VPN for cryptocurrencies?

[taufik0911]

If you want to be safe, I usually use linux to make transactions, etc. because linux is more secure than keyloggers and others
coupled with a linux security system that is better than other OS and uses vpn
this is just my opinion, what do you think?

[davis196]

Somehow using VPN makes me feel safe while working with cryptocurrencies, like transactions, payments and buying bitcoins. I've been using surfshark vpn for almost 3 months now and I guess it's okay. I haven't really tried other VPN's though for I don't want to risk my wallet just to try other VPN. You know, like what's the point if I have my door lock for months and it's not even rusted. The largest risk with cryptocurrency is that online exchanges are vulnerable, as mentioned, to hacking they say. I know some may already experienced this kind of problem, and I wonder how you manage to solve this. As someone who hasn't encountered such, I think it's a good opportunity to ask someone who does and help me point out what other things to do to secure not just my wallet account but also my other personal accounts.

Using a VPN is about protecting your online privacy,which is little bit different than your online safety.
A VPN by itself can't guarantee your online security.Just watch a few Youtube videos about VPNs(not the ones that are promoting them) and you will see that VPNs aren't that secure.
I've never heard about this surfshark VPN.I guess this is one of the smaller players on the VPN market.
Using really strong passwords,having good browsing habits,anti-virus software and using only trusted crypto exchange platforms and wallets is more important than the VPN you are using.

[aioc]

VPN is one of the options to make yourself anonymous in the internet but it's just a small part of the whole system on how you keep your Cryptocurrencies safe.

Do not download anything from untrusted sites
Do not store your coins in one wallet or in one computer
Do not talk about your portfolio even to your close friends
Keep your private key in a place that you are the only one who knows it

There are still many guides on how to safeguard your coin and educating and awareness on the many risk
and how hackers are working will benefit you a lot.

[maxig.boroday]

IMO its fine to use VPN for cryptocurrencies it wont affect your investment at all what you should be aware and worried about is the project and the exchange that you were using. Make sure you use an exchange without a hacking incident before or invest on a project which has a clear whitepaper

[theskillzdatklls]

Make sure that the VPN uses OpenVPN, accepts Bitcoin and is located in a good jurisdiction. Privacytools.io has a lot of good suggestions for this and many other software suggestions.

[Yaunfitda]

VPN is one of the options to make yourself anonymous in the internet but it's just a small part of the whole system on how you keep your Cryptocurrencies safe.

I disagree though, VPN won't make you anonymous, specially if you used this so called free VPN. This might be a good guide though, https://thatoneprivacysite.net/#simple-vpn-comparison. And everyone should read their TOS very carefully. Because maybe some of them are collecting your real name and addresses, just saying. The OP can find a lot of guides in the Beginners & Help.

[lovesmayfamilis]

If you want to be safe, I usually use linux to make transactions, etc. because linux is more secure than keyloggers and others
coupled with a linux security system that is better than other OS and uses vpn
this is just my opinion, what do you think?

Yes, that's right. I also love Linux and feel more secure when I work on this system.
But we must always understand that neither Linux nor VPN can completely protect you from all kinds of fraud. VPN is just a false sense of your privacy. Using only VPN does not in any way affect the fact that all other trackers will not knock on the right places about your activity. VPN is just a change of IP, that's all. I will say more, there is not a single VPN that does not keep its own logs. The best option is to use your own VPN, which you make yourself.

[mk4]

If you want to be safe, I usually use linux to make transactions, etc. because linux is more secure than keyloggers and others
coupled with a linux security system that is better than other OS and uses vpn
this is just my opinion, what do you think?

The operating system you're using is just one of the factors ff the security of your funds. Sure you can use Linux, and theoretically Linux is more secure because malware mostly targets Windows devices anyway, but some of the less-technically knowledgeable people tend to execute random shell scripts they've found on the internet without  knowing for sure what the script does. It's pretty much a double-edged sword.

[imstillthebest]

VPN is one of the options to make yourself anonymous in the internet but it's just a small part of the whole system on how you keep your Cryptocurrencies safe.

I disagree though, VPN won't make you anonymous, specially if you used this so called free VPN. This might be a good guide though, https://thatoneprivacysite.net/#simple-vpn-comparison. And everyone should read their TOS very carefully. Because maybe some of them are collecting your real name and addresses, just saying. The OP can find a lot of guides in the Beginners & Help.

of course because they are only free and they can only offer basic features such as faking your ip or country  . premium obviously offer better features but i think they can still get your infos if they wanted to  .

  i like the idea suggested by user @lovesmayfamilis of creating our own vpn or by using an operating system that can mask your privacy .

[zeingrind777]

Why do you believe that a VPN will secure your assets from being hacked? I'm not sure about VPNs. If I wanted to secure my assets, I would not keep them in exchange wallets, especially centralized exchanges. Because they will be controlling the assets you hold.

[abel1337]

I think there's no need for a VPN for your coins that is sitting on an exchange to be safe, This could also cause some trouble if there is an anomaly on your account, There could be a possibility that the exchange might lock your account due to IP jumping that might cause a larger problem. 2FA itself is sufficient enough for your accounts to keep it safe. I'm using a 2FA level of security for a long time now and I don't use VPN but I really don't have any problem with security.  Avoiding possible risks like using free wifi, downloading random files, accessing fishy websites can increase your own security. Just be cautious about what you are doing on the internet and you will be fine.

[taufik123]

So far, I have never used a VPN to support my work and activities on the internet and until now my data is still safe.
VPN is only used only to open sites that are blocked by my country.

What keeps you safe is not just a VPN, but the security of your device must also be considered. Use of antivirus for devices and stay away from things that are at risk of directing you to malware and phishing tools such as advertisements on the internet.

