Best VPN for Crypto Trading
Cryptocurrencies are especially popular among privacy lovers, since they offer a new way of value transfers without the need of middlemen such as banks or credit card companies. Compared to wire transfers or paypal payments, cryptocurrency payments are peer-to-peer, any many of them have certain privacy features. In the case of Bitcoin, people can only know that the payment came from you if they can connect the Bitcoin sender address with your name, which usually won’t be the case. That’s why we recommend VPN providers with Bitcoin payments, since they offer an extra layer of privacy already at the purchase of VPN, for people who value anonymity. Learn more about privacy and cryptocurrencies.
Why VPN for Crypto Trading?
The Need For Absolute Data Privacy and Protection
There are a lot of differences between Crypto Trading and traditional trade markets like Forex or Stocks. One is that the privacy subject of cryptocurrencies itself is also represented by many brokers. Trading altcoins against Bitcoin can be managed in entirely anonymous trading accounts at brokers which don’t ask for any personal data. So there are brokers where you just have to fill in an email and password when registering and you’re good to go. Details about trading can be found on www.BitcoinTradingSites.net.
However, trading with an anonymous email address only doesn’t make the whole activity entirely private yet. Still your internet service provider knows and saves your connections to your broker, as well as governmental institutions.
Another risk when accessing a broker website is that third parties, like data thieves, could try to steal your login data to get access to your digital money stored on the broker platform.
Trading crypto is a highly sensitive matter for many people, and for those who aren’t aware of the risk yet, it will become a topic once they get in trouble one or the other way. VPN is a way for cryptocurrency holders to improve the anonymity of their balances, transactions and activities.
By using a virtual private network your trading activity gets concealed and untraceable, if you combine it with a broker that doesn’t ask for personal data like the ones shown on.
The vpn connection protects the data transfers between your computer and the broker platform by military grade encryption and makes sure that neither hackers nor authorities will compromise your right for data privacy.
Governmental spying today is a big topic and many people are afraid where this could lead to in the future. Data they collect today might be used in the future in the matter of new laws or interests of new authorities. Therefore the best protection against future issues as a crypto owner and trader is to take data privacy and measurements like the use of VPN for serious already today.
Shortly said: The field of cryptocurrency is under development, also regarding the law and tax situation. better to keep your activity 100% private if you’re unsure in terms of future consequences.
Learn more about altcoin trading on shitcointrading.com.
Here is a reason why many traders expect the next bull market to come soon.
Access To Censored Websites In Your Country
Another issue why people need a VPN for cypto trading is that many brokers ban certain countries because of specific law situations. People who don’t agree with that and still want to get access to such brokers, just need to use a VPN that conceals their real IP address and makes the broker’s system think that they are from another country – just any of the allowed ones.
Does VPN Slow Down The Connection?
That’s an important question regarding the necessity of quick reactions to the market in day trades / scalp trades. However, the best VPN services are known for their excellent connections and won’t slow down data transfers at all. The important point is to choose the VPN service especially by speed.
If you haven’t heard the term yet, read here what scalp trades are about.
Which VPN Is The Best For Trading Cryptocurrencies?
As said, the best VPN services for crypto trading are the ones with the fastest connections. Next to speed stability is an important point, since you don’t want your internet connection to get constantly interrupted.
Another important point are logfiles. Make sure the VPN service doesn’t save any. Services collecting logfiles don’t provide real privacy. If they save any details about your connections and online activity they don’t really take privacy for serious. Such services might be ok for certain matters but for sure not in the case of crypto trading. VPN services collecting logfiles are simply not designed for real and absolute data privacy.
Another attribute you might want to look for is a Bitcoin payment option. Many VPN services accept BTC payments so customers can even stay entirely anonymous when purchasing the service. Also, as crypto enthusiast it makes sense to support Bitcoin-friendly companies.
Here are the best VPN services for secure cryptocurrency trading
NordVPN is a big provider with a vast number of servers all around the world. They don’t save logfiles at all and support Bitcoin payments. Customers can try the service risk free since NordVPN offers a 30 days money back guarantee. Our tests of NordVPN in terms of connection speeds and stability were excellent so far, so we can recommend the service especially for crypto trading activities.
- No logs are kept and anonymity is embraced
- P2P friendly VPN service
- Supports Bitcoin
- Up to six simultaneous devices in use
- Free extras enhancing your online protection
- 30 days money back + 3 days free trial
- Money back guarantee includes Bitcoin subscribers
- Monthly subscription is not that affordable
- Speed can vary during peak hours
- There might be some glitches in performance
- Company Location: British Virgin Islands
- Countries: 94
- Servers: 2000+
ExpressVPN is another big player in the field of VPN that offers exactly the benefits we are looking for. High speed and very stable connections, Bitcoin payments, a 30 days money back guarantee, they have it all and the software works perfectly on any device.
- no logfiles
- they accept bitcoin
- non-US company
- very fast download speeds
- filesharing allowed
- quality has a price