Should you use a VPN to buy Cryptocurrency?
Yes, it’s a good idea to use a VPN when you’re buying a cryptocurrency if you want to remain anonymous. A VPN will hide your IP address and hide your crypto purchase from spying eyes such as your ISP.
Cryptocurrency And Anonymity
One of the early reasons people started to use cryptocurrency such as Bitcoin and Dogecoin was to be able to make untraceable online purchases using alt coins. While the use of cryptography and the blockchain goes a long way toward providing this anonymity, they are not without their flaws. It is now understand that most of these cryptocurrencies are ‘pseudonymous’ rather than fully anonymous, as this article explains.
Best VPN To Use When Buying Cryptocurrency
How does a VPN work?
A VPN service lets its users increase their online privacy, secure data and protect their web activity. By offering a sharp encryption mechanism, a VPN client make sure that no hackers, governments, ISPs and even marketing agencies can get hold of your online data and internet activities such as purchasing cryptocurrency. Also, your personal details like passwords, usernames, bank and shopping details are encrypted and secured by the VPN. Therefore, anyone who really cares about their online protection, freedom, and identity preservation will find buying or trading bitcoin using a VPN very useful.
How to choose a VPN client for Buying Cryptocurrencies
Finding a VPN provider isn’t too difficult, we have listed our favourites above . There are many providers available, but not everyone offers the same service quality, reliability, and security. Therefore, choosing the wrong VPN software can in some cases can even be worse than buying without a VPN. The VPN company is hiding your activity from everyone else, but they’re the ones you need to trust with the data you are sending and receiving, it is essential you choose a know, reliable VPN company.
Fortunately, our software specialists have all of the VPNs we recommend and collated reviews from past users. Over the last few years, our team has tested more than 50 VPN services. And our process contains a regular revision and analysis of our recommended providers. Therefore, we can assure that today in March 2024 our list of the best VPN services you will find only the most endorsed and certified providers, ideal for your first bitcoin trade!
For more information on finding the best VPN provider, see our guide to buying VPN software in the help section.
Which Cryptocurrencies Are The Most Anonymous
There are some cryptocurrencies which are more anonymous than others, this is because they use a different approach to blockchain crytpos such as Bitcoin and Etherium. The ones that are said to be the most anonymous are: Monero, ZCash and Dash.
Number One Recommended VPN For Buying Cryptocurrency