With more than 1500 cryptocurrencies being created only in the last few years, the use of cryptocurrencies such as Bitcoin as a form of payment is on a steady rise. The technology behind it incorporates higher levels of security and grants a lot more privacy to its users. These are only a few of the reasons why a number of people might also opt for crypto trading. Similar to the forex market, crypto trading basically involves the exchange of one cryptocurrency for another. It’s one of the best ways to create wealth through cryptocurrencies if you wouldn’t be looking forward to mining them.
To participate in crypto trading, there are two main categories you need to know about. There’s the centralized exchange and the decentralized exchange. The former is somewhere that you can store fiat and exchange them for cryptocurrency. The latter is somewhat the same, except for the fact that there’s no middleman to facilitate the transactions.
In as much as cryptocurrencies are dealt with in an environment that accommodates security, there are still vulnerabilities that experienced hackers can use to get hold of your stash. This could be through the data that your ISP saves whenever you connect to your broker. If they manage to get access to your login credentials, that’s all it takes to wipe out your account. If you’re going to engage in crypto trading, you should really think about how secure your connection is. One of the best ways to amp up your security and remain anonymous online is through using a VPN.
Using a VPN is essential because it encrypts your connection. By doing so, the data emitted from your device when online gets hidden. This makes it hard to track down whatever you’ve been up to on the Internet. It also means that your trading activity becomes untraceable, and therefore difficult to keep track of. The data transferred between your device and the trading platform gets encrypted, making it hard for anyone to find out about your trading practices.
Using a VPN also allows you to hide your location. This becomes very useful especially when you want to sign up with a trading platform that’s not available in your country. You’ll also get access to a wider variety of other geo-blocked sites and channels. This allows you to access different versions of the same site. It is very convenient to do this because, you get to pay lower prices when shopping online, or booking flights.
A VPN also keeps your browsing activity hidden from your ISP. With your ISP hidden from your connection, you get to avoid anything they might try and do to manage your connection. Specifically, this is anything they might throw at you through throttling. It might involve slowing down your speed, limiting your bandwidth or even censoring certain websites.
Best VPNs for Crypto Trading
Choosing the perfect service is something most users may find difficulty with if this happens to be their first time. What you don’t want to do is end up with an ineffective service. To help you make the right choice, we’ve come up with a number of suggestions that you ought to look at:
ExpressVPN starts off our list as the provider with the most awards for excellence in the industry. Launched in 2009, the service continues to deliver top-notch security and connectivity with its network of more than 2000 servers. Users benefit from 256 bit AES encryption, as well as a service that supports VPN protocols such as OpenVPN, PPTP, SSTP, and L2TP/IPSec. Subscribers also get the option to have up to 3 simultaneous devices attached, and access to its split tunneling feature.
The ExpressVPN client is fully usable with Tor, and this allows for complete anonymity when browsing. Its zero DNS knowledge service keeps your location hidden at all times and allows you to access geo-restricted sites without any issues. Customer service is also top shelf, as users are able to reach out for help through email, ticketing, social media or live messaging. There’s full support for platforms based on Android, iOS, Windows or Linux, so you shouldn’t worry about your device’s compatibility. Using ExpressVPN to secure your trading or browsing activities has a lot more benefits than the few we’ve listed here. To know more about them, have a look at our ExpressVPN Review.
IPVanish is the second provider on our list, with its 1500 servers availing up to 40,000 IPs for its users to connect to. As a US provider, the service applies even more stringent measures to keep user security and identity. These include its military grade 256 bit AES encryption, as well as its strict zero logging policy. IPVanish is also ideal for users who play online games a lot, as it strikes a perfect balance between speed and security.
The service also allows for the most simultaneous connections, with up to 10 under one account. With that, you also get to choose whether or not to download its VPN client. If not, subscribers can opt for its SOCKS5 web proxy, that you only get to access when online. As a subscriber, you get zero limits on your bandwidth, and also zero limits on your server switching. Support for torrenting is also very high with IPVanish. There’s support for anonymous torrenting, and peer to peer file transfer with the service. For more insight on these and other features of the provider, have a look at our IPVanish Review.
Over 4000. That’s how many servers you’ll have access to once you sign up with NordVPN. The provider boasts of one of the largest server groups ever. These servers are distributed across the world, with more of them based in high traffic areas such as the US, UK, Europe and such. With such a big number, the service allows you to even choose which ones to use based on what you’re doing online. You can opt to connect to servers that are best for online gaming, HD streaming, torrenting or just enhanced security. The fact that the provider is headquartered in the British Virgin Islands just makes it more difficult for data authorities to track your use.
NordVPN also offers double VPN encryption in addition to its 256 bit AES encryption to ensure your data stays completely protected. To do so, the service routes your data through two servers instead of one. NordVPN also has software to help manage your security. One example is its CyberSec software that keeps away ads and malware. The service also allows for simultaneous connections, as users are able to have up to 6 multiple devices all connected at once. There are loads of more features the provider offers, and you can learn about them by going through our NordVPN Review.
Conclusion On The Best VPN for Crypto Trading
Crypto trading is a venture that is sure to be profitable if executed well. One of the primary concerns you’ll have to take care of to succeed however is your security. The best way to do this would be to sign up with a credible provider. ExpressVPN, IPVanish, and NordVPN are sure to give you top-level service and ensure that your crypto trading experience remains secure.
Streaming gadgets geek. Interested in every little thing there is to know about bypassing regional restrictions. An avid believer in the right to protect online privacy. Charles has also reviewed plenty of VPN service providers and knows how to separate the good apples from the bad ones.