When You trade Do You use VPN? - page 4.

SnapExOfficial

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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?

Use paid VPN's, It works if you are trying to access SnapEx from a restricted country.

Strongkored

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With so many exchanges today traders have the option to trade on exchanges that don't block the trader's area of origin, so there's no reason to use a VPN, maybe VPN can apply when using DEX.

mich

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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.

noorman0

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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.

That's why I would rather avoid using any VPN and choose an exchange that allows my country than having to hand over my details at a later date.
Hackers also rarely attack personal accounts instead of attacking exchange servers. So, protecting myself with a VPN layer to access the exchange I don't think is very useful.

molsewid

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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 don't use a VPN because it's not needed in my country. And if needed in our country, it would give me a headache because it will just slow the connection.

I hold my wallet in a good location because our country allows us to use and trade crypto-currency.

Quote from: BChydro on October 26, 2020, 06:28:14 PM

Quote from: gabbie2010 on October 25, 2020, 11:22:54 PM

I don't use VPN for trading, personally I always classify it as tunnelling application which can be compromised by the providers, implication of using it is that vital information of the users can stolen like passwords and other valid documents, although my country allow the of cryptos thus giving me the freewill to trade and transact it.

If you are using a free shady VPN then you have a point that they could have a backdoor and steal things, never install anything that is shady because it is free. When it comes to trading there is no point in using a VPN when you are submitting all your credentials to an exchange if you are trading with them. Even when you are trying to trade from a banned country most of the exchanges will not allow you to trade as you will never pass their KYC.

Very well said. I want to add more about using a FREE VPN. There are no such free services in this world. Some of these VPN sell customer's data. If you're thinking you're safe using these free services, think twice. Why would they create free services if they can't gain money from this business?

Oneandpure

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

noorman0

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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.

BChydro

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Quote from: gabbie2010 on October 25, 2020, 11:22:54 PM

I don't use VPN for trading, personally I always classify it as tunnelling application which can be compromised by the providers, implication of using it is that vital information of the users can stolen like passwords and other valid documents, although my country allow the of cryptos thus giving me the freewill to trade and transact it.

If you are using a free shady VPN then you have a point that they could have a backdoor and steal things, never install anything that is shady because it is free. When it comes to trading there is no point in using a VPN when you are submitting all your credentials to an exchange if you are trading with them. Even when you are trying to trade from a banned country most of the exchanges will not allow you to trade as you will never pass their KYC.

stomachgrowls

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Quote from: Serious475 on October 26, 2020, 04:19:12 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?

VPN is won't do so much for you because it is not a complete filter to make yourself anonymous when you are trading. If your local official really want to know who you are and what you are doing, VPN will be nothing since they are more powerful and they control the network or telecom that you are using even if the VPN is active. It may help you and you can use it as long as you want but other traders are not recommending it since it doesn't have too much help and may only make your computer's life span shorter.

I doubt that they would really end up into that extent unless if the entire country is really that too serious on implementing out those rules or laws about its citizens do make out such bypass.

Telecom or ISP would able to detect it out? No they wont unless if you are really that be in priority to be surveillance but considering on the number of population, do you really think that they
will spent some time? I highly doubt on that one.

Trading up in using VPN then its up to your choice and since you do know the restriction then you're pretty much aware on the risk once you've been caught on such activity.

Serious475

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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?

VPN is won't do so much for you because it is not a complete filter to make yourself anonymous when you are trading. If your local official really want to know who you are and what you are doing, VPN will be nothing since they are more powerful and they control the network or telecom that you are using even if the VPN is active. It may help you and you can use it as long as you want but other traders are not recommending it since it doesn't have too much help and may only make your computer's life span shorter.

ReiMomo

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We have heard different opinions among our beloved forum members towards using VPN, the result was the same even it has different thoughts and opinions. The answer was also the same for me, I will never also use a VPN on any websites that were I deposited my money. In exchanges, a gambling website or even using my social media, I never used PVN.

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

.. using VPN can threat for ur personal identification also.

How come? can you elaborate more on how they are connected to each other? There's no KYC upon having pictorial.

Tigerheart3026

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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.

Xxmodded

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Use VPN or not depend on interests when we have active with VPN or not, I will discuss with Binance only could access by using VPN and I have activate VPN on my computer during many risk waiting for when to access something, specially will give bad effect with social media account detected with different IP from the other access, what have to do because without activate the VPN I can't open Binance exchange market because have block in my country. Just when have important moment I only open Binance exchange without must active on media social afraid will make my social media account block with different activity IP.

Clark05

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Im not using any kind of VPN because I can trade without it and not all the VPN is works who is hide your true location maybe it will risky to your information because they have vpn who are not legit who getting your iformation so be careful and for sure it will not qorks if your country are not allowed the cryptocurrency but I guesd most of the country are they can able to trade without any trouble.

gabbie2010

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I don't use VPN for trading, personally I always classify it as tunnelling application which can be compromised by the providers, implication of using it is that vital information of the users can stolen like passwords and other valid documents, although my country allow the of cryptos thus giving me the freewill to trade and transact it.

