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Author Topic: When You trade Do You use VPN?  (Read 1363 times)
hahay
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October 15, 2020, 08:58:59 PM
 #41

Maybe it only happened in the past, because as time goes by I decide to no longer use vpn or something, if my ip is banned then I will immediately leave the platform and look for something else. Currently there are many exchange platforms, so why should I force to use the exchange while there are many other platforms that are friendly for me to use. It all depends on your own, because sometimes a coin can only be traded on one particular exchange but still, so far I can use them kindly.

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October 15, 2020, 09:10:06 PM
 #42

Maybe it only happened in the past, because as time goes by I decide to no longer use vpn or something, if my ip is banned then I will immediately leave the platform and look for something else. Currently there are many exchange platforms, so why should I force to use the exchange while there are many other platforms that are friendly for me to use. It all depends on your own, because sometimes a coin can only be traded on one particular exchange but still, so far I can use them kindly.

Exactly! On my part, I have not used VPN in any of my tradings as there is really no reason to go that way. There are so many reputable exchanges where you don't need to use VPN. If you need to go beyond what is normal, then there's chance that your funds will be trapped if the site will tell you, you are violating their ToS. And you can't do anything about that.
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October 16, 2020, 02:37:04 AM
 #43

Using VPN in trading is not necessary. Most of trading platforms have already required traders to provide many details of their KYC. Therefore, if you are citizens of restricted country, you can not participate in trading despite changing your IP to other location.

Second, implementing VPN in your trading activity can cause many troubles. Slower connection can make trader become more hesitate in making an order. It can make your order slipped away from your previous entry point and it definitely drives you mad. Nobody wants to have a bad entry at all.

And you can also be banned in some platforms. So remember to read policy and TOS for the purpose of avoiding violating the rules. I always hate to deal with customers support. Exchanges like Binanace have good customer support, but it never be a comfortable process
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October 16, 2020, 07:53:39 AM
 #44

VPN won't help you much trust me, if the security agencies of your nation wanna find you; VPNs can't do much.

I sincerely think that running a dedicated tor node for the purpose will be better than spending money on VPNs.
I agree, if you're turning millions then if these government agencies want to find you then they will and VPN won't help. But I think for traders with small profit even with the use of VPN will probably go unnoticed, unless that particular country is set to get rid of crypto users (hard to believe but some leaders out there can be very opinionated).

To close off, VPN usage for trading or anything crypto related is well known, and for some light touch on the subject as to which ones are more suitable for certain exchanges this is a light material you can read, right here .
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October 16, 2020, 11:24:10 AM
 #45

Like everyone says here on your thread. It's pointless if you are using a VPN to avoid getting traced by security agencies because they will still able to noticed you if they detected you are using a VPN. So you won't get away with them because your country restricts cryptocurrency, especially if you have huge amount of funds in your wallet that they might get confiscated by them.

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October 16, 2020, 06:10:22 PM
 #46

VPN on exchange is as dangerous as it gets, I do not condone it because a lot of people want that extra layer of security and they want to be capable of hiding their IP from the exchanges but the reality is that if you keep trading with VPN eventually the exchange might ask your KYC as well and at that moment it would be hard to explain to them that you were using a VPN and you are not connecting from where you said you are connecting from.

It may look like the owner of that account was in nation A and then there is a connection from Nation B which would look like it is getting hacked. Which is why the exchanges may block your account and no matter how much you try to explain to them that your account shouldn't be blocked and it is actually yours, because of the VPN it might be in trouble.

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October 16, 2020, 10:14:39 PM
 #47

But you can let Open Account with kyc someone from Country where is no even cryptocurrency taxes.
And feelfree use it
Not everyone have that someone and even if they have that someone there i no reason for that someone to trust you and give their personal identity to register for you.









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October 16, 2020, 11:04:44 PM
 #48

It seems like many members here have problems trading using a VPN, because it doesn't guarantee that using a VPN will be safe.
I suggest that if your country is one of those banned from trading on the exchanges, don't try to access using a VPN. Because there is
a possibility that you will be caught and your account will be banned. Better to find other exchanges that accept your countries to be
able to trade. Not all exchanges have strict rules.




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October 16, 2020, 11:27:03 PM
 #49

It seems like many members here have problems trading using a VPN, because it doesn't guarantee that using a VPN will be safe.

I'll bet a huge proportion of the problems are people forgetting to... turn the VPN on sometimes.

You often read about people having their Coinbase accounts frozen when they try to log in when they're legitimately abroad, let alone pretending with a VPN. I wouldn't do it myself but I know people don't have a choice in some places, even then I'd very hesitant to do it.

You're also 100% dependent on the VPN company being up and on the ball. Everyone has a wobbly moment every now and then.
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October 17, 2020, 04:32:17 AM
 #50

Using a VPN is of course very dangerous because it will redefine a different IP but there are many other platforms that use easier exchanges without specific IP blocking.
I always trade by avoiding using a VPN because for me it is dangerous and I will not use it again, every time I trade will do KYC for even more security.

