Why you should use a VPN for cryptocurrency trading

in #blockchain5 years ago


Cryptocurrencies are encrypted, but that’s not to say that the market is necessarily safe to navigate. Reported cases of hackers stealing wallet keys and/ or directly from wallets are ubiquitous, and one way to patch security gaps along your internet connections is using a VPN. 

A VPN encrypts your internet connectivity and routes it through the VPN server before you can get access to the internet. This encryption also guards your data against prying eyes such as hackers by jumbling up your internet traffic so there is no way to tease out important information like passwords, email addresses, and account logins from it. 

Why use VPN in cryptocurrency trading?

Reasons why you should use a VPN in cryptocurrency include:

  • VPN encrypts your information, rendering interception impossible
  • You can trade from anywhere in the world. A VPN unblocks a geo-blocked site since the VPN routes your connection via a remote server.
  • Since certain cryptocurrency platforms ask for your identifying information and bank information, the VPN protects your data from hackers.
  • Some countries have banned the cryptocurrencies, and the use of a VPN will help by changing your IP address and masking your real one. This also implies that your PC location will not be overtly linked to your cryptocurrency address.

ExpressVPN and HP Team

ExpressVPN and HP have teamed up to provide HP users with pre-installed express VPN protection on selected new consumer PCs. The new HP Spectre x360 13 customers will get a free 30-day trial, which will enable the PC owners to access any Express VPN apps.

Never consider free VPNs, no matter how tempting it might be. Free things always have a catch, and free VPNs make money by selling the very data they purport to protect. There has been a surge in the use of VPNs, as most people have realized the need to protect their digital data.

GlobalWebIndex is a survey opines that at least 30% of internet users in the past one month have made use of VPNs. The VPN market globally will grow by an approximated 50% from a possible $23.6 billion in 2019 to almost $36 billion in 2022.

As consumers become increasingly aware of the need to protect themselves, device manufacturers are also starting to recognize the need for pre-installation.

Conclusion

Cryptocurrency thrives on encryption, and adding a layer of encryption helps to keep your data and coins safe. In as much as a blockchain system is secure, anonymous, and transparent, it has loopholes that hackers can use. You can never have too much security. VPNs are slowly becoming more popular for securing cryptocurrency transactions in addition to other activities.



Posted from my blog with SteemPress : https://cryptostocksreviews.org/why-you-should-use-a-vpn-for-cryptocurrency-trading/news/
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