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Author Topic: When You trade Do You use VPN?  (Read 1346 times)
Shasha80
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October 17, 2020, 10:37:05 PM
 #61

I don't need a VPN for trading, because my country does not prohibit using cryptocurrency as a digital asset. My country only prohibits
using cryptocurrency for payments, so I can trade without using a VPN. But I have experimented with several exchanges to access using
free VPN, and it is true that most of exchanges have blocked our accounts and need KYC to unblock them. But there are a few exchanges
where it doesn't matter if we use a VPN.

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DoublerHunter
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October 17, 2020, 11:41:49 PM
 #62

I don't need a VPN for trading, because my country does not prohibit using cryptocurrency as a digital asset. My country only prohibits
using cryptocurrency for payments, so I can trade without using a VPN. But I have experimented with several exchanges to access using
free VPN, and it is true that most of exchanges have blocked our accounts and need KYC to unblock them. But there are a few exchanges
where it doesn't matter if we use a VPN.
^ Having a free VPN is not looking good, you probably have a problem in the future if you will continue using it. Probably it is good if you will experiment a small amount that willing to lose. We know that using a VPN  in most exchanges are not tolerated and allowed. Probably I will be considered a paid VPN for a better service. You can't find better service by using a free VPN. Nevertheless, you can read this for further details of using free VPN that probably hidden dangers. https://www.vpnmentor.com/blog/free-vpns-are-not-safe-to-use/
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October 18, 2020, 01:57:19 PM
 #63

I don't need a VPN for trading, because my country does not prohibit using cryptocurrency as a digital asset. My country only prohibits
using cryptocurrency for payments, so I can trade without using a VPN. But I have experimented with several exchanges to access using
free VPN, and it is true that most of exchanges have blocked our accounts and need KYC to unblock them. But there are a few exchanges
where it doesn't matter if we use a VPN.
^ Having a free VPN is not looking good, you probably have a problem in the future if you will continue using it. Probably it is good if you will experiment a small amount that willing to lose. We know that using a VPN  in most exchanges are not tolerated and allowed. Probably I will be considered a paid VPN for a better service. You can't find better service by using a free VPN. Nevertheless, you can read this for further details of using free VPN that probably hidden dangers. https://www.vpnmentor.com/blog/free-vpns-are-not-safe-to-use/
I prefer to buy a premium VPN, so I can hide my real IP, especially if I want to browse or searching for some more information. Besides that, if the free VPN is not recommended, we will need to be careful because we don't know if the software does not contain something we don't know. Paid VPN will give us so many options of the countries that we can use to access many websites, and we can change to many IP if we want. But I think that we don't need to use a VPN for trading because that can make the exchanges suspicious with our account.

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October 19, 2020, 11:02:21 AM
 #64

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 VPN is unnecessary for me, no laws to govern cryptocurrency here that I live, though they do have some plans to create laws soon, but something else has been happening and no one is talking about that for now because they have been carried away from it. Even at that, only people that are living in places where it’s illegal will worry themselves much on making use of a VPN.

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.
Yeah that’s right! If I have the intention of making use of VPN on any exchange or platform at all I would ask them to verify if they are allowing such thing, because if you keep disguising yourself to make use of their platform and they discover that later, it’s going to be a really big problem for you and your funds might not be gotten back.

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October 19, 2020, 02:52:30 PM
 #65

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 dont like to use VPN at all for crypto exchange. cryptocurrencies is not support by our government but most of the exchange supports my country to use the exchange. sp why i dont neee to use VPN for cryptocurrencies use. but gambling is strictly prohibited at my country, for gambling I need to use VPN. Also its not possible to do KYC for gambling, I faced a lot of problem with sportsbet because of KYC. my country did not support sportsbet but i used sportbet with VPN.

however, if you want to use vpn then don't forget to take a premium subscription. also dont use vpn in your regular browser, because there is a chance that you VPN can read your password. so try to use another one brower to use VPN.
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October 20, 2020, 06:26:23 PM
 #66

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.
I do not know why people keep trying tactics that we know they do not work, exchanges are very smart, they know that some of their clients will try to use VPNs to hide their activities and for the most part they will let them do whatever they want but as soon as you want to withdraw your money they will hit you with KYC, and even if you pass it now you have to deal with the fact that you violated their TOS and for the most part you will have to go through a lot just to get your money back.

