Similar to fake ICOs, fake crypto exchanges exist on the web that disguise themselves as legitimate exchanges. While most of the ICOs are legitimate, some are entirely fake. The crypto bubble has given birth to thousands of ICOs from multiple parts of the world. Much like how crypto exchanges are susceptible to getting hacked, offline wallets are vulnerable to hacking. Apart from getting hacked, cryptocurrencies are riddled with loopholes such as: Offline wallets The severity drastically increases if you’re engaging in financial services such as crypto trading. Whether it’s accessing social media sites or making financial transactions, an online connection hosts all sorts of intruders. When you head online, there’s an element of risk involved in any online activity. Potential Security Risks of Crypto Trading On the other hand, a VPN ensures your digital activities remain anonymous on the web, meaning you can be trading vast volumes of cryptocurrencies without being intercepted by an intruder. This makes trading cryptocurrencies somewhat risky in the event where you get hacked and lose your funds. Unlike traditional banks that the state bank of a country secures, cryptocurrencies aren’t backed by governments or regulatory bodies. Why Should You Use a VPN for Crypto Trading?Ĭryptocurrencies are highly volatile and often unregulated. These are just some of the many things VPNs can help crypto traders with. You can also increase the security of your crypto transactions by taking advantage of a VPN’s encryption capabilities. If you’re dabbling in the world of digital currencies, you might be wondering: do I really need a VPN for crypto trading? Well, you’ve got plenty of reasons to use one! For starters, you’ll be able to access online exchanges blocked in your country. It’s not surprising, considering there are ample opportunities to earn an income, and the technology behind them, known as the blockchain, offers greater privacy. Over the years, the adoption of cryptocurrencies like Bitcoin and Ethereum has been on the rise. PureVPN – The Best VPN for Crypto Trading.How to Use a VPN for Trading Cryptocurrency.How does a VPN help protect your crypto trading.Why Should You Use a VPN for Crypto Trading?.
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