Nowadays, VPN services are required by crypto traders to stay secure online without geo-restrictions. Here's the best free VPN for crypto trading you should try.

VPN, which stands for Virtual Private Network, is a service that establishes a private connection on a public network. The purpose of doing so is to give the user privacy and let them surf the internet more securely. When surfing the web, users are often concerned about the safety of their data as there are plenty of fake exchanges or other fraudulent websites which can hack into your data and steal all your important information. This is especially an issue on public Wi-Fi networks which are unsecured and can be easily accessed by anyone in the vicinity.

best vpn for crypto trading

This is where a VPN comes in. A VPN hides your IP address by passing it through a remote tunnel that encrypts your data. Encrypting your data makes it impossible for anyone to read it. Your IP address will be changed to one of another country. Your internet provider and other parties won't be able to see what you're doing on the web and what data you're sending and receiving. This makes it impossible for hackers to access. Even if they do still somehow access this encrypted data, they won't be able to understand it as it won't make sense.

 

Benefits of VPN

There's obviously a reason why people use VPN. If explored thoroughly, here are some top benefits of using a VPN service:

 

1. Secure Encryption

If you use a VPN on your device, it will encrypt any data you send or receive. This makes it impossible for any third party or hacker to access your data. If they do still access it somehow, they wouldn't be able to decipher what the data means as it would be encrypted. This, therefore, keeps your data safe and secure when using a VPN.

 

2. Private IP Address

If you're using a VPN, your current location or IP address will become private and any website you access will not know where you're accessing them from. Your IP address will be changed to a random one in a foreign country. This random location is what everybody else will see and they won't know your actual location.

 

3. Access to More Content

Sometimes you'll notice that there are certain websites or apps that are banned in your country of residence. Hence, makes it impossible to access them without a VPN. With a VPN, your IP address will be changed to one in a foreign country which therefore allows you to access more content that would have been previously banned for you.

 

What is Crypto Trading

Crypto trading refers to trading cryptocurrencies for other assets such as regular money or other cryptocurrencies. It is also referred to as using cryptocurrencies to buy products or services you would otherwise buy with regular money. Cryptocurrency is a digital asset that is distributed from one computer system to the other, so it does not have any physical form.

Crypto trading has gone from being a minimally used digital asset to now becoming one of the biggest types of currency for trading goods and services. Not to mention there are a lot of brokers that accept crypto payments nowadays. In the last two years alone, the use of crypto trading has increased ten-fold and is not slowing down any time soon.

 

Why You Need a VPN for Crypto Trading

Since crypto trading has become increasingly popular in recent years, cyberattacks also become more common. Hackers are waiting for every opportunity to hack into your server and steal your crypto assets. It is therefore extremely important to keep your data as secure as possible. 

With so much money at stake, who knows the lengths these hackers would go to in order to steal your assets. The worst part is, if you're somehow hacked, it's nearly impossible to get your crypto assets back as there is no centralized system of control for these assets. Unless you want to pay thousands to hire people to recover your coins, a VPN would be extremely beneficial in making your network safe and secure enough to trade cryptocurrencies with no fear of being hacked.

 

What is Proton VPN?

Proton VPN is the world's first community-supported VPN service. This software was fully funded by the community who wanted a service that give protection like no other.

Proton VPN was built in order to provide much-needed secure space in a world where any data is publicly available online. They wanted to create a space where their users would once again feel safe and secure that their data won't be leaked to the public. Proton VPN is the best free VPN for crypto trading due to some of its features which will be discussed in more detail below:

 

Benefits of Proton VPN for Crypto Trading

It's important to note that a free VPN service can't provide the same amount of benefits as a paid VPN service can. However, Proton VPN comes really close to matching up to some top-paid services. Crypto traders around the world prefer Proton VPN for their security for a reason after all. Here are some benefits of Proton VPN:

 

No Logging
Proton VPN does not log your data. What this means is they don't store your data when it's getting transferred through their network. Your data will get transferred securely with no worries.

 

Unlock Platforms
Some countries have banned cryptocurrency trading. Meanwhile, other countries only have limited platforms that are available to trade these valuable assets. With Proton VPN, your IP address will be changed to a foreign country so you can access more different crypto platforms.

 

Fast Speed
With crypto trading, it is really important to have a fast internet connection due to the constant fluctuation of market prices. It is really hard to find a free VPN that also provides a fast internet speed. With Proton VPN, you will have access to up to 10Gbps of internet speed which is more than enough for your crypto trading.

 

Besides good VPN service, you should also consider trading on a secure platform like eToro to enhance your crypto trading journey.