With the recent growth of the value of Bitcoin, the crypto market shows yet again that it is more than capable of delivering a good return on investment.
It’s only natural that more people think about entering it or amassing their assets. Profits are not, however, the only concern: as the market grows, so does the governments’ drive to control it.
Some states like Algeria, Egypt, Morocco, and others even go as far as to prohibit the use of cryptos.
While such a thing is still, thankfully, a long way away for most countries, it is never too early to take care of one’s privacy and security.
In today’s article, you will learn how you may not only protect yourself but also maximize your assets’ efficiency.
Why You Should Use a VPN When Working with Cryptocurrencies
The very point of using cryptocurrencies as an instrument of payment is their purported anonymity.
Alas, they are not exactly 100% anonymous at all times. While it is true that you do not need to use your real name when buying or selling Bitcoins, there are still ways to trace your transactions back to you, such as the data falling into the wrong hands.
Unfortunately, it is more likely than one would want, as, for example, some crypto exchanges do not encrypt their users’ data at all and can be hacked into.
But what should you do then? Enter the VPN service!
In a world where privacy and security can be compromised at every turn, a VPN, or a Virtual Private Network, is a must for everybody who cares about those. And cryptocurrency users are some of the people whom it should concern the most.
The greatest thing about a VPN is that it encrypts all of your data, incoming and outgoing. So, as you can see, it works wonders when used in accord with cryptos.
If you use a VPN, you don’t need to worry about the reliability of your cryptocurrency exchange — only about your trade operations!
You should keep in mind, though, that it is necessary to choose a VPN that has a strict policy on not keeping any of your logs. Otherwise, the precautions you take may prove to be futile.
The best VPN providers undergo independent third-party audits to confirm the legitimacy of their promises.
Information on such audits’ results is usually displayed on the provider’s website.
Why You Should use Cryptos to Pay for your VPN
But there are other benefits of using a VPN.
For extra protection, it is possible (and recommended) to maintain a kind of a closed system with your VPN and the cryptocurrency you have.
There are two pieces of news for those who are just starting to use a VPN.
The bad news is that the best VPN services are not free (though it is generally possible to get a free trial or a refund).
The good news is that you can considerably increase the degree of your privacy by using cryptos to pay for a VPN, while also using the VPN to buy and sell cryptos.
In my opinion, the ease of mind that security gives you well outweighs the price you pay for it.
Think about it: if you pay for the VPN with a cryptocurrency, it easily doubles your security, as no one should even be able to see that you bought a VPN subscription in the first place. This is because, unlike if you pay with your credit card, you don’t have to enter any personal info to confirm your identity.
Although not all VPN providers accept Bitcoin as a method of payment, there are plenty who do, like NordVPN or ExpressVPN, among others.
Again, this information is easily found on the site of the VPN providers. There is such a multitude of different VPN services out there that you are sure to find the one (or more) that meets all of your needs.
Also Read: Top 7 VPNs for torrenting
Despite being a bit pricey, a VPN service is an essential instrument of protecting one’s privacy. It encrypts the data that goes to and from your device as well as hides your real IP from any prying eye. It can be used for numerous purposes, but most importantly, for trading in cryptocurrencies.
Using a VPN to conceal your operations with cryptos and cryptos to pay for the VPN is a great way to boost the security of your transactions as well as your general Net security.
When choosing a VPN service, you should pay close attention to its policy regarding the users’ logs, so that your browsing data is not kept by the provider.
If it isn’t, then your trading ventures will be as safe as it gets.