VPN for cryptocurrencies? - page 2. | Bitcointalksearch.org

figmentofmyass

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Quote from: mk4 on September 03, 2020, 09:18:52 AM

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.

one thing to keep in mind: any one of them could be a honeypot. that's the danger of centralized, opaque services.

i used to swear by PIA because their no-logging policy was tested twice in court, but then they got bought by kape technologies, who is known for collecting and selling user data. https://www.reddit.com/r/PrivateInternetAccess/comments/e0kq68/longtime_pia_user_here_run_dont_walk_away_from/

mullvad and windscribe seem to be the recommended alternatives now.

another option is to route your traffic over tor. wasabi wallet does this by default.

hulla

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Quote from: NavI_027 on September 03, 2020, 08:01:07 PM

Yes! The use of VPN can offer you data security and protects you against malicious websites

Protect against malicious websites? Thats not possible cause VPN have no control over visit site and VPN does is to secure user data information through the use of another internet protocol address but there future obstacles when using VPN for cryptocurrency and I will advise the OP to always check the crypto related site he use if they didn't support VPN before using it.

@OP, if you're scared of exchange site being hacked the option you have is to exchange site that offers SAFU. An example is Binance.

akram143

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VPN is not going to give any security to your wallet, is just creates a proxy location but the transactions made on blockchain based on address so there is no need of location and no one can trace your address as well.About exchange I won't really suggest using VPNs because your account might get blocked for suspicious activity for changing the locations in short time frame.

bob123

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Quote from: akiraminai on September 03, 2020, 08:59:58 AM

Somehow using VPN makes me feel safe while working with cryptocurrencies, like transactions, payments and buying bitcoins.

It may increase your perceived level of security, but doesn't help you at all.
Using a VPN makes it not more secure. Not even slightly.

With a VPN, you are simply shifting the trust from your ISP to your VPN provider. That's all. Security-wise there is no difference.

Quote from: akiraminai on September 03, 2020, 08:59:58 AM

I haven't really tried other VPN's though for I don't want to risk my wallet just to try other VPN.

You can try any VPN you want. You are only giving away your privacy. Your wallet is not more or less secure based on which VPN provider (or if any at all) you use.

Quote from: akiraminai on September 03, 2020, 08:59:58 AM

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.

Definitely not by using a VPN since they don't help you.
Its mostly some simple things like using different passwords, not downloading tons of free software just because it's free, not downloading cracked software, using specific chosen browser addons (and only these few security-related), using 2FA (and actually on a second device!), etc..

You will be fine following these few relatively simple things.

taufik123

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So far, I have never used a VPN to support my work and activities on the internet and until now my data is still safe.
VPN is only used only to open sites that are blocked by my country.

What keeps you safe is not just a VPN, but the security of your device must also be considered. Use of antivirus for devices and stay away from things that are at risk of directing you to malware and phishing tools such as advertisements on the internet.

There is nothing wrong with using a VPN, as long as the VPN is safe and paid of course. Don't use a free VPN that is used by many people because it is more risky and we don't know who is using it.

abel1337

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I think there's no need for a VPN for your coins that is sitting on an exchange to be safe, This could also cause some trouble if there is an anomaly on your account, There could be a possibility that the exchange might lock your account due to IP jumping that might cause a larger problem. 2FA itself is sufficient enough for your accounts to keep it safe. I'm using a 2FA level of security for a long time now and I don't use VPN but I really don't have any problem with security. Avoiding possible risks like using free wifi, downloading random files, accessing fishy websites can increase your own security. Just be cautious about what you are doing on the internet and you will be fine.

zeingrind777

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Why do you believe that a VPN will secure your assets from being hacked? I'm not sure about VPNs. If I wanted to secure my assets, I would not keep them in exchange wallets, especially centralized exchanges. Because they will be controlling the assets you hold.

imstillthebest

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Quote from: Yaunfitda on September 04, 2020, 02:10:45 AM

Quote from: aioc on September 04, 2020, 02:00:31 AM

VPN is one of the options to make yourself anonymous in the internet but it's just a small part of the whole system on how you keep your Cryptocurrencies safe.

I disagree though, VPN won't make you anonymous, specially if you used this so called free VPN. This might be a good guide though, https://thatoneprivacysite.net/#simple-vpn-comparison. And everyone should read their TOS very carefully. Because maybe some of them are collecting your real name and addresses, just saying. The OP can find a lot of guides in the Beginners & Help.

of course because they are only free and they can only offer basic features such as faking your ip or country . premium obviously offer better features but i think they can still get your infos if they wanted to .

i like the idea suggested by user @lovesmayfamilis of creating our own vpn or by using an operating system that can mask your privacy .

mk4

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Quote from: taufik0911 on September 04, 2020, 01:20:48 AM

If you want to be safe, I usually use linux to make transactions, etc. because linux is more secure than keyloggers and others
coupled with a linux security system that is better than other OS and uses vpn
this is just my opinion, what do you think?

