Why should I use VPN for cryptocurrency transactions?

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you might wonder to what degree it helps to secure your cryptocurrencies. Is it helpful at all, and what should you do about it? This article is exactly about that – should you use VPN for cryptocurrency transactions?

Should I use a VPN for cryptocurrency transactions?

VPNs improve your crypto security but only from the privacy side of things. Bitcoin and other cryptocurrencies (except privacy coins) are not anonymous but pseudonymous. It makes it easy to track your financial activities once you go through a KYC/AML verification. After all, all transactions are stored on a distributed public ledger, and you also leave an IP footprint at cryptocurrency exchanges and other internet service providers.

A good privacy-oriented VPN service helps you to protect your identity from attackers, be it hackers, a government agency, or a malicious third party. It’s an accepted fact that privacy is a fundamental human right amongst civilized people. No one can steal your hard-earned money if they don’t know it’s you who owns it, which is why privacy is the ultimate security measure.

All crypto protocols are designed with the highest level of security in mind and use end-to-end encryption. Most exchange websites use HTTPS end-to-end encryption, too, so no one can intercept the data you send directly to them unless you’re exposed to critical security vulnerabilities. However, a VPN service adds an extra layer on top of that, which makes your web interactions more secure.

These are the main reasons why you should use a VPN when working with cryptocurrencies:

  • VPN encrypts the data you send through the network, making it more difficult to intercept.
  • VPN adds another layer of security against malware, viruses, and phishing attacks.
  • It hides your IP address to prevent IP tracking by hackers, government authorities, and forensic analysis firms, so you can buy and sell cryptocurrency completely anonymously (if you avoid KYC/AML exchanges).
  • A privacy-oriented VPN doesn’t store your logs and has a kill-switch, which helps to maintain your anonymity. Don’t fall for free VPNs for your crypto activities, as these service providers tend to fund themselves by selling your private data. If you are serious about your privacy and security, go for a paid VPN, as they are more reliable and secure.

Which VPN should I use for crypto transactions?

There is a sea of VPN providers out there, so it may take days of research to find the right one. Even so, not every service provider is reliable, particularly when it comes to privacy and anonymity.

If it is your concern, you should seek a VPN with a strict no-logs policy and a kill-switch function. No logs mean the service provider doesn’t collect your browsing data, so activity remains completely private. Otherwise, your browsing activities are logged and can be turned over to governments with surveillance programs or sold to advertisers.

The kill-switch feature terminates the internet connection without exposing the 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 in case of a VPN connection failure. That’s why it is so important for your privacy, too.

Top-rated VPN providers usually come from states without mass surveillance programs. For instance, countries such as the British Virgin Islands, Panama, and Switzerland don’t force VPNs to collect and store 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 surveillance agencies ask for it. Be wary of VPN services that are based in the United States, United Kingdom, Australia, New Zealand, and Canada, which are also known as the “Five Eyes” countries. The same goes for “free” VPN services.

So which VPN is the best for cryptocurrency transactions?

One of the most recommended VPNs out there is NordVPN. Based in Panama, it’s by far the most advanced and reliable VPN for crypto enthusiasts.

It has a strict no-logs policy, automatic kill-switch, DNS leak resolver, simultaneous protection for multiple devices, as well as related premium features such as static IP, streaming services access, double encryption, and onion (Tor) over VPN.

Moreover, like every privacy-respecting VPN provider, NordVPN accepts cryptocurrency payments. At the moment, you can pay for it using Bitcoin (BTC), Ethereum (ETH)Ripple (XRP)Litecoin (LTC), Dash (DASH), Monero (XMR), Zcash (ZEC)Tron (TRX), and BitTorrent (BTT) cryptocurrencies.

Conclusion

A reliable VPN is a handy privacy and anonymity tool for everyone who deals with cryptos. It’s not a compulsory security measure that will save you from all and any harm (including malware, hackers, and viruses) and cryptocurrencies are already secure as they are cryptographically encrypted by design, but it can improve your security and protect your identity. Look for a no-logs VPN when choosing one and don’t forget to support service providers who accept payments in cryptocurrencies. When used correctly, a privacy-oriented VPN becomes an invaluable instrument in your security toolset.


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