Over the years, the adoption of cryptocurrencies like Bitcoin and Ethereum has been on the rise. It’s not surprising, considering there are ample opportunities to earn an income, and the technology behind them, known as the blockchain, offers greater privacy.
If you’re dabbling in the world of digital currencies, you might be wondering: do I really need a VPN for crypto trading? Well, you’ve got plenty of reasons to use one! For starters, you’ll be able to access online exchanges blocked in your country.
You can also increase the security of your crypto transactions by taking advantage of a VPN’s encryption capabilities. These are just some of the many things VPNs can help crypto traders with. Read on to learn more.
Why Should You Use a VPN for Crypto Trading?
Here’s how a VPN makes your life easier when using cryptocurrencies:
Secures your crypto traffic
When you connect a VPN, it encrypts the data transferred between your device (smartphone, laptop) and a remote server. If you don’t know what encryption is, it’s basically a method to make your internet traffic difficult to decipher.
Why does that matter?
Allow us to explain:
You either use private or public Wi-Fi to conduct crypto transactions. These networks usually have WPA2 for security, which isn’t enough. Even its successor, WPA3, has serious vulnerabilities. And you won’t believe this – most public hotspots don’t offer any encryption, meaning your traffic can be intercepted by anybody to steal your trading platform credentials or wallet’s private keys. Fortunately, using a VPN leaves no loopholes for hackers to exploit!
Related Read: What is Encryption and How Does it Work?
Prevents IP Tracking
Contrary to popular belief, cryptocurrencies aren’t 100% anonymous. While they do provide a certain degree of privacy, you shouldn’t expect them to offer complete anonymity. You don’t have to take our word for it. Here’s what Bitcoin says on their website:
“Bitcoin is designed to allow its users to send and receive payments with an acceptable level of privacy as well as any other form of money. However, Bitcoin is not anonymous and cannot offer the same level of privacy as cash.”
Given that all transactions are public knowledge, it isn’t impossible to associate your Bitcoin address to your device’s IP address and find your real identity. With a VPN, you don’t have to worry about that as the server’s IP will be associated with your crypto activities instead.
Unlocks trading platforms
Depending on your location, you might not be able to access the trading platforms you want to use. For instance, the Chinese government has blocked all domestic and foreign exchanges in an effort to curb cryptocurrency trading within the country. Similarly, Binance (one of the largest crypto exchanges) no longer provides its services to US investors.
Related Read: How to Access Binance with a VPN in the US
A VPN lets you bypass censorship and geo-restrictions to unlock your desired trading platforms from anywhere in the world. You can get through to those platforms as you can make it appear as if you’re residing in a supported country. All you have to do is connect to a server where the exchange is available, and you’ll be able to access it easily. Furthermore, you can also trade region-specific cryptocurrencies by switching your virtual location via a VPN.
PureVPN – The Best VPN for Crypto Trading
If you’re in the market for a good cryptocurrency VPN service, look no further. Here’s why crypto traders should choose PureVPN:
With AES-256-bit encryption securing all your traffic, you can be sure that your crypto transactions are safe from cybercriminals.
WebRTC, DNS, and IPv6 leak protection keeps your real IP address from leaking when you engage in crypto trading activities.
Audited No-Logs Policy
Our no-logs policy is verified by two highly reputable independent third-party auditors. We can’t share what we don’t have!
Internet Kill Switch
This fail-safe feature prevents your crypto trading activities from being exposed if your VPN connection drops due to any reason.
Global Server Network
Unlock and trade on virtually any crypto exchange with unlimited access to 6,500+ servers in 140+ countries.
24/7 Customer Support
If you run into a snag while using PureVPN, fret not! Our customer support team is available round-the-clock via live chat or email.
List of Popular Crypto Exchanges
Do I Need a VPN for Coinbase?
Coinbase is available in 100+ countries across the world. If you want to access it from outside these supported regions, a VPN is your best bet.
Do I Need a VPN for Huobi?
Huobi is accessible in 130+ countries worldwide, excluding the US and China. To access the exchange from unavailable regions, you should get a VPN.
Do I Need a VPN for Kraken?
Kraken doesn’t offer its services in Tajikistan, Afghanistan, Syria, Congo-Brazzaville, North Korea, Congo-Kinshasa, Libya, Cuba, Iraq, and Iran. You’ll have to use a VPN to access it from these regions.
Do I Need a VPN for Bithumb?
Bithumb blocks trading in 11 countries, including Iraq, North Korea, and Iran. If you’re traveling or living in these regions, you won’t be able to access the exchange without a VPN.
