Hodl Ninjas
  • News
  • Markets
  • Guides
  • NFTs
  • Defi
  • Exchanges
  • Subscribe
Search
bitcoin
Bitcoin (BTC) $ 22,913.14
ethereum
Ethereum (ETH) $ 1,627.93
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 325.96
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.400598
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.393173
dogecoin
Dogecoin (DOGE) $ 0.092096
okb
OKB (OKB) $ 44.28
matic-network
Polygon (MATIC) $ 1.20
solana
Solana (SOL) $ 23.39
shiba-inu
Shiba Inu (SHIB) $ 0.000014
staked-ether
Lido Staked Ether (STETH) $ 1,625.05
polkadot
Polkadot (DOT) $ 6.67
litecoin
Litecoin (LTC) $ 96.38
avalanche-2
Avalanche (AVAX) $ 20.02
tron
TRON (TRX) $ 0.063601
uniswap
Uniswap (UNI) $ 6.82
dai
Dai (DAI) $ 1.00
cosmos
Cosmos Hub (ATOM) $ 14.46
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 22,877.13
chainlink
Chainlink (LINK) $ 6.97
the-open-network
Toncoin (TON) $ 2.29
leo-token
LEO Token (LEO) $ 3.59
ethereum-classic
Ethereum Classic (ETC) $ 22.79
monero
Monero (XMR) $ 165.88
bitcoin-cash
Bitcoin Cash (BCH) $ 134.39
aptos
Aptos (APT) $ 15.02
stellar
Stellar (XLM) $ 0.090601
apecoin
ApeCoin (APE) $ 5.68
crypto-com-chain
Cronos (CRO) $ 0.081403
near
NEAR Protocol (NEAR) $ 2.39
filecoin
Filecoin (FIL) $ 5.27
quant-network
Quant (QNT) $ 137.44
algorand
Algorand (ALGO) $ 0.259657
hedera-hashgraph
Hedera (HBAR) $ 0.07027
vechain
VeChain (VET) $ 0.024062
lido-dao
Lido DAO (LDO) $ 2.05
internet-computer
Internet Computer (ICP) $ 5.59
fantom
Fantom (FTM) $ 0.561556
decentraland
Decentraland (MANA) $ 0.730264
the-sandbox
The Sandbox (SAND) $ 0.72583
axie-infinity
Axie Infinity (AXS) $ 10.98
aave
Aave (AAVE) $ 85.78
eos
EOS (EOS) $ 1.09
the-graph
The Graph (GRT) $ 0.130801
flow
Flow (FLOW) $ 1.11
elrond-erd-2
MultiversX (EGLD) $ 45.06
terra-luna
Terra Luna Classic (LUNC) $ 0.000187
Hodl Ninjas
  • News
  • Markets
  • Guides
  • NFTs
  • Defi
  • Exchanges
  • Subscribe
Search
Hodl Ninjas
Home Guides

Here’s Why All Crypto Users Should Use A VPN While Trading

To crypto traders, a VPN does more than just protect against viruses, malware, and phishing attacks. We review how using a VPN can help secure crypto transactions and why every trader should be using one.

Kevin O'Brien by Kevin O'Brien
May 9, 2022
in Guides, News, Trading
0
Why Crypto Traders Should Use a VPN
Share on FacebookShare on Twitter

Crypto trading continues to hit the mainstream as more across the world become familiar with digital currencies and get involved with buying, selling, and trading.

In November 2021, a Pew Research study revealed nearly 9/10 Americans had heard at least a little bit about cryptocurrencies like Bitcoin. About 16% admitted they had invested, traded, or used cryptocurrency. The results differed starkly from a 2015 poll where just 48% said they’d heard of Bitcoin to any degree.

Many crypto investors and traders have privacy concerns, especially since public blockchains mean any transaction can be reviewed by just about anyone.

Some wonder if the use of a VPN (virtual private network) offers any added benefits or protection while trading.

While the use of a VPN is not foolproof, it does offer crypto traders additional privacy, encrypts all trading data, and provides a better overall trading experience.

Nord VPN for Crypto

NordVPN: #1 Rated VPN by Crypto Traders

Save 60% on Your First Purchase

Claim Offer

VPN Usage Grows As More Internet Users Understand The Importance Of Good Privacy

The popularity of VPNs continues to surge as they become more accessible to the average Internet user. 2022 research shows about 30% of VPN users rely on the tool for personal reasons, while about 24% use them for business.

VPNs are often popular in countries with severe Internet restrictions. For example, statistics show about 55% of all Internet users in Indonesia rely on a VPN. Unsurprisingly, VPN usage surged during the COVID-19 pandemic when many across the world were locked down.

What are some of the benefits of using a VPN while trading crypto? First, VPNs help keep a user’s Internet traffic secure and can help thwart phishing attacks from thieves looking to steal virtual currency.

