Tech-driven industries dominate the global market in 2023, with significant overlap between sectors. For instance, an increasing number of cryptocurrency traders utilize VPNs to encrypt their web traffic, safeguard data, and mitigate the risk of fund theft.
The VPN market represents a lucrative sector, valued at $44.6 billion in late 2022 and projected to reach $75.59 billion in four years. Similarly, the cryptocurrency market boasts a cumulative market cap valuation of $1.12 trillion, having recently surpassed $3 trillion.
But is a VPN necessary for secure crypto trading? Here’s our perspective on day trading and the potential benefits of VPN usage!
Table of Contents
How Can VPNs Help With This?
#1 Access to exchanges with geographical restrictions
Certain countries may prohibit or restrict specific exchanges due to government regulations or copyright concerns. This may hinder access and trading on the exchange for users in those nations.
To bypass these limitations, one can route their internet traffic through a different server located in a region where the exchange is not prohibited. This enables more trading options and the potential to capitalize on otherwise inaccessible opportunities.
However, it is important to note that some exchanges have security measures in place to identify and block VPN traffic. Additionally, using a VPN to access an exchange may be illegal in certain countries.
Therefore, it is crucial to familiarize yourself with any local rules and restrictions before utilizing a VPN.
#2 ISP tracking protection
Internet service providers (ISPs) technically can track and log all online traffic passing through their systems. Although not every detail of a user’s day trading activities may be accessible to ISPs, they can at least see which exchange is being accessed and how much data is being used on the site.
However, since VPNs encrypt crypto trades and all other data, ISPs will only see the IP address of the VPN server. Additionally, advanced crypto users who execute trades may consume a significant amount of data, potentially causing ISPs to throttle their connections.
A crypto VPN conceals a user’s data consumption, making it impossible to target high-volume crypto traders.
#3 Secure your trading activity
VPN secure connection encrypts and routes your internet traffic through a secure server, making it harder for anyone to intercept or read your data.
This is especially useful if you worry about the security of your trading activity and want to VPN secure your network from potential threats.
When trading on a foreign exchange, utilizing a VPN can safeguard your connection and make it more challenging for hackers to intercept your communications.
Is VPN secure? Yes, it significantly increases the network’s resistance to various cyber threats. Although you may need to figure out a little bit about how a VPN secure network is and some settings, it will quickly pay off in improved cybersecurity.
For secure crypto trading, you need a VPN in any case, as it offers unique advantages that a proxy or tor does not provide. For example, traffic encryption or phishing protection.
Remember, no security method is flawless, so it’s always wise to take extra precautions like using strong passwords and keeping your software and gadgets up-to-date.
Additionally, choosing a reputable and trustworthy VPN provider is crucial, as some VPNs may not provide the level of security and anonymity they claim.
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#4 Prevent throttling
Sometimes, internet service providers (ISPs) may have issues with the amount of bandwidth or data customers consume. If they are dissatisfied, they can throttle your connection, significantly reducing your internet speed.
The purpose of this is to discourage internet usage and compel people to limit their bandwidth consumption.
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However, by connecting to the top VPN available, you can prevent ISPs from accessing this information. They will only be able to see the VPN server you are connected to, ensuring your speeds remain stable and fast.
#5 Phishing protection
More than 80% of reported security incidents can be attributed to phishing attacks. These attacks, increasing annually, pose a significant threat to individuals, resulting in the theft of investments and even cryptocurrency by hackers.
Phishing takes various forms, such as spam emails, fake giveaways, and spoofed exchange platforms, contributing to its pervasiveness and sophistication. Understandably, these frequent and well-crafted attacks often lead to victimization.
Although a VPN cannot directly prevent phishing, it typically includes a blocklist feature to deter inadvertent visits to phishing websites. Considering that most phishing websites are associated with stock trading or cryptocurrency, this convenient feature can save you considerable hassle and stress.
#6 Protection when using public Wi-Fi networks
One of the important reasons why you need a VPN secure connection is the risks associated with public Wi-Fi networks. Is a VPN secure on public Wi-Fi?
Yes, it encrypts the data, meaning it is not transmitted in clear text. Hackers will not be able to see the content you transmit. Considering that VPN secure download for PC is available to everyone, there is no reason to refuse this protection.
Conclusion
VPN offers a number of advantages for both the cryptocurrency market and the stock market. This is a guarantee of protection against various threats, data protection, and the ability to trade even on those exchanges that are not available in your region.
