When You trade Do You use VPN?

[noorman0]

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.

I don't fully understand the potential hacks for personal trading accounts, but I don't think that's a strong reason to use VPN to protect account data from hacking because most trading accounts don't store too much personal data on their profile pages, not even a photo to download.

CMIIW.

But what would you do when the exchange does not allow registration from your country and there is no option but to use a proxy network to access the exchange. I think it should be fine as long as you are using the exchange normally because ultimately the exchange is earning money on each trade you make on their platform so there is no reason for them to ban or restrict you unless you do something fishy or outrageous.

Then I will not use that exchange. Wouldn't such exchanges ask for a customer's personal identity to ensure the customer doesn't come from a restricted country?

I will not force myself to pretend to be someone from a certain country worrying that my account is at greater risk of being locked.

[1714821569]

1714821569

[Oneandpure]

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.

I don't fully understand the potential hacks for personal trading accounts, but I don't think that's a strong reason to use VPN to protect account data from hacking because most trading accounts don't store too much personal data on their profile pages, not even a photo to download.

CMIIW.

But what would you do when the exchange does not allow registration from your country and there is no option but to use a proxy network to access the exchange. I think it should be fine as long as you are using the exchange normally because ultimately the exchange is earning money on each trade you make on their platform so there is no reason for them to ban or restrict you unless you do something fishy or outrageous.

Then I will not use that exchange. Wouldn't such exchanges ask for a customer's personal identity to ensure the customer doesn't come from a restricted country?

I will not force myself to pretend to be someone from a certain country worrying that my account is at greater risk of being locked.

When have country not allow without use VPN for registration you should use VPN, but you can check safety VPN without paid and getting free VPN for accessing to exchange market, I know what happen with several country block for using Paypal last few year and the same thing happen right now any country not have access to exchange market without use VPN. I think will safety using vpn to access on your exchange account but always protect your account exchange with 2fa, email authication and always keep notify on your email when some one access to your account. We can't know how secure with VPN to protect exchange account because many exchange not allowed to use VPN.

[molsewid]

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 don't use a VPN because it's not needed in my country. And if needed in our country, it would give me a headache because it will just slow the connection.

I hold my wallet in a good location because our country allows us to use and trade crypto-currency.

I don't use VPN for trading, personally I always classify it as tunnelling application which can be compromised by the providers, implication of using it is that vital information of the users can stolen like passwords and other valid documents, although my country allow the of cryptos thus giving me  the freewill to trade and transact it.

If you are using a free shady VPN then you have a point that they could have a backdoor and steal things, never install anything that is shady because it is free. When it comes to trading there is no point in using a VPN when you are submitting all your credentials to an exchange if you are trading with them. Even when you are trying to trade from a banned country most of the exchanges will not allow you to trade as you will never pass their KYC.

Very well said. I want to add more about using a FREE VPN. There are no such free services in this world. Some of these VPN sell customer's data. If you're thinking you're safe using these free services, think twice. Why would they create free services if they can't gain money from this business?

[noorman0]

We can't know how secure with VPN to protect exchange account because many exchange not allowed to use VPN.

That's why I would rather avoid using any VPN and choose an exchange that allows my country than having to hand over my details at a later date.
Hackers also rarely attack personal accounts instead of attacking exchange servers. So, protecting myself with a VPN layer to access the exchange I don't think is very useful.

[mich]

That sounds like my worse nightmare trying to explain to Crypto exchange that my IP isnt from where I actually am.

We have to jump though enough hoops to make sure our funds are safe with these exchanges as is.

Adding a VPN would onlt make it so much more complicated when they want to verify identity.  |

DO NOT attempt to do this- nothing good can come out of ir for you and you might lose all your funds.

[Strongkored]

With so many exchanges today traders have the option to trade on exchanges that don't block the trader's area of ​​origin, so there's no reason to use a VPN, maybe VPN can apply when using DEX.

[SnapExOfficial]

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?

Use paid VPN's, It works if you are trying to access SnapEx from a restricted country.

[abel1337]

That sounds like my worse nightmare trying to explain to Crypto exchange that my IP isnt from where I actually am.

We have to jump though enough hoops to make sure our funds are safe with these exchanges as is.