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October 21, 2020, 12:28:47 PM
 #67

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?
Never done that Cool the laws here are not clear on cryptocurrency (although I think it’s legal because there are crypto companies here, but they have not said anything yet about laws that governs cryptocurrency).

Moreover using VPN is just not my thing, though I see a lot of my friends that are into it and using it to access websites that they don’t have access to in the country, but I’m not all about those kind of stress. If it stops working, maybe I would try use a VPN to access it, that’s if it happens all of a sudden when I still have some crypto stored on that exchange.

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October 21, 2020, 03:03:22 PM
 #68

I am using Binance exchange right now and have to use VPN because my country not allowed to access Binance exchange market without use VPN. Last two week almost trader in my country faced trouble with access to Binance exchange by using website link Binance.com but try is error but using application is running well. Some trader use application for trading spot and future on Binance but I dislike using mobile for and application for trading than I have use VPN for entering to Binance exchange, more than two weeks Binance still not fixs their problem and we must use VPN to access on Binance, I hope this problem could process as soon possible because looks not happy if use VPN to access on exchange market.

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October 21, 2020, 03:16:45 PM
 #69

It doesn't need to use a VPN to trading unless your country is not supporting the website. Because every time you change your IP it asks for another verification code to your mobile number or email so it makes more hassle but if you want to use why not.
But take care of them banned or don't support it to your country one of the best things to do is to find trading suitable and supported in your country.

I don't think VPN can do much good in this case.  However, it is true that a lot of restricted things can be accessed through VPN.  However, I personally do not use any VPN and I feel comfortable with it.

Also using VPN gives a lot of hassle too like finding a configuration or paying for the subscription it is better to does not use if not necessary.
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October 21, 2020, 05:30:08 PM
 #70

It doesn't need to use a VPN to trading unless your country is not supporting the website. Because every time you change your IP it asks for another verification code to your mobile number or email so it makes more hassle but if you want to use why not.
But take care of them banned or don't support it to your country one of the best things to do is to find trading suitable and supported in your country.


It is not hassle at all. Only need a few additional steps to login to your trading account. Moreover, using residential IP (IP with fixed address) does not make you to provide verification code. Or perhaps using VPS is another form of VPN. And according to my knowledge, some vps are even faster than using our personal computer because their internet services are registered with highest speed.

Therefore, benefits are existed while utilizing other IP.
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October 21, 2020, 05:41:40 PM
 #71

It doesn't need to use a VPN to trading unless your country is not supporting the website. Because every time you change your IP it asks for another verification code to your mobile number or email so it makes more hassle but if you want to use why not.
But take care of them banned or don't support it to your country one of the best things to do is to find trading suitable and supported in your country.

I don't think VPN can do much good in this case.  However, it is true that a lot of restricted things can be accessed through VPN.  However, I personally do not use any VPN and I feel comfortable with it.

Also using VPN gives a lot of hassle too like finding a configuration or paying for the subscription it is better to does not use if not necessary.
I am also feeling using VPN for crypto trading is never been good idea because this can create more problems for user as sometime if you need to pass KYC then surely its going against use try to have exchanges which are allowed in all countries and user able to use them without any VPN is really good for any person otherwise leaving trading is much better and healthy idea instead of losing funds for this all.
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October 21, 2020, 06:25:36 PM
 #72

Apart from the issue of exchange policy itself, enabling VPN on the exchange is not very useful because accounts are not published in it or communicate with each other such as forums or social media. When using an exchange, all matters are between you and the exchange, no need for any protective coating.

