[*] Should I Use a VPN for Cryptocurrency Transactions? (2021)
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So, you have been trying to learn as much as possible about cryptocurrencies and how to keep them safe. This is a smart move that most people ignore. If you are new to VPNs, you may be wondering how much this helps to secure…
So, you have been trying to learn as much as possible about cryptocurrencies and how to keep them safe. This is a smart move that most people ignore.
If you are also new to VPNs, you may be wondering how much it helps to secure your cryptocurrencies. Are they useful at all, and what should you do about them?
This short guide is about exactly that – Should You Use a VPN for Cryptocurrency Transactions?
Should I Use a VPN for Cryptocurrency Transactions?
VPNs improve cryptographic security but only on the privacy side of things. As you know, Bitcoin and other cryptocurrencies (except privacy coins) Not anonymous but borrowed. It makes it easy to keep track of your financial activities as soon as you go through a file KYC/AML Verification. After all, all transactions are stored in a distributed public ledger, and you leave an IP fingerprint at crypto exchanges and other ISPs.
Good Privacy oriented A VPN service helps you protect your identity from anyone who wants to track you, be it hackers, a government agency, or a malicious third party. It is a generally accepted fact that privacy is a basic human right among civilized peoples. Nobody can steal your hard-earned money if you don’t know who owns it, and that’s why Privacy is the ultimate security measure.
Speaking of bitcoin and cryptocurrency security, you don’t have to sweat – all cryptocurrency protocols are designed with the highest level of security in mind and use end-to-end encryption. Most of the exchange sites use HTTPS end-to-end encryption, too, so no one can directly intercept the data you send to them unless you run into serious security vulnerabilities. A VPN service adds an extra layer on top of that, making all your interactions on the web more secure.
These are the main reasons why you should use a VPN when working with cryptocurrencies:
- VPN encrypts data that you send over the network, making it difficult to intercept.
- A VPN adds another layer of security Against malware, viruses and phishing attacks.
- Hides your IP address To prevent IP tracking by hackers, government officials and forensic companies, so that you can buy and sell crypto anonymously (if you avoid KYC/AML exchanges).
- A privacy-conscious VPN does not store your logs and has a kill switchThis helps keep your identity confidential. [*]Don’t fall in love with free VPNs for your encryption activitiesThese service providers tend to fund themselves by selling your private data. If you are serious about your privacy and security, then go for a paid VPN, as it is more reliable and secure.
What VPN Should I Use for Cryptocurrency Transactions?
There are a lot of VPN service providers out there, so it takes days of searching to find the right one. However, not every service provider is reliable, especially when it comes to privacy and anonymity.
If this is your concern, you should look for a VPN with a range No-logs policy and kill switch Job. No logs means the provider doesn’t collect your browsing data, so the activity remains completely private. Otherwise, your browsing activities are logged and may be handed over to governments with monitoring programs or sold to advertisers.
Kill-Switch terminates your internet connection without revealing your IP address when there are connection issues between you and the VPN service. In other words, it prevents websites from accessing your real IP address if the VPN connection fails. And that’s why it’s important to your privacy, too.
The top rated VPN providers usually come from countries that do not have mass monitoring software. For example, countries like British Virgin Islands, Panama and Switzerland VPNs do not force the collection and storage of user data, which is somewhat liberating in today’s digital world.
In contrast, many VPNs advertise themselves as privacy-oriented services only to hand over your private information when requested by monitoring agencies. Be wary of VPN services in United States, United Kingdom, Australia, New Zealand, and Canada, which is also known as â?? Five Eyesâ???? Countries. Same goes for “free”???? VPN services.
So what is the best VPN for cryptocurrency transactions?
One of the most recommended VPN out there NordVPN. Headquartered in Panama, this is the most advanced and reliable VPN for crypto enthusiasts.
It has a strict no-logs policy, automatic kill switch, DNS leak analyzer, simultaneous protection for multiple devices as well as related premium features like static IP, access to streaming services, double encryption, and onion (Tor) over VPN.
Besides, like every privacy-respecting VPN provider, NordVPN accepts cryptocurrency payments. Currently, you can pay for it with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Dash (DASH), Monero (XMR), Zcash (ZEC), and Tron (TRX), and BitTorrent (BTT).
NordVPN offers great deals, too. You can now get a discount of up to 68% if you register via this link.
conclusion
Trusted VPN is a useful privacy and anonymity tool for everyone who deals with cryptocurrency. It is not a mandatory security measure that will protect you from everything and any harm (such as malware, hackers, viruses) and cryptocurrencies are really safe because they are encrypted by design, but they can certainly enhance your security and protect your identity. Look for a no-logs VPN when choosing one and don’t forget to support providers that accept cryptocurrency payments. When used correctly, a privacy-oriented VPN becomes an invaluable tool in your security toolkit.
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