Cryptocurrency exchanges have gained popularity, but not all of them are available to everyone. Some countries have strict cryptocurrency trading restrictions, which might result in certain exchanges being banned or prohibited to use. This can be difficult if you want to access a wider range of coins and trading pairs.
A VPN can be a useful tool for cryptocurrency traders. By hiding your IP address and encrypting your internet traffic, a VPN allows you to bypass geo-restrictions and access blocked exchanges. This blog explains how you can unlock and trade on any exchange no matter where you are living or traveling to.
Why are Crypto Exchanges Banned in Certain Countries?
Governments frequently restrict cryptocurrency exchanges due to concerns about financial stability and safety. Cryptocurrencies work outside of the traditional banking system, making it harder for governments to regulate and oversee transactions. This raises concerns about money laundering, tax fraud, and possible market manipulation.
And some countries are working on creating their digital currencies, considering private cryptocurrencies as a risk to national security. To promote their digital currencies and maintain financial control, any government can ban or highly restrict private cryptocurrency exchange.
Why Do You Need a VPN While Trading Online?
Using a VPN is important for online trading because it encrypts your internet connection and protects sensitive data such as login passwords and bank information from criminals. It also hides your location, prevents targeted attacks, ensures secure access to trading platforms on public networks, and protects your online assets.
How Does a VPN Help to Trade Crypto in Other Countries?
A VPN allows international cryptocurrency trading by bypassing geo-restrictions and accessing exchanges only available in specific locations. The main features of a crypto VPN include:
Enhanced Security
A solid VPN protects sensitive data with strong security protocols, making it impossible for hackers to access your online activity.
Privacy Protection
By hiding your IP address, a VPN can help you maintain your online privacy and security.
Get Around Geo-Restrictions
A VPN connects you to servers in multiple countries, allowing you to access cryptocurrency exchanges and sites that might be blocked in your region.
Secure Public WiFi
If you are trading using public WiFi, a VPN can assist protect your connection from potential threats such as hackers and data breaches.
What Are Cryptocurrency Exchanges?
Cryptocurrency exchanges are online platforms that allow you to buy, sell, and trade different digital currencies. They act as cryptocurrency markets, enabling transactions between buyers and sellers.
Top 10 Cryptocurrency Exchanges
Binance, one of the world’s largest exchanges, is impacted by regulatory restrictions in multiple regions. The US government restricts its activities through a subsidiary.
Where is it restricted? Some states, including Texas and New York, ban access to Binance. Other banned countries include the Canada, China, Phillipines, Netherlands, Germany, UK, Singapore
Bybit is a major cryptocurrency exchange most famous for its derivatives trading platform. It has an easy-to-use interface and a wide range of trading options, including clearly labeled limit, market, and conditional orders.
Where is it restricted? Bybit is banned in the USA, UK, China, Hong Kong, Singapore, North Korea, Cuba, Iran, UzbekIstan, Russia, Ukraine, and Ontario in Canada with further limits in Ontario due to regulatory guidelines.
Kraken is a safe and legal cryptocurrency exchange that offers a broad range of assets and a sophisticated trading platform.
Where is it restricted? While Kraken operates within more than 190 countries, it is restricted in Afghanistan, Central African Republic, Congo-Brazzaville, Eritrea, Congo-Kinshasa, Guinea-Bissau, Cuba, Lebanon, Iran, Mali, Iraq, Namibia, Libya, Somalia, North Korea, South Sudan, Syria, Sudan, Tajikistan and Yemen, New York, Washington, Russia.
Coinbase, a publicly owned US firm, is available in over 100 countries but does not operate in Japan, China, or many Middle Eastern and African governments.
Where is it restricted? It is not available in Afghanistan, Albania, Belarus, Central African Republic, China, Cuba, Democratic Republic of the Congo, Ethiopia, Hong Kong, Iran, Iraq, Lebanon, Libya, Mali, Myanmar (Burma), Nicaragua, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, Turkey, Ukraine, Venezuela, Yemen, or Zimbabwe due to regulatory compliance.
