When You trade Do You use VPN?

[Janation]

I don't use any VPN.

It is a warning of someone I know since in the past, there are a lot of people complaining about some exchanges freezing their account or asking for any confirmation or verification from them. I don't have a lot of cryptocurrencies to trade but for someone that have a lot of funds in some platforms, that would be really problematic.

[slaman29]

I use VPN by default, 90% of the time my access is from office/work and I know they use private VPN so we can all be monitored haha:)

But yes, I would definitely recommend checking out trading platforms ToS (same as I advice for gambling) because some strictly don't allow you to use VPN. I always make sure and confirm with the support even before even depositing.

[Mpamaegbu]

I think it's even a huge risk trying to use a VPN for trading or on any site that forbids one's country from registration. What happens to one's capital on the site once it's discovered that one circumvented the process and there is a ban and one's account is blacklisted? Of course, you get to feel the hurt and then regret your involvement because of the waste of time. For me, once there is a country restriction on any site I want to use I just stay out. For instance there is a country restriction from PayPal on my country. What I do is stay away from sites which have only PayPal as a mean of payment for any online stuff I do. It's as simple as that for me.

[boyptc]

I agree about TOR needing good amount of users to obfuscate your location, but then which VPN do u suggest?

Just stepping in this question.

With most people that are using VPN, I've always read them saying about any paid VPN and one VPN is the Nord VPN. I haven't used it but it's the VPN that I usually read when someone suggests about a VPN.

I was actually waiting for someone to say exactly this ...
Please go through these in the given order

https://youtu.be/WVDQEoe6ZWY

https://youtu.be/FMScV1Mkaok

https://youtu.be/6ohvf03NiIA

Thanks.

I'll go through those videos.

I've just said it because it's the majority that I've been saying but will look into those videos you've shared.

[Wexnident]

There's no need for VPN when trading. It isn't like it's banned or anything, and afaik, if you're country has crypto banned, all exchanges in there are banned but you can still probably trade online since they can't really detect if you're trading. It's just up to the exchange though whether they would accept your account or not when trading, due to the said reason of your country banning crypto.

Additionally, there might be issues of tracing you back when hackers or the like get your account, as well as for official reasons of the exchange actually tracing you back for some reason related to KYC or something, which may inevitably lead to a ban. Besides, you're a legit customer, I don't see much of a reason why you should use VPN.

[Lordhermes]

Using VPN for trading has a different advantages and disadvantages, its advantages is of tight security of data preservation like email, and some other login details too, but you must be careful with using public network to turn up your VPN because it might collect your data, email and login details for malicious act.
I will rather prefer you to trade with VPN using your own network not public WiFi as this may ruins you data for phishing attack.

[Bttzed03]

I tried to use a VPN before when I am using Bitmex to trade. Because in our office before, there are some website restrictions that you cannot access, you can't browse some websites so I needed to use VPN just to access Bitmex website and I will able to trade while I am in the office.

Wait what?! How can you even trade while working?


Isn't it pointless to use a VPN for privacy reasons and then trade on centralized exchanges? We know they can always ask for verification anytime they want. You might be okay trading for a while with small amounts but you'll be forced to submit sooner or later.

You are better off trading on decentralized exchanges like bisq, uniswap or whatever swap it's called in other blockchains.

[Eureka_07]

Do you use VPN proxy?
Specially If You are Country Where the laws not Crypto trader Friendly?
<snip>

Our country does not take cryptocurrencies illegally, I believe they are currently conducting study regarding this.

There was some times that I used VPN for registering and trading on exchanges.
The reason is due to country restrictions on their promotions etc.
But I stopped using them, I decided just to trade on exchange platforms which I can freely trade.
I couldn't think for other reason why someone will use vpn while trading.

[MCobian]

I don't need a VPN to be able to trade, because my country doesn't prohibit cryptocurrency trading. I only use VPN to access
gambling sites, because my country prohibits gambling. But I've had bad experiences with VPNs, I had lived abroad for a few
weeks on business trip. And the country turns out to prohibit crypto related, finally I managed to access the trading place using
a VPN. But when going to withdraw my account was frozen, indeed finally I was able to make withdrawals after verifying the data.
But it requires a long process.

[culuuton]

People in my country trade comfortably, and the law doesn't prohibit crypto participants. So me and most people probably don't use a VPN when trading because that's redundant, the future will probably use it if necessary.

[bitcoin31]

All the trading sites I can access because my country is not strict about trading because honeslty they are supported crypto .
So I did not encounter any problem when I try to visit to the exchanges sites but I don't the others if they experienced trouble because their country not supported crypto and I do not if the vpn will works because for sure the government will really sure their citizens will not access any related of crypto.

[Lakai01]

-snip-
I couldn't think for other reason why someone will use vpn while trading.

VPNs were quite justified back in the Wild West times of crypto-trading:

• Hardly any Exchange required KYC, you were able to trade almost anonymously
• There have not yet been any court decisions that would prevent users from certain countries - such as the USA - from accessing the exchange. For example, someone from Asia could choose a VPN in America and hide his tracks even better.
• Many Exchanges were published in a very short time, established exchanges like Binance or Bitfinex did not exist yet. So we as traders wanted to give these exchanges as little as possible information about us as traders, including of course our ip adresses

Today, all major exchanges require KYC anyway. Here, using a VPN can even cause problems if the nationality of the account does not match the IP address region.
There have been reports here in Bitcointalk of users wanting to withdraw their coins but being blocked by the exchange for at least some time due to suspicious access behavior.

