VPN. What's the point?

Is it useful to have a VPN if you own cryptocurrencies?

July 7, 2023

Cyberattacks are constantly increasing and this is particularly true in the crypto world. It is essential to adopt security best practices. This is important to protect our privacy. This is all the more important if we want to prioritize confidentiality regarding our cryptocurrency transactions.

We often hear that a VPN is useful for changing IP addresses and being able to watch programs and videos that are not available in our country. However, are there other use cases for VPNs and more precisely what can they be used for if you own cryptocurrencies?

What is a VPN and what is it for?

A VPN, or “Virtual Private Network” in French, is a virtual private network. It is software that can be installed on devices such as phones and computers, and which performs two main functions:

  1. Hiding your IP address : An IP address is an identification number that allows your devices to be recognized when you connect them to the computer network. A VPN helps hide your real IP address, making it harder for hackers to identify and target you.
  2. Encrypting your data: When you use a VPN, all the data you send and receive is encrypted, meaning it is turned into a code that is unreadable to people trying to intercept it. This allows you to browse the Internet safely, especially when transacting cryptocurrencies.

Why use a VPN for your crypto transactions?

When you are interested in cryptocurrencies and trading, it is essential to take steps to ensure the security of your online activities. Crypto trading platforms can sometimes be insecure, and connecting to these platforms without protection can be risky. Your IP address can be exposed, you can be spied on and your data can be hacked.

A VPN is a valuable tool in this situation. It offers several advantages when it comes to trading cryptocurrencies:

  • Increased security: VPNs protect your browsing data by encrypting it, making it extremely difficult for hackers to intercept your sensitive information such as your passwords and Bitcoin wallet details. This allows you to transact securely and keep your money protected.
  • Reinforced anonymity: Cryptocurrencies, although not completely anonymous but pseudonymous, offer a certain form of anonymity. However, it is important to note that your financial activities can be tracked once you have gone through a KYC/AML check. Using a VPN can increase your anonymity by hiding your real IP address and making it more difficult for third parties to identify you and track your transactions.
  • Bypassing geographic restrictions: Some countries have restrictive policies regarding the use of cryptocurrencies. They can restrict or completely prohibit the use of cryptocurrencies on their territory. By using a VPN, you can bypass these geographic restrictions by hiding your IP address and connecting to servers in other countries where cryptocurrencies are permitted. This allows you to access platforms that do not accept residents of certain countries. Some sites such as the sites of sports betting in bitcoin are not accessible in all countries, for example. This can be useful depending on your desires and choices.

Which VPNs accept cryptocurrency payments?

There are several VPN providers that accept payments in bitcoin or other cryptocurrencies. Here is a small selection of VPNs available to you:

1. NordVPN: The most popular VPN for cryptocurrencies

nord crypto vPN
source: NordVPN

This is definitely the most popular VPN provider (especially if you watch Youtube) that offers reliable service at an affordable price. With Nordvpn, you can have anonymity online by strengthening your security. The provider is also known for the fast speed and its large RAM-only server network. So none of your information is saved anywhere. It is possible to pay NordVPN with cryptocurrencies such as Bitcoin, Ethereum, Cardano or even doge coin.

You can benefit from NordVPN for €3,49/month and cover up to 6 devices simultaneously. You can also take advantage of a free month to be sure you want to choose this provider. .At this time you can enjoy a offer with a discount of less than 66%.

2. MullVad: the most confidential software that you can pay with bitcoin

mullvad internet

MullVad VPN is another very popular VPN with payment options in cryptocurrencies such as Bitcoin or BCH. The particularity of MullVad is that you can register without giving your email, which further protects your identity on the internet.

Finally, the MullVad VPN is a Sweden-based VPN provider that uses industry standard AES-256 encryption and has over 800 servers in over 60 countries worldwide. MullVad costs €5 per month, and does not require a long-term commitment.

How to choose the right VPN for your cryptocurrencies?

When choosing a VPN to secure your cryptocurrency transactions, it is important to consider several aspects:

  1. Privacy Policy: Make sure the VPN you choose has a solid privacy policy. Look for a VPN that doesn't keep a history of your online activities. This helps ensure that your personal information is protected.
  2. Strong encryption: It is important to check what type of encryption the VPN uses. A good VPN uses strong encryption to keep your data safe.
  3. Server Locations: VPN servers are spread across different countries. It's important to be sure that the VPN you choose has servers in countries where cryptocurrencies are allowed. You can then bypass geographic restrictions if necessary.
  4. Connection speed: A good VPN offers fast connection speeds. When trading cryptocurrencies, it is essential to have a stable and fast internet connection to avoid delays and performance issues.
  5. Customer support: Choose a VPN that offers responsive and knowledgeable customer support. In the event of a problem or question, it is important to be able to count on quality assistance.

Conclusion on VPNs

Using a VPN to secure your cryptocurrency transactions is a measure of security essential. A VPN lets you hide your IP address, encrypt your data, and keep your online activities private. You can choose different VPN providers like NordVPN that you pay in cryptocurrencies, for greater anonymity.

It strengthens your anonymity, bypasses geographic restrictions and provides additional protection against cyberattacks. When choosing a VPN, make sure you consider some essential things. This concerns privacy policy, encryption, server locations, connection speed and customer support. With the right precautions in place, you can trade cryptocurrencies safely and with complete peace of mind.

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Disclaimer: This is not investment advice. Always do your own research.

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