When You trade Do You use VPN?

[Franctoshi]

On a few platforms where I have tried using VPN to trade, I got some warnings, and I was unable to place any trade so far my VPS was switched on. Binance and Kucoin are typical examples of exchanges where you can't trade with a VPN and there is a possibility that your account may get a ban in the process. While L Bank, Bitmert exchange is accessible with VPN as of the last time I had a transaction with the platform sometime in 2021, but don't know if there have been any changes by now.

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[tjtonmoy]

I live in Bangladesh, and cryptocurrency is banned here. Although it is banned, some trading platforms could still be accessed and are not banned.  So when I use them, I try not to use VPNs. Because the latency could somehow disrupt the timing of trades. Price moves so fast sometimes and it becomes difficult to open or close trades in that kind of situation. I think it is always best to use any VPN service for normal use. When there aren't any complications about latency, we should always protect our privacy.

Recently there are some news and new law for the usage of cryptocurrency. If found guilty of owning or being involved with crypto, you could get into jail. Even right now, I am accessing the Bitcoin forum with a VPN. I don't know what will happen if they track me now. But it is always smart to take proper caution. Trying to stay away from any troubles. So right now VPN is the best option I guess.

[Mr.right85]

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 would have said there are only handful of crypto friendly nations in our would but they aren't up to a handful of those. Most of what we've got are nations that aren't very objective of it but still, they alienate the currency and that's what it's going to be to many nations for a long time, foreign until, its inevitable.

Again, why do I have to hodl my cryptocurrency in nations with better jurisdiction?
What nations hbe enter jurisdiction?

Using VPN on many platforms are considered an uncultured act and shouldn't be so, I rather stick with what is local than seek refuge in places where should it turn south, I'll have foreign policies to deal with.

[palle11]

Using VPN on many platforms are considered an uncultured act and shouldn't be so, I rather stick with what is local than seek refuge in places where should it turn south, I'll have foreign policies to deal with.

VPN is indicative of some restrictions. It is when you don't want to be identified either through your IP that you may want to use VPN or it is personal for the person to use it based on his or her own decision even if no restrictions but otherwise just very few or maybe no one want to bother themselves about VPN. If your country have no trade restrictions on cryptocurrency, why the need for VPN.

[Woodie]

Kind of use VPNs because I had access to free data through it but because am mostly trading through prop firms that have their own rules...and for starters VPNs aren't allowed here unless you tell them about it before you trade..also they discourage the use of VPNs because some people were fond of group trading which was considered a red flag on their side as it showed that some users hardly knew how to trade but were simply copy trading.

This is not mandatory and I advise you to carefully consider the choice. In general, third-party programs are always a risk.

Agreed, but it will also depend on the broker or whatever platform used for trading.

[mvdheuvel1983]

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.

Yea, VPN doesn't do anything. Anyone who has a little knowledge about Cybersecurity will know that a VPN is almost as good as useless. Doesn't do you any much good. And never combine Tor and VPN. If you are in a country where cryto trading is illegal, please do not break the law by trying to trade just obey the law. It is only a person who has freedom that can trade, buy or sell cryptocurrencies.

[blockman]

Yea, VPN doesn't do anything. Anyone who has a little knowledge about Cybersecurity will know that a VPN is almost as good as useless. Doesn't do you any much good. And never combine Tor and VPN. If you are in a country where cryto trading is illegal, please do not break the law by trying to trade just obey the law. It is only a person who has freedom that can trade, buy or sell cryptocurrencies.

It doesn't really do a thing in trading unless you're from a country that has banned crypto and trading it but you're trying to break that law, you're at risk in using it. So those that are in a tough situation that they are required to use VPN, they are aware of the consequences that they might face later on upon breaking the law through it.

VPN is indicative of some restrictions. It is when you don't want to be identified either through your IP that you may want to use VPN or it is personal for the person to use it based on his or her own decision even if no restrictions but otherwise just very few or maybe no one want to bother themselves about VPN. If your country have no trade restrictions on cryptocurrency, why the need for VPN.

This is the typical use of VPN for the majority just to avoid the exact IP and location they have. But for those that are in real situation that they can't trade, this is their solution.

[jaberwock]

However, I'm unsure about its actual benefits and whether it's necessary. Does using a VPN provide additional security and privacy? Are there any drawbacks or potential issues when trading with a VPN? I'd appreciate hearing from traders who have experience using VPNs for their trading activities. Thank you

The OP already gave a hint on what it can do. If you still can't get it then I will make it straight to the point. VPN allows you to fake your location by changing your IP address and you can now access those blocked websites. It is necessary if you badly want to use those websites. It does provide a security and privacy.

There is only a drawback and that is if you got caught, you will face serious consequences. First, you can get fined or jailed by your locality then second is your online accounts will be closed down. I never tried using a VPN though wherever I trade because fortunately trading in my country is still allowed but I am confident that what I'm saying earlier was accurate.

