Cryptocurrencies are becoming the future. They are accepted globally nowadays. With the advent of cryptocurrency, we can transfer money between any location in the world, thereby avoiding local currency conversions and local banking systems.
The interesting aspect about cryptocurrencies is that they do not have a central authority, payment processor, or company owner. People can communicate with one another directly, implying that crypto-networks are peer-to-peer.
Even though cryptocurrencies are popular, some countries don’t allow trading in cryptocurrencies. There is no need to be concerned if crypto trading is prohibited in your country. A trustworthy solution like a VPN is here to assist you. It is a cog in the machine of the super secure mono defence bundle.
How Does Cryptocurrency Trading Work?
Cryptocurrency exchanges are online marketplaces where you have the option to buy, sell, or trade one type of digital asset for another, or trade them for a national currency such as US dollars or Euros.
Cryptocurrency exchanges come in a variety of forms, including
- Trading platforms, connect sellers and buyers and benefit from transaction fees.
- Direct trading allows people in various parts of the world to exchange money directly. There is no fixed market price in this trading, and sellers set their own exchange rates.
- Brokers are websites that allow you to acquire cryptocurrencies at a price set by the broker.
Binance and GDAX are two of the most famous cryptocurrency exchanges.
Do Cryptocurrency exchanges have complete anonymity?
Do you still believe that cryptocurrencies are anonymous? Not really. It’s more like a myth. Cryptocurrencies can’t help you make anonymous payments online. You have to accept the fact that the address required to send and receive Bitcoin can be easily linked back to your IP address.
So the truth is that cryptocurrencies can only offer a certain level of privacy rather than anonymity. It is mentioned on the Bitcoin website.
But you can successfully prevent revealing your IP address to destination sites if you connect to the internet through a server run by a VPN service provider. In this way, all your data and information travelling between your computer or device and the VPN server is securely encrypted.
A VPN creates a private network on a public internet connection and delivers a private, secure connection to the internet. It also masks your IP address so that a user’s online activity becomes almost untraceable.
Experience the Real Freedom of Crypto Trading with SPL VPN
You can trade crypto from wherever you are. Location is not at all a barrier for crypto trading because SPL VPN breaks down the great walls of Internet censorship and helps you access any website or content around the globe. In this way, no one can detect which pages you’ve visited or the data you send and receive online! SPL VPN is the most secure one-click VPN for Android devices. It is available in the Google Play store and you can download it for free.
3 Steps to Trade Crypto with SPL VPN
- Install the SPL –Android VPN App on your Android device.
- A single tap to connect to the server
- Choose a server that you want to connect to.
Let’s see how a VPN encrypts your data:
Data encryption is done by bouncing network activity through a secure channel to another server. Anonymity will also be increased if the VPN accepts cryptocurrency as payment. This is because of the fact that if the authorities demand to hand over payment records, their owner can easily link credit card numbers.
Other Benefits of Using a VPN to Trade Cryptocurrency
Only a good privacy-oriented VPN service can help you protect your identity from whoever wants to track you, be it hackers, a government agency, or a malicious third party. It is a mainstream notion that privacy is a fundamental human right among civilised people. Nobody has the right to steal your hard-earned money, which is why privacy is the ultimate security measure.
As crypto trading needs a secure atmosphere, a VPN is an essential tool for it. A Virtual Private Network (VPN) ensures your online privacy by protecting your internet connection and hiding your IP address. It avoids the risk of hacking attacks and protects your data. In this way, you can enjoy safe crypto trading even with public Wi-Fi hotspots, and your data and finances stay secure and intact.
Avoid the surveillance of your ISP or other parties. If you want to keep your browsing history and crypto trading activities private, a trustworthy VPN like SPL is just what you need. SPL sticks to a zero log policy and demands no signup without sharing data with third parties. Also, this anonymous SPL VPN is unlimited and spread over 1000+ servers and location switches. SPL levels up your anonymity and security by providing you with a personal IP address or personal VPN server.
The secure connection of SPL enables browsing the internet without any risk of data leakage. Forget about all your privacy issues if you have a good VPN on your phone. SPL beats many premium VPN services with its outstanding features like unlimited bandwidth and speed, high-speed internet, quick and easy access, military-grade encryption, split-tunnelling, and no-log policy.
Why is Crypto Trading Disallowed in Some Countries?
Some countries have banned cryptocurrencies because governments and financial institutions can’t monitor or regulate them. Nevertheless, the crypto trading market is opening numerous possibilities for those engaged in money laundering and tax evasion. So, the reason countries may ban crypto trading is due to the fear of losing control of their financial systems.
Bangladesh, Nepal, Bolivia, Algeria, Ecuador, and Macedonia are some countries that forbid crypto trading. In China, though cryptocurrencies are not considered illegal, the government is strictly regulating and limiting their use. It is a herculean task to trade cryptocurrencies within the digital borders of China because of the Great Chinese Firewall. But this is not a big problem for a VPN user.
In What Way Does a VPN Help to Trade Crypto in other Countries?
A VPN is a piece of software that encrypts the traffic you send over the internet and securely routes this encrypted traffic via a remote VPN server. VPN uses a secure encryption algorithm in which nobody can peep into your traffic or see what data you send or download, so your online activities are safe and private.
At the same time, by redirecting your traffic through a remote VPN server, a VPN provides you with a virtual IP address while hiding your real IP. As a result, it seems that you’re actually in a different location and can easily deal with regional restrictions and trade crypto even if it is blocked in your country.
For example, if you are in China and want to trade crypto, all you need to do is to get a VPN on your device and connect to a server in another country like Japan, Hong Kong, Singapore, etc.
Phishing and Malicious Site Protection
Even though a VPN can’t protect your device from a direct malware infection, it can stop you from accidentally connecting to a malicious website, like a fake crypto trading platform that tries to steal your wallet keys.
A blocklist will help in such situations. VPNs automatically block access to malicious domains. Based on how advanced the feature is, it can also block ads and provide DDoS (Distributed Denial of Service).