Table of Contents
While the growth of technology sure makes one hope for a safer environment, the news of growing attacks related to the crypto industry is alarming. Anonymity and security are two factors that cannot be compromised when it comes to cryptocurrency transactions. Hence, one should always use a VPN service specially suited for this domain. Let us take a close look at how VPNs help keep this domain safe and anonymous.
VPNs protect traders in multiple ways
Crypto traders are usually involved in some other professions. Or they may have to travel often for various reasons. To keep track of their activities, they may need to use public Wi-Fis frequently. Public networks are the most susceptible to hacker attacks. Even though crypto data is encrypted with special protocols that keeps them safe, when using an open network, even this data is placed under risk. By using a VPN, you can easily save yourself from such threats.
While the above-mentioned threat remains the most prominent one, that is not the only one. Crypto addresses are meant to be private. But online wallets are not completely reliable and may leak protected data. The owner can be identified easily if the wallet is flawed. Using a VPN while indulging in trading crypto-related activities is simple and one of the most effective solutions to evading all these problems.
Pros of crypto-VPNs
By using a crypto-VPN, you will be adding an extra layer of security over your trading and browsing activities. VPN encrypts all the data that passes through it. While crypto data is encrypted in the first place, an additional layer of encryption will definitely make the data more secure. This double protection ensures that it will be very difficult for the most seasoned hackers to get access to your data. Besides that, VPNs will also help you remain anonymous while trading by masking your IP address. Your device won’t be recognizable in the network. Just make sure that you use a good VPN service from a reputable provider so that logs of your network activities are not kept. You can subscribe to plans from reputable providers like ExpressVPN to enjoy maximum security at an affordable price. You can read more here.
Cons of VPNs
While the whole concept and tool called VPN in itself do not have any disadvantage, the advantages of a VPN depends on the provider. There are plenty of VPNs in the market that offer remarkable features for a very cheap price. Some even offer VPN services for free. But not all the VPNs are good. Some may offer you free VPN and in turn sell your data to third parties for profit. Some VPNs come with trackers to track your activities, which is the opposite of what VPNs are intended for. Some may scam you with the name VPN while not even having the basic requirements a VPN service is supposed to have. Hence, always ask the question – ‘how does the provider make a profit from this service if it’s free/too cheap?’. Always go for VPN services from reputable providers that you can trust. Do thorough research before you invest in a VPN service.
VPN is a must-have tool for anyone who deals with cryptocurrencies. Security is a difficult concept to realize in the modern world. VPN makes it a little bit easier to achieve that. Be cautious and choose wisely.