Best Free VPN for Crypto Trading
By crypto trading, we refer to the performance of transactions involving cryptocurrencies, and that could encompass trading assets, exchanging them for fiat currency, or even providing payments with Bitcoin and other altcoins in the platforms that allow that mode, which is increasing in quantity by the day.
Decentralized currencies are trending up in usage and applications, and despite the recent market crash, cryptocurrencies remain the present and the future of our financial landscape. Each day, more projects are seeing the light and establishing themselves as reliable options.
While the use of cryptocurrencies, which are known around the industry for representing anonymous payment forms, is increasing and has many benefits, the blockchain system isn’t perfect. Nothing is. It isn’t entirely, 100% private because users’ pseudonyms are attached to personal data, and transactions can be tracked with that information.
Then, there is the issue of regulation: governments haven’t found a way to establish some universal set of rules to use cryptocurrencies, and if they do, it can affect an otherwise open and decentralized system.
VPN technology and its benefits for crypto traders
Thanks to the existence and popularity of Virtual Private Networks, people are now able to dodge the majority of the obstacles associated with the access of cryptocurrencies on a worldwide scale.
VPN technology excels at letting computers and devices connect to remote servers via virtual “tunnels” in which the connection and location information of the customer travel in an encrypted way, with the intention of remaining undecipherable for any external agent that may want to take advantage of the data to make a profit or to harm the user in some way.
To perform the encryption and rerouting activities, most VPN brands make use of technologies called “protocols.” They are the ones in charge of protecting the user’s information. Some of the most famous and widely implemented are OpenVPN, L2TP/IPSec, SSTP, IKEv2, and the PPTP.
With VPN service providers, traders and investors can mask their real IP address and acquire a different one for temporary use, and that would make it extremely difficult for hackers or another agent to gain access to the personal data that can be traced or linked to blockchain records.
VPNs provide privacy, anonymous browsing, and enhanced security levels, which is a fantastic complement to the use of digital wallets. If you encrypt your wallet, no one will easily access your transactions, and your payment address will remain private.
The benefits of bypassing geo-blocking measures
Cryptocurrency trading is currently banned in specific countries, and you may find yourself in a nation that exercises that measure. Imagine if you needed to access your wallet and perform a transaction.
In those countries, most crypto exchanges and wallet providers are blocked, so you can’t access them while you are there unless you hire a VPN to spoof your location and connect to virtual servers from another nation, unblocking access to your wallet and favorite exchanges.
Should you subscribe the best Free VPN for crypto trading, or a Paid one?
If you are going to hire the best free VPN for crypto trading, consider that costless options don’t have the same security and privacy features than premium, paid alternatives. If you are not going to pay for something, you can’t expect that thing to be better or comparable to the item you are giving something for.
Most free VPNs aren’t recommended for crypto trading because they can leak your identity, they can sell your data logs to third parties, and they run ads that may be dangerous for your trading experience.
That said, some free options work for this purpose. Consider one that has excellent privacy and security offerings, multiple apps and high compatibility. Here are the best free VPNs for crypto trading, and a couple of premium choices, too.
Best free VPNs for crypto trading
1. ProtonVPN
ProtonVPN is known within the industry as a VPN made with privacy and security in mind by experts in the subject, which makes it virtually the best VPN for crypto trading. It hosts the world’s largest encrypted email network.
ProtonVPN is another “freemium” alternative. The free version is somewhat limited, with connection to three countries and only one device. However, it allows you to unblock a week-long free trial of the Basic plan. There are also Plus and Visionary selections.
Pros:
- Extremely secure encryption methods
- A no-logging privacy policy
- Four payment modes, one of them free
- No leaks
- Works with Netflix
Free plan limitations:
- The free plan is somewhat limited
- Not very fast
- It is not the most highly compatible option in the market
- Only OpenVPN, not more protocols
- Only three countries available for connection: all the other plans (paid) have more
- No simultaneous connections
- No P2P activity
2. TunnelBear
If you haven’t yet used a VPN, TunnelBear may be the most suitable brand for you. Its design is attractive, and you won’t get bored or lost, as it is arguably the most user-friendly service in the industry.
This freemium choice doesn’t stand out in any other category, but it earns at least average marks in encryption power, features, and usability. The monthly data cap is low (500 MB,) but since you are going to engage in crypto trading and not streaming, it works just fine.
Pros:
- Very user-friendly
- Both a free and a paid version
- It has exciting features for a free VPN, including a kill switch
- OpenVPN protocol and AES 256-bit encryption
Free plan limitations:
- Not the fastest VPN
- Can’t be directly installed in routers
- Low monthly data cap (500 MB) in the free version
- The Giant and the Grizzly (paid plans) come with unlimited bandwidth, while the Little free program has a 500 MB monthly limit
Best Premium VPN for Crypto Trading (Highly Recommended)
1. CyberGhost
CyberGhost is reliable, fast, and has a vast server network, with IP addresses of 50 nations available for use. It also allows users to connect up to five simultaneous devices, right at the average of the industry spectrum.
The OpenVPN protocol, the kill switch feature, the no-logging policy, and the AES 256-bit encryption take CyberGhost near the top of the list when it comes to VPNs to engage in crypto trading.
Pros:
- A perfect combination of speeds, security, and server network
- OpenVPN (and other protocols) and AES 256-bit encryption
- Nice features: no logs, ad blocker, antimalware, and more
- A week-long free trial
- Bitcoin payment allowed
Best Deal: $2.75/mo for 18 Months plan
45-Day Money-Back Guarantee
2. NordVPN
NordVPN is near the top of the list when it comes to VPN options available in the market. It has a double encryption feature for extra data privacy, and it is based in Panama, outside of any high-surveillance jurisdiction.
NordVPN keeps no logs and has both a 30-day money-back guarantee and a three-day free trial. With more than 5,000 servers in 61 nations, the network is enormous. The option is crypto-friendly, as it allows Bitcoin payments processed through BitPay.
Pros:
- Excellent device support and compatibility
- Based in Panama
- Servers in 61 nations
- No bandwidth limitations or restrictions on P2P
- Double VPN feature, DNS leak protection, and a kill switch
- Discounts on the long-term plans
- Six simultaneous devices
Best Deal: $11.95 $3.99/mo for 2 years plan
30-Days Money-Back Guarantee
Conclusion
In conclusion, use a free or paid VPN for crypto trading if you want to protect your digital assets from spying or hackers around the web and to access foreign exchanges or other crypto-related pages that may be restricted in your nation.
Affiliate disclosure:
This is my honest review. All the VPN services were tested for this article.
The links to the VPN websites are affiliate links. If you buy a VPN using my link, you will get the best price available online and you will be paying me breakfast. :)