[Dunamisx]

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?

The most annoying mistake of using the VPN is that it gets disconnected atimes unknowingly to you while you think it might still be active and then you keep on doing the norms without knowing it was been disconnected due to network glitches it has encounter, while your IP address is already been tracked and marked down on the process, there are some mistakes that are inevitable on a long run that you will discover them the least time you expect seing them manifest, you cannot always remained careful enough in avoiding such kind of mistakes, so I will advise you don't start at all.

[Timmzzy]

This topic is kind of old, for activities to be contributed to and the OP had negative trust as well. That being said why will you have to trade with VPN, what are you actually hidding is what I don't understand, probably you ain't a trusted fella and let's say the activities you engaged your self in are illegal. That's why you intend to stay anonymous.

[|MINER|]

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 haven't use any vpn on for my trading. Because trading on centralized exchangers is already Risky and here if you use vpn it can be more high risky. Because when you use a centralized exchanger, your funds will be on their custody, if you use a VPN, they can take it the break their rules and can freeze your funds. So it will be best to find a platform where you can use that without vpn. Also if it is illegal in your country then you should find another way instead of trading

[zahed]

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.

Why not possible to hide my Ip address? So many premium VPN company still provided such opportunity to keep anonymous, there are no problem to use crypto even also you are not belong in any crypto friendly country, if government did not monitoring that. You can use TOR browser here your browsing history will be encrypted.

[armanda90]

Last years when my country banned or blocked access to Binance exchange almost of our member used VPN for trading in Binance, right now not only Binance but also many exchange have been blocked by our government from Huobi and Bitmart. There are not any option yet except have to used and installed VPN in our mobile phone or add on VPN on chrome website, but today we can access to some exchange blocked trough exchange application but not available using exchange via browser.

Its not happy for us active trading on global exchange when blocking by government, I don't think with our account exchange keep secure because access using VPN and have risk later if account get blocked.

[sana54210]

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?

Absolutely not, I just do not take that risk because exchanges are places that has all of your money when you are trading. I understand the whole "store your coins somewhere private" but when you are trading you can't do that and it's mainly on exchanges. So that means we are going to have to force ourselves to accept that exchanges have power over ourselves and there is nothing wrong with it because it's just for that moment alone.

I will continue to just not use VPN or do anything that will put any risk into it, I will end up doing as much as possible and that way I will end up with what I have instead. I know that it's going to be a bit of a difficult thing to do but it's not going to be difficult after you start, it's only hard until you accept this as reality.

[AbuBhakar]

Last years when my country banned or blocked access to Binance exchange almost of our member used VPN for trading in Binance, right now not only Binance but also many exchange have been blocked by our government from Huobi and Bitmart. There are not any option yet except have to used and installed VPN in our mobile phone or add on VPN on chrome website, but today we can access to some exchange blocked trough exchange application but not available using exchange via browser.

Its not happy for us active trading on global exchange when blocking by government, I don't think with our account exchange keep secure because access using VPN and have risk later if account get blocked.

There’s a tons of risk doing that because you are clearly violating your country law and put Binance in jeopardy by accepting customers from restricted country. I’m wondering how can you still manage to exchange like Binance it has a mandatory KYC which they will detect that you are from restricted country the moment you submit your ID.

Binance is strict on freezing an account of users that came from restricted country. You should use DEX instead of CEX if you want a safe trading. CEX is the most dangerous service that you can use given your country restriction.

[jeraldskie11]

Last years when my country banned or blocked access to Binance exchange almost of our member used VPN for trading in Binance, right now not only Binance but also many exchange have been blocked by our government from Huobi and Bitmart. There are not any option yet except have to used and installed VPN in our mobile phone or add on VPN on chrome website, but today we can access to some exchange blocked trough exchange application but not available using exchange via browser.

Its not happy for us active trading on global exchange when blocking by government, I don't think with our account exchange keep secure because access using VPN and have risk later if account get blocked.

There’s a tons of risk doing that because you are clearly violating your country law and put Binance in jeopardy by accepting customers from restricted country. I’m wondering how can you still manage to exchange like Binance it has a mandatory KYC which they will detect that you are from restricted country the moment you submit your ID.

Binance is strict on freezing an account of users that came from restricted country. You should use DEX instead of CEX if you want a safe trading. CEX is the most dangerous service that you can use given your country restriction.

If he is using vpn but still can manage to withdraw, maybe he already a KYC verified before the country banned using Binance. When Binance was new, you can still withdraw without a KYC but now you can't be able to withdraw without the account verified. There's nothing wrong using vpn to trade in Binance but you have to make sure all the time before you trade you must activate the VPN because if you forgot, there's possibility of freezing your account.

I tried utilizing DEX before but didn't find any futures trading. If there is no futures trading today, I will choose CEX because it is more efficient, which is why most traders prefer CEX to DEX.