Where is it restricted? This growing exchange provides a global audience but limits services in China, Pakistan, Bangladesh, Kazakhstan, United Kingdom and Iran since its high-leverage derivatives trading is not in accordance with local regulations.
KuCoin limits users from several countries due to specific laws and global sanctions.
Where is it restricted? If you are living in the US, mainland China, Hong Kong, Singapore, Thailand, Malaysia, and Ontario of Canada, you can still access restricted services via VPN but without the same level of security as in supported countries.
Huobi Global, a renowned cryptocurrency exchange, provides a wide range of trading solutions.
Where is it restricted? Countries such as Mainland China, Hong Kong, China, Macao, Cuba, United States of America, Iran, Canada, North Korea, Japan, Sudan, Syria, Venezuela, Singapore, Crimea (Russian-annexed), Russian Federation, United Kingdom, Democratic Republic of the Congo, Vanuatu, Uganda, Turkey, Trinidad and Tobago, Panama, Pakistan, Nicaragua, Mali, Jamaica, Haiti, Guinea-Bissau, Ghana, Germany, Central African Republic, Cambodia, Barbados, Bahamas, Albania, Palau, Syrian Arab Republic, Belarus, Bolivia, Ecuador, Kyrgyzstan impose restrictions on derivative trading.
Bitfinex, a professional-grade cryptocurrency exchange, provides an extensive variety of trading pairs and unique features.
Where is it restricted? Despite its reputation for high liquidity and low prices, it is restricted in the Iran, North Korea, Cuba, Syria, Crimea, Donetsk People’s Republic and the self-proclaimed Luhansk People’s Republic. U.S. citizens, citizens or residents of Canada, the British Virgin Islands, the Government of Venezuela and residents of Austria or Italy due to regulatory concerns and previous problems.
Where is it restricted? BitMart provides global access but restricts services in the Afghanistan, China, Congo, the Democratic People’s Republic of Korea (DPRK), Eritrea, Iran, Iraq, Ivory Coast, Japan, Kyrgyzstan, Lebanon, Libya, Sudan and South Sudan, Connecticut, Georgia, Hawaii, New Mexico, New York, Washington because of licensing and regulatory requirements, particularly for its DeFi features and crypto-to-fiat services.
Where is it restricted? Its high-leverage products demand scrutiny, particularly in countries with tight derivative restrictions, such as Canada (Ontario), Crimea, Cuba, Hong Kong, Iran, North Korea, Singapore, Sudan, Syria, and the United States.
How to Use a VPN to Buy Cryptocurrency in Other Countries
Here’s how to use a VPN for crypto trading and unblock any cryptocurrency exchange.
- Choose a Reliable VPN Provider
- Look for a VPN provider with a good reputation and a global server network.
- Consider speed, security, and privacy before making your decision.
- Download and Install the VPN Application
- Download the VPN app from the provider’s website or app store, then follow the installation instructions.
- Connect to a Server In a Supported Region
- Once the VPN is set up, connect to a server in a country where the desired cryptocurrency exchange is available.
- This hides your IP address and makes it look like you are browsing from another location.
Frequently Asked Questions
A VPN not only encrypts your internet connection but also hides your real IP address behind an untraceable anonymous address. This allows you to keep your transactions private and secure while also spoofing your location, allowing you to access crypto trading sites that are not accessible due to regional restrictions.
Yes, you can. A VPN can be used to unlock and access Binance, Coinbase, Kraken, or any other cryptocurrency asset. You can also use a VPN to hide your IP address and secure your online transactions, making it impossible for hackers to acquire your private keys or determine your true identity.
When you trade stocks online, you are sharing extremely sensitive information over the internet. This includes your private data, account information, and trading processes. A VPN encrypts all of this data, making it almost impossible for hackers or other bad actors to intercept and decipher.
In Summary
Using a VPN for cryptocurrency trading is an effective way to improve security, protect your privacy, and unlock multiple exchanges around the world. A VPN allows you to get around geo-restrictions and protect important information from hackers, resulting in a safer trading experience regardless of location.
