For those who do not know, this may come as a surprise to you that US has a ban on trade using cryptocurrencies with the inclusion of Deribit, Bybit and BitMex. Aside from that trading cryptocurrencies are also prohibited in exchanges. Though this is the case, do not worry as Virtual Private Network or VPN is here to come to the rescue. In this article, you will learn how to use a VPN to help you conduct trade using bitcoin.
What is a VPN?
Before we go into details on how VPN works, we shall first discuss and learn what a VPN is. VPN, as mentioned above stands for Virtual Private Network. It keeps the online identity and location of the user. Hence, if you wish to trade with Bitmex using cryptocurrency in the United States, you will have to subscribe to and use a very reliable and trustworthy VPN on your device. With the function of being able to hide your location, you will be able to browse without the fear of being tracked or identified by anyone.
Though many think that VPN is a proxy server, in reality it is not. With numerous cybercrimes and stealing of online identity, installing a VPN on electronic devices is essential and has become a necessity. In fact, there are about one billion people in the world who are using VPN and who are attesting the importance of using this network.
How to Trade on Bitmex Using VPN?
To explain this simply, we shall provide you an example. If you would like to trade on Bitmex using bitcoin, you will have to set your VPN to another country like United Kingdom or any country you wish. Ensure you will not connect to the United States as you will not get a new location. Hence, example, if you connect to United Kingdom, your current location will seem to be as if you are in United Kingdom and not in the United States. Take note, however, there is a possibility of exchangers to stop you from trading in cryptocurrency.
A lot of people often forget to change their location by choosing another server from another country. Hence, whenever they sign into their VPN account, often than not they are presented as someone who is located in their real current location and not as someone who is somewhere else. Thus, you must not forget to change your location before you trade any bitcoin. Also, take note of cookies which could appear from where you are about to register a VPN like NordVPN.
How to Choose the Best VPN for Bitmex?
If this is the first time that you are choosing a VPN and you do not have much experience, we recommend that you check and consult with a professional or a friend who could help you in this aspect. You could also check online and read articles like the Best Bitmex VPN apps or the like. Numerous users would often rate and state that the best VPN to trade on BitMex is NordVPN.
There are also other options on the web you could choose from. We suggest that you check the customer reviews before making a decision and a choice.
We also suggest to check and learn more about the concept of trading on BitMex online and on some YouTube tutorials.