Cryptocurrencies have become increasingly popular in recent years, with many people investing in them as a way to make profits. However, with the rise in popularity of cryptocurrency trading has come a new set of challenges and risks that traders must navigate. In this article, we will discuss why using a VPN is essential while trading cryptocurrencies and why a private VPN server with a dedicated IP address in Switzerland might be the best solution to secure your trading account and crypto assets.
First and foremost, no matter what network you are currently connected to, using a VPN while trading cryptocurrencies provides an additional and very significant layer of security. When you use a VPN, all the data that travels between your device and the VPN server is encrypted, which means that it is scrambled and made unreadable to anyone who may try to intercept it, including cybercriminals, government agencies, or even your Internet Service Provider (ISP). This makes it much more difficult for hackers or other malicious actors to steal your personal or financial information such as login data, IDs of your crypto accounts or private keys.
Secondly, VPNs can help keep your online activity private by hiding your IP address. When you connect to the internet, your device is assigned a unique IP address. This IP address is used to identify your device and is tied to your physical location. When you connect to a VPN, your internet traffic is routed through a remote server before reaching its final destination, and your device’s IP address is replaced with the IP address of the VPN server you are connected to. This means that any website or online service you access will only see the IP address of the VPN server, rather than your device’s IP address. This process is called IP address masking, and it helps to keep your online activity private and secure. This is particularly important when trading cryptocurrencies, as cybercriminals may try to target you based on your investment activity. When trading cryptocurrencies via VPN, it is virtually impossible for any malicious actor to track you back and find out what your real location and IP address are.
Finally, for crypto trading it is particularly important what country your VPN server is located in and whether it is private or public. In this regard, using a private VPN with a Swiss dedicated IP address for crypto trading is considered the best option due to several reasons:
- High Privacy Jurisdiction: Switzerland is known for its strong privacy laws, which means that any VPN provider operating within the country is required to comply with these laws. This offers additional assurances that your data and online activities will be kept private and secure. Additionally, Switzerland is outside the jurisdiction of the European Union, making it an ideal location for privacy-focused services.
- Dedicated IP Advantages: When using a shared IP VPN, multiple users share the same IP address, which can increase the risk of blacklisting, as one user’s suspicious activities can impact all other users on the same IP address. Some trading platforms have strict policies against the use of shared IP addresses, as they can be associated with fraudulent activities or multiple accounts. In contrast, a dedicated IP VPN assigns a single IP address to one user, meaning that the IP address is not shared with any other user, reducing the risk of blacklisting and ensuring that you have full control over your online activities.
COIN.HOST is a hosting provider that offers private Swiss-based crypto VPN servers with dedicated IP address, specifically designed for cryptocurrency traders. By using the coupon code CRYPTOVPN, you can try COIN.HOST’s private VPN service at half the normal price. When you redeem the code at checkout, you’ll receive a 50% discount off your first monthly payment. This is a great opportunity to test out COIN.HOST’s VPN service at a reduced cost, allowing you to experience the benefits of their dedicated IP addresses, strong encryption, and no-logging policy for yourself.