VPN for cryptocurrencies?

James

New member
Somehow using VPN makes me feel safe while working with cryptocurrencies, like transactions, payments and buying bitcoins. I've been using surfshark vpn for almost 3 months now and I guess it's okay. I haven't really tried other VPN's though for I don't want to risk my wallet just to try other VPN. You know, like what's the point if I have my door lock for months and it's not even rusted. The largest risk with cryptocurrency is that online exchanges are vulnerable, as mentioned, to hacking they say. I know some may already experienced this kind of problem, and I wonder how you manage to solve this. As someone who hasn't encountered such, I think it's a good opportunity to ask someone who does and help me point out what other things to do to secure not just my wallet account but also my other personal accounts.
Cool
Cool
 

Yadiel

Member
The largest risk with cryptocurrency is that online exchanges are vulnerable, as mentioned, to hacking they say. I know some may already experienced this kind of problem, and I wonder how you manage to solve this.
It's pretty simple.

1. Don't leave funds unnecessarily on exchanges; only leave funds that you are actively trading.
2. Use the reputable exchanges for potentially lower probabilities of the exchange getting breached.
3. Use TOTP 2FA.

As for accounts in general?

1. Use a reputable open-source password manager(like KeePass2 or Bitwarden) with a very secure master password.
2. Don't reuse passwords.
3. Keep passwords at max length(and variety of characters).
4. Don't download shady crap.
5. Use TOTP 2FA as much as possible.

Using a VPN isn't really going to help you that much in terms of security though. VPNs are mostly for privacy purposes; though I'm not sure with SurfShark. I'd personally recommend Mullvad.
 

Calvin

Member
I recommend you store your wallet on a system that's not connected to internet it would help enhence safety and out of hacks. And if you're to try other VPN it shouldn't be a free one because their security ain't guaranteed.
 

Seven

Member
Somehow using VPN makes me feel safe while working with cryptocurrencies, like transactions, payments and buying bitcoins. I've been using surfshark vpn for almost 3 months now and I guess it's okay.
I looked up surfshark and they claim to have a strict no-log policy, if it's true then it could pass as a good privacy protector. You could check out customer reviews for any other possible risk
VPNs that keep logs of user's activity poses a huge risk as that data could be leaked, or coerced out of them by a government agency. You could try using TOR over it as an added layer of encryption.
The largest risk with cryptocurrency is that online exchanges are vulnerable, as mentioned, to hacking they say. I know some may already experienced this kind of problem, and I wonder how you manage to solve this
Do not save your assets on online exchanges or any custodial wallet; if it's not your private keys, it's not your coins.
It may sound like an overkill, but if you truly want to maintain your anonymity then do not submit your identity to such websites or go through KYC, if they get hacked your data can be stolen, it can equally be coerced out of them by a government agency.
For storage use a good non-custodial wallet like electrum.
other things to do to secure not just my wallet account but also my other personal accounts.
Cool
Cool
• Do not hold sensitive assets on devices you frequently visit the internet through. For extra privacy you can check out a hardware wallet.
• Do not open unverified links
• Keep your contact details, like email address, private.
• Avoid search engines or ISPs that store user information and stick to privacy centered platforms.
 

Jesus

Member
Somehow using VPN makes me feel safe while working with cryptocurrencies, like transactions, payments and buying bitcoins. I've been using surfshark vpn for almost 3 months now and I guess it's okay. I haven't really tried other VPN's though for I don't want to risk my wallet just to try other VPN
I never use a VPN for cryptocurrency activities because there is a big risk, no matter premium or free VPN because both can be a bridge for data theft on your device. Before that happens, avoid the risk of losing your assets.
 

Stone

Member
That's a false feeling of security. VPN does not help you with anything. Your funds on exchanges will be safe as long as those exchanges do their job properly, not because you use a VPN. If anything, it might help you with data encryption when visiting several sites, but certainly not gonna help you if you type your seed carelessly. If you're using a wallet like Electrum, input the seed when your computer is offline and clear the clipboard after that. Don't be trust your VPN provider too much.
 

Dhruv

Member
Your money resides on the blockchain network, not anywhere on your device. The Internet is just a tool if you want criminal justice to use the TOR Browser. It will provide you with complete anonymity. If you are using centralized exchanges for exchange then a VPN is completely pointless because your assets are managed by the exchange.
To protect your property, always keep your computer's software up to date and make sure they are copyrighted; Cryptocurrencies stored in centralized exchanges need to be protected by multiple layers.
 
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