This is a common question from people who are just starting out cryptocurrency trading. And it is actually not a bad question! After all, we hear reports that the so-called crypto wallets, (the wallet for your crypto coins) can be hacked. In this article, we will explain how to work safely using a VPN service.
What is a VPN?
VPN stands for Virtual Private Network, the name by itself already reveals something. This network is meant to be private or anonymous on the internet. Why is this a good idea? Think of the internet as a big shopping center. When you arrange your crypto business online, you are actually entering a store. Outside of these stores there can always be criminals who want to rob you. Usually, the shop itself is well secured, so they wait for you until you come out or drive home again. A VPN disguises you, so that to the hackers and other crooks waiting outside the store, it doesn’t look like you’ve entered that store at all.
Is it a good idea to use a free VPN?
In other words, is it helpful to use a free disguise? There are two problems with this. First of all, can you trust a person who gives out disguises for free? Who says the VPN’s goal is not to gather as much information as possible and sell it to the highest bidder? A common rule here for free internet is: if you don’t have to pay for a product, then you (and your data) are the product. Second, how effective is a free disguise? Due to the widespread use of the free VPNs, many of the servers are known, they can often be used by everyone. Because of this you are often not really disguised. The IP address (the disguise) is known online as a commonly used disguise. So, nobody falls for that. A free VPN is therefore not recommended.
Use NordVPN! The use of a VPN is then useful, but a VPN for which you do not have to pay is not recommended. A safe and fast VPN that we can recommend is NordVPN. NordVPN is available for a few euros per month. This is a small investment in your online security, especially if you trade with bitcoins. Furthermore, NordVPN has no fewer than 5,400 servers in 59 countries. This gives you many options to visit websites from different countries. If you want to use their services, you will have your own IP address assigned just for you. So, you don’t share your ‘unique disguise’ with anyone else. This guarantees a good disguise. NordVPN can also be used on multiple devices. Thus, you can use it on your tablet, computer, work laptop and even your phone. In addition, they have a solid customer service full of experts in the field of online safety. To conclude, NordVPN is designed for ease of use, so it is easy to install, even if you have little knowledge of digital technology.