AmoreJaz

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Quote from: barbara44 on October 24, 2020, 03:42:35 PM

Quote from: Shasha80 on October 17, 2020, 05:37:05 PM

I don't need a VPN for trading, because my country does not prohibit using cryptocurrency as a digital asset. My country only prohibits using cryptocurrency for payments, so I can trade without using a VPN.

That's really strange because if the rules allow you to trade bitcoins for other coins then surely you should be able to spend the coins anywhere you want. I mean at the end of all trades how are you going to cash your bitcoins for cash then?

maybe what he meant here is he can also convert his crypto to his local fiat via trading. but directly using crypto as payment is not possible (i.e. due to their govt laws towards crypto or absence of merchants accepting crypto). so what he does is, exchange his crypto to his fiat and then use that fiat for payment purposes.

Quote from: barbara44 on October 24, 2020, 03:42:35 PM

Quote from: ?? on ??

I don't think VPN can do much good in this case. However, it is true that a lot of restricted things can be accessed through VPN. However, I personally do not use any VPN and I feel comfortable with it.

I would never suggest using a VPN for accessing an exchange because you are moving towards the illegal side of crypto and it can be troubling if the authorities find that you are doing something like that and even the exchange can block your withdrawals at any instant if they detect VPN.

not really advisable as you are giving reason for the exchange to freeze your funds or be suspicious about your account, that may eventually give you headache when they decide to block your account

Quote from: barbara44 on October 24, 2020, 03:42:35 PM

Quote from: South Park on October 20, 2020, 01:26:23 PM

I do not know why people keep trying tactics that we know they do not work, exchanges are very smart, they know that some of their clients will try to use VPNs to hide their activities

I think if you purchase a dedicated VPN though you might easily be able to bypass any scrutiny from the exchange because VPNs are usually detected because of their common IP addresses.

Anyways I would still never advise using VPN to access any exchange that does not allow users from your country.

bottomline, just dont use VPN to avoid issues that you may regret afterwards.

barbara44

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Quote from: Shasha80 on October 17, 2020, 05:37:05 PM

I don't need a VPN for trading, because my country does not prohibit using cryptocurrency as a digital asset. My country only prohibits using cryptocurrency for payments, so I can trade without using a VPN.

That's really strange because if the rules allow you to trade bitcoins for other coins then surely you should be able to spend the coins anywhere you want. I mean at the end of all trades how are you going to cash your bitcoins for cash then?

Quote from: ?? on ??

I don't think VPN can do much good in this case. However, it is true that a lot of restricted things can be accessed through VPN. However, I personally do not use any VPN and I feel comfortable with it.

I would never suggest using a VPN for accessing an exchange because you are moving towards the illegal side of crypto and it can be troubling if the authorities find that you are doing something like that and even the exchange can block your withdrawals at any instant if they detect VPN.

Quote from: South Park on October 20, 2020, 01:26:23 PM

I do not know why people keep trying tactics that we know they do not work, exchanges are very smart, they know that some of their clients will try to use VPNs to hide their activities

I think if you purchase a dedicated VPN though you might easily be able to bypass any scrutiny from the exchange because VPNs are usually detected because of their common IP addresses.

Anyways I would still never advise using VPN to access any exchange that does not allow users from your country.

South Park

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Quote from: Genemind on October 22, 2020, 02:23:49 PM

You better think twice before using a VPN when trading. A friend of mine had trouble and got his account frozen when he used a VPN. Crypto trading isn't restricted in our country but my friend just forgot that he's using a Vpn. There are still ways to trade even without the use of it so it's better if you won't put your funds at risk.

Exchanges are very sensitive about this and it is understandable as governments are trying to close their doors and will look for any excuse to do so and exchanges are feeling the pressure as the regulations are increasing and without a doubt this has to impact their profit margins, so they cannot allow themselves to lose their business just because an user wanted to use a VPN to remain anonymous, as such it is better to not take the risk and if you are going to use centralized exchanges just accept you cannot use VPNs anymore.

Xinarae*

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when you start professional trading so please avoid any VPN because of maximum VPN provider trying to scam or leaked personal data and information example use a VPN with a trading broker so the maximum chance of hacking attack your trading broker and leaked email, password also most of the chances lost your fund another site few of VPN provider is trusted more than thousand VPN provider, so I preferring that when you start professional trading so avoid VPN and enabled 2FA for safe your fund.

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Quote from: noorman0 on October 21, 2020, 01:25:36 PM

Apart from the issue of exchange policy itself, enabling VPN on the exchange is not very useful because accounts are not published in it or communicate with each other such as forums or social media. When using an exchange, all matters are between you and the exchange, no need for any protective coating.

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.

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.

Indeed the hacker can also see all the data sent between you and the platform if not encrypted and using a proxy at least hides your real information and you are less prone to be hacked and stalked because it is a common tactic hackers use where they will find your location and some details about you, then blackmail you and stalk your everyday activities.

Topic: When You trade Do You use VPN? - page 4. (Read 1432 times)