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October 21, 2020, 08:36:16 PM
 #73

Apart from the issue of exchange policy itself, enabling VPN on the exchange is not very useful because accounts are not published in it or communicate with each other such as forums or social media. When using an exchange, all matters are between you and the exchange, no need for any protective coating.
Crypto exchange and social media are generally used for used for different purpose but the use of VPN when visiting exchange site is very useful if privacy is top priorities cause data breach and hacker attack happened sometime which may someone make exchange user vulnerable to attack.

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October 21, 2020, 08:41:33 PM
 #74

Crypto is not fully regulated in Eastern Europe. At least that's what I know. I see no reason to use VPN, unless of course you are engaged in suspicious schemes or use illegally obtained funds. Some states even welcome the crypto sphere.
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October 22, 2020, 08:41:30 AM
 #75

Specially If You are Country Where the laws not Crypto trader Friendly?
I don't know if I am eligible to answer because we have approved exchanges here that accept members from my country but honestly if I was in such a situation I would rather not trade and do P2P trades from websites like localbitcoins than to trade using a VPN and risking my all coins to be swallowed by the exchange once they know the reality.

I am not entirely sure but maybe dex can help you in such situation because they are not centralized and hence you are never at any kind of risk but really unsure as I give this advice because I haven't used many of them.
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October 22, 2020, 02:08:54 PM
 #76

My country is allowing crypto so  I can trade where ever I want and we have own wallet and crypto ATM and it is good news for the people here in my country because there is no strict about using and trading the crypto coins. I don't know if the VPN will works if the Country ban all related to the crypto such as wallet, trading sites ,investment and I don't know if they have other ways to unblock it.

 
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October 22, 2020, 02:42:31 PM
 #77

If we can trade without using a VPN, why should try trading with a VPN. Because in my opinion the risk is very big when trading using
a VPN, if it gets caught by the exchanges where we usually trade. Worst of all, our accounts can be blocked and our funds will also be
frozen. So far I have been safe crypto trading without using a VPN, so don't want to try trading using a VPN.

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October 22, 2020, 06:41:46 PM
 #78

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.

This is actually true. VPN causes trouble on the long run, if not sooner then later simply because of the different IPs it generates every time you connect to a VPN.
I actually haven't had the reason to use a VPN simply because it is not needed to trade in my country. I can actually trade without having to resort to using a VPN which is much safer for me.
I've heard stories of guys who use VPN to trade only for such accounts to be blocked and funds frozen with it.
The guy i quoted suggested using VPS, I haven't heard of it but I guess it's way better than VPN since it uses a specific or dedicated IP address

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October 22, 2020, 07:23:49 PM
 #79

You better think twice before using a VPN when trading. A friend of mine had trouble and got his account frozen when he used a VPN. Crypto trading isn't restricted in our country but my friend just forgot that he's using a Vpn. There are still ways to trade even without the use of it so it's better if you won't put your funds at risk.
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October 23, 2020, 04:42:24 PM
 #80

This is actually true. VPN causes trouble on the long run, if not sooner then later simply because of the different IPs it generates every time you connect to a VPN.
I actually haven't had the reason to use a VPN simply because it is not needed to trade in my country. I can actually trade without having to resort to using a VPN which is much safer for me.
I've heard stories of guys who use VPN to trade only for such accounts to be blocked and funds frozen with it.
The guy i quoted suggested using VPS, I haven't heard of it but I guess it's way better than VPN since it uses a specific or dedicated IP address
The use of VPN is not without purpose because it is really needed when several exchanges are blocked in a country. For example, Binance Web which is currently still blocked in my country, Indonesia and requires a VPN network to be able to access it. Speaking of VPN and VPS, these two networks are closely related. VPN is a Virtual Private Network, there is a virtual computer network that allows someone to access protected areas with different Private IPs. Meanwhile, VPS is a Virtual Private Server, a kind of computer server in virtual form or it can also be used as a website hosting that stores website data and other files. VPS is also part of a VPN. Use a premium VPN or VPS to be more secure.
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