Cryptocurrencies are well-known and widely used by individuals who are highly concerned with privacy. Through the use of cryptocurrencies, you will not need to have middlemen for your bank transfers or even for paying Paypal since cryptocurrency payments are done peer to peer. This means, it comes with lots of privacy features that you would surely appreciate. A great example of this is when someone sends you Bitcoin, you won’t be able to know who sent it to you if you would not be able to connect the sender’s address to a name. Though this is possible but it’s very unlikely for you to know each and every transaction.
Though Cryptocurrencies offer privacy features, some people would still like to ensure that whenever they purchase something or pay someone, they would have the upmost security and privacy levels. If you are one of those who value privacy, good news as you could achieve it and get another layer privacy and anonymity through the use of VPN.
Why Do You Need VPN for Crypto Trading?
Crypto Trading works by and through anonymous trading accounts which not even one of the brokers would even ask for your personal data. All one has to have is an email and a password and you are good to go. Though you might think that you would remain anonymous if you use an anonymous email, unfortunately, this is not the case. Since your internet service provider could save your connections to anyone including the government, your identity will not remain anonymous. Aside from that, your identity could also be accessed by third parties and data thieves as well.
Since Crypto trading is highly sensitive, it is important that one has to know all the risks whenever you are trading and one way to mitigate these risks in crypto trading is through the use of a VPN. This way, you could improve your anonymity of your transactions, activities and even privacy of your balances. In addition to that, through a VPN, your trading activities will be kept secured, concealed and even untraceable by anyone. It also protects all data transfers of your computer and your broker’s platform through a military grade encryption since through encryption, even hackers will not be able to hack your data.
Another sensitive topic is government spying. They say that some government bodies in some countries could collect private data from individuals. Fortunately, through the use of a VPN, you could prevent the said situation.
Accessing Censored and Restricted Websites
Another reason why you should use a VPN is due to some countries having specific laws wherein some websites are geo-restricted or some sites are restricted by the government. Fortunately, through the use of a VPN, you will be able to conceal your real IP address and lets you connect
to one of their servers to show that you are in a country that would allow you to access restricted sites.
Does the Usage of a VPN Slow Down Your Connection?
Though there are some VPN service providers that could slow down your connection, the best VPN providers offer excellent services including excellent connections which will definitely not slow down your data transfers. All you have to do is to choose the best VPN service provider that will best suit your needs.
Best VPN Services for Trading Cryptocurrencies
As mentioned above, the best VPN that will best suit the needs of someone who is trading cryptocurrencies is a VPN that offers fast and stable connection. Another important feature that cryptocurrency traders need to consider is the ability of a VPN to not save any log files. Since saving logfiles will not give nor provide you the real privacy that you would wish to achieve. Lastly, when choosing the best VPN, ensure that they support and they offer Bitcoin payment option.
ExpressVPN is the most popular VPN service provider. They offer high, fast speed and stable connections. They do not save logfiles and file sharing is allowed. They also accept bitcoins and is perfect for trading cryptocurrencies. They also offer 30 day money back guarantee and 24/7 customer service in case you encounter some issues.
NordVPN is another trusted VPN service provider. They have numerous servers located all over the world. They also ensure private and secured connections. They do not save logfiles and allows Bitcoin payments. Like ExpressVPN, NordVPN also has 30 day money back guarantee and in addition to that, NordVPN is very fast and has a very stable connection which also makes them highly recommendable for crypto trading