Use a VPN to Buy Crypto like Bitcoin

Cryptocurrencies have become increasingly popular in recent years, but they come with their own set of security risks. For instance, using a cryptocurrency exchange without proper security measures can lead to the loss of funds through hacking or phishing attacks. In this context, using a virtual private network (VPN) can be a useful tool for those who wish to purchase cryptocurrencies in a safe and secure manner.

Important Update – Using VPN to Buy Crypto from Blocked Exchanges

If you use a VPN to buy crypto from an exchange you’re normally locked out from then you’re obviously taking some risk.  What is very important is that you don’t leave your crypto on that exchange for any period of time.  As soon as you have bought the crypto currency of choice withdraw it onto an external wallet.  Don’t leave your currencies on the exchange.  You shouldn’t really leave currency on exchanges anyway, but if your account is not really valid because of your location you’re taking a bigger risk.

 

 

Reasons for Using a VPN when Buying Crypto

VPNs are no longer only used by computer geeks, cyber criminals and assorted online bad guys.  Today they’re used by millions or ordinary people for all sorts of reasons from watching geo-blocked sites like BBC iPlayer or simply keeping their data and credentials safe online.

Buy Crypto with VPN

However for those of us who value privacy online, there’s another important to use – to make using crypto currencies safer and more secure online.

There are several reasons why using a VPN is beneficial for crypto purchasing and trading. Firstly, cryptocurrencies offer limited privacy, and web trackers and cookies can compromise anonymity. Additionally, KYC and AML verification on trading platforms automatically eliminate anonymity. A VPN provides better privacy and security by encrypting internet traffic and hiding IP addresses. This way, users can be sure that their online activities are not being monitored.

Secondly, VPNs prevent phishing attacks and ISP throttling. A VPN can block malicious websites and prevent users from falling prey to phishing scams. This is especially important for crypto traders, as they may be targeted by hackers who attempt to steal their cryptocurrency holdings. ISP throttling can also be a problem for crypto traders, as it can slow down internet speeds and make it difficult to make trades in a timely manner.

Thirdly, VPNs can unblock geo-restricted coins and trading sites. Some cryptocurrencies are only available in certain countries, and using a VPN can allow users to access these coins from anywhere in the world. Additionally, some trading sites may be blocked in certain countries, and using a VPN can bypass these restrictions.

Fourthly, VPNs can prevent legal issues in countries where cryptocurrencies are heavily regulated or illegal. By using a VPN, users can avoid detection by authorities and avoid any legal issues that may arise from trading in these jurisdictions.

Best VPN for Using Crypto

When choosing a VPN for crypto trading, it is important to look for specific features that are tailored to this use case. Obfuscation, Kill Switch, No Logs, Split Tunneling, Strong Encryption, Leak Protection, and Phishing/Malicious Site Protection are must-have features for a good cryptocurrency VPN. NordVPN, ExpressVPN, and CyberGhost are recommended VPN providers for crypto trading.

In addition to using a VPN, there are other steps that users can take to enhance their online security when buying cryptocurrencies. Hardware wallets, script blockers, two-factor/multi-factor authentication, and password managers can all help to protect against hacking and phishing attacks. It is also essential to have antivirus protection to protect against malware infections.

Overall, using a VPN for crypto trading is essential for privacy-conscious individuals who value their online security. A VPN provides a layer of protection against hackers, phishing attacks, and government surveillance. By choosing a VPN with the right features, users can ensure that their online activities remain safe and secure.

Summary Crypto and VPNs

Reasons to use a VPN for crypto trading

– Cryptocurrencies offer limited privacy, and web trackers and cookies can compromise anonymity.
– KYC and AML verification on trading platforms eliminate anonymity.
– A VPN provides better privacy and security by encrypting internet traffic and hiding IP addresses.
– VPNs prevent phishing attacks and ISP throttling.
– VPNs can unblock geo-restricted coins and trading sites.
– VPNs can prevent legal issues in countries where cryptocurrencies are heavily regulated or illegal.
– Obfuscation, Kill Switch, No Logs, Split Tunneling, Strong Encryption, Leak Protection, and Phishing/Malicious Site Protection are must-have features for a good cryptocurrency VPN.
– NordVPN, ExpressVPN, and CyberGhost are recommended VPN providers for crypto trading.

Additional tips for online security

– Hardware wallets, script blockers, 2FA/MFA, and password managers can further enhance security.
– Antivirus protection is necessary to protect against malware infections.

Benefits of using a VPN for crypto trading

– Allows for anonymous trading and avoids tracking by ISPs.
– Can be used to access banned or geo-restricted crypto exchanges and content.
– Helps prevent government surveillance and censorship.
– Provides an additional layer of security for online transactions.
– Can be used on multiple devices and is cost-effective.
– Easy to set up and use, even for beginners.

Overall, using a VPN for crypto trading is essential for privacy-conscious individuals who value their online security.