When You trade Do You use VPN? - page 7.

jrrsparkles

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Quote from: ?? on ??

But you can let Open Account with kyc someone from Country where is no even cryptocurrency taxes.
And feelfree use it

Not everyone have that someone and even if they have that someone there i no reason for that someone to trust you and give their personal identity to register for you.

bitgolden

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VPN on exchange is as dangerous as it gets, I do not condone it because a lot of people want that extra layer of security and they want to be capable of hiding their IP from the exchanges but the reality is that if you keep trading with VPN eventually the exchange might ask your KYC as well and at that moment it would be hard to explain to them that you were using a VPN and you are not connecting from where you said you are connecting from.

It may look like the owner of that account was in nation A and then there is a connection from Nation B which would look like it is getting hacked. Which is why the exchanges may block your account and no matter how much you try to explain to them that your account shouldn't be blocked and it is actually yours, because of the VPN it might be in trouble.

Kong Hey Pakboy

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Like everyone says here on your thread. It's pointless if you are using a VPN to avoid getting traced by security agencies because they will still able