VPN is quite well known for its security and reliability for some forex traders. But is it also applicable for crypto transactions? What are the best VPNs for crypto?

Some people think that VPN is just a tool to protect them from hacker attacks when they're connected to the internet using a public network. But this isn't the 2000s anymore.

Threats to your internet security may come not only from using a non-encrypted public network, or internet cafe or from using neglected floppy disks together with your friends.

In the crypto world today, the benefits that you can get from using a VPN for secure connections have been significantly expanded as technology and security innovations are growing in use and urgency.

VPN for crypto transactions

Digital transactions have been gaining momentum worldwide when more and more people rely on digital wallets, online shops, online bookings, and digital payments, among other things, to do their business and day-to-day transactions. According to Statista, the total digital transactions in 2022 have reached US$8.49 trillion by August, with a projected average growth of 12.31% annually until at least 2027. Around 47% of all commerce and trade transactions worldwide are conducted digitally, resulting in what experts call "the great digital wave of the 21st century".

Cryptocurrency, after the inception of the alpha currency Bitcoin in 2009, has been the new prima donna in the investment world. Crypto, in all of its forms and platforms, has gained bigger and bigger trust from the public as the best investment instrument, even better than gold and stocks.

A survey in January 2021 found that of 60,000 respondents, as high as 97% put their trust in cryptocurrency as the next digital currency, and the number 1 choice for new income source and investing. Individuals and corporations make their way into the world of crypto transactions and be a part of the new digital economy for at least the next few decades.

Different from gold, oil, or fiat money transaction that always involve intermediaries or banks, crypto transactions use the peer-to-peer method and get rid of the 3rd party as the intermediary. And as more and more people invest their money into crypto coins, tokens and platforms, security measures are kept up with better technology to protect the users from malicious attacks, fraud, scams, and—the most important one—privacy attacks.

That is why, although considered one of the most secure forms of digital transaction, crypto developers and experts have stressed the importance of using double, even triple security measures to protect your identity and money from potential attacks or malicious espionage

One way to do this is by using a VPN for every transaction.

 

But Why VPN?

Crypto, or blockchain to be exact, so far has the most secure and privacy-centric digital transaction method and mechanism. Using blockchain's latest technology to secure users' identity and transaction details, crypto transactions are favored for their main feature: to protect your identity, background, social status, or even geographical hash. Privacy is paramount in the crypto business. And by using a VPN in conducting these businesses, you can get extra protections to ease your mind.

Virtual Private Network (VPN) improves your crypto security in terms of privacy and identity protection. Yes, cryptocurrency transactions are not completely anonymous but rather pseudonymous. Every crypto transaction in the world is now protected by at least 3 layers of security and privacy measures: the blockchain itself, the Know Your Customer (KYC) and Anti-Money Laundering (AML) verifications on exchanges and wallets, and of course, the end-to-end encryption applied specifically by the platforms or apps. By adding a VPN into the mix, you can get an extra layer of protection to help you conduct transactions more securely, and more privately than ever.

A good VPN protects you from multiple security threats, including data trackers, personal ID breaches, digital currency thefts, phishing attackers, scams, government spying, and other malicious activities in the digital world. And since privacy is one of the fundamental rights a human being posses, keeping your privacy by using a VPN for crypto business is not a brainer anymore. And of course, you still can do it for the lowest cost possible or even for free.

To make it clear, here are some logical reasons behind the importance of using a VPN in the cryptocurrency business:

  1. VPN encrypts your data. So whatever you send through the network or blockchain, it contains a set of commands that protects your identity or personal details.
  2. VPN also protects from espionage, malware, phishing, and viruses.
  3. VPN hides your IP address. So when somebody tries to track who you are or where you live, they will find it more challenging to get through.
  4. VPN doesn't keep your log. So whatever you do in the commerce or exchange or the blockchain, the internet won't keep your personal-related log or any other hash that may contain your private information. In many cases, VPN also offers a so-called "kill switch" that will be triggered and wipe all your connections and temporary data when a potential attack or malicious activities are detected as dangerous to your network or device.