While it’s never smart to trade crypto on public Internet networks, using a VPN does encrypt traffic so security is enhanced (the same is true on your home network). Some thieves even go the distance to set up a fake network to try and monitor traffic on computers and attempt to piece together enough info from a trader to steal trade platform credentials. Some VPNs come equipped with a blocklist that automatically prevents a user from clicking on a phishing website, a useful tool as a good number of these fraudulent sites often have some mention of cryptocurrency.

VPNs also help Internet users change their IP address. Why is this important? Because a node is able to see a user’s real IP. As just about anyone can set up and run a node, this means the wrong people could then make note of a person’s IP address and any crypto-related transactions, provided they’re operating a node that keeps records.

Less Personal Information On The Internet Is Always Better, Especially If Large Amounts Of Money Are At Stake

Additionally, an IP address makes a lot of information, like an Internet user’s country, city, and zip code, clear to anyone curious. Leaked IP addresses can be used by cybercriminals for nefarious activities. Using a VPN to hide a real IP address is a smart move while trading cryptocurrency. Transactions will be associated with the VPN server’s IP, helping the actual Internet user lay low while they’re trading.

The many benefits of using a VPN while crypto trading often lead people to assume that any option will do. This isn’t the case. Any crypto user interested in a VPN should carefully study their options and find a service with a few key features.

Good VPNs guarantee obfuscation. This makes VPN traffic look normal and is essential for getting around VPN blocks. Another feature of a good VPN is the inclusion of a kill switch, which shuts off Internet access if the VPN goes down.

Connection drop for a VPN could mean critical trade data becomes exposed if the Internet connection is still active. Finally, good VPNs do not keep logs and are willing to prove so. A no-log policy means a VPN provider does not store or record any transmitted info, meaning Internet activity is safe from third parties or advertisers looking to cash in on search histories.

Overall, using a VPN for crypto trading is an extremely smart move to help lay low while crypto trading and mitigate any potential security risks. While it’s not entirely foolproof, the use of a good VPN will help protect an Internet user’s identity.

ShareTweetPin
Previous Post

Big Brands Moving Into NFT’s

Next Post

Why Discord is So Important for NFTs

Kevin O'Brien

Kevin O'Brien

Kevin O'Brien is an experienced crypto journalist with a focus on blockchain and decentralized finance. His past work has been featured on Bitcoinist, CCN, and CryptoGlobe. His primary areas of focus with HODL Ninjas are DeFi and NFTs.

Related Articles

Genesis and Bitcoin Jesus
Markets

Genesis and Bitcoin Jesus

January 31, 2023
Secret Papers of BlockFi
Blockchain

Secret Papers of BlockFi

January 30, 2023
Europe Paves Way for Global Crypto Framework
Blockchain

Europe Paves Way for Global Crypto Framework

January 27, 2023
Sam-Bankman Fried Saga Continues...
Exchanges

Sam-Bankman Fried Saga Continues…

January 26, 2023
Next Post
NFTs and Discord - Tips for Using Discord to Analyze Projects

Why Discord is So Important for NFTs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Articles

  • SBF Promises Customers Will All Get Paid Back

    SBF Promises Customers Will All Get Paid Back

    0 shares
    Share 0 Tweet 0
  • Nike Is Secretly Buying NFT Domains: Nike Metaverse?

    0 shares
    Share 0 Tweet 0
  • Silvergate: Fall of a Premiere Crypto Bank

    0 shares
    Share 0 Tweet 0
  • Enter GTX: Three Arrows Capital Rises from the Ashes

    0 shares
    Share 0 Tweet 0
  • What the World’s Business Leaders are Saying about Crypto

    0 shares
    Share 0 Tweet 0
bitcoinBitcoin
$ 22,913.14
$ 22,913.14
2.04%
ethereumEthereum
$ 1,627.93
$ 1,627.93
2.29%
tetherTether
$ 1.00
$ 1.00
0.02%
solanaSolana
$ 23.39
$ 23.39
3.94%
cardanoCardano
$ 0.393173
$ 0.393173
1.22%
polkadotPolkadot
$ 6.67
$ 6.67
2.59%

Become a Hodl Ninja.

Stay on top of market trends, find exciting new projects, hold on for dear life.

johnsmith@example.com
© 2021 Hodl Ninjas – A BettorView Brand.
No Result
View All Result
  • News
  • Markets
  • Guides
  • NFTs
  • Defi
  • Exchanges
  • Subscribe

© 2021 Hodl Ninjas - A BettorView Brand.

Subscribe to Hodl Ninjas

Get the latest news in crypto and be the first to hear about exciting new projects.

Enter your email address

No thanks, I’m not interested.

Search
$ USD
  • $ USD
  • € EUR
  • ₹ INR
0
Previous 25
Next 25
#CoinPriceMarketcapVolume (24h)SupplyChange (24H)Price Graph (7D)
Previous 25
Next 25