Why You Should Use a VPN for Cryptocurrency Trading in 2019
At first, cryptocurrency trading may sound like an ordinary trade activity. But go deeper and it becomes much more complex; not because it’s difficult to understand, but because governments around the world see cryptocurrencies differently. In countries like India, where there is a cloud of confusion regarding the legality of cryptocurrencies, only a handful of people are aware that holding Bitcoin is in no way a punishable offence. In such regions, it is always recommended to use a Virtual Private Network (VPN), for the sake of mental peace, and most importantly, financial privacy.
But what is a VPN? Why VPN activation is important while cryptocurrency trading? How to use it? This article brings you the answers.
What is a VPN?
A Virtual Private Network (VPN) is a private network layer capable of merging with public network and functions like a part of the public network. A public network is the internet, also called the open world wide web, as we know it. Data sent or received via VPN flows through the public network as usual, except that it is encrypted for security purposes. In other words, the source and the destination of data is masked when a VPN is being used. On a normal network, the identity of a computer or node is projected through IP address, but on a VPN this IP address is hidden from the public network, which means nobody can track you or your surfing details.
Why VPN activation is important while cryptocurrency trading?
Your money is hard-earned, so you might as well take steps to protect. When you operate your Bitbns account on a public network, you are vulnerably open to a vast network that’s crawling with hackers and mischiefs. You may or may not have an idea about how much data about you can be extracted with a simple IP address, but allow us to break it to you, it’s a lot, including your bank details, identity, monetary status and much more. A small piece of data leak containing information about your cryptocurrency wallet could flush your cryptocurrency funds in no time. Hence, it is always recommended to use a VPN service as with a VPN shield, your data travels on a fully private network in an encrypted format rendered useless for a malicious party.
How to use it?
To use a VPN, choose from among the list of popular free and paid VPN services. Most free VPN services provide only the basic benefit of masking your browsing session with normal strength. If you browse only media content, social media, and probably Netflix too, you know you have no use for a very strong VPN network against all kinds of advanced tracking. But since we are talking cryptocurrency trading here, which indeed is a sensitive financial thing, we would recommend you to use a strong, paid VPN service.
But you’re the one who pulls the trigger. So we are providing you with a list of good, free and paid VPN services.
Popular free VPN services: VPN Gate, Hotspot Shield, TunnelBear, Windscribe, Speedify, ProtonVPN, hide.me, SurfEasy, PrivateTunnel etc.
Popular paid VPN services: ExpressVPN, NordVPN, IPVanish, Hotspot Shield, SurfShark, CyberGhost, StrongVPN, TunnelBear, VyprVPN etc.
After choosing your desired VPN service, go to its official website and download its application. If you are downloading a paid VPN service, you will have to pay for it first. Once the download is complete, install the VPN, launch the VPN application, choose your location, and activate the VPN service.
This way, all your data would travel in a secure, encrypted format, ensuring utmost safety of your funds. Hope we could show you the utility of a VPN service.
Best Regards
Team Bitbns
