Cryptocurrency offers privacy, as it is a virtually untraceable payment method. The technology supporting these currencies is highly secure, which is another draw for those interested in cryptocurrency trading.
Cryptocurrency trading is the practice of trading one cryptocurrency for another. People use this form of trade to enhance their crypto-wealth by making the correct market decisions. There are two types of trading in the crypto world: centralized and decentralized exchanges.
Centralized exchanges allow for the storage and purchase of currencies, while decentralized eliminate the “go-between” when exchanging or trading cryptocurrency. Given the sensitive financial nature of these exchanges, security is paramount.
While most cryptocurrency trading exchanges are safe, there is always the opportunity for a malicious hacker to take advantage of any vulnerability. Those delving into cryptocurrency trading should consider taking advanced security measures to protect themselves from a breach.
One major way to protect yourself is to encrypt your data using a Virtual Private Network (VPN). A VPN will also provide an extra layer of privacy by protecting your IP address from exposure. There are several aspects to consider when choosing the best VPN for crypto trading needs.
What Is The Logging Policy Of The VPN Provider?
As privacy is the main concern for crypto traders, the thought of detailed traffic logs is quite frightening. Some VPN providers even keep logs and exchange the data for financial gain. Others may turn the logs over at the request of a government agency.
Avoid “free” VPN services as many of them obtain funding by selling off log data. If you need a VPN to protect your privacy, it is worth the investment to choose one that may cost more upfront but keeps your information safe.
Regardless of the reasoning, sharing your data runs contrary to the purpose of using a VPN. Find a VPN that guarantees it keeps no data. A zero-logging policy is the only way to assure your browsing information is not shareable.
Where Is The VPN Registered?
VPN providers often offer servers located in a variety of countries. This can provide users the opportunity to avoid geo-restrictions or get closer to a gaming server. It is important to know where these VPN servers are located, as certain countries respect web privacy more than others.
There are many countries well known for their interest in viewing citizens’ online behavior. This can render privacy policies useless and force VPN providers to keep or provide logs to government agencies. Research privacy-friendly countries and locate a VPN registered in one of them.
What Traffic Restrictions Does The VPN Impose?
ISP throttling is one of the most frustrating things anyone connected to the internet can experience. This behavior is usually carried out when an ISP needs to restrict bandwidth to provide others with better speeds. Streamers and gamers fall victim to this practice, leading to poor experiences.
Unfortunately, some VPN providers will also restrict traffic in this way. Investigate the policy on traffic restrictions before committing to a VPN. Some have caps on bandwidth while others use automatic filters for peer-to-peer networks. This can limit the performance of your internet while using the VPN.
How Important Is Speed?
If you find yourself frequently gaming or streaming videos, choosing a VPN that focuses on improving connection speed might be important. The basic functions of a VPN (data encryption and funneling through servers around the globe) lend themselves to slower connections.
There are VPN providers that focus on improving the speed and performance of their connections. This could prove invaluable if cryptocurrency trading is just one of many uses for the VPN.
It is always better to perform a quick speed test before and when using your VPN on https://www.speedcheck.org/
What Payment Options Are Available?
Most people seeking a VPN are doing so for the benefit of privacy protection. If this is the case, then consider finding a VPN that accepts cryptocurrency like Bitcoin for payment.
A VPN focused on a high-level of privacy should understand that paying with a credit card could divulge more information that customers are comfortable with. Using cryptocurrency eliminates the invasive step providing a billing address and other personal information.
Make An Educated Choice
Cryptocurrency trading can be a very lucrative pastime. Protecting your privacy and data security is essential when trading these currencies. Finding a great VPN provider with excellent service is as simple as asking these five questions before committing.