December 24, 2021

5 Reasons to Use VPN When Trading With Cryptocurrencies 

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Source: charlottestories.com
Source: charlottestories.com

Trading with cryptocurrencies has become very popular amongst traders. But there are several security measures that you must take care of while trading with cryptocurrencies. There are plenty of privacy concerns that must be looked upon. VPN can solve most of your privacy concerns and can provide you with a secure connection for transactions.

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Further in this article, you will get insights into the reasons to use VPN when trading with cryptocurrency.

1. Provides high-end encryption

VPN for crypto trading is beneficial to keep your digital currencies safe. It provides high-end encryption and provides additional security and prevents data breaches. It protects your data and information from being hacked and safeguard your activities while surfing the internet.

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You will find plenty of websites that track your IP address and save your personal information. To avoid this from happening you must connect to a VPN to ensure that your personal information and activities are secure. Also, remember to use paid services from a trusted and reliable VPN so you can avail of maximum encryption.

2. Cryptojacking

Source: technadu.com
Source: technadu.com

You will find several hackers on the internet who will try to hack your computer to mine/ trade digital currencies. Usually, these hackers are working for criminals to fund their criminal activities. If you are not using a secure network there are chances your server might get hacked.

To prevent this, always try to use VPN. It ensures that your network is secure and there are fewer chances of your server being hacked. You can prevent hackers from making anonymous transactions using your crypto trading account. It also helps to keep your funds safe and protects you from cyber attacks.

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Many crypto trading websites ensure advanced security measures to avoid hacking into customers’ accounts. But using a VPN provides additional security.

3. Global server network

When you are connected to a VPN, you can get access to a wide range of global server networks that allows you to connect with a different server so it becomes difficult to track your activities. It also gives you the option to get access to crypto trading platforms that are restricted in a few countries.

Even if you are travelling to a different country you can connect to local servers through a VPN so you can access your regular crypto exchange. There are plenty of cryptocurrency exchanges that don’t provide their services in countries like China, South Korea, Kuwait etc. You can choose a server from a different country and start trading without any limitations.

4. Secures your IP address

Source: medium.com
Source: medium.com

It is very easy to track your IP address by government authorities, data analysis companies, and even hackers. This hinders your privacy and there are chances you can get into trouble or your personal information is at stake. Using a VPN gives you the option to secure your IP address from being tracked.

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You can maintain complete privacy of your activities while trading cryptocurrencies. It ensures the complete anonymity of buying and selling crypto by hiding your IP address. Nowadays, the internet is full of hackers and scammers trying to harm you in some way or another. Hence, using a VPN can help you to prevent all this from happening.

5. Ensures an additional level of security

Nowadays, it’s very important to ensure that your servers are fully protected and your transactions are safe. By using a VPN you can provide an additional level of security to your networks and keep your activities protected. It is also important to maintain privacy while making transactions or else you can get hacked or government authorities might start to suspect you.

It’s better to be safe than regret later. Hackers can get hold of your crypto account through malware websites, viruses or phishing scams. Once they get hold of your crypto trading account they will try to transfer the funds into their account and secondly, they will sell your personal information to companies in exchange for money.

READ MORE:  Where and How Do Cryptocurrencies Get Their Value

Security measures to follow while using cryptocurrency

Source: startup.info
Source: startup.info

1. Never use public WiFi for crypto trading

The main target of hackers is the people who are using public WiFi for financial transactions. It is very easy for them to hack into your account and by the time you realise it will be too late. So, never use public WiFi for making crypto trading. Moreover, crypto trading involves a lot of amounts and cryptocurrencies have a higher value than any other asset. Losing them will be a huge financial burden for many people.

2. Choose a strong password

If you want to ensure your cryptocurrencies are safe and secure in your crypto wallet then don’t forget to choose a strong password with a combination of alpha-numeric codes. Nowadays, you can even use special characters to make your password unique. The more unique and difficult your password is the more it will be for hackers to hack your account.

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3. Enable 2-factor authentication

Many online wallets and online crypto trading platforms provide you with the two-factor authentication feature that helps to secure your account by sending text messages to your phone number if someone tries to log in to your account from a different device.

The Bottom-line

Source: technadu.com
Source: technadu.com

Always try to use VPN while trading with cryptocurrencies. By now you must have had a clear idea why using VPN is so important while trading with cryptocurrency. Cyber-attacks have increased so much that you must take additional security measures to safeguard your personal information and the privacy of your activities.

You never know when your account will get hacked by a hacker so it’s better to keep your connection secure and then engage in financial transactions including trading with cryptocurrencies. Here are some reasons why you should use a VPN for crypto trading.

Also, there are many fake applications in the name of VPN so do your research and ensure that you are using a trusted and reliable VPN service that actually works.


Tags

Cryptocurrencies, reasons, trading


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