Do You Need a VPN for Crypto?

Cryptocurrency is one of the biggest tech trends of today. Not only have digital currencies already attracted millions of users, but they continue to do the same every day.

People interested in crypto are already familiar with the security measures built into blockchain technology. However, you can never do too much when it comes to staying safe online. That’s why many of them are exploring the idea of using a virtual private network (VPN) and changing their IP address for some extra protection.

But do you need a VPN for crypto? Let’s discuss this in more detail.

Staying Anonymous While Using Crypto

Anonymity and privacy are some of the core values behind cryptocurrency. If you’re just learning how to create a coin wallet, you’ll see that there’s no need to input your personal information, such as your name or address. This means that no matter what you’re using crypto for, nobody can trace this activity to you.

However, this is still possible if you don’t protect your online activity from your internet service provider (ISP) and others who may be able to access your connection. So, even though the blockchain keeps your identity hidden, the way you connect to it can reveal more than you realize.

That is, unless you’re using a VPN to mask your IP address and encrypt your traffic. This makes it impossible for anyone, including your ISP, to monitor what you’re doing online. If you want to keep your crypto activity to yourself, combining it with a VPN is one of the most effective ways to stay truly private. It may seem like a small step, but it can make a big difference in protecting your digital assets.

Bypassing Geo-Restrictions

If you spend enough time online, you probably already know that some sites don’t allow access to users from all regions. This means there could be a crypto site you want to visit, but simply can’t do so because of your physical location. Whether it’s a crypto casino or an NFT marketplace, regional blocks can stand in your way.

VPNs make your connection private, but they do more than that. By changing your IP address, they make it look like you’re accessing a website from an entirely different place. This means you can set your location to whatever you want and access a site from a country it doesn’t block.

It takes just one simple click to set your location to anywhere you want. Most of the top VPN providers on the market offer hundreds, or even thousands of servers, so finding a location that’s not geo-restricted shouldn't be a problem.

With your virtual location set to someplace else, you can access the crypto site you want and enjoy all the content it has to offer.

Staying Safe from Targeted Scams and Tracking

Regardless of what you’re doing online, there’s always a chance that someone’s going to have insight into your online habits and IP data. They may use this to send you phishing emails and scam ads to trick you into clicking on fake links.

So, if you’re using crypto, internet wrongdoers may try to single you out based on your online behavior. They may create ads that mimic crypto services or fake token sales just to get you to share your sensitive information with them. Some phishing sites even try to mimic legitimate crypto sites to trick users into sharing their data.

Using a VPN reduces the risk of being targeted as it masks your IP address when you’re browsing the web. This way, you leave no tracks online, and it’s more difficult for scammers to target you based on your internet activity. In other words, they simply have less data on you that can be used for scamming purposes.

Crypto users aren’t necessarily the most common targets, with only 1.9% of phishing attacks being aimed at them, but you can never do too much to stay safe. Just by clicking a button and activating your VPN, you add an extra layer of security against this type of attack.

Protecting from Public Wi-Fis

If you enter the world of crypto trading or investing, it’s important to be able to access the market no matter where you are. That way, you can monitor price changes, make quick decisions, or react to the latest crypto news in real time.

Sometimes, this means you may have to use public Wi-Fi to connect to the internet. The only problem is, public Wi-Fi isn’t as safe as it seems. As long as someone is connected to the same network as you, they can monitor your activity and steal your data.

Luckily, there are things you can do to protect yourself and your data. VPNs are the most effective tool for public Wi-Fi as they hide your activity from other people on the same network and make it impossible for them to steal your data.

Even if you think the public Wi-Fi you’re using is safe, connecting to a VPN server provides peace of mind and lets you focus on what actually matters — making the right moves in the crypto market.

Choosing the Best VPN for Crypto

The VPN industry is constantly growing, and you’re spoiled for choice when it comes to which service you’ll use. There’s really no one-size-fits-all answer, but there are plenty of VPNs on the market that you simply can’t go wrong with.

You want a VPN that offers strong security features, such as powerful encryption, a no-logs policy, and protection against DNS leaks. These features, together, ensure that absolutely nobody can monitor your crypto activity online.

Another functionality you don’t necessarily get with all popular VPNs is a kill switch. It’s a feature that cuts off your connection in case your VPN drops. This ensures your actual IP address and other data aren’t exposed when the secure tunnel suddenly fails.

Also, VPN providers constantly offer promotional deals, meaning you can get top-level protection at a discounted price. Figure out what works for you financially and ensure you’re protected while using crypto.

Featured Image by Freepik.