VPN is very needy for your Bitcoin Trading

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If you trade cryptocurrencies such as Bitcoin, you put your investments on the line. Unlike traditional banking practices, you have virtually no guarantees to protect your assets. This means that you can lose everything at any time against hackers or human error, without any recourse.

If you want to protect your Bitcoin, it’s advantageous to have a virtual private network (VPN), which forms a privacy shield on your Internet connection.

So how do you protect your Bitcoin with a VPN? What are the privacy benefits of this software? In this article, we will give you the answers.

Introducing cryptocurrencies

If you are new to cryptocurrencies, then in simple terms, it is virtual money. Although they technically work as fiduciary currencies (dollars, yen, euros), you cannot use them in the physical sense. There are no Bitcoin or Ethereum notes to withdraw and spend.

You can buy and sell Bitcoins on virtual exchanges and store them in online or standalone hardware wallets.

Speculating on Bitcoin prices

Predicting the price of Bitcoin (BTC) is a dangerous business with millions of traders looking to profit by speculating about its rise or fall.

According to Nigel Green, CEO and founder of the DeVere Group, Bitcoin prices may well “skyrocket before the end of 2020”.

“Like gold, Bitcoin can be expected to retain its value or even grow in value when other assets fall. There is a growing sense that we are going to have a similar mini-boom at the end of 2017,” says Nigel Green.

Protecting Your Crypto Investments

Since Bitcoin and other cryptocurrencies are not controlled or regulated by a currency authority, you need to protect your devices independently. Otherwise, your investments are vulnerable to hackers and malware attacks. Recently, a DForce hacker broke into their China-based system and stole $25 million in cryptocurrencies.

Read the technical description of this attack here.

Not Your Keys, Not Your Money
From time to time individuals and exchanges lost money due to the activity of hacking. While these threats continue, you can increase your online privacy with a VPN that hides your IP address and hides your device’s location.

Keep in mind that if hackers access your Bitcoin wallet, there is currently no regulatory agency to intervene on your be because of you. So if someone succeeds in stealing your Bitcoin, it’s no longer yours.

What is Bitcoin Trading?

Cryptocurrencies such as Bitcoin and Ethereum are de-central assets and are not regulated by a central authority such as a bank or government.

When a trade occurs, it is confirmed on a blockchain network that is a digital ledger technology (DLT) that stores your data on thousands of independent servers.

Blockchain make it harder for hackers to play games in the ledger because all transactions are transparent.

Protecting Your Bitcoin Wallet
Many traders keep their assets in online wallets and access them with a private key. If you forget this key, there is currently no way to get it back, so your Internet security is very important.

In simple words, a private key is your crypto password – a way to identify you as the real owners. When the crypto field says “it’s not your keys, it’s not your coins,” it’s a reference to your private key.

Using a VPN for Bitcoin Trading

A VPN hides your IP address, inuring out more anonymity online. Because it encrypts your Internet connection to an external server, you can trade more securely with one of them, as it ensures that your data is secure.

Fortunately for Bitcoin traders, most crypto exchanges use HTTPS end-to-end encryption, so hackers can’t capture your data that way unless your device is exposed to critical vulnerabilities.

What a VPN does is anonym your online activity by adding an extra layer of security.

Circumvent crypto geo-restrictions

You can also access geo-restricted crypto exchanges with a VPN by leading your IP address to overseas locations.

For example, let’s say that you are in Delhi, India and want to access a crypto exchange in New York. You can change your IP address to an American address and trade as if you were living in the United States.

You can also do this when trading with a VPN, making sure you don’t leave a trail online.

Protecting Your Financial Privacy

If you are trading cryptocurrencies, you already know that there is little or no legal protection, even if you have been attacked by treacherous apps.

Ultimately, it’s up to you to protect your online wallet. If you’re using a VPN, you can trade more confidently, knowing you have an additional layer of security.

If you are a Bitcoin trader, it makes sense to use a record-keeping VPN and, even better, a VPN that supports payments in cryptocurrencies.

While most exchanges are encrypted, you can protect your assets with a VPN, much more efficiently without a VPN.

If you want to protect your Internet privacy when trading on crypto exchanges, you can use Namecheap’s VPN software for free for a month. Namecheap PayPal bitcoin payment method in addition to The New Year, Visa, Mastercard and American Express.

The post VPN is very needy for your Bitcoin Trading appeared first on Easi Solve - Essentials Solutions by Shayan Ahmed



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