The operating system you're using is just one of the factors ff the security of your funds. Sure you can use Linux, and theoretically Linux is more secure because malware mostly targets Windows devices anyway, but some of the less-technically knowledgeable people tend to execute random shell scripts they've found on the internet without knowing for sure what the script does. It's pretty much a double-edged sword.

lovesmayfamilis

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Quote from: taufik0911 on September 04, 2020, 01:20:48 AM

If you want to be safe, I usually use linux to make transactions, etc. because linux is more secure than keyloggers and others
coupled with a linux security system that is better than other OS and uses vpn
this is just my opinion, what do you think?

Yes, that's right. I also love Linux and feel more secure when I work on this system.
But we must always understand that neither Linux nor VPN can completely protect you from all kinds of fraud. VPN is just a false sense of your privacy. Using only VPN does not in any way affect the fact that all other trackers will not knock on the right places about your activity. VPN is just a change of IP, that's all. I will say more, there is not a single VPN that does not keep its own logs. The best option is to use your own VPN, which you make yourself.

Yaunfitda

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Quote from: aioc on September 04, 2020, 02:00:31 AM

VPN is one of the options to make yourself anonymous in the internet but it's just a small part of the whole system on how you keep your Cryptocurrencies safe.

I disagree though, VPN won't make you anonymous, specially if you used this so called free VPN. This might be a good guide though, https://thatoneprivacysite.net/#simple-vpn-comparison. And everyone should read their TOS very carefully. Because maybe some of them are collecting your real name and addresses, just saying. The OP can find a lot of guides in the Beginners & Help.

theskillzdatklls

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Make sure that the VPN uses OpenVPN, accepts Bitcoin and is located in a good jurisdiction. Privacytools.io has a lot of good suggestions for this and many other software suggestions.

maxig.boroday

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IMO its fine to use VPN for cryptocurrencies it wont affect your investment at all what you should be aware and worried about is the project and the exchange that you were using. Make sure you use an exchange without a hacking incident before or invest on a project which has a clear whitepaper

aioc

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VPN is one of the options to make yourself anonymous in the internet but it's just a small part of the whole system on how you keep your Cryptocurrencies safe.

Do not download anything from untrusted sites
Do not store your coins in one wallet or in one computer
Do not talk about your portfolio even to your close friends
Keep your private key in a place that you are the only one who knows it

There are still many guides on how to safeguard your coin and educating and awareness on the many risk
and how hackers are working will benefit you a lot.

davis196

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Quote from: akiraminai on September 03, 2020, 08:59:58 AM

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

Using a VPN is about protecting your online privacy,which is little bit different than your online safety.
A VPN by itself can't guarantee your online security.Just watch a few Youtube videos about VPNs(not the ones that are promoting them) and you will see that VPNs aren't that secure.
I've never heard about this surfshark VPN.I guess this is one of the smaller players on the VPN market.
Using really strong passwords,having good browsing habits,anti-virus software and using only trusted crypto exchange platforms and wallets is more important than the VPN you are using.

taufik0911

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If you want to be safe, I usually use linux to make transactions, etc. because linux is more secure than keyloggers and others
coupled with a linux security system that is better than other OS and uses vpn
this is just my opinion, what do you think?

maxreish

sr. member

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Just so you know, Ive tried so many vpns. It will just changed your network, your ip address temporarily. And this does not actually affect the security of your cryprocurrency wallets. Unless, you downloaded a fake vpns in unlicensed websites which contains malware to hack your coins. Then it's possible.

And there's nothing wrong actually if you use vpn or not for the protection of your coins, as long as you still has the private keys, did not clicked malwares and phishing sites, then it is all good. You mentioned, too about vulnerability of online exchanges. It's pretty simple. Just choose secured, established and trusted exchange so you dont have to worry and paranoid about those hacking issues. Since, even the most truated exchange can't escape with the hacks but they are liable and responsible for the returns.

maydna

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The first thing that you need to do is don't store your asset in the exchanges in a big amount because that is the prevention that we can do from the hacking. We don't know if the exchanges can still protect their site because the hacker will search for the bugs, and they will penetrate inside the website.

You can store your asset in a separate wallet, and don't connect it through the internet if you don't want to send the funds to withdraw or trade or else. Make sure you don't browse or visit on the strange website which you don't know if that site is safe or not. I think you need to have a pc or laptop that will only you used for trading, sending the funds, and not used to browsing.

Many things that we can do to prevent hacker, but we still need to be careful while we are online on the internet.

TravelMug

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Quote from: joniboini on September 03, 2020, 10:45:51 AM

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.

This one, VPN and security? What VPN is the OP using? VPN just gives you this sense of security but it is not. Did you know that we have "Five Eyes, Nine Eyes and 14-Eyes Countries" for VPN Jurisdiction?

As far as hacking exchanges, "not your keys, not your coins". If you left huge amount of your coins in an exchange then there is that vulnerabilities. Don't be trick on clicking any link, specially those that originated from unknown origin as you might get phish.

NavI_027

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Yes! The use of VPN can offer you data security and protects you against malicious websites but it doesn't mean that you are already bulletproof. Like on the example you've mentioned, once the exchange you used get hacked you can't do anything about it. It was just a mere misfortune. Securing your connection is a great move but it would be nonsense if you use a scam service in the first place. Thus, only use reputable exchange (e.g. Binance, Coinbase or your local one) to hugely minimize the risk of such errors

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