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If you’re in a world of crypto, using a VPN makes a lot of sense – in more ways than one. First of all, paying for a VPN with cryptocurrencies makes you even more anonymous, hiding your payment data from literally everybody. Secondly, there have been some examples of hackers attacking cryptocurrency trading platforms – and it’s always a good idea to keep your IP address safe from them.
But sadly, not every VPN is good for crypto. Not all VPNs support cryptocurrency payments, and some are simply not secure enough to protect you against hackers.
So, If you’re looking for a good VPN specifically for crypto trading, then I urge you to continue watching because you’re in the right place!
Now to get us started, Cryptocurrency trading involves speculating price movements or buying and selling Bitcoins and other altcoins through an exchange. And, With CFD trading, you can go short and sell or you can go long and buy without owning the underlying coins. But, you will have to make a small deposit to gain full access to the underlying market.
Of course, The downside is that cryptocurrency wallets, trading platforms, and exchanges are vulnerable to hacking. However, A virtual private network will introduce an encryption layer to keep you safe. Or, you can connect to a server in a different location to avoid censorship.
And, using a VPN that accepts bitcoin and other cryptocurrencies, gives you the anonymity you’re looking for.
So, in This video I’ll look at the best VPNs for cryptocurrency trading, why you need to use a VPN, and more.
First, why should you use a VPN for crypto activities?
So, Bitcoin is the biggest cryptocurrency, an area that is redefining the financial market. Now, With cryptocurrency, you are responsible for your own security.
Bitcoin is a digital currency that is entirely virtual. It works by using blockchain technology that involves a large number of nodes. This makes it difficult to fake bitcoins, and a hacker has to hack all the nodes simultaneously to succeed.
Of course, The blockchain system is protected with strong cryptography, but cryptocurrency transactions are not entirely safe and anonymous. Also, they are irreversible, which means a coin can disappear from your account without a trace.
In fact, there are increasing reports of hackers stealing small bitcoin amounts from exchanges. For instance, in early 2107, Bithumb was hacked and over $1,000,000 was stolen.
Unfortunately, things like this highlight the need to use a VPN for cryptocurrency transactions. But, thankfully, A good VPN will secure your crypto traffic.
And, When you connect to a VPN, it will encrypt the data leaving your device before reaching its destination. Encryption is a process that scrambles your internet traffic making it difficult to decipher. Then, Even if a hacker successfully intercepts the traffic.
So, Why does this matter? Well, In most cases, you’ll use private or public WiFi to do your cryptocurrency transactions. Usually, these networks use WPA2 for security, which is insufficient and has serious vulnerabilities.
As a result, hackers can intercept your traffic and steal your wallet’s private keys or exchange credentials and take over your account. Again, a good VPN will ensure you are always safe.
Another reason that you might want to use a VPN for crypto activities is to unlock trading platforms.
This is because some trading platforms are geo-restricted, so you might not be able to access them depending on your location. For example, one of the largest crypto exchange platforms, Binance, is not available in the US. And along the same lines, the Chinese government has banned domestic and foreign crypto exchanges. Thank you guys very much for watching. I’ll see you in the next one. Have a wonderful day.
– DISCLOSURE –
I am affiliated, but not sponsored by any VPN provider. This means I might make money when you purchase paid services through the links provided and I might be able to offer discounts when available. Not being sponsored allows me to keep my own opinions and provide reviews and tutorials without bias. So, if you enjoyed the content consider using my affiliate links. All of my opinions on this channel are always my own!
Hope you enjoyed my Best VPN for Crypto Trading in 2022 Video.