[taufik123]

-snip-
There's nothing wrong using vpn to trade in Binance but you have to make sure all the time before you trade you must activate the VPN because if you forgot, there's possibility of freezing your account.

But you should use a premium VPN to make trading more secure.
If you insist on using a free VPN it will be even more dangerous than just being frozen.
 
We don't know who is using the same proxy or IP as us on the free VPN.
Sometimes VPNs store cache and cookies and that can be a good opportunity for hacking.

There are many premium VPNs available if you must use a VPN, but I don't use VPNs or third-party apps.
Just change the proxy and Binance can be accessed or use a backup domain of Binance that can be accessed in my country like Binance.me.

I tried utilizing DEX before but didn't find any futures trading. If there is no futures trading today, I will choose CEX because it is more efficient, which is why most traders prefer CEX to DEX.

CEX is more attractive and Binance is more popular. You also have to think about the security of your assets, don't trust your assets too much on CEX or DEX.
Asset security is number one.

[Quidat]

Last years when my country banned or blocked access to Binance exchange almost of our member used VPN for trading in Binance, right now not only Binance but also many exchange have been blocked by our government from Huobi and Bitmart. There are not any option yet except have to used and installed VPN in our mobile phone or add on VPN on chrome website, but today we can access to some exchange blocked trough exchange application but not available using exchange via browser.

Its not happy for us active trading on global exchange when blocking by government, I don't think with our account exchange keep secure because access using VPN and have risk later if account get blocked.

There’s a tons of risk doing that because you are clearly violating your country law and put Binance in jeopardy by accepting customers from restricted country. I’m wondering how can you still manage to exchange like Binance it has a mandatory KYC which they will detect that you are from restricted country the moment you submit your ID.

Binance is strict on freezing an account of users that came from restricted country. You should use DEX instead of CEX if you want a safe trading. CEX is the most dangerous service that you can use given your country restriction.

If he is using vpn but still can manage to withdraw, maybe he already a KYC verified before the country banned using Binance. When Binance was new, you can still withdraw without a KYC but now you can't be able to withdraw without the account verified. There's nothing wrong using vpn to trade in Binance but you have to make sure all the time before you trade you must activate the VPN because if you forgot, there's possibility of freezing your account.

I tried utilizing DEX before but didn't find any futures trading. If there is no futures trading today, I will choose CEX because it is more efficient, which is why most traders prefer CEX to DEX.

It would all boils down on the terms and conditions of a certain exchange platform. Period.
This is why it would really be always important that you should always read up terms and conditions not only limited to gambling platforms but also in exchange platform as well so that you would be wary on what are their exclusions when it comes to places and on what are their rules specially on VPN.

If you are included on the place or country on which they are prohibiting in, then why would you that trying to force on using up such platform? You are really just basically trying out to create a
potential huge problem or headache later on once you do make yourself get caught by them.

[hd49728]

Yes, I do use a VPN proxy, especially when residing in a country where cryptocurrency trading is not as crypto-friendly due to legal restrictions or regulatory uncertainties. Utilizing a VPN can help enhance privacy and security by encrypting my internet connection and masking my IP address, which adds an extra layer of protection when engaging in crypto-related activities.

When you use a VPN proxy, you must consider Terms of Service has anything against VPN or not. If that exchange allows users to use VPN proxy, you can consider a next one. If you want to prevent problems with your national restrictions on cryptocurrency trading, you can use VPN but VPN proxy does not help you too much.

If you want to do this to avoid problems with governments, you must find non KYC exchanges to use. If you use a centralized exchange, with KYC, VPN proxy does not help you to hide your identity from government. If government want to find you, they can submit a request to that exchange and require them to share your identity with them.

[Oneandpure]

When it comes to the jurisdiction of my machine or wallet, I tend to consider jurisdictions with favorable regulations and a supportive stance towards cryptocurrencies. Choosing a jurisdiction that provides a clear legal framework, strong investor protection, and a well-established financial infrastructure can offer additional peace of mind and legal protection for my crypto holdings.

However, it's important to note that the choice of jurisdiction should be carefully evaluated, taking into account factors such as tax implications, accessibility to financial services, and the credibility of the jurisdiction itself. Seeking professional advice and conducting thorough research is crucial to ensure compliance with local laws and regulations while safeguarding one's assets.

Its an unavoidable position for traders to use VPN because access to some markets is blocked by the government, I have been in your position and don't know how secure with our account when accessing trough VPN will account block immediately one day later? Huobi is most exchange used for trading but I can't login with my country IP and have to use VPN, right now still secure with my account and deposit or withdrawing without any problem but not guarantee until how long access using VPN keep secure.

Dilemma for us with several market blocked in my country, do not know what have to do because Huobi is main exchange for trading and right now I still exist with this exchange.