Connections via VPN can certainly improve the security of transactions, but only as regards the aspect of privacy. It is known, in fact, that Bitcoin and other cryptocurrencies (with the exception of private ones) are not completely anonymous, but pseudo-anonymous. KYC / AML's quality and anti-money laundering checks make it easy enough to track users' financial transactions. After all, every transaction is stored in a distributed public registry, and every user leaves an IP footprint in cryptocurrency exchanges and other services they use. It is important to underline that we are talking about coded traces that do not directly concern the personal data of the connected users, but from which you can trace some information on the owner of the network from which you connect to the blockchain.
What is a VPN
A VPN with optimized privacy protection settings is certainly an aid in defending ourselves from anyone who wants to track our actions, whether they are hackers, government agencies, or attackers in any capacity. It is now a fact that privacy is one of the fundamental human rights of civilized peoples. Nobody can steal money that is impossible to know about, which is why privacy is the maximum security measure applicable.
In reality, crypto-security is already of a high standard thanks to end-to-end encryption, and the risk that the contents of our transactions are intercepted is very low, unless our devices have critical points or security flaws. . A VPN service adds an additional layer of protection that makes web interactions even safer.
In summary, the key reasons why we recommend using a VPN when working with cryptocurrencies are as follows:
- Data sent over the web is encrypted, making interception more difficult.
- The level of security against malware, viruses and phishing attempts has increased.
- Your IP address is changed and this avoids being tracked by hackers, governments, forensic analysis companies, so that you can buy and sell cryptocurrencies in complete anonymity (if you avoid controlled transactions with KYC / AML).
- A particularly privacy-conscious VPN does not use registers, and therefore does not have the ability to collect data, and uses the kill-switch function, whereby the computer interrupts the Internet connection at the same time it is turned off, even accidentally.
Which VPN is best suited for cryptocurrency transactions?
There is a flood of VPN providers, and obviously not all providers are equally reliable, especially when it comes to privacy and security. It is strongly advisable to opt for a privacy-oriented VPN, which does not use registries and has the kill-switch option. Also check that you support providers and applications that accept cryptocurrency payments. When used properly, a privacy-oriented VPN becomes an unbeatable tool for your security. Don't give in to the temptation of free VPNs for your crypto business, as they are very likely to sell your private data to get subsidized.