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- Trading Crypto can be an extremely productive endeavor, especially if you know what you are doing.
- However, even while trading crypto using a VPN can increase your privacy and security.
- Unfortunately, not all VPNs can offer you the same level of protection and privacy.
- Check out our top picks and learn more about protecting your privacy while trading crypto.
In the wake of the global financial crisis, when financial systems faced a turbulent time, and there was an all-time low trust in banks and regulators, many people were drawn to the promise of a viable currency that would work across the world, and that is free from centralized regulation.
Cryptocurrency continues to draw increasingly more people to itself, despite the global system taking shape in terms of stability.
However, there’s no perfection when it comes to privacy, not the perfection of cryptocurrencies because, with blockchain technology, users get pseudonyms, which are attached to personal data, and can easily track both the users and their transactions.
While interest in cryptocurrencies and their value continue to soar, governments have raised their concerns about over-regulation, which may hinder what is otherwise open trading of the currency all over the world.
A VPN lets computers connect through a remote server via tunnels that encrypt data from both ends, thus information transmitted is protected from monitoring by third parties.
Where countries are banning cryptocurrency trading, to some extent, geo-blocking is used to enforce GeoIP bans that restrict content from such regions based on the IP addresses of the same users.
VPNs can bypass such GeoIP bans using IP addresses from regions that aren’t blocked.
What you need to look out for in the best cryptocurrency VPN is a watertight approach to security, good performance levels, and speeds, plus a variety of user-friendly native apps.
Is a VPN necessary for crypto trading?
Yes, a VPN is essential for protecting your funds and transactional data stored on trading websites.
With a VPN, there’s more extensive protection, plus, users can evade most obstacles in accessing these cryptocurrencies across the globe.
Similarly, users can hide their IP addresses because every VPN provides different IP addresses from the user’s actual ones, making it hard for anyone to get personal data that can be linked to blockchain records.
Can VPN protect crypto wallet?
For sure, it can secure your crypto assets recorded on your trading platforms with its split tunneling or extra private protocols.
Also, it gives a higher level of security, further strengthened by using a different digital wallet for payments.
Plus, encrypting wallets makes it harder to access your transactions, and keep payment addresses private.
What VPN is best for crypto?
ExpressVPN – Most optimized for streaming
Developed by Express VPN International Ltd., this all-around cryptocurrency VPN has a wide server selection of over 1500 servers in 148 locations, and a variety of 30,000 IP addresses to use on up to 3 devices simultaneously.
Among its advantages are its speedy performance, and great user experience, and you can run a speed test to determine which is the fastest server available for you to use, which means you don’t have to keep checking for one randomly.
ExpressVPN also has a nice user interface, and 24/7 tech support via messaging-based chat, which is useful when you need some assistance while using your VPN.
Other features that are important when using cryptocurrency include the kill switch, peer-to-peer sharing, AES-256 bit encryption, zero-knowledge DNS solution, and you can choose the protocol you want to use.
However, it doesn’t have a free plan or free trial, but you can buy it via cryptocurrency, though it is a bit pricey.
ExpressVPNTired of worrying about your privacy while trading cryptocurrency? ExpressVPN can help you with that.
NordVPN – Multiple secured servers
Touted as the most secure VPN, NordVPN has very strong security with a kill switch, and a huge server network of over 3200 servers in 60 locations, plus support for up to 6 devices at the same time.
Developed by Tefincom & Co., S.A., it has one of the largest networks based on servers and locations, plus great speeds and performance.
However, security is the most important quality to find in a VPN besides these two, which is why NordVPN has 256-bit encryption inclusive of other standard security protocols.
The unique feature of this cryptocurrency VPN is the double VPN technology, which is like using two VPNs, as it routes your connection via two separate servers and Onion over VPN among other protocols.
You can use the free trial to give it a go, and, you can pay for it via Bitcoin.
NordVPNCheck this out if you want comprehensive privacy while trading cryptocurrency online.
Private Internet Access – Fully secure connection
Private Internet Access is a VPN service developed by Kape Technologies. It is an affordable VPN with a simple user interface so it’s great for beginners, only that if you’re using the app, you only pick specific countries, not servers, which can be pretty limiting.
It’s actually a more basic VPN compared to its counterparts, but it makes for a solid choice if you’re looking for a less pricey VPN.
Features include a kill switch, peer-to-peer sharing, AES-256 bit encryption, a server network of over 3300 servers in over 46 countries, and multiple platform support, including Windows.
Trading crypto has never been easier since you can now also do it over the phone.
This is thanks to the fact that PIA is also available for mobile, both Android and iOS, and because one subscription gives you support for 10 devices simultaneously.
Here are some of the perks of using Private Internet Access for crypto trading:
- 10 devices can use the service simultaneously
- 3300 servers in 46 countries to choose from
- SOCKS5 proxy included
- Easy to use and set up
- Unlimited bandwidth
- Instant activation
- P2P support
Private Internet AccessLooking for a VPN fit for cryptocurrency trading? PIA should be ideal for this.
CyberGhost VPN – High security for crypto assets
CyberGhost is not just a reliable VPN, it’s also pretty fast in terms of performance with above-average speeds, a huge server network of over 1200 servers in more than 50 locations, plus it supports a maximum of 5 devices simultaneously.
This VPN comes with 256-bit encryption with protocols such as OpenVPN and an automatic kill switch. Other features include zero-logging, an ad-blocker, antimalware, and also a tool that blocks online tracking.
CyberGhost VPNIf you’re worried about your privacy while trading cryptocurrency, you should try CyberGhost VPN.
Surfshark – Highly protected trades
Surfshark is a practical VPN to connect to for securing crypto tasks whether for protection or hiding your sensitive monetary data.
It’s one of the few VPNs with an unlimited number of devices with one subscription, so you can manage crypto wallets from any device out there.
More than this, it offers a great number of 3,200 servers located in 65 countries. Plus, it has private DNS on each of its servers.
Surfshark also comes with a built-in malware domain and ad blocker called CleanWeb. Plus, it supports OpenVPN and WireGuard protocols.
It’s worth knowing that you have an open Internet feature that gives you unrestricted content wherever you live and stops tracking from crypto websites instantly.
SurfsharkManage any of your cryptocurrencies securely with this double-protection VPN software.
Is using a VPN to trade crypto illegal?
It’s absolutely legal to use a VPN for purchasing crypto on different websites. There is no law that forbids VPN usage for buying or selling crypto, so you can perform it without trouble.
We suggested here some of the best VPN for cryptocurrency and in this regard, you can test any software and see your financial privacy for yourself.
As well, you can discover the best VPN for crypto exchange in case you need increased anonymity when trading your crypto assets.
Even if the value of many crypto coins plummeted in recent months, this does not mean that you should let your guard down. There are still many hackers out there trying to get their hands on your coins.
A reliable VPN tool can help you to protect your hard-earned crypto coins offering you peace of mind.
So, even if you stopped mining, as long as you still have some coins stored on your computer, it is worth installing a good VPN solution – just in case.
Even more, consider exploring our guide on how to safeguard your Binance account with these top VPNs, which details some great VPN choices tailored for Binance users.
Is there a VPN you use with cryptocurrency that didn’t make the list? Let us know in the comments section below.