Cryptocurrencies are popular among privacy enthusiasts for a good reason. They add an extra layer of security by eliminating the middlemen, such as banks and credit card companies. Compared to other popular money transfer options, such as PayPal or wire transfers, cryptocurrencies can be transferred peer-to-peer, which eliminates any intermediaries, and thus makes it more secure.
For example, in the case of Bitcoin, people can identify you as the payer only if they manage to tie your real-life credentials to your Bitcoin sender address, which is insanely difficult. Yet, we didn’t say it was impossible. And if you are not careful enough, you can make it easier for the spy to track your digital footprints. All in all, everything that goes on the Internet, stays on the Internet.
This doesn’t mean, though, you can’t improve your privacy to minimize the possibility of data leak to the point they are almost unnoticeable. And one of such ways is to use a VPN every time you need to conduct a crypto transaction.
Why Do You Need a VPN for Crypto Trading?
There are quite a lot of differences between “classical” trading, such as stock market and Forex. We are not going to dig into that now, because it’s a story for another article. Let’s just settle on the fact that Bitcoin and other cryptocurrency trading is more secure and anonymous.
Even if you choose to find a broker to trade, you can still stay fairly confidential, as some brokers won’t request and record your personal data. Sounds great, right? However, it’s not that easy, as always in the privacy world. Even if you find a trustworthy broker, your privacy still can be compromised by your ISP, which can see most of your actions online.
Another possible risk factor is hackers waiting for you to log into your account, so they can attempt to intercept the traffic and steal your credentials, thus stealing your crypto savings. There’s a rather easy way to minimize the possibility of these risk factors – use a good VPN with zero logs and strong encryption protocols.
How Does a VPN Help?
We assume you know something about the VPN technology since you are interested in cryptocurrencies, but here is just a quick reminder. A VPN creates a secure tunnel between your device and the target service or website, encrypting and shielding all the traffic that travels through the tunnel.
There are two main features that allow a VPN to secure your data – encryption and location change. When you connect to a VPN, all your data is ciphered, typically using an AES-256 standard. This means that decoding an intercepted piece of data will take ages. The second feature is the ability of a VPN to change your IP address, so the service or website sees you as a user from the country you have chosen, not your actual place of residence.
This also allows bypassing annoying geo-blocks, as some of the crypto stocks and brokers will ban users from certain countries and regions from trading on their platform due to legislation regulations and government prohibitions. Traders can easily bypass this by using a VPN and connecting to a server in a country where cryptocurrencies are legal.
Which VPN is the Best for Trading Cryptocurrencies?
When you are looking for a good VPN service to become your trusted shield, here are a few things to consider.
- Connection stability
- Service’s country of origin
- Logs policy
- Payment options
VeePN is a great choice considering all of the features mentioned above. With 2500+ servers in 48 locations worldwide, the service provides a fast and stable connection nearly in every corner of the world. The service also has a strict no logs policy, meaning they don’t record or store your data.
Since VeePN originates in Panama, they don’t keep track of your online activity, and there’s no law in the world that can force the service to do that. If a government agency comes with a demand to disclose a user’s personal data, VeePN can simply refuse, because they are not obliged to do so. They will also refuse because there’s no data to disclose.
Finally, consider the payment options a service you like offers. VeePN has all the standard payment methods, such as credit card and PayPal, as well as the possibility to make your purchase with cryptocurrency. So, pick a suitable plan for your needs and start browsing the web and trading on crypto stocks safely! The service also provides a 7-day free trial, if you want to test it out first.