When You trade Do You use VPN? - page 3.

blockman

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Quote from: mvdheuvel1983 on July 05, 2023, 01:16:32 PM

Yea, VPN doesn't do anything. Anyone who has a little knowledge about Cybersecurity will know that a VPN is almost as good as useless. Doesn't do you any much good. And never combine Tor and VPN. If you are in a country where cryto trading is illegal, please do not break the law by trying to trade just obey the law. It is only a person who has freedom that can trade, buy or sell cryptocurrencies.

It doesn't really do a thing in trading unless you're from a country that has banned crypto and trading it but you're trying to break that law, you're at risk in using it. So those that are in a tough situation that they are required to use VPN, they are aware of the consequences that they might face later on upon breaking the law through it.

Quote from: palle11 on July 05, 2023, 06:23:04 AM

VPN is indicative of some restrictions. It is when you don't want to be identified either through your IP that you may want to use VPN or it is personal for the person to use it based on his or her own decision even if no restrictions but otherwise just very few or maybe no one want to bother themselves about VPN. If your country have no trade restrictions on cryptocurrency, why the need for VPN.

This is the typical use of VPN for the majority just to avoid the exact IP and location they have. But for those that are in real situation that they can't trade, this is their solution.

mvdheuvel1983

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Quote from: allahabadi on October 14, 2020, 12:18:07 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.

Yea, VPN doesn't do anything. Anyone who has a little knowledge about Cybersecurity will know that a VPN is almost as good as useless. Doesn't do you any much good. And never combine Tor and VPN. If you are in a country where cryto trading is illegal, please do not break the law by trying to trade just obey the law. It is only a person who has freedom that can trade, buy or sell cryptocurrencies.

Woodie

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Kind of use VPNs because I had access to free data through it but because am mostly trading through prop firms that have their own rules...and for starters VPNs aren't allowed here unless you tell them about it before you trade..also they discourage the use of VPNs because some people were fond of group trading which was considered a red flag on their side as it showed that some users hardly knew how to trade but were simply copy trading.

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This is not mandatory and I advise you to carefully consider the choice. In general, third-party programs are always a risk.

Agreed, but it will also depend on the broker or whatever platform used for trading.

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Quote from: Mr.right85 on July 05, 2023, 06:14:48 AM

Using VPN on many platforms are considered an uncultured act and shouldn't be so, I rather stick with what is local than seek refuge in places where should it turn south, I'll have foreign policies to deal with.

VPN is indicative of some restrictions. It is when you don't want to be identified either through your IP that you may want to use VPN or it is personal for the person to use it based on his or her own decision even if no restrictions but otherwise just very few or maybe no one want to bother themselves about VPN. If your country have no trade restrictions on cryptocurrency, why the need for VPN.

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Quote from: Polo7 on October 14, 2020, 10:06:02 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?

I would have said there are only handful of crypto friendly nations in our would but they aren't up to a handful of those. Most of what we've got are nations that aren't very objective of it but still, they alienate the currency and that's what it's going to be to many nations for a long time, foreign until, its inevitable.

Again, why do I have to hodl my cryptocurrency in nations with better jurisdiction?
What nations hbe enter jurisdiction?

Using VPN on many platforms are considered an uncultured act and shouldn't be so, I rather stick with what is local than seek refuge in places where should it turn south, I'll have foreign policies to deal with.

tjtonmoy

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I live in Bangladesh, and cryptocurrency is banned here. Although it is banned, some trading platforms could still be accessed and are not banned. So when I use them, I try not to use VPNs. Because the latency could somehow disrupt the timing of trades. Price moves so fast sometimes and it becomes difficult to open or close trades in that kind of situation. I think it is always best to use any VPN service for normal use. When there aren't any complications about latency, we should always protect our privacy.

Recently there are some news and new law for the usage of cryptocurrency. If found guilty of owning or being involved with crypto, you could get into jail. Even right now, I am accessing the Bitcoin forum with a VPN. I don't know what will happen if they track me now. But it is always smart to take proper caution. Trying to stay away from any troubles. So right now VPN is the best option I guess.

Franctoshi

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On a few platforms where I have tried using VPN to trade, I got some warnings, and I was unable to place any trade so far my VPS was switched on. Binance and Kucoin are typical examples of exchanges where you can't trade with a VPN and there is a possibility that your account may get a ban in the process. While L Bank, Bitmert exchange is accessible with VPN as of the last time I had a transaction with the platform sometime in 2021, but don't know if there have been any changes by now.

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Quote from: BTCappu on October 30, 2020, 10:55:44 AM

I am managing three accounts from same exchange but all the three accounts are KYC verified. I am taking care of my friends' accounts and one my own account and this is the reason I am needing VPN to differentiate the accounts that I am managing from one computer. I have checked with exchange support for accessing through different country IP addresses and they cleared that is not a problem as long as we are all KYC compliant.

