The best VPNs for crypto trading: ensuring anonymity and asset protection

Cryptopolitan

October 24, 2024

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If your crypto portfolio is worth more than $100, security should be your priority. Every crypto trader, especially those active in the DeFi space, needs to pay attention to their anonymity to protect themselves from cybercriminals.

A regular VPN ( virtual private network ) can become a reliable shield for your assets. Such a service encrypts and redirects traffic through a secure channel, hiding your real IP address. When using a VPN, neither the provider nor other network users will be able to track your actions. It is important to choose a reliable VPN for crypto trading.

I compiled a list of the best VPNs for crypto traders based on important criteria that we will discuss below. Let's understand why a VPN is critically important for working with crypto assets and which services are best suited for Android and iOS devices.

Overview of the best VPNs for crypto trading:

1. NordVPN – maximum security and convenience
2. Private Internet Access (PIA) – the largest server network
3. ExpressVPN – the best choice of server locations
4. Surfshark – an affordable solution for anonymous trading
5. Proton VPN – impressive connection speed

In the first six months of the year, the crypto industry lost about 2 billion dollars due to hacking attacks and phishing. Hacks related to private key vulnerabilities accounted for half of all losses.

Malicious actors are constantly looking for loopholes to steal crypto assets. They can even use your IP address to track activity and obtain confidential information, which puts your funds at risk.

This emphasizes the need for additional protective measures, and a VPN provides a basic level of security for your crypto wallet.

A VPN encrypts internet traffic and masks your IP address, making it significantly more difficult for hackers to track your activities.

Moreover, a VPN helps to bypass geographical restrictions of some crypto platforms. Personally, I encountered a situation where I could not connect to a popular platform, despite being in a supported region. The VPN solved this problem.

The anonymity provided by a VPN is invaluable for traders who value privacy. Although complete anonymity in the crypto world is unattainable, a good VPN along with a responsible approach significantly enhances your security.

Most privacy-oriented services adhere to a "zero-log" policy, ensuring that your activity is not stored anywhere.

Some VPNs also offer a kill switch feature that automatically disconnects your internet connection when the connection to the VPN server is lost. This prevents accidental exposure of your real IP address.

How to Choose the Best VPN for Crypto Trading

Not every VPN is suitable for crypto traders. Here are the key selection criteria:

1. Privacy and Security: the foundation of everything. A good VPN should provide anonymity through a strict "zero-log" policy, strong encryption, and a kill switch feature.

Also pay attention to the country of registration of the provider. The jurisdiction affects privacy. It is better to choose services from countries with strong data protection and minimal government oversight.

• Speed: is critically important in the volatile cryptocurrency market. Compare network speeds and latencies. I recommend choosing providers with high or unlimited bandwidth.

• Support for crypto payments: a convenient option, although not the most important. Paying with cryptocurrency will simplify life if you do not have access to fiat cards.

• Price-Quality Ratio: free VPNs are usually limited in security functionality. When choosing a paid service, make sure you are getting good value for your money.

• Reputation: study user reviews. Checking app store and public reviews will help you learn about the pros and cons of a specific service.

I personally tested several VPNs and believe that NordVPN offers the optimal balance between security and convenience, although some may disagree with me. Surfshark is a great option for those looking for an affordable solution without sacrificing quality.

In addition, I want to note that there are decent free VPNs with basic functionality, sufficient for beginner traders with small portfolios.

Ultimately, the best VPN is the one that meets your individual security needs and trading habits. Carefully review the privacy policy of any service before use.