When You trade Do You use VPN? - page 6.

Webetcoins

hero member

Activity: 2100

Merit: 546

Leading Crypto Sports Betting & Casino Platform

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?

Never done that Cool

the laws here are not clear on cryptocurrency (although I think it’s legal because there are crypto companies here, but they have not said anything yet about laws that governs cryptocurrency).

Moreover using VPN is just not my thing, though I see a lot of my friends that are into it and using it to access websites that they don’t have access to in the country, but I’m not all about those kind of stress. If it stops working, maybe I would try use a VPN to access it, that’s if it happens all of a sudden when I still have some crypto stored on that exchange.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: nelson4lov on October 15, 2020, 03:56:40 PM

In addition to what everyone has said, it is not recommended to use VPNs to access exchange website as websites like these (that deals with money) usually have security in place to lock accounts in order to safeguard in case of an account break in. You might use it for a while without issue but it becomes a problem when you go back to your default IP or switch to another VPN. Since they won't know its you, they'll immediately lock you out of your account and demand for KYC.

That's what happened with majority of Bittrex accounts sometime in 2017 - 2018 (forgotten the exact time period) at the end of the day, Its always better to be safe than sorry. If the risks, outweighs the rewards, you can give it a try and push your luck.

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 and for the most part they will let them do whatever they want but as soon as you want to withdraw your money they will hit you with KYC, and even if you pass it now you have to deal with the fact that you violated their TOS and for the most part you will have to go through a lot just to get your money back.

Rrita

hero member

Activity: 670

Merit: 512

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?

No, I dont like to use VPN at all for crypto exchange. cryptocurrencies is not support by our government but most of the exchange supports my country to use the exchange. sp why i dont neee to use VPN for cryptocurrencies use. but gambling is strictly prohibited at my country, for gambling I need to use VPN. Also its not possible to do KYC for gambling, I faced a lot of problem with sportsbet because of KYC. my country did not support sportsbet but i used sportbet with VPN.

however, if you want to use vpn then don't forget to take a premium subscription. also dont use vpn in your regular browser, because there is a chance that you VPN can read your password. so try to use another one brower to use VPN.

wiss19

sr. member

Activity: 2296

Merit: 348

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?

Using VPN is unnecessary for me, no laws to govern cryptocurrency here that I live, though they do have some plans to create laws soon, but something else has been happening and no one is talking about that for now because they have been carried away from it. Even at that, only people that are living in places where it’s illegal will worry themselves much on making use of a VPN.

Quote from: slaman29 on October 15, 2020, 03:42:11 AM

I would definitely recommend checking out trading platforms ToS (same as I advice for gambling) because some strictly don't allow you to use VPN. I always make sure and confirm with the support even before even depositing.

Yeah that’s right! If I have the intention of making use of VPN on any exchange or platform at all I would ask them to verify if they are allowing such thing, because if you keep disguising yourself to make use of their platform and they discover that later, it’s going to be a really big problem for you and your funds might not be gotten back.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: DoublerHunter on October 17, 2020, 06:41:49 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. But I have experimented with several exchanges to access using
free VPN, and it is true that most of exchanges have blocked our accounts and need KYC to unblock them. But there are a few exchanges
where it doesn't matter if we use a VPN.

^ Having a free VPN is not looking good, you probably have a problem in the future if you will continue using it. Probably it is good if you will experiment a small amount that willing to lose. We know that using a VPN in most exchanges are not tolerated and allowed. Probably I will be considered a paid VPN for a better service. You can't find better service by using a free VPN. Nevertheless, you can read this for further details of using free VPN that probably hidden dangers. https://www.vpnmentor.com/blog/free-vpns-are-not-safe-to-use/

I prefer to buy a premium VPN, so I can hide my real IP, especially if I want to browse or searching for some more information. Besides that, if the free VPN is not recommended, we will need to be careful because we don't know if the software does not contain something we don't know. Paid VPN will give us so many options of the countries that we can use to access many websites, and we can change to many IP if we want. But I think that we don't need to use a VPN for trading because that can make the exchanges suspicious with our account.

