Home GuidesCryptocurrency

Follow us on Twitter or join our Telegram

Should I Use VPN for Cryptocurrency Transactions?

vpn for crypto cryptocurrency bitcoin

So, you’ve been trying to learn as much as possible about cryptocurrencies and how to keep them secure. That’s a smart move that is ignored by most.

If you are also new to VPNs, you might wonder to what degree it helps to secure your cryptocurrencies. Is it helpful at all, and what should you do about it?

This short guide is precisely about that - should you use VPN for cryptocurrency transactions?

Should I use a VPN for cryptocurrency transactions?

VPNs do improve your crypto security but only from the privacy side of things. As you may know, Bitcoin and other cryptocurrencies (except privacy coins) are not anonymous but pseudonymous. It makes it rather easy to track your financial activities once you go through a KYC/AML verification. After all, all transactions are stored on a distributed public ledger, and you also leave an IP footprint at crypto exchanges and other internet service providers.

vpn for cryptocurrency transactions

A good privacy-oriented VPN service helps you to protect your identity from whoever wants to track you, be it hackers, a government agency, or a malicious third-party. It’s a commonly accepted fact that privacy a fundamental human right amongst civilized people. No one can steal your hard-earned money if they don’t know it’s you who owns it, which is why privacy is the ultimate security measure.

Speaking of bitcoin and crypto security, you shouldn’t sweat it - all cryptocurrency protocols are designed with the highest level of security in mind and use end-to-end encryption. Most exchange websites use HTTPS end-to-end encryption, too, so no one can intercept the data you send directly to them unless you're exposed to critical security vulnerabilities. A VPN service adds an extra layer on top of that, which makes all of your web interactions more secure.

These are the key reasons why you should use a VPN when working with cryptocurrencies:

  • VPN encrypts the data you send through the network, making it harder to intercept.
  • VPN adds another layer of security against malware, viruses, and phishing attacks.
  • It hides your IP address to prevent IP tracking by hackers, government officials, and forensic analysis firms, so you can buy and sell crypto completely anonymously (if you avoid KYC/AML exchanges).
  • A privacy-oriented VPN doesn’t store your logs and has a kill-switch, which helps to maintain your anonymity. [*]Don’t fall for free VPNs for your crypto activities, as these service providers tend to fund themselves by selling your private data. If you are serious about your privacy and security, go for a paid VPN, as they are more reliable and secure.

Which VPN should I use for cryptocurrency transactions?

There is a sea of VPN providers out there, so it takes days of research to find the right one. Even so, not every service provider is reliable, especially when it comes to privacy and anonymity.

If that’s your concern, you should look for a VPN with a strict no logs policy and a kill-switch function. No logs mean the service provider doesn’t collect your browsing data, so activity remains completely private. Otherwise, your browsing activities are logged and can be turned over to governments with surveillance programs or sold to advertisers.

The kill-switch feature terminates your internet connection without exposing your IP address when there are connection issues between you and the VPN service. In other words, it prevents websites from accessing your real IP address in case of a VPN connection failure. That’s why it is vital for your privacy, too.

Top-rated VPN providers typically come from states without mass surveillance programs. For example, countries like the British Virgin Islands, Panama, and Switzerland don't force VPNs to collect and store user data, which is somewhat liberating in today’s digital world.

In contrast, many VPNs advertise themselves as privacy-oriented services only to hand over your private information when surveillance agencies request it. Be wary of VPN services that are based in the United States, United Kingdom, Australia, New Zealand, and Canada, which are also known as the “Five Eyes” countries. The same goes for “free” VPN services.

So which VPN is the best for cryptocurrency transactions?

One of the most recommended VPN’s out there is NordVPN. Based in Panama, it’s by far the most advanced and reliable VPN for cryptocurrency enthusiasts.

best VPN for crypto

It has a strict no-logs policy, automatic kill-switch, DNS leak resolver, simultaneous protection for multiple devices, as well as related premium features like static IP, streaming services access, double encryption, and onion (Tor) over VPN.

Besides, like every privacy respecting VPN provider, NordVPN accepts cryptocurrency payments. At the moment, you can pay for it using Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Dash (DASH), Monero (XMR), Zcash (ZEC), Tron (TRX), and BitTorrent (BTT) cryptocurrencies.

NordVPN offers great deals, too. Right now you can get an up to 68% discount if you sign up via this link.

Should I Use VPN for Cryptocurrency Transactions? 101


A reliable VPN is a handy privacy and anonymity tool for everyone who deals with cryptocurrencies. It’s not a compulsory security measure that will save you from all and any harm (like malware, hackers, and viruses) and cryptocurrencies are already secure as they are cryptographically encrypted by design, but it can definitely enhance your security and protect your identity. Look for a no-logs VPN when choosing one and don’t forget to support service providers who accept payments in cryptocurrencies. When used correctly, a privacy-oriented VPN becomes an invaluable instrument in your security toolset.

More Guides

Cryptotag Zeus Review (2021)

Cryptotag Zeus seed backup plate is a must-have for every serious hodler. If you are preparing to take your crypto coins out of exchanges or already store them in a private hardware wallet, the importance of a proper backup set up should not be...

Read more

What Is Yield Farming?

Often associated with risky ventures with crazy returns, yield farming has been generating quite a buzz. With Ethereum’s recent...

Read more

Top 10 Decentralized Exchanges (DEX) in 2021

If you’ve been trading for crypto, you’ve probably been using centralized exchanges like Binance or Huobi. As of now, using a...

Read more

What is DeFi? Decentralized Finance Explained

Do we know what happens within the central banks and massive financial institutions that dictate our financial lives? Is there a recorded history of all their transactions that we can look up at will? This doesn’t seem to be the case. We...

Read more

Trezor Model T Review (2021) - Should You Buy It?

If you want to keep your cryptocurrency secure, a crypto hardware wallet is a way to go. But which one should you choose? In this article, we review Trezor Model T - one of the most advanced multi-currency hardware wallets out there.

Read more

Crypto.Games Review (2021): Simple & Fun Crypto Casino

Are you looking to game with the added security and privacy that cryptocurrencies offer? Crypto.Games is your best bet: with fast transactions and old-school games sure to give you nostalgic flashbacks, here you will find eight provably fair games...

Read more