 

What Are the Best VPNs for Crypto Transaction?

To maintain security for your crypto transactions, here are some well-known and trusted VPNs that you can try and use to protect your privacy and data. You may find some others from around the web, but these are the most recommended ones that you can try and preview on your terms. Here are some of the best VPNs for crypto transactions, per August 2022:

 

NordVPN

Many crypto experts and enthusiasts have been confident in using NordVPN as their main VPN protection tool. It supports peer-to-peer protections and traffic security, and it has private-oriented streaming and digital transaction measures in place. While protecting your IP address, NordVPN also supports the kill-switch feature that enables you to terminate the connection altogether when potentially malicious data reaches your host device. Its notable features include:

  • Military-grade encryption system
  • Double VPN for various uses
  • Strict no-logs policy in place
  • DNS leak protection
  • 5,200 servers in over 60 countries
  • Lightning fast process
  • Protects up to 6 devices per account
  • Browser extensions
  • Automatic kill-switch
  • Dedicated IP address
  • Super easy to use

 

VPNArea

VPNArea operates out of Bulgaria. It has been around since 2021 and has gained more transactions in recent months. In addition to basic privacy protection features, VPNArea also offers a score of important features to level up your security and privacy protection. Some key features include:

  • No activity logs
  • More than 250 servers in 65 countries
  • AES-256-CBC encryption standard
  • DNS and IPv6 leak protections
  • Malicious ads and malware protections
  • DNS and IPv6 leak protections
  • Kill switch

 

TorGuard

Based in Orlando, US, TorGuard is also a favorite to many crypto experts, analysts, and traders. In addition to basic crypto protections, TorGuard offers security tools for beginners and experts alike. Here are some plus points for TorGuard VPN:

  • State-of-the-art encryption techs
  • 3,000 servers in 55+ countries (per August 2022)
  • Strict no-log and ID tracking policy
  • Perfect for privacy protection
  • Anti-ads and malware platforms
  • SSL VPN via OpenConnect, AnyConnect, and Stunnel
  • DNS leak protection
  • Automatic kill-switch
  • Stealth mode to bypass the DPI
  • Static IPs to assign as decoys

 

ExpressVPN

Based in the British Virgin Islands, ExpressVPN offers its wide-ranging privacy protection and digital transaction protection to protect you against potential government-linked or other types of malicious surveillance. It also has a great performance compared to some other services, and it suits everyday digital consumption in the world. Some key features are as follows:

  • Unblocks blocked websites
  • 3,000+ servers in 94 countries
  • OpenVPN, IKEv2, L2TP, SSTP, PPTP encryption
  • P2P traffic
  • Automatic kill-switch
  • Unlimited bandwidth and data
  • DNS and IPv6 leak protections
  • Simple to use

 

Mullvad

Mullvad is a Swedish-made VPN service that places privacy data protection in its cores. Although it doesn't have advanced features and displays, it keeps all your online activities safe and always secure 24/7, including crypto transactions. Its key features are:

  • No activity logs
  • No connection logs
  • AES-256-CBC encryption standard
  • DNS and IPv6 leak protections
  • Kill switch
  • Unlimited bandwidth

There are hundreds or maybe thousands of VPN services around the world. Before choosing one or two to trial with and to protect your data, beware of potential phishing attacks or fake VPNs that may offer bombastic features or freebies to take control of your data. Download and install VPNs only from trusted sources or study some through online forums or communities.

Privacy and anonymity are very important parts of your digital freedom and security. And with all that they can offer, VPNs are still the best way to protect your privacy, and of course, your money from potential surveillance and personal data theft.

Crypto transactions use high-end cryptography at their core to make sure that every transaction is conducted in the most secure channel using the most private and secure digital chain. And when these are currently the best ways to protect you online, it is fully up to you to build your security measures first, then use these features as a multi-layered shield from online threads. Be safe from the start of your click, and trust only what has been proven secure and standardized. It also doesn't hurt to implement additional measures by securing your crypto account effectively.