Want to make trading cryptocurrencies more secure? Or perhaps you need to access your Binance, Coinbase, or Bybit account while traveling through a country where your preferred platform is blocked. If so, you might want to give one of the VPNs on this "Best VPNs for crypto trading" list a try.
What is a VPN, though? VPN stands for “Virtual Private Network.” Simply put, it hides your IP address and encrypts your data so no one can track your location or activity online. When it comes to cryptocurrency trading, this surely is beneficial.
Nevertheless, not all VPNs support cryptocurrency transactions. Additionally, not all crypto-friendly VPNs may be a good choice. That’s why I've put together a list of VPNs that many traders consider to be among the best VPNs for cryptocurrency trading.
That being said, VPNs discussed in this article include:
However, before proceeding to the list of the best VPNs for cryptocurrency trading, let's take a closer look at the benefits of utilizing VPNs.
Why Use a VPN for Crypto Trading?
If you’re searching for the best VPN for crypto trading, you probably already have your reasons. However, let me break down the three main ones that make many crypto traders use VPNs.
First and foremost is anonymity. You see, cryptocurrencies are not fully anonymous, despite what many people think. They provide some privacy, but not complete anonymity. Hackers can still find out your location and identity by linking your crypto wallet address to your IP address. However, with the help of VPNs, you can hide your IP address.
As a side note, speaking of crypto wallets, you can also take an extra security measure by getting a hardware wallet like Ledger Nano X or Trezor Model T. Hardware wallets are not linked to the internet, thus, they cannot be hacked.
Now, another reason why many crypto traders use VPNs is to secure their internet traffic. Since a VPN encrypts your data, it makes your internet traffic scrambled, and, in turn, hard to decipher. Therefore, even if hackers manage to intercept your traffic, they won't be able to acquire your wallet's private keys or take control of your account. Of course, this reason comes hand in hand with anonymity.
Last but not least, VPNs are a great tool for dealing with geo-blocking. What is that? Well, let’s say that you’re a loyal user of Binance who decided to travel the world. While Binance is a global exchange, there are some countries where it cannot be used. Or, in other words, it is geo-blocked in that country.
So, since VPNs have servers all over the world, you can connect to one and trick the web into believing that you are in a country that does support the crypto exchange you’re trying to access. This way, you won’t have to worry about using another crypto exchange.
All in all, these are the main reasons why crypto traders use VPNs. However, another question is, "What it takes for a VPN to be dubbed as the best VPN for crypto trading?"
Things to Consider When Choosing the Best VPN for Crypto Trading
It might not appear simple to choose the best VPN for crypto trading at first. However, it becomes rather simple if you know what to look for in a VPN. The best crypto VPNs should be able to check off the following boxes:
- A variety of server locations. A great VPN should have many servers all over the world so you could bypass any geo-block.
- A kill switch. If your VPN connection drops, this fail-safe automatically disconnects you from the internet to prevent your data from being exposed.
- No-log policy. This one is about the fact that the VPN itself doesn’t keep track of your information and activity online, which would kind of beat the purpose of a VPN, right?
- Leak-proof. A great VPN should have leak protection, which would trigger in the event of a DNS, IPv6, or WebRTC leak that could result in your IP being exposed.
- Unlimited bandwidth. Bandwidth is the maximum quantity of data that a network can transfer, and, with crypto trading, you definitely need a lot of bandwidth.
- Military-grade encryption. Look out for VPNs that have at least AES 128 or 256-bit encryption. Otherwise, they will not be able to fully protect your data.
- Crypto payment support. If you’re searching for the best crypto VPN, paying for it using cryptocurrencies sounds pretty convenient.
So, now that you know the main points you should look out for, let’s see which VPN is the best VPN for cryptocurrency trading.