This article was contributed by Charles Perrin, who works as a writer at Connection Media Services.
Having a VPN for crypto wallets goes hand in hand, and is arguably a necessity. A digital tool designed for improving security, the rise of VPNs along with the surge in people investing in crypto wallets has been astonishing.
While not all VPNs are suitable for crypto trading, it’s fair to assert that you should adopt sensible measures, so you don’t leave yourself open to risk. With that in mind, we have outlined factors you should take into consideration to keep your crypto assets safe.
Public Wi-fi vulnerability
One key point to take note of when it comes to VPNs is you should always be wary of using public wi-fi to shore up crypto wallets is the use of public wi-fi. Indeed, trading on public wi-fi networks can leave you exposed and vulnerable to malicious actors. Blockchain technology is supposed to be transparent and secure, but there are some underlying flaws associated with it.
Although a VPN is designed to encrypt your data over transmitted public wi-fi, you should only use trusted networks. To put things into some perspective, in October 2022, over $775 million was lost through 32 attacks, making it the most devastating month for cryptocurrency hacking.
Minimizing exposure to hackers
Trading platforms have become a hotbed of activity for hackers, and as mentioned, malicious actors have been a growing problem. Of course, by encrypting data, you can reroute traffic through servers located in other countries, and limit the threat of being hacked. So, for example, in terms of safety measures, installing two-factor authentication will give you an added layer of security, and perhaps above all, give you peace of mind over your assets.
In terms of crypto wallets, having a reliable VPN is vital. And when it comes to picking one, you need to look for ones that are multi-faceted and not just judge them solely on price or internet speed. NordVPN, for example, ticks many boxes and it ranks high. NordVPN is one of the best VPN services for device compatibility and speed, and if you are going to go for a brilliant all-round product, then NordVPN fits the bill.
Take yourself off the ISP radar
The role of Internet Service Providers or ISPs for short is to track and log all online traffic that goes through their systems. Crypto wallets are supposed to provide anonymity, so the only thing that the ISP will see is the VPN server’s IPS address.
Cryptos will most likely absorb a lot of data to carry out trades, but if you can avoid being kept tabs on by an ISP, then you will have unfettered access to the sites you wish to spend your time at. Moreover, you won’t have your connections throttled or impinged on by ISPs.
Bypass firewalls
A VPN will mask an IP address, and when it comes to crypto wallets, you should try and bypass firewalls wherever possible. By circumventing this, crypto users can be best placed to keep an eye on all exchange activity, so they can react when crypto prices are volatile and take the necessary course of action.
Conclusion
In summary, VPNs serve a purpose for a wide range of activities, and in this guide, we have tried to stress the importance of how they can be used effectively to protect crypto wallets.
The pointers we have illustrated in the guide provide a strong foundation, and ultimately, if you can embrace these bits of advice, then it will stand you in good stead moving forward. Perhaps the main takeaway should be to tread with caution when it comes to using public wi-fi and only using trusted networks.
Now, the onus is on you to find out a VPN that caters to your needs. Good luck!
About the author
Charles Perrin works as a freelance content writer at Connection Media Services. An NCTJ-qualified journalist, Charles is a versatile iGaming writer having collaborated with a multitude of betting firms and other companies.
