The existence of blockchain, cryptocurrencies, and other Web3 assets is impossible without exchanging data via the internet. Blockchain is a transparent and secure technology, but it is not without vulnerabilities that attackers can exploit. Therefore, if you have digital assets, we recommend protecting your cryptocurrency operations on crypto exchanges and in DeFi tools using a VPN.
What is VPN on Blockchain?
For protecting cryptocurrencies, blockchain VPN technology is used-this is a virtual private network through which digital assets can be transmitted, such as cryptocurrencies, NFTs (non-fungible tokens), and DeFi (decentralized finance). VPN for Crypto https://noprox.com will provide an additional level of protection for transactions for both advanced crypto traders and newcomers to the Web3 world. Attackers will not be able to hack your crypto wallet and steal your digital assets because VPN technology encrypts all traffic transmitted over the virtual network.
Why Is It Important to Protect Crypto Transactions with VPN?
Blockchain platforms where cryptocurrencies are traded protect traders’ digital assets using cryptography, but nevertheless do not ensure their complete security. One of the advantages of trading on blockchain in DeFi is the complete anonymity and transparency of all transactions: to trade assets, a user only needs a wallet address-no personal data. However, the blockchain technology itself is structured in such a way that all operations on the platform are tracked-and attackers can exploit this.
How Can Cybercriminals Obtain Your Data?
They track the trader’s real IP address via the wallet address to learn their name and physical address.
They organize fake contests or fake airdrops to obtain participants’ personal data.
They install malicious software on the user’s device that deploys data collection software in the victim’s system, steals seed phrases for non-custodial wallets, or replaces the wallet address during copy-paste operations.
Advantages of VPN Services for Crypto Users
No matter your experience in crypto, VPN technology will open up many advantages for you. A virtual private network redirects all user traffic through anonymous servers, hiding identification data from prying eyes. Here are just a few main reasons to use VPN technology on a crypto exchange.
The Entire World of Trading Is Open to You
The circulation of cryptocurrencies and other digital assets is regulated by national legislation, the norms of which can vary significantly in different countries. In some countries, such as China, Nepal, and Ecuador, cryptocurrency trading is prohibited. In others, access to certain cryptocurrency exchanges may be restricted-for example, US citizens cannot trade on Binance. And where crypto trading is allowed, exchanges may offer different services depending on the user’s location. But since VPN redirects your requests from one IP address to another located in a different region, you can trade digital assets from anywhere.
Online Traffic Is Encrypted
Despite the fact that deals on a crypto exchange are considered anonymous (since theoretically they are linked only to the crypto wallet address), in reality, the IP address of the trader can be traced via the deal. That is, users are not protected from hacking. But since VPN encrypts all traffic and hides the real IP address of the crypto wallet owner, using this technology when making transactions with digital assets significantly increases their security as well as the security and anonymity of the wallet owner.
Your Internet Provider Will Learn Nothing About Your Activity
Any provider has technical means to track and log traffic
going through their systems. Of course, they cannot learn all the details of your cryptocurrency deals, but figuring out which exchanges you trade on and how much traffic you transmit is well within their capabilities. VPN services encrypt all data about your deals and other operations on the blockchain platform, and the internet provider will only see the IP address of the VPN server. For transactions, advanced traders can generate large streams of traffic-in such cases, some providers limit the volume of transmitted data. VPN technology will not allow the provider to learn which sites your traffic is going to and interfere with large-scale trading.
Firewalls Are Not an Obstacle
For those who make many deals on cryptocurrency exchanges, access to the trading platform must always be available. However, some organizations where you work or study block access to such sites using a firewall. Try connecting to a crypto exchange via a VPN service-it will not only hide your IP address but also allow you to bypass the firewall. Having constant access to the exchange, traders can monitor the price dynamics of volatile cryptocurrencies and respond to changes in a timely manner, without risking their finances.
How to Choose the Right VPN Service
VPN for working with cryptocurrency is a successful investment in the Web3 world, and for those who own or manage large volumes of cryptocurrency, it is a necessary investment. But how to choose the best VPN service for cryptocurrency trading from the multitude of offers available on the market? Here’s what to pay attention to.
Availability of reliable encryption protocols: OpenVPN, Outline, WireGuard, Shadowsocks, and other protocols that use military-grade encryption-AES-256
Effective technical support
Kill switch protection (when the VPN connection breaks, the device disconnects from the network)
No logging (the service does not store your data and therefore cannot transmit it to third parties)
Traffic obfuscation (VPN traffic is indistinguishable from regular traffic)
When choosing a VPN service, don’t forget that the best offers are most often available by subscription. Paid solutions differ from free ones with a higher level of service and, consequently, increased security and reliability. For myself, I chose the NoProx VPN https://noprox.com service, which supports multiple protocols and allows me to protect all devices.
Protecting Digital Assets with VPN
No matter how many digital assets you have or how often you make deals with them-if you work with blockchain and cryptocurrencies, with VPN you will get additional protection from hacking, phishing, and surveillance by other users and organizations. Thanks to data encryption, traffic redirection through servers located in different countries, and IP address masking, VPN provides an additional level of protection for everyone who uses cryptocurrencies in one way or another.
Islamabad, Pakistan
Webxfixer
This release was published on openPR.
