Have you ever received a tip from a fellow crypto trader to use a VPN even though you are not doing anything illegal?
In this article, deep dive into what a VPN is, why it is worth using when trading crypto, and the five VPNs you might consider using.
Long for “Virtual Private Network,” VPN is a technology for the technology—serving is a privacy tool that creates a secure and encrypted connection over a less secure network, including the Internet.
- Brief History: Initially, VPNs were created to connect business networks over the Internet, so they could have security.
- However: Its benefits have captured the interest of the general public and more and more people have been using it for everyday lives.
How Does It Work?
To provide security and enhanced privacy to its users, a VPN routes the user’s traffic through an encrypted tunnel to a remote server.
- It is made possible by using a private server operated by the VPN provider.
- This makes the user’s data come from the VPN server instead of their device, helping them hide their IP address, location, and identity.
Advantages of VPN in Crypto Traders
You have heard it right. Crypto traders utilizing VPNs enjoy these advantages.
Privacy Protection
One of the advantages of blockchain technology is that every transaction is anonymous, and only a wallet address is seen.
- But with a VPN, the user’s IP address is masked and all transactions are fully anonymized.
Enhanced Security
Because of the VPN’s encryption of the user’s internet connection, bad actors will have a hard time launching cybercrime attacks and stealing the user’s data.
- The user’s risk of falling victim to phishing attacks will also be lower as their connection is more secure and harder to intercept.
Better Internet Connection
Have you ever experienced selling your assets but your connection got slow? VPNs offer high-speed servers and stable connections.
- According to an article by the online platform PrivacySavvy, VPNs prevent Internet Service Providers (ISPs) from throttling users’ Internet speed if found them torrenting.
More Exchanges
There are crypto exchanges that Filipinos cannot access because of geo-restrictions.
- VPNs allow users to bypass these restrictions and users can in fact access more exchanges and enjoy more services.
- For instance, the Binance website has been banned in the Philippines, but other traders say they can still access it because of VPNs.
Five VPNs Crypto Traders Can Try
NordVPN
It is a well-established VPN provider that is known for its robust security features, fast speeds, and extensive server network.
- Availability: Windows, macOS, Linux, iOS, Android
- Subscription: At least $3.39 per month but with a 30-day money-back guarantee.
- VPN Platform Link: https://nordvpn.com/nord-site/
- Operations: Over 6,800 secure-VPN servers present in 113 countries
ExpressVPN
It offers zero logs policy, unlimited bandwidth and data, SmartPlay feature, and high-speed connections.
- Availability: Windows, macOS, Linux, iOS, Android, and various routers.
- Subscription: At least $4.99 per month but with a 30-day money-back guarantee.
- VPN Platform Link: https://www.expressvpn.com/
- Operations: Over 3,000 servers spread across 160 locations in 107 countries.
CyberGhost
It offers an expansive server network, P2P-optimized servers, and dedicated servers for streaming and torrenting.
- Availability: Windows, macOS, Linux, iOS, Android, and some smart TVs.
- Subscription: At least $2.19 per month but with a 45-day money-back guarantee.
- VPN Platform Link: https://www.cyberghostvpn.com/
- Operations: Over 8,000 servers in 90+ countries.
Private Internet Access
It is known for its strong encryption, no-logs policy, and employs AES encryption, DNS/IPv6 leak protection, IP masking, and OpenVPN protocol.
- Availability: Windows, macOS, Linux, iOS, Android, and routers.
- Subscription: At least $2.19 per month with a 30-day money-back guarantee.
- VPN Platform Link: https://www.privateinternetaccess.com/
- Operations: Over 23,000 servers in 91 countries.
Surfshark
It offers unlimited device connections, SmartDNS feature, CleanWeb ad blocker, and camouflage mode.
- Availability: Windows, macOS, Linux, iOS, and Android.
- Subscription: At least $2.19 per month with a 30-day money-back guarantee.
- VPN Platform Link: https://www.privateinternetaccess.com/
- Operations: Over 3,200 servers in 100+ countries.
Closing Thoughts
While VPNs bring advantages to crypto traders, practicing due diligence is still a must.
- Choose only a reputable VPN provider. It is because while there are free VPNs, they were made to steal personal information.
- Thus, always do your research on what VPN will fit your crypto trading habit.
Moreover, we are lucky because the Philippines allows its citizens to use VPNs either for personal or business purposes.
- However, some platforms may block access to their platform for users connecting through a VPN.
- There are also crypto exchanges that do not allow users to use VPN, and breaking those exchanges’ terms and conditions can result in a ban or account closure.
This article is published on BitPinas: Privacy, Please! The Top VPN for Crypto Traders Like You!
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