Cryptocurrency and crypto transactions have become a worldwide phenomenon due to various benefits it has to offer. You can make anonymous transactions, instant transfers and be the sole owner of your assets.
The most amazing thing about crypto transactions is that they are fast, involve no intermediary fee and that they are less time-consuming. All this is achievable because there are no banks or any other intermediaries involved in the transaction process.
Crypto trading is far more secure compared to traditional banking. However, crypto wallets are not. If not handled properly, you can end up losing everything.
Various security risks could lead you to lose your crypto funds in a blink of an eye. But with a few precautionary measures, you can keep your crypto transactions safe and secure.
One of the most effective and affordable tools to fend off cybercriminals is a VPN. With that being said, not all VPNs can be trusted.
That is why we recommend using one of the best VPNs by VPNRanks in 2021.
A VPN will ensure complete online security, privacy, anonymity, and protection whenever you initiate any crypto transactions.
Dangers involved in unsecured crypto transactions
While it is true that cryptocurrency transactions are secure, it is also true that the transactions can be intercepted in between transit.
If that happens, you can easily lose all of your crypto funds as the hackers will gain complete access and control over your exchange wallet.
If someone takes over your crypto wallet and IP address, they can easily identify you because crypto transactions are only pseudonymous and not anonymous.
Many countries around the world still don’t allow crypto transactions and block various crypto exchange websites like Voyager, Uphold, and Coinbase.
Another danger lurking around in the dark involves various crypto-jacking malware injected into your device, mining cryptocurrencies for hackers.
The dangers mentioned above can easily be avoided by using a virtual private network, as it will secure your crypto transactions and keep your actual identity and location safe.
How a VPN can protect crypto transactions
A virtual private network can secure your crypto transactions with military-grade encryption such as AES-256-Bit encryption.
It will create an encrypted tunnel that will route your data via a VPN server. It will offer such robust security and protection that your data can’t be intercepted by ISPs, the government, or any hackers.
As the data is encrypted, it can’t be decrypted by anyone who might be able to see it.
A virtual private network offers thousands of server addresses around the world. This means you can easily connect to any of these servers and practically be anonymous. Your actual location and IP address are completely concealed by the VPN server location and IP address.
The anonymity offered by VPNs can be useful in countries where cryptocurrency, transactions, news sites, and other related forums are blocked. You can easily get unlimited, unrestricted, and uninterrupted access to such sources by swapping your actual IP address with a VPN IP address.
Lastly, many VPN providers come with ad/malware protection. This feature will help you avoid various crypto scammers and phishing attacks. You can be warned about malicious websites and ads that could infect your device with cryptojacking scripts in advance by using a VPN.
Important features to remember while selecting a VPN to protect crypto transactions.
Below are some important features to look for when selecting a VPN for secure and protected crypto transactions.
Security Features
Security features are the backbone of any VPN provider. Make sure that the VPN utilizes the most advanced and state-of-the-art security protocols and encryption mechanisms.
As per industry standards, military-grade AES-256-Bit encryption and OpenVPN (TCP/UDP) connection protocols are the most powerful duo for ultimate protection.
Having few additional security features is always a bonus and considered good. These features often include an internet kill switch, DNS/IPv6 leak protection, split tunneling, and ad/malware protection.
Zero-log VPN
A VPN with a strict zero-log policy can guarantee complete online security, privacy, data protection, and anonymity. It means that the VPN provider won’t store any information concerning your VPN connection or personal identification on their servers.
It is always recommended never to use a VPN that doesn’t clearly state this policy, as they might be storing information about you and your VPN connection.
Server Network
A VPN with a comprehensive server network allows you to circumvent various censorship and geo-restrictions related to streaming services.
The more servers a VPN has, the chances are that it can deliver good speeds as the servers will be less crowded. Also, the more countries it has servers in, the more streaming services and other blocked content you get to unblock.
VPN connection speed
As VPNs offer robust encryption, it is quite common for them to slow down the internet connection speeds. However, there are still a few best VPNs that don’t drastically affect your internet speed. It is better to subscribe to a VPN that can guarantee lightning-fast VPN connection speeds for real-time price checks and crypto trading and transactions.
Simultaneous connections
The VPN must support multiple simultaneous connections on a single account. At least 5 simultaneous connections are the basic industry standard at the moment.
With this feature, you can easily protect your phone, tablet, PC, Smart TV, Firestick, and many other devices simultaneously.
Final Thoughts
Crypto transactions can easily attract a lot of security risks. Only a reliable and strong virtual private network can offer you the protection and anonymity you need.
Your online activities will be completely private with a VPN, and you will receive strong protection from hackers trying to steal your cryptocurrency.
In addition to that, you can also unblock various geo-restricted websites and streaming services from anywhere in the world.