Adding a VPN would onlt make it so much more complicated when they want to verify identity.  |

DO NOT attempt to do this- nothing good can come out of ir for you and you might lose all your funds.

This is why we have to check their TOS. We have a choice if we don't want to use their exchange if we feel that their TOS is not suited for us, I am doing this for the sake of exchange but it is our responsibility to abide by their rules to avoid this kind of complication. It may be sensible that verification/KYC may solve all of the issues about country restriction but we agreed about some of their other terms and some loopholes that exchange might implement to us. Decentralized exchanges are made to avoid these kinds of problems but let's be honest that centralized exchange is more comfortable to use. There is some kind of trade-off on different platforms.

[shield132]

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?

And where do you live in such a place where you are under pressure if you trade cryptocurrencies? Or anyone on this forum can tell me any place where laws aren't crypto-friendly? If yes, then also quote from the law.
If you plan to use something, prioritize VPN over proxy because it encrypts and secures all the network traffic. Also, when choosing VPN, be 100% sure that you choose the one that offers unique IP address. When you use regular VPN and exchange sees that sometimes you log in from IP X, sometimes from Y, Z, etc, it does make you look suspicious for them. Their security is like a user must log in from certain IP regularly. New IPs everyday makes it hard for them to understand which one really belongs to you.

[rijaljun]

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 honestly don't recommend it especially if you are on a big exchange there's a high chance that they will detect you and close your account and worst thing is that they will confiscate your the fund in your account.

[Marina5]

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 honestly don't recommend it especially if you are on a big exchange there's a high chance that they will detect you and close your account and worst thing is that they will confiscate your the fund in your account.

Though many countries are not adopting CryptoCurrency but I think it is not problem for exchanging CryptoCurrency. Yes, using vpn can be harmful for account. Besides, I don't find any good opportunity in vpn for exchanging.

[bitbunnny]

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 honestly don't recommend it especially if you are on a big exchange there's a high chance that they will detect you and close your account and worst thing is that they will confiscate your the fund in your account.

I agree, that might be the issue. Although VPN also provides better security and protection when you use exchanges it's not recommended. It's not worth to risk troubles with your account.
Also, I don't think that any country waists time and resources just to monitor their citizens who trade on exchanges.

[semobo]

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 honestly don't recommend it especially if you are on a big exchange there's a high chance that they will detect you and close your account and worst thing is that they will confiscate your the fund in your account.

I agree, that might be the issue. Although VPN also provides better security and protection when you use exchanges it's not recommended. It's not worth to risk troubles with your account.
Also, I don't think that any country waists time and resources just to monitor their citizens who trade on exchanges.

Maybe the exchange itself monitor those stuffs to report their activities to their certain government. But it is nit going to give any benefits to the users only maybe helpful.to increase the number of crypto users from certain region for whatever purposes, intentionally.

[imstillthebest]

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 honestly don't recommend it especially if you are on a big exchange there's a high chance that they will detect you and close your account and worst thing is that they will confiscate your the fund in your account.

I agree, that might be the issue. Although VPN also provides better security and protection when you use exchanges it's not recommended. It's not worth to risk troubles with your account.
Also, I don't think that any country waists time and resources just to monitor their citizens who trade on exchanges.

Maybe the exchange itself monitor those stuffs to report their activities to their certain government. But it is nit going to give any benefits to the users

correct its the exchange that monitor , country or government wont waste time because they already banned the access on the first place , on some case the access isnt banned but you cant only enter the exchange if you didnt use a vpn because they may have been told that traders on those ' x ' countries are not going to be allowed .

 the exchange can get benefit from it if they obey the protocol given to them by the government such as if they monitor and report illegal users  .

[sulendra12]

Nope.
1. People can't see your IP because you don't share the data with the others. So, there is no reason to actually use VPN to hide your IP.
2. Trading is okay to do in most of the countries, even the internet provider tracks you, you should be fine. Unless you are gambling, then it's recommended to use VPN to bypass this risk.
3. Some of the exchanges prohibit the usage of VPN, so be aware of that.

[suzanne5223]

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.

I don't fully understand the potential hacks for personal trading accounts, but I don't think that's a strong reason to use VPN to protect account data from hacking because most trading accounts don't store too much personal data on their profile pages, not even a photo to download.