Do I Need a VPN for KuCoin?
KuCoin is available in 100+ countries, excluding China and others. Using a VPN is the easiest way to access the platform from unsupported regions.
Do I Need a VPN for Bitfinex?
Bitfinex doesn’t offer its services to clients in Kyrgyzstan, Bangladesh, Ecuador, and Bolivia. You can’t access the exchange from these countries unless you use a VPN.
Do I Need a VPN for Poloniex?
Poloniex isn’t available to the citizens of Cuba, Iran, North Korea, Sudan, Syria, and the US. If you’re in these countries, you’ll have to use a VPN to access the exchange.
Do I Need a VPN for Bitstamp?
You may face difficulties in accessing Bitstamp from Russia, as the platform has been blocked a few times in the past. In this scenario, you’ll need a VPN to regain access.
Do I Need a VPN for FTX?
FTX doesn’t provide its services to the residents of North Korea, Syria, Iran, Crimea and Sevastopol, Cuba, and the US. A VPN will let you access and trade on the exchange from these countries.
Do I Need a VPN for OKEx?
OKEx is available in 100+ countries across the world, excluding the US. To access the platform from there, you’ll need a VPN.
Do I Need a VPN for Bittrex?
Bittrex blocks residents from Cuba, North Korea, Syria, Iran, and the Crimean region. If you’re in these countries, you won’t be able to access the exchange without a VPN.
Do I Need a VPN for Upbit?
Upbit doesn’t offer its services to residents of the US. You’ll have to use a VPN connection to access the platform from there.
Do I Need a VPN for Coinone?
Coinone is only available to traders in South Korea and (recently) Indonesia. If you want to access it from anywhere else, a VPN is your best bet.
Do I Need a VPN for Gate.io?
Gate.io isn’t accessible in countries like the US, China, Malaysia, and Canada, to name a few. With a VPN, you can access the platform from unsupported regions without any restrictions.
Do I Need a VPN for Gemini?
Gemini only supports crypto trading in Singapore, Hong Kong, Canada, and the US. You’ll need a VPN to access the exchange from unavailable countries.
Do I Need a VPN for ZB.com?
ZB.com doesn’t provide its services in China. If you want to access the platform from there, using a VPN is the easiest method.
Do I Need a VPN for eToro?
You won’t be able to access eToro from a number of countries, including Japan, Canada, Iran, and Sri Lanka. Setting up a VPN will allow you trade on eToro from unsupported regions.
Do I Need a VPN for HitBTC?
HitBTC isn’t available in the US, North Korea, Sudan, Crimea and Sevastopol, Cuba, and Syria. Using a VPN is the only way to access and trade on the exchange from these regions.
Do I Need a VPN for Yobit.net?
Yobit.net isn’t accessible to traders in China. To access the exchange from there, you’ll need to use a VPN connection.
Do I Need a VPN for Bitrue?
Bitrue doesn’t provide its services in China and the American states of New York or Texas. If you’re in these regions, you won’t be able to access the platform without a VPN.
Do I Need a VPN for Rain?
Rain is only available in the Middle Eastern countries, including Kuwait, Saudi Arabia, Oman, Bahrain, and the UAE. To access the exchange outside these regions, you’ll have to use a VPN.
Do I Need a VPN for Robinhood?
Robinhood is supported by most countries, excluding Syria, Cuba, Iran, Syria, North Korea, and the Crimea region of Ukraine. You’ll need a VPN to access and trade on the exchange from these regions.
Do I Need a VPN for Bybit?
Bybit isn’t available to traders in a number of countries, including the US, China, Singapore, North Korea, and Quebec (Canada). With a VPN, you can instantly access the platform from anywhere.
Do I Need a VPN for IDEX?
If you’re a resident of the state of New York (US), you won’t be able to access and trade on IDEX unless you connect to a VPN.
Do I Need a VPN for Deribit?
Deribit provides its services in most countries, excluding the US and Panama. You’ll only be able to access the platform from these regions using a VPN.
Do I Need a VPN for Paxful?
Paxful is inaccessible in a number of countries, including North Korea, Iran, Venezuela, Lebanon, and Republic of Congo. You’ll need a VPN to access the exchange from unsupported regions.
Do I Need a VPN for CITEX?
CITEZ isn’t supported in countries like the US, Japan, New Zealand, and Thailand. If you want to access the platform from anywhere, a VPN is the best way.
Do I Need a VPN for Binance?
Do I Need a VPN for BitREX?
If you’re in the US, you won’t be able to use BitREX’s services – unless you connect to a VPN on your device.