to fake a cryptocurrency. However, cryptocurrency transactions are not 100% safe and private. Hackers have come up with various ways to steal your data and money.
The main security risks related to cryptocurrency
The biggest concern related to crypto trade is the vulnerability of online exchanges to hacking. Moreover, there are some other issues such as:
- Hacking online wallets is possible if the hackers use Trojans.
- Hackers can fake trading exchanges.
- Dealing with startups includes major risks like frauds, etc.
- Bitcoin addresses don’t provide complete anonymity. The latest currencies provide more enhanced security.
- Phishing attacks are possible even on huge exchange platforms.
Another point to consider is that several countries banned a cryptocurrency exchange, and the other ones implied heavy taxes. If you live in such areas, it can be challenging to take part in cryptocurrency exchanges.
You can prevent all these issues by using a crypto VPN.
How to choose a good crypto VPN?
Before we move on to the next point, let us clarify how to pick a good VPN service. The best way is to download a few popular ones and see how they work. A trial is a great opportunity to see how well they protect your Internet connection. As a rule, such options are free. However, the feature and server access can be limited. Pay attention to the number of VPN servers offered. The bigger, the more enhanced encryption opportunities the users get. Providers like VeePN offer numerous servers in the US and not only, which guarantees advanced security and privacy levels.
How do I set up a VPN anonymously?
Here are some tips on setting up a VPN:
- Connect to a Public WiFi. This way, you hide your IP. Alternatively, you can use another VPN.
- Use Tor or the Tails Operating System.
- Pay with Bitcoin or a gift card.
How can I buy crypto through VPN?
VeePN servers provide numerous benefits. They guarantee bank-level security and full protection of your sensitive data. It may slow down your connection, especially when you sync your wallet to the blockchain. But the split tunneling feature can leave some traffic out of the VPN tunnel. You can also change the server. Some providers are offering 2500+ servers in different US areas to choose from.
The benefits of Using VPN for Crypto Trading
If your question is: “Should I use a VPN for Cryptocurrency?” the answer is definitely Yes. Downloading a blockchain VPN provides numerous benefits and boosts your crypto trade experience to a higher level. If you are looking for a reliable VPN server, United States is one of the best locations. For instance, VeePN servers are located in different US areas and provide a great experience to users.
1. Making your traffic secure
Using a VPN makes your Internet traffic encrypted, especially the data transferred between your device and a VPN server. Encryption is a way to hide your traffic. This is significant as you can use various networks, private or public, for crypto transactions. Public networks mostly use unreliable security programs that enable data leaks and other risks. However, the VeePN servers offer enhanced security programs, which means user data is completely safe.
The hackers invented a new way to monitor the user traffic – setting up a fake network by simply copying an SSID of the real one. If you accidentally connect to such a network, the hackers can access keys to your wallet or your login data. It sounds dangerous, but you can easily avoid it using a VPN. The more servers a VPN provider offers, the better. Some services have 2500+ servers in the market, which is impressive and ensures advanced security.
2. Protection from phishing
Phishing is one of the most popular ways to steal crypto capital. Hackers can organize fake giveaways or fake well-known exchange platforms and websites like Bitcoin Surf. VPN services are not an ideal choice for phishing protection. However, some of them have a blacklist feature that prevents them from landing on phishing websites. A VPN can’t guarantee 100% protection, so don’t rely just on it and be careful while receiving any messages with attachments.
3. Private IP address
Using a VPN prevents IP tracking, which means your device location is not connected with your bitcoin address—using your real IP while trading cryptocurrencies can be risky as it reveals such sensitive data as your country, city, ZIP code, and ISP. VPN prevents the leak of this data. Moreover, your real IP address won’t be associated with the crypto transactions, as the nodes will see only the VPN server address.
4. Legal issues prevention
Some countries consider cryptocurrencies and crypto trade dangerous and regulate the blockchain sphere strictly. With a VPN, you can bypass these restrictions and unblock the online exchanges from any area in the world. And the authorities won’t be able to receive this data.
5. Getting access to geo-restricted coins and trading websites
VPN hides your real IP, which means the platform can’t get the data concerning your geolocation. You can access such platforms as Bittrex and DEX and trade there hassle-free. You can use various locations of VPN servers: United States, Europe, and Asia.
Wrapping up
If you value safety, use a VPN for crypto trading. It is incredibly helpful in bypassing various blocks, restrictions and keeping your activities private. Just ensure you chose a reliable VPN provider – the one that doesn’t keep your logs and has a high encryption level.