DoublerHunter

hero member

Activity: 2590

Merit: 644

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. But I have experimented with several exchanges to access using
free VPN, and it is true that most of exchanges have blocked our accounts and need KYC to unblock them. But there are a few exchanges
where it doesn't matter if we use a VPN.

^ Having a free VPN is not looking good, you probably have a problem in the future if you will continue using it. Probably it is good if you will experiment a small amount that willing to lose. We know that using a VPN in most exchanges are not tolerated and allowed. Probably I will be considered a paid VPN for a better service. You can't find better service by using a free VPN. Nevertheless, you can read this for further details of using free VPN that probably hidden dangers. https://www.vpnmentor.com/blog/free-vpns-are-not-safe-to-use/

Shasha80

sr. member

Activity: 1876

Merit: 318

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. But I have experimented with several exchanges to access using
free VPN, and it is true that most of exchanges have blocked our accounts and need KYC to unblock them. But there are a few exchanges
where it doesn't matter if we use a VPN.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: iamsheikhadil on October 17, 2020, 02:12:01 PM

No I don't use VPN. Because my country doesn't have any specific laws regarding crypto to be honest. But yeah, if they are going to create some laws regarding crypto trading, I will never use VPN because if the government is going to find out that I use proxy to bypass then they might even confiscate my coins and I'll be left with nothing lmao. Best is to play fair.

I think it's not possible for the government to confiscate assets/coins from you even if your government is banning your country citizens to use crypto. The worst thing that might happen to you knowing that you are trading on a centralized exchange is to get your account locked/freeze and give you the hassle to get your assets back by the exchange.

There aren't many good reasons for people to use VPN on an exchange, It can just bring complications like having you detected by the exchange that you are logging in on multiple IP addresses that can make you broke their TOS.

iamsheikhadil

full member

Activity: 1022

Merit: 133

No I don't use VPN. Because my country doesn't have any specific laws regarding crypto to be honest. But yeah, if they are going to create some laws regarding crypto trading, I will never use VPN because if the government is going to find out that I use proxy to bypass then they might even confiscate my coins and I'll be left with nothing lmao. Best is to play fair.

2double0

legendary

Activity: 2618

Merit: 1105

No I won't use VPN even if my country does not support crypto because there are no laws that can stop me transacting in crypto. If you want to use VPN to hide your crypto transactions, better do Western Union transactions or ask your relatives abroad to sell your coins there and send you the money if privacy doesn't concern you. You can use VPN to surf crypto relevant websites and use mixers to open your new wallet and show it in another place with a different VPN to sell your coins anonymously.

taufik123

legendary

Activity: 2716

Merit: 1855

Rollbit.com | #1 Solana Casino

Quote from: hahay on October 15, 2020, 03:58:59 PM

Maybe it only happened in the past, because as time goes by I decide to no longer use vpn or something, if my ip is banned then I will immediately leave the platform and look for something else. Currently there are many exchange platforms, so why should I force to use the exchange while there are many other platforms that are friendly for me to use. It all depends on your own, because sometimes a coin can only be traded on one particular exchange but still, so far I can use them kindly.

Have you ever had problems using a VPN? because it seems you are not happy using a VPN. the use of a VPN does have many risks, especially the risk of data theft, malware attacks, prone to piracy and others. But this risk is obtained with a free VPN that can be accessed by everyone, but for a private VPN you have to pay to be able to use it, in my opinion, it is still quite safe even though it is not recommended if it is not in a deep problem.

In my country, Indonesia, Binance Web Desktop is currently blocked due to a problem with the Financial Services Authority. I can't access Binance from the web or desktop and can only be accessed via the app. well when there is a problem like this the use of a VPN is very necessary, but it must be a premium VPN. Trading using a VPN is only done when you really need a VPN to open that market.

