Crypto trading is one of the best ventures you can get into without much hassle. However, you’ll need a good virtual private network (VPN) to protect your endeavors. In this article, we’ll look at the best VPN for crypto trading to allow you the luxury of protecting your trading platforms and cryptocurrency wallets from hacking.
What Is A VPN?
VPN stands for virtual private network. This is a technology that enables you to form a private connection to any network. It works by creating an encrypted tunnel between your deceive and the internet.
The best part about VPNs is that they are easy to install because all you need to do is download the app or program and run it on your computer or smartphone. VPNs work like any other app.
Why Do You Need A VPN for Cypro Trading?
Unfortunately, trading platforms, cryptocurrency wallets, and exchanges are vulnerable to hacking. Therefore, a good VPN will introduce an encryption layer that will keep you and your assets safe.
Another advantage of using the best VPN for crypto trading is that you’ll be able to avoid censorship by connecting to a server in a different location. This is a great perk if your current location doesn’t allow you access to geo-restricted content. Such content includes streaming service catalogs.
While using the best VPN, you’ll also be able to get anonymity which is great when crypto trading. However, just because using a VPN is a great idea doesn’t mean that all VPNs are great for crypto trading.
This is why we took the great liberty to get you the best VPNs in the market so that you don’t have to do the research yourself. Let’s dive in.
What Is the Best VPN for Safely Crypto Trading?
NordVPN is a very popular VPN in the industry, and for good reason. This VPN runs RAM-only servers and has a strict no-logs policy. This means that your data logs can never be copied.
You can crypto trade without worrying about your data being stored and then accessed by another party. NordVPN is based in Panama and offers incredible encryption. With thousands of serves across 62 server locations, you’ll be spoiled for choice with this VPN.
You can use your NordVPN account on up to 6 devices while getting access to 24/7 customer support. You can pay for your anonymously signed-up account using various crypto assets such as Ripple, Tron, Bitcoin, Ethereum, and Litecoin.
With this best VPN, you’ll get access to incredible speeds, the ability to bypass geo-blocks, and amazing security measures. Most of the NordVPNs servers are in the US. However, you can trust that you can access nearly any location in the world if you want to.
Finally, a great reason why many crypto traders prefer NordVPN is the security features that ensure your safety. These include the automatic kill switch, the Cybersec malware blocker, the OpenVPN protocol, and the double VPN.
Therefore, if safety is your greatest priority, NordVPN is the way to go.
An alternative to NordVPN is this ExpressVPN. Just like NordVPN, this VPN also has a strict no-logs policy and uses RAM-only servers. ExpressVPN is proudly based in the British Virgin Islands and has over 3,000 servers across 160 locations in over 90 countries.
Unfortunately, you won’t get 24/7 customer support with this VPN like you would with NordVPN. Also, you can only pay with Bitcoin as a form of cryptocurrency, and this VPN is a tad more expensive than NordVPN.
Nonetheless, you can expect amazing service with this VPN, although it can only be used on 3 devices. Moreover, your information and data will automatically wipe off after every session. Therefore, you won’t have to worry about your privacy.
You’ll be protected from cyberattacks as you trade while enjoying good speeds. You can use this VPN on your smartphone and laptop whether you’re using macOS, iOS, or Linux.
This VPN is a great option, especially if you are a beginner in the world of crypto trading. This is because of the easy-to-navigate server list and the minimalist interface. In addition, although it’s more expensive than NordVPN, you get a 30-day money-back guarantee with your purchase of the service.
Finally, we have a VPN option that has over 3,000 servers in 65 countries. This VPN has an advantage over NordVPN and ExpressVPN because it is cheaper than them. Therefore, this is a superb choice if you are on a budget or just starting out with crypto trading and don’t have much to go on.
Unfortunately, you’ll get to enjoy this cost-save on longer timeframes. This is because you’ll need to commit to a 2-year plan when paying. However, you’ll get a 30-day free trial period before you have to commit to the payment.
You can pay with several cryptocurrencies, including Bitcoin, Ripple, and Ethereum. If you don’t want to pay with cryptocurrency, you can pay using PayPal, Amazon Pay, Google Pay, and AliPay.
You can also be able to use this VPN on an unlimited number of devices. So if you want fast speeds, connect to a server that’s near you. Some of the security features you’ll get to enjoy with this VPN include 2048-bit DHE-RSA keys, SHA512 authentication, and AES 256-bit encryption.
Some features that are unique to Surfshark include the auto-connect feature that enables you to connect to the VPN the moment you connect your device to the internet. Another great feature is the ChaCha encryption which works better on Android devices.
The NoBorders feature ensures that you can use this VPN in restricted regions such as China and the UAE. In addition, the no-logs policy ensures that your cryptocurrency transactions cannot be tracked.
If you have a problem while using this VPN, you can contact customer support using the live chat that is on 24/7.
What Are the Benefits of Using the best VPN for Crypto Trading?
There are several benefits of using VPNs for crypto. Let’s look at a few.
1. Access to Global Content
When it comes to information, using a VPN will allow you to gain access to information that is geo-restricted. For example, if there’s specific content that will allow you to crypto trade better but you can’t get access to it, having a VPN will give you access.
2. Secure Encryption
When dealing with crypto trading, you want to protect your data in such a way that no one has access to it. All the VPNs we looked at today run RAM-only servers and have strict no-logs policies.
Therefore, you can stay confident that your data logs will not be seen by anyone else. Now that we’ve seen a few benefits of using VPNs for crypto trading, let’s look at the cryptocurrency security risks you should be aware of when trading.
Cryptocurrency Security Risks
Here are some common security threats you should be aware of when dealing with crypto trading. This information will give you greater insight as to why you need to have a good VPN when crypto trading.
We talked about hackers when we were looking at the best VPNs when crypto trading. This is where hacking comes in. What is cryptojacking? Cryptojacking means a hacker taking control of your device.
You need to be aware of this because it’s a common risk when crypto trading. The problem with this is that it happens without your knowledge. The hacker will take control of your computer or laptop as you mine cryptocurrency, and the new tokens and fees will be deposited into their account.
However, the cost of mining will still come to you, which makes this a big loss for you. Therefore, using the best VPN will protect you from this by notifying you when a security breach happens.
Another reason why using a VPN is a good idea is that it allows you to anonymously make your payments online. These reasons are why a VPN is a must-have tool when crypto mining.
2. Crypto ICO Fraud
What is ICO fraud? This is when cryptocurrency startups disguise themselves as legitimate when they are indeed fake. Unfortunately, this means that when you trade with them, you’ll end up losing all your money.
These fraudulent ICOs often use fake coins and entice people into investing in their companies. They then steal all the coins they get from willing participants.
This is why it’s crucial to do your research and protect yourself from being scammed. Use the VPN of your choice to gain access to geo-restricted information if you need to.
3. Fake Crypto Trading Exchange
Although fake crypto trading exchanges are common, they aren’t legitimate. Sketchy trading firms do this to inflate the volume of trading. They can even generate fake reports full of fake transactions.
Just like with the crypto ICO fraud above, it’s important to do your research to ensure that you’re not being scammed. Also, stick to reliable crypto trading firms and personnel when trading.
4. Double Spending
Double spending is another crypto security risk you should be aware of. This is when a user uses a single coin to make multiple transactions.
Although these transactions seem legitimate, only one of them is legal. Scammers who use this method often make a copy of their cryptocurrency and use it to make more payments. They keep the original one to themselves as they go about this scam.
Which one of these best VPNs for crypto trading did you prefer? Ensure that you use a good VPN before starting your crypto trading journey to protect yourself from scammers.