CMIIW.

But what would you do when the exchange does not allow registration from your country and there is no option but to use a proxy network to access the exchange. I think it should be fine as long as you are using the exchange normally because ultimately the exchange is earning money on each trade you make on their platform so there is no reason for them to ban or restrict you unless you do something fishy or outrageous.

Then I will not use that exchange. Wouldn't such exchanges ask for a customer's personal identity to ensure the customer doesn't come from a restricted country?

I will not force myself to pretend to be someone from a certain country worrying that my account is at greater risk of being locked.

When have country not allow without use VPN for registration you should use VPN, but you can check safety VPN without paid and getting free VPN for accessing to exchange market, I know what happen with several country block for using Paypal last few year and the same thing happen right now any country not have access to exchange market without use VPN. I think will safety using vpn to access on your exchange account but always protect your account exchange with 2fa, email authication and always keep notify on your email when some one access to your account.

The use of VPN to register an access an exchange site that restricted an area is not advisable because it totally against TOS of the exchange site and in the future if the user's have an issue that involve KYC or other identity verification it may lead to loose of fund and it better to stay away from such exchange site.

We can't know how secure with VPN to protect exchange account because many exchange not allowed to use VPN.

Mate, VPN was not use to protect exchange or social media accounts and it was use for a situation when privacy is top priority.

[South Park]

i'm not from crypto friendly sphere. but i won't using VPN service for cause of trading and i never needed VPN most of biggest exchanges i can access in my own country. some restricted exchanges i don’t need to use those. using vpn can threat for ur personal identification also.

It is simply not worth it, if you want to trade in a particular exchange that does not allow your country then it is better that you simply avoid that exchange instead of trying to trick them, there are many exchanges out there and I am sure one of them is bound to accept people from your country so there is no need to use a VPN at all, and if all of that fails you could always use a decentralized exchange and trade that way and not have to worry about such things ever again.

[Tigerheart3026]

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 honestly don't recommend it especially if you are on a big exchange there's a high chance that they will detect you and close your account and worst thing is that they will confiscate your the fund in your account.

Though many countries are not adopting CryptoCurrency but I think it is not problem for exchanging CryptoCurrency. Yes, using vpn can be harmful for account. Besides, I don't find any good opportunity in vpn for exchanging.

true it just doesn't matter to trading coins for this no need to crypto friendly country. there no way to government will find u. if u can access in favorite and user friendly exchanges, here why u have to depend on Vpn. if ur country's restricted in exchange when might be use if exchange allow vpn.   

[BTCappu]

I am managing three accounts from same exchange but all the three accounts are KYC verified. I am taking care of my friends' accounts and one my own account and this is the reason I am needing VPN to differentiate the accounts that I am managing from one computer. I have checked with exchange support for accessing through different country IP addresses and they cleared that is not a problem as long as we are all KYC compliant.

One big advantage I am enjoying through multiple accounts is, I'm able to gather multiple free giveaways. My friends also do not mind them so I'm able to collect them for my own benefits. I believe still I'm not breaking any of TOS of exchanges and also I am informing my friend about those free giveaways and just for the reason of I am taking care of their accounts, they are also happy to pay me in terms of those free exchange giveaways .

[South Park]

I am managing three accounts from same exchange but all the three accounts are KYC verified. I am taking care of my friends' accounts and one my own account and this is the reason I am needing VPN to differentiate the accounts that I am managing from one computer. I have checked with exchange support for accessing through different country IP addresses and they cleared that is not a problem as long as we are all KYC compliant.

One big advantage I am enjoying through multiple accounts is, I'm able to gather multiple free giveaways. My friends also do not mind them so I'm able to collect them for my own benefits. I believe still I'm not breaking any of TOS of exchanges and also I am informing my friend about those free giveaways and just for the reason of I am taking care of their accounts, they are also happy to pay me in terms of those free exchange giveaways .

Policies differ for each exchange if you do not any have problems from them when using their exchange in this way then that is fine, however stay up to date when they make any change on their TOS since they could always change their policies and then disallow what you are doing even if it was allowed before, some exchanges at that point could just terminate your accounts and then give you your money back which is fine but some exchanges use this as an excuse to steal from their customers and retain their funds so you need to be careful.