Cryptoababe

member

Activity: 898

Merit: 19

Do it For Better Humanity (Bitget trader)

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 never use vpn to trade.. Most exchanges do not support vpn and I mostly use bybit. So whenver I use vpn, I wont be able to use the exchange. Just like my vpn location is always restricted.
Why a
Do you ask these kind of questions?

alisonwonder

sr. member

Activity: 882

Merit: 251

Quote from: Dorodha on October 17, 2020, 08:37:22 AM

I don't use VPN Many people use VPN software to protect their privacy online as well as to stay safe. But instead of keeping it safe online multiple VPN software is smuggling all your information. Using VPN is not very convenient to do business. Because in order to use VPN you have to be connected to the server of one organization and if you want to be connected to another server there is a possibility of personal leak.

I think only a few VPNs provide a script like that because many VPNs provide free and really safe so they can be used to do any search and visit any site you want without any restrictions from the internet network provider used in your area .

Dorodha

member

Activity: 252

Merit: 11

I don't use VPN Many people use VPN software to protect their privacy online as well as to stay safe. But instead of keeping it safe online multiple VPN software is smuggling all your information. Using VPN is not very convenient to do business. Because in order to use VPN you have to be connected to the server of one organization and if you want to be connected to another server there is a possibility of personal leak.

aioc

hero member

Activity: 2926

Merit: 567

I am using VPN on some sites that I want to visit but when it comes to trading I never used VPN I trust all the exchanges I'm using and I don't want to get questioned on why I'm using a VPN and besides my location is not very strict in Cryptocurrency, if you are going to use a VPN be sure that is ok with the trading platform you are using, to avoid future troubles.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

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?

No, I don't, but if I think or I feel that I need to use VPN, I will use it. But for trading or browsing on the internet, I don't use a VPN. Although crypto is still on the grey side in my country, I can browse many crypto websites without having blocked or banned. But for some gambling websites, I think using a VPN can help us visit on the site because the site applies restricted access for the country on their list.

xSkylarx

hero member

Activity: 2366

Merit: 594

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?

No I don't, I feel it just slows my connection doing a trade. And they can still track you if they really want to. It's rather dangerous to me if that trading website has ip blocking and you use different ip locations to access that site. If the trading website you want to use is blocked in your country, you may want to read some articles or visit some forum how to access it. What vpn is the best to use that won't get your account blocked in the long run.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

Using a VPN is of course very dangerous because it will redefine a different IP but there are many other platforms that use easier exchanges without specific IP blocking.
I always trade by avoiding using a VPN because for me it is dangerous and I will not use it again, every time I trade will do KYC for even more security.

But what I'm still confused about is that Binance is blocking my region's IP and is forced to use a VPN if that's also necessary.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: BuNga_cute on October 16, 2020, 06:04:44 PM

It seems like many members here have problems trading using a VPN, because it doesn't guarantee that using a VPN will be safe.

I'll bet a huge proportion of the problems are people forgetting to... turn the VPN on sometimes.

You often read about people having their Coinbase accounts frozen when they try to log in when they're legitimately abroad, let alone pretending with a VPN. I wouldn't do it myself but I know people don't have a choice in some places, even then I'd very hesitant to do it.

You're also 100% dependent on the VPN company being up and on the ball. Everyone has a wobbly moment every now and then.

BuNga_cute

full member

Activity: 1736

Merit: 116

It seems like many members here have problems trading using a VPN, because it doesn't guarantee that using a VPN will be safe.
I suggest that if your country is one of those banned from trading on the exchanges, don't try to access using a VPN. Because there is
a possibility that you will be caught and your account will be banned. Better to find other exchanges that accept your countries to be
able to trade. Not all exchanges have strict rules.

Topic: When You trade Do You use VPN? - page 6. (Read 1416 times)