People tend to associate cryptocurrency with complete privacy and anonymity. Yet, that’s not always the case. While cryptocurrency itself is private, it’s not always that secure. Without using the best VPN for cryptocurrency accounts, you leave your IP footprints when using exchanges and internet service providers.
Cryptocurrency is decentralized. While this helps preserve anonymity, there is no single entity responsible for its flow and security. This makes cryptocurrency a tempting target for hackers. It also doesn’t benefit from the security systems of bank transactions, so, basically, you’re out in the open here. This is why you need proper protection when handling your cryptocurrency.
Crypto transactions are also permanent, meaning there is no way to reverse or trace them. This vulnerability enables hackers to steal small amounts of money from users.
Another weak spot is cryptocurrency tools. People can identify you through your cryptocurrency wallet by connecting your wallet address to your IP. Also, such currencies are not immune to various hacker attacks. They can hijack your operations or even exploit your device for crypto-mining operations in so-called crypto-jacking attacks.
What is a VPN?
VPN stands for virtual private network and is one of the prime security tools you should use. When you are online, your traffic is exposed. Certain government or law-enforcement entities or your internet service provider can monitor your traffic and see what you do online.
Moreover, they can see your IP and detect your physical location. If you operate in more restrictive environments with low online freedom indexes, such a lack of privacy may even threaten your freedom.
Hackers can also intercept your traffic, especially when you use unprotected public Wi-Fi. So, if you perform some sensitive monetary operations, you surely don’t want a cybercriminal to interfere and snatch your money and data.
VPN can help you in these cases. It encrypts your traffic using complex algorithms that no system can decipher. A VPN can also route your traffic through a remote server and change your IP. So, if you’re in the UK and choose to route your traffic to a server based in France, it assigns a French IP address to your device — no one can see your UK IP address and detect your true location.
Here are a few reasons you should use a VPN for your crypto operations:
- Change your IP so no one can trace you from your transactions;
- Protects you from hackers intervening with your traffic and snatching your data;
Protects your privacy and enables you to do your online stuff privately;
- Encrypt your traffic and add an extra layer of protection.
How to Choose the Best VPN for Cryptocurrency Accounts
Of course, not all VPN services are equally good, and you should be really cautious when choosing one. First, avoid free VPNs as most of them monetize their activities in other ways. For example, they can track your data and sell it to third parties, clutter you with ads, or have very limited functionality.
The best VPN for cryptocurrency accounts should have the following:
Top-grade encryption and IP leak protection: These are some of the most essential components as they safeguard your traffic.
Multiple Servers: A multitude of servers to choose from. Make sure the VPN service has tons of servers to choose from. If that’s the case, you will have more location options. This might be useful if you want to bypass geo-blocks when a certain service is unavailable where you are, avoid restrictions, or simply have enough options in case your chosen server experiences overload.
No-logs policy: Make sure that the VPN provider won’t collect your data or pass it to third parties. We also strongly recommend choosing providers based in “non-eyes” countries;
Functional Customer Service: This is essential in case you encounter any problems. Even the best services have issues, so make sure there are people who can help you. Decent customer service also shows that the provider is transparent and trustworthy.
NordVPN is the best VPN for cryptocurrency accounts as it has all of those features for a really affordable price. It also has additional functionalities for extra safety, such as Kill Switch, which cuts your internet connection if the VPN service is down, or Double VPN, which provides you with additional layers of encryption in case you find yourself in risky locations.
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