When You trade Do You use VPN? - page 2.

SamReomo

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Quote from: Patrol69 on July 13, 2023, 11:36:44 PM

There is no need to use a VPN to use any crypto exchange in my country because all crypto exchanges are directly licensed in our country. Transacting through vpn is a bit annoying because most of the time in case of vpn the server has problems which makes it difficult to conduct transactions or other activities properly. But if there is a country where the use of crypto exchange is completely prohibited then the users of that country must take such advantage through VPN.
Another annoying aspect of using vpn is that whenever you use vpn you will get annoying ads which are really annoying. And choosing a good quality VPN is difficult. Most countries can use crypto exchanges directly without the hassle of a VPN.

The same is the situation here, I don't really need to use any kind of VPN connection in order to use crypto exchanges in my country because there isn't any restriction from regulators of my country on those exchanges and they have been working without any issues.

However, I must say that if there were restriction from the government on those exchanges then in that case I would also go with a VPN to use those exchanges. But, I would only go with a paid VPN service that wouldn't keep logs of the users because that would be the most preferable and safe option for me.

The free VPN's are often bloated with adware and that's why they are annoying for me, but the ads aren't much of a concern for security, however, if those VPN's aren't run by a secure and trusted vendors then there are changes that our accounts and other confidential data can be exposed if they keep logs of the connections.

I really don't prefer free VPN's for something that has to do with accounts and financial assets because trusting those could cause huge damage, and that's why it's better to avoid those. However, if someone is still in need of using those to browse the exchanges then that's his/her own choice.

Patrol69

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There is no need to use a VPN to use any crypto exchange in my country because all crypto exchanges are directly licensed in our country. Transacting through vpn is a bit annoying because most of the time in case of vpn the server has problems which makes it difficult to conduct transactions or other activities properly. But if there is a country where the use of crypto exchange is completely prohibited then the users of that country must take such advantage through VPN.
Another annoying aspect of using vpn is that whenever you use vpn you will get annoying ads which are really annoying. And choosing a good quality VPN is difficult. Most countries can use crypto exchanges directly without the hassle of a VPN.

Gallar

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Quote from: Polo7 on October 14, 2020, 11:06:02 AM

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?

In the country where I live, I don't need a VPN to make transactions or trade in crypto. Because in the country where I live, there are no restrictions on investing or trading in crypto. So I don't need a VPN to make transactions or trade in crypto, because where I live, everything related to crypto is not prohibited.
Maybe if there is a ban on crypto users, using a VPN could be the right way. Because a VPN can change a country's server, and so can circumvent country rules that prohibit crypto.

And for the matter of storing crypto assets, I keep them in my personal wallet. What I think is that the wallet is safe, and definitely non-custodial. Because the government in my country, as far as I know, doesn't issue rules relating to the use of wallets that must be used. Therefore, I personally and investors in my country, are free to use whatever wallet they want, the most important thing is that the wallet is safe. So the rules in my country are not too restrictive or complicated regarding crypto users.

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Quote from: Litzki1990 on July 12, 2023, 06:41:10 AM

There is no need to use VPN for trading. VPN is usually used by people when there is an IP van in a certain country then change that IP through VPN to access that site but as far as I know all the popular crypto exchanges are open in all countries so VPN for trading I see no need to use it. You first download any exchange on your device, after downloading the exchange on your device, you create an account on that exchange and after making an account, you can easily conduct trading activities there, you don't need to use VPN.

If you are restricted then you would really be thinking on making use if VPN but we know that most platforms nowadays do ask out KYC when it comes to other features which is important like P2P, the the main question is, how you would really be able to prove out your identity if you would really be needing those ID's been asked out? For sure you would be finding yourself that sure hassle on finding some fake ID( which it isnt recommended) because on the time that you would experience issues and this one involves huge sum of money getting stuck then you would really be finding yourself into big trouble which we know that
once you do violate up their TOS then you would really be facing up consequences which its just a normal thing.

So why would make use if you could be having other options? Dont put yourself at such risks because there's always those terms and regulations been imposed by any
platforms out there. If you do find that you are restricted then simply find another and move on and never forced to go in.

YOSHIE

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Quote from: Polo7 on October 14, 2020, 11:06:02 AM

Do you use VPN proxy?
Specially If You are Country Where the laws not Crypto trader Friendly?

We are safe enough to carry out crypto trading activities, without the VPN feature, internet network access is still normal to accommodate crypto trading in my area, VPN is not a good solution to use for activities related to money, whether it's digital or fiat.

Maybe we should at this point override the existing laws on crypto, overall crypto trading laws are still under control, not banned and not ordered, at own risk, VPN not very friendly in my area.

Quote from: Polo7 on October 14, 2020, 11:06:02 AM

Do You hold Ur machine or wallet in better juridical locations?

Of course Juridical is one of our choices for storing everything related to crypto assets, all things are treated in accordance with the legal aspects that are legalized by the government.

Litzki1990

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There is no need to use VPN for trading. VPN is usually used by people when there is an IP van in a certain country then change that IP through VPN to access that site but as far as I know all the popular crypto exchanges are open in all countries so VPN for trading I see no need to use it. You first download any exchange on your device, after downloading the exchange on your device, you create an account on that exchange and after making an account, you can easily conduct trading activities there, you don't need to use VPN.

Synchronice

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Quote from: hd49728 on July 12, 2023, 12:15:06 AM

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.

It depends on the exchange. If you use centralized exchange with enhanced security, then I'm afraid you'll face tons of problems if you use VPN and different IPs (from which most of them are blacklisted) to log in your profile. But the situation is very different if you use decentralized exchange like BISQ. BISQ even automatically connects you to Tor network to make you appear anonymous and protect your privacy.
If I were you, I wouldn't use VPN on exchanges like Binance and Coinbase. Me and my friend tried it on his account and it got blocked due to suspicious activity, had to reset password, etc.

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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.

hd49728

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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.

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Quote from: jeraldskie11 on July 08, 2023, 06:28:26 PM

Quote from: AbuBhakar on July 08, 2023, 03:36:06 PM

Quote from: armanda90 on July 08, 2023, 05:51:14 AM

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.

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Quote from: jeraldskie11 on July 08, 2023, 06:28:26 PM

-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.

Quote from: jeraldskie11 on July 08, 2023, 06:28:26 PM

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.

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Quote from: AbuBhakar on July 08, 2023, 03:36:06 PM

Quote from: armanda90 on July 08, 2023, 05:51:14 AM

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.

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Quote from: armanda90 on July 08, 2023, 05:51:14 AM

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.

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Quote from: Polo7 on October 14, 2020, 11:06:02 AM

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.

armanda90

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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.

zahed

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Quote from: allahabadi on October 14, 2020, 01:18:07 PM

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.

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Quote from: Polo7 on October 14, 2020, 11:06:02 AM

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

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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.

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Quote from: Polo7 on October 14, 2020, 11:06:02 AM

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.

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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.

Topic: When You trade Do You use VPN? - page 2. (Read 1343 times)