So what used to be an advantage and gave the "anonymous" Bitcoin trade an extra layer of security can nowadays even lead to problems when you want to withdraw your coins/FIAT. But I would still use VPNs for Exchanges without KYC and regional limitations, I just don't want to have to rely on access logs not being stored and in the worst case being made available to some governmental organization.

[Rengga Jati]

Do you use VPN proxy?

If there is no restriction in our country for the platform, of course the answer is NO. Moroeve rif we are using certain application that really eases us to do trading. It is better not to use the VPN

Specially If You are Country Where the laws not Crypto trader Friendly?

This is another problem for us, especially when in the beginning there were no restrictions on that platform. And then our country bans the platform to access. Of course, we can't just get away from the exchange platform. Especially if we are familiar with the platform and also have a lot of assets and experience there. Then we can do our best to keep using the platform. One of them is using the use of VPN or DNS systems.

Like what happened in my country recently. When a large exchange is banned and we can't access it anymore, then I personally have no choice but to use a VPN.

[atjiat]

As an example, in countries such as India and Russia, the government very often declares that any actions of citizens with cryptocurrencies will be criminalized. Perhaps today the government has not yet adopted such tough laws and may not accept them in the future, but it seems to me that in this situation, cryptocurrency traders, being in these countries, in any case are forced to use a VPN to avoid problems.

[CryptocurencyKing]

Even exchanges will always advice you to work with your countries regulatory authorities in regards to participating in crypto related activities. It's best you keep off than stress yourself using VPN to by pass contradictory rules. It doesn't make you safe. Besides, if the site can be accessed, then it seems it is allowed for you to operate on that platform within your jurisdiction. Except you want to be blank for some other reasons.

I personally don't use VPN for my trading. I find it to be needless as it doesn't offer any added advantage to my trading neither do I have any intension of evading any authority as it's not exactly illegal to trade cryptos in my nation.

• Hardly any Exchange required KYC, you were able to trade almost anonymously

On this, binance do require KYC which I find very discomforting but, they've been there and is much more a safe exchange to me so, I trade with them.

[South Park]

Do you use VPN proxy?
Specially If You are Country Where the laws not Crypto trader Friendly?

Do You hold Ur machine or wallet in better juridical locations?

Using a VPN is a very fast way to get your account blocked by exchanges, they do not like people hiding their place of residence as this could generate problems to them if someone from a forbidden location decides to use their services, just look at what happened to McAfee and now he is facing jail time, it is better to just follow the law of your country and if you are already holding some bitcoin and then the laws were changed to forbid its possession then just lay low until the law changes again.

[Oilacris]

If you are going to use VPN it may cause you a problem in the future the same as what happened to other traders before who use VPN and now suffer from verification or make their account freeze.

I think it would be better if you use VPS instead and buy a dedicated IP or residential IP. That way exchanges will detect you as a real user unlike on using a VPN that the IP it gives you always changes every time you connect to VPN so it might cause you trouble in the future.

A good suggestion and a good option to take because when using up VPN then youre ip will really change from time to time which is likely to create some problem later on when
the exchange platform do notice such odd of changing IP's.

Next? Then here the verification thing where they do ask you out and that would really be a big hell of a problem specially if you do put up big amounts into your platform wallet.

When you're using VPN on accessing a site just because neither your country prohibits you or the site do really make out exclusion on some countries then you're
fully aware that anytime you get caught then you're fucked up.

[dunfida]

If you are going to use VPN it may cause you a problem in the future the same as what happened to other traders before who use VPN and now suffer from verification or make their account freeze.

I think it would be better if you use VPS instead and buy a dedicated IP or residential IP. That way exchanges will detect you as a real user unlike on using a VPN that the IP it gives you always changes every time you connect to VPN so it might cause you trouble in the future.

A good suggestion and a good option to take because when using up VPN then youre ip will really change from time to time which is likely to create some problem later on when
the exchange platform do notice such odd of changing IP's.

Next? Then here the verification thing where they do ask you out and that would really be a big hell of a problem specially if you do put up big amounts into your platform wallet.

When you're using VPN on accessing a site just because neither your country prohibits you or the site do really make out exclusion on some countries then you're
fully aware that anytime you get caught then you're fucked up.

You would really be fuck'ed if they would really get you on using vpn and remember that it do really shows on sites terms and conditions when we do register on the site that they'll have full rights and confiscate all of the money you do had once you violate one of their ToS which means then everytime you do make log-in with the site using up vpn will always have the risk.Lucky for you if you do still make use and havent detected out yet
but sooner or later they will really able to know it out and you will surely face up the consequence.So its much better not to risk out your money into a platform on where you do know that might have the risk or tendency
on getting blocked or locked.It will really be hassle on complying requirement just for you to get your funds back and if you dont like headache then its better to stop on early phase.

[seleme]

Using proxy services or masking IP addresses is the reason for brokers to ban the account if they can detect the user violates the terms-conditions of service. Some brokers only let one account per person-household-IP address but for hedging the positions smart traders open a new account with agreeing on another user. For this reason, I never use a VPN and a real IP address is safer than blacklisted IP addresses. Proxy services mask the real IP address and it is dangerous to trade with the many accounts no matter the trader tells the truth or not.

[nelson4lov]

In addition to what everyone has said, it is not recommended to use VPNs to access exchange website as websites like these (that deals with money) usually have security in place to lock accounts in order to safeguard in case of an account break in. You might use it for a while without issue but it becomes a problem when you go back to your default IP or switch to another VPN. Since they won't know its you, they'll immediately lock you out of your account and demand for KYC.

That's what happened with majority of Bittrex accounts sometime in 2017 - 2018 (forgotten the exact time period) at the end of the day, Its always better to be safe than sorry. If the risks, outweighs the rewards, you can give it a try and push your luck.