But what I'm still confused about is that Binance is blocking my region's IP and is forced to use a VPN if that's also necessary.

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October 17, 2020, 05:01:01 AM
 #51

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?

No I don't, I feel it just slows my connection doing a trade. And they can still track you if they really want to. It's rather dangerous to me if that trading website has ip blocking and you use different ip locations to access that site. If the trading website you want to use is blocked in your country, you may want to read some articles or visit some forum how to access it. What vpn is the best to use that won't get your account blocked in the long run.
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October 17, 2020, 08:32:52 AM
 #52

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?
No, I don't, but if I think or I feel that I need to use VPN, I will use it. But for trading or browsing on the internet, I don't use a VPN. Although crypto is still on the grey side in my country, I can browse many crypto websites without having blocked or banned. But for some gambling websites, I think using a VPN can help us visit on the site because the site applies restricted access for the country on their list.

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October 17, 2020, 09:20:30 AM
 #53

I am using VPN on some sites that I want to visit but when it comes to trading I never used VPN I trust all the exchanges I'm using and I don't want to get questioned on why I'm using a VPN and besides my location is not very strict in Cryptocurrency, if you are going to use a VPN be sure that is ok with the trading platform you are using, to avoid future troubles.

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October 17, 2020, 01:37:22 PM
 #54

I don't use VPN Many people use VPN software to protect their privacy online as well as to stay safe. But instead of keeping it safe online multiple VPN software is smuggling all your information. Using VPN is not very convenient to do business. Because in order to use VPN you have to be connected to the server of one organization and if you want to be connected to another server there is a possibility of personal leak.
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October 17, 2020, 03:05:15 PM
 #55

I don't use VPN Many people use VPN software to protect their privacy online as well as to stay safe. But instead of keeping it safe online multiple VPN software is smuggling all your information. Using VPN is not very convenient to do business. Because in order to use VPN you have to be connected to the server of one organization and if you want to be connected to another server there is a possibility of personal leak.
I think only a few VPNs provide a script like that because many VPNs provide free and really safe so they can be used to do any search and visit any site you want without any restrictions from the internet network provider used in your area .

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Cryptoababe
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October 17, 2020, 04:25:15 PM
 #56

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?

I never use vpn to trade.. Most exchanges do not support vpn and I mostly use bybit. So whenver I use vpn, I wont be able to use the exchange. Just like my vpn location is always restricted.
Why a
Do you ask these kind of questions?

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taufik123
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October 17, 2020, 04:49:51 PM
 #57

Maybe it only happened in the past, because as time goes by I decide to no longer use vpn or something, if my ip is banned then I will immediately leave the platform and look for something else. Currently there are many exchange platforms, so why should I force to use the exchange while there are many other platforms that are friendly for me to use. It all depends on your own, because sometimes a coin can only be traded on one particular exchange but still, so far I can use them kindly.
Have you ever had problems using a VPN? because it seems you are not happy using a VPN. the use of a VPN does have many risks, especially the risk of data theft, malware attacks, prone to piracy and others. But this risk is obtained with a free VPN that can be accessed by everyone, but for a private VPN you have to pay to be able to use it, in my opinion, it is still quite safe even though it is not recommended if it is not in a deep problem.

In my country, Indonesia, Binance Web Desktop is currently blocked due to a problem with the Financial Services Authority. I can't access Binance from the web or desktop and can only be accessed via the app. well when there is a problem like this the use of a VPN is very necessary, but it must be a premium VPN. Trading using a VPN is only done when you really need a VPN to open that market.

R


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2double0
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October 17, 2020, 04:59:17 PM
 #58

No I won't use VPN even if my country does not support crypto because there are no laws that can stop me transacting in crypto. If you want to use VPN to hide your crypto transactions, better do Western Union transactions or ask your relatives abroad to sell your coins there and send you the money if privacy doesn't concern you. You can use VPN to surf crypto relevant websites and use mixers to open your new wallet and show it in another place with a different VPN to sell your coins anonymously.
iamsheikhadil
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October 17, 2020, 07:12:01 PM
 #59

No I don't use VPN. Because my country doesn't have any specific laws regarding crypto to be honest. But yeah, if they are going to create some laws regarding crypto trading, I will never use VPN because if the government is going to find out that I use proxy to bypass then they might even confiscate my coins and I'll be left with nothing lmao. Best is to play fair.
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October 17, 2020, 07:37:27 PM
 #60

No I don't use VPN. Because my country doesn't have any specific laws regarding crypto to be honest. But yeah, if they are going to create some laws regarding crypto trading, I will never use VPN because if the government is going to find out that I use proxy to bypass then they might even confiscate my coins and I'll be left with nothing lmao. Best is to play fair.
I think it's not possible for the government to confiscate assets/coins from you even if your government is banning your country citizens to use crypto. The worst thing that might happen to you knowing that you are trading on a centralized exchange is to get your account locked/freeze and give you the hassle to get your assets back by the exchange.

There aren't many good reasons for people to use VPN on an exchange, It can just bring complications like having you detected by the exchange that you are logging in on multiple IP addresses that can make you broke their TOS.

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