The Best VPN For Buying And Selling Bitcoin In May 2022
With interest in the crypto market higher than ever, cryptocurrencies are seeing unprecedented growth. Altcoins such as Ether are reaching new all time highs, and Bitcoin itself has doubled its 2017 all time high of $20,000 USD – a feat many thought was unlikely at best.
As a result, plenty of people are taking an interest in Bitcoin as a viable investment – with this being said, a safe, secure and private approach to buying and selling cryptocurrency is crucial in ensuring that you are protected as you make online transactions.
This is where the importance of using a VPN becomes apparent – the right VPN will ensure that you can maintain anonymity, leave no traces of transactions, ensure transactions are secure, and minimize transaction speed bottlenecks caused by connection speeds.
Safe And Secure Bitcoin Transactions
A VPN essentially works by creating an encrypted connection (think of it as a data tunnel) between you and the internet. In addition to ensuring that your connection is secure and protected from external threats, this process disguises your IP address, meaning that no one can see your location.
While this is important and has numerous benefits in any online situation, the advantages are even more clear within the context of a cryptocurrency transaction.
The exchange which is used will depend on a number of factors, such as location, trading volumes and frequencies. Consider this example – an Australian investor has taken an interest in Bitcoin, and intends on investing small amounts into the cryptocurrency. To do this, his best approach might be to use an Australian online exchange where Bitcoin can be purchased – this will ensure the exchange adheres to any relevant laws within his location. However, in ensuring that the payments he makes for Bitcoin (in both buying and selling situations) are anonymous and protected from third parties, he will need to employ the use of a VPN.
The Best VPNs For Bitcoin
While you might already have a good plan regarding the exchange and cryptocurrencies you are interested in, choosing the right VPN is another decision in itself, with various considerations involved.
With this in mind, here are some of the VPNs for Bitcoin in May 2022.
As number one on this list of best VPNs for Bitcoin in May 2022, NordVPN offers a vast range of features on top of straightforward usability and strong reliability.
NordVPN offers access to thousands of secure international servers, as well as dedicated P2P servers. These all include AES-256 encryption, kill switches, DDoS protection, and various other features. In addition to these security features, NordVPN provides anonymity that is standard with any VPN and also maximises connection speeds across all servers. Not to mention, it is cost effective.
Next on this list is CyberGhost – this is a VPN provider that strikes a balance between protection and convenience. It offers high speeds alongside unlimited bandwidth and traffic, and you can connect to up to 7 devices on one account.
In addition to these speed and convenience features, CyberGhost offers 100% privacy and anonymity with military grade encryption, as well as a significant number of servers that mean you are able to bypass almost any geo-restriction on an international scale. Ultimately, CyberGhost is a great option that (similarly to NordVPN) is convenient for a range of other uses.
Surfshark is another VPN service that in many ways is on par (or even better than) NordVPN and CyberGhost. Having won a number of awards with various cybersecurity organisations, it has received strong reviews from a number of online publications, and boasts benefits regarding protection from hacking, malware, identity theft, and more.
Regarding cryptocurrency trading, SurfShark is a strong VPN option that will guarantee anonymity, protection, and speed as you buy and sell Bitcoin.
Why Bitcoin Popularity Is Surging This Year
Crypto prices have consistently been reaching new highs this year, as attitudes towards the digital currency continue to evolve.
With this surge in crypto prices, more and more institutional investors are jumping on board, and big companies like PayPal have even gotten involved with their own crypto exchange services. This has been a significant vote of confidence that is giving increasing numbers of retail investors the confidence to invest, as cryptocurrencies like Bitcoin are increasingly seen as viable long term investments.
Looking forward, the future of crypto is looking positive. If you want to buy bitcoin, whether it is through an online exchange such as IR or on a P2P basis, the right VPN is crucial in ensuring that your transactions are as safe and secure as possible.