There is nothing wrong with using a VPN, as long as the VPN is safe and paid of course. Don't use a free VPN that is used by many people because it is more risky and we don't know who is using it.

[bob123]

Somehow using VPN makes me feel safe while working with cryptocurrencies, like transactions, payments and buying bitcoins.

It may increase your perceived level of security, but doesn't help you at all.
Using a VPN makes it not more secure. Not even slightly.

With a VPN, you are simply shifting the trust from your ISP to your VPN provider. That's all. Security-wise there is no difference.

I haven't really tried other VPN's though for I don't want to risk my wallet just to try other VPN.

You can try any VPN you want. You are only giving away your privacy. Your wallet is not more or less secure based on which VPN provider (or if any at all) you use.

The largest risk with cryptocurrency is that online exchanges are vulnerable, as mentioned, to hacking they say. I know some may already experienced this kind of problem, and I wonder how you manage to solve this.

Definitely not by using a VPN since they don't help you.
Its mostly some simple things like using different passwords, not downloading tons of free software just because it's free, not downloading cracked software, using specific chosen browser addons (and only these few security-related), using 2FA (and actually on a second device!), etc..

You will be fine following these few relatively simple things.

[akram143]

VPN is not going to give any security to your wallet, is just creates a proxy location but the transactions made on blockchain based on address so there is no need of location and no one can trace your address as well.About exchange I won't really suggest using VPNs because your account might get blocked for suspicious activity for changing the locations in short time frame.

[hulla]

Yes! The use of VPN can offer you data security and protects you against malicious websites

Protect against malicious websites? Thats not possible cause VPN have no control over visit site and VPN does is to secure user data information through the use of another internet protocol address but there future obstacles when using VPN for cryptocurrency and I will advise the OP to always check the crypto related site he use if they didn't support VPN before using it.

@OP, if you're scared of exchange site being hacked the option you have is to exchange site that offers SAFU. An example is Binance.

[figmentofmyass]

Using a VPN isn't really going to help you that much in terms of security though. VPNs are mostly for privacy purposes; though I'm not sure with SurfShark. I'd personally recommend Mullvad.

one thing to keep in mind: any one of them could be a honeypot. that's the danger of centralized, opaque services.

i used to swear by PIA because their no-logging policy was tested twice in court, but then they got bought by kape technologies, who is known for collecting and selling user data. https://www.reddit.com/r/PrivateInternetAccess/comments/e0kq68/longtime_pia_user_here_run_dont_walk_away_from/

mullvad and windscribe seem to be the recommended alternatives now.

another option is to route your traffic over tor. wasabi wallet does this by default.

[Anna138]

Somehow using VPN makes me feel safe while working with cryptocurrencies, like transactions, payments and buying bitcoins. I've been using surfshark vpn for almost 3 months now and I guess it's okay. I haven't really tried other VPN's though for I don't want to risk my wallet just to try other VPN. You know, like what's the point if I have my door lock for months and it's not even rusted. The largest risk with cryptocurrency is that online exchanges are vulnerable, as mentioned, to hacking they say. I know some may already experienced this kind of problem, and I wonder how you manage to solve this. As someone who hasn't encountered such, I think it's a good opportunity to ask someone who does and help me point out what other things to do to secure not just my wallet account but also my other personal accounts.

The analogy with a lock is interesting, but there is a small problem with it. Imagine that you have a lock that has been showing its best side for many years, and suddenly at one point it is hacked and you take out everything that is available. Will you continue to use this lock? After all, he failed only once... think about it!

[MCobian]

Everyone has their own way of making transactions safe with cryptocurrency. One of them is using a VPN, but in my opinion
it is not enough to use a VPN to make our transactions more secure. We are obliged to do other things, such as use hardware
wallet to store our Bitcoin. Enable 2FA on every exchanges we use, and don't use unpopular exchanges for trading.

[Kemarit]

Just to add though, if you are using VPN to circumvent the TOS of most exchanges about a certain country that on their ban list, then using it is not a good choice. If they found, chances are your account gets a perma ban and then you forfeit your crypto. So that's one danger, and then as someone has said, VPN could be a honey pot as well as it is not really secure and private. And if you are one of those who are very happy to see used VPN? Think again, because you become the product itself. And there are VPN that are being audited as well: (https://torrentfreak.com/nordvpn-shares-results-of-no-log-audit-181123/) and this: (https://techcrunch.com/2019/10/21/nordvpn-confirms-it-was-hacked/).

Also there is what we call, “Five Eyes“, “Nine Eyes“, and “14 Eyes” especially when discussing VPNs and other privacy tools.

Five Eyes

The Five Eyes (FVEY) surveillance alliance includes the following countries:

    - Australia
    - Canada
    - New Zealand
    - United Kingdom
    - United States

The Nine Eyes countries include:

    - 5 Eyes countries +
    - Denmark
    - France
    - Netherlands
    - Norway

The 14 Eyes surveillance countries include:

    - 9 Eyes countries +
    - Germany
    - Belgium
    - Italy
    - Sweden
    - Spain

https://restoreprivacy.com/5-eyes-9-eyes-14-eyes/

[Saisher]

A VPN is only needed if crypto is banned in your country.

I don't think it's safe to do that, if you are using a VPN on your exchange to access your account and trade your Crypto you better read their TOP or term of services if they allow the use of VPN, although some exchange has their verification system on the IP you are losing but still do check it in their support if they allow it.
And about your belief that VPN is only needed if Crypto is banned in your country that's not correct, you need to read more about privacy protections and the many benefits of using VPN not only for Cryptocurrency

https://www.lifehack.org/533452/5-significant-benefits-using-virtual-private-network-vpn