One big advantage I am enjoying through multiple accounts is, I'm able to gather multiple free giveaways. My friends also do not mind them so I'm able to collect them for my own benefits. I believe still I'm not breaking any of TOS of exchanges and also I am informing my friend about those free giveaways and just for the reason of I am taking care of their accounts, they are also happy to pay me in terms of those free exchange giveaways

.

Policies differ for each exchange if you do not any have problems from them when using their exchange in this way then that is fine, however stay up to date when they make any change on their TOS since they could always change their policies and then disallow what you are doing even if it was allowed before, some exchanges at that point could just terminate your accounts and then give you your money back which is fine but some exchanges use this as an excuse to steal from their customers and retain their funds so you need to be careful.

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I am managing three accounts from same exchange but all the three accounts are KYC verified. I am taking care of my friends' accounts and one my own account and this is the reason I am needing VPN to differentiate the accounts that I am managing from one computer. I have checked with exchange support for accessing through different country IP addresses and they cleared that is not a problem as long as we are all KYC compliant.

One big advantage I am enjoying through multiple accounts is, I'm able to gather multiple free giveaways. My friends also do not mind them so I'm able to collect them for my own benefits. I believe still I'm not breaking any of TOS of exchanges and also I am informing my friend about those free giveaways and just for the reason of I am taking care of their accounts, they are also happy to pay me in terms of those free exchange giveaways

.

Tigerheart3026

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Quote from: Marina5 on October 27, 2020, 01:57:07 PM

Quote from: rijaljun on October 27, 2020, 01:37:21 PM

Quote from: Polo7 on October 14, 2020, 10:06:02 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?

I honestly don't recommend it especially if you are on a big exchange there's a high chance that they will detect you and close your account and worst thing is that they will confiscate your the fund in your account.

Though many countries are not adopting CryptoCurrency but I think it is not problem for exchanging CryptoCurrency. Yes, using vpn can be harmful for account. Besides, I don't find any good opportunity in vpn for exchanging.

true it just doesn't matter to trading coins for this no need to crypto friendly country. there no way to government will find u. if u can access in favorite and user friendly exchanges, here why u have to depend on Vpn. if ur country's restricted in exchange when might be use if exchange allow vpn.

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Quote from: Tigerheart3026 on October 26, 2020, 01:04:37 PM

i'm not from crypto friendly sphere. but i won't using VPN service for cause of trading and i never needed VPN most of biggest exchanges i can access in my own country. some restricted exchanges i don’t need to use those. using vpn can threat for ur personal identification also.

It is simply not worth it, if you want to trade in a particular exchange that does not allow your country then it is better that you simply avoid that exchange instead of trying to trick them, there are many exchanges out there and I am sure one of them is bound to accept people from your country so there is no need to use a VPN at all, and if all of that fails you could always use a decentralized exchange and trade that way and not have to worry about such things ever again.

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Quote from: Oneandpure on October 26, 2020, 11:08:28 PM

Quote from: noorman0 on October 26, 2020, 07:25:29 PM

Quote from: suzanne5223 on October 21, 2020, 03:36:16 PM

Crypto exchange and social media are generally used for used for different purpose but the use of VPN when visiting exchange site is very useful if privacy is top priorities cause data breach and hacker attack happened sometime which may someone make exchange user vulnerable to attack.

I don't fully understand the potential hacks for personal trading accounts, but I don't think that's a strong reason to use VPN to protect account data from hacking because most trading accounts don't store too much personal data on their profile pages, not even a photo to download.

CMIIW.

Quote from: justdimin on October 24, 2020, 01:17:03 AM

But what would you do when the exchange does not allow registration from your country and there is no option but to use a proxy network to access the exchange. I think it should be fine as long as you are using the exchange normally because ultimately the exchange is earning money on each trade you make on their platform so there is no reason for them to ban or restrict you unless you do something fishy or outrageous.

Then I will not use that exchange. Wouldn't such exchanges ask for a customer's personal identity to ensure the customer doesn't come from a restricted country?

I will not force myself to pretend to be someone from a certain country worrying that my account is at greater risk of being locked.

When have country not allow without use VPN for registration you should use VPN, but you can check safety VPN without paid and getting free VPN for accessing to exchange market, I know what happen with several country block for using Paypal last few year and the same thing happen right now any country not have access to exchange market without use VPN. I think will safety using vpn to access on your exchange account but always protect your account exchange with 2fa, email authication and always keep notify on your email when some one access to your account.

The use of VPN to register an access an exchange site that restricted an area is not advisable because it totally against TOS of the exchange site and in the future if the user's have an issue that involve KYC or other identity verification it may lead to loose of fund and it better to stay away from such exchange site.

Quote from: Oneandpure on October 26, 2020, 11:08:28 PM

We can't know how secure with VPN to protect exchange account because many exchange not allowed to use VPN.

Mate, VPN was not use to protect exchange or social media accounts and it was use for a situation when privacy is top priority.

sulendra12

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Nope.
1. People can't see your IP because you don't share the data with the others. So, there is no reason to actually use VPN to hide your IP.
2. Trading is okay to do in most of the countries, even the internet provider tracks you, you should be fine. Unless you are gambling, then it's recommended to use VPN to bypass this risk.
3. Some of the exchanges prohibit the usage of VPN, so be aware of that.

imstillthebest

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Quote from: semobo on October 28, 2020, 06:45:22 AM

Quote from: bitbunnny on October 27, 2020, 02:12:26 PM

Quote from: rijaljun on October 27, 2020, 01:37:21 PM

Quote from: Polo7 on October 14, 2020, 10:06:02 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?

I honestly don't recommend it especially if you are on a big exchange there's a high chance that they will detect you and close your account and worst thing is that they will confiscate your the fund in your account.

I agree, that might be the issue. Although VPN also provides better security and protection when you use exchanges it's not recommended. It's not worth to risk troubles with your account.
Also, I don't think that any country waists time and resources just to monitor their citizens who trade on exchanges.

Maybe the exchange itself monitor those stuffs to report their activities to their certain government. But it is nit going to give any benefits to the users

correct its the exchange that monitor , country or government wont waste time because they already banned the access on the first place , on some case the access isnt banned but you cant only enter the exchange if you didnt use a vpn because they may have been told that traders on those ' x ' countries are not going to be allowed .

the exchange can get benefit from it if they obey the protocol given to them by the government such as if they monitor and report illegal users .

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Quote from: bitbunnny on October 27, 2020, 02:12:26 PM

Quote from: rijaljun on October 27, 2020, 01:37:21 PM

Quote from: Polo7 on October 14, 2020, 10:06:02 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?

I honestly don't recommend it especially if you are on a big exchange there's a high chance that they will detect you and close your account and worst thing is that they will confiscate your the fund in your account.

I agree, that might be the issue. Although VPN also provides better security and protection when you use exchanges it's not recommended. It's not worth to risk troubles with your account.
Also, I don't think that any country waists time and resources just to monitor their citizens who trade on exchanges.

Maybe the exchange itself monitor those stuffs to report their activities to their certain government. But it is nit going to give any benefits to the users only maybe helpful.to increase the number of crypto users from certain region for whatever purposes, intentionally.

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Quote from: rijaljun on October 27, 2020, 01:37:21 PM

Quote from: Polo7 on October 14, 2020, 10:06:02 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?

I honestly don't recommend it especially if you are on a big exchange there's a high chance that they will detect you and close your account and worst thing is that they will confiscate your the fund in your account.

I agree, that might be the issue. Although VPN also provides better security and protection when you use exchanges it's not recommended. It's not worth to risk troubles with your account.
Also, I don't think that any country waists time and resources just to monitor their citizens who trade on exchanges.

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Quote from: rijaljun on October 27, 2020, 01:37:21 PM

Quote from: Polo7 on October 14, 2020, 10:06:02 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?

I honestly don't recommend it especially if you are on a big exchange there's a high chance that they will detect you and close your account and worst thing is that they will confiscate your the fund in your account.

Though many countries are not adopting CryptoCurrency but I think it is not problem for exchanging CryptoCurrency. Yes, using vpn can be harmful for account. Besides, I don't find any good opportunity in vpn for exchanging.

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Quote from: Polo7 on October 14, 2020, 10:06:02 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?

I honestly don't recommend it especially if you are on a big exchange there's a high chance that they will detect you and close your account and worst thing is that they will confiscate your the fund in your account.

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Quote from: Polo7 on October 14, 2020, 10:06:02 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?

And where do you live in such a place where you are under pressure if you trade cryptocurrencies? Or anyone on this forum can tell me any place where laws aren't crypto-friendly? If yes, then also quote from the law.
If you plan to use something, prioritize VPN over proxy because it encrypts and secures all the network traffic. Also, when choosing VPN, be 100% sure that you choose the one that offers unique IP address. When you use regular VPN and exchange sees that sometimes you log in from IP X, sometimes from Y, Z, etc, it does make you look suspicious for them. Their security is like a user must log in from certain IP regularly. New IPs everyday makes it hard for them to understand which one really belongs to you.

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Quote from: mich on October 27, 2020, 01:28:37 AM

That sounds like my worse nightmare trying to explain to Crypto exchange that my IP isnt from where I actually am.

We have to jump though enough hoops to make sure our funds are safe with these exchanges as is.

Adding a VPN would onlt make it so much more complicated when they want to verify identity. |

DO NOT attempt to do this- nothing good can come out of ir for you and you might lose all your funds.

This is why we have to check their TOS. We have a choice if we don't want to use their exchange if we feel that their TOS is not suited for us, I am doing this for the sake of exchange but it is our responsibility to abide by their rules to avoid this kind of complication. It may be sensible that verification/KYC may solve all of the issues about country restriction but we agreed about some of their other terms and some loopholes that exchange might implement to us. Decentralized exchanges are made to avoid these kinds of problems but let's be honest that centralized exchange is more comfortable to use. There is some kind of trade-off on different platforms.

Topic: When You trade Do You use VPN? - page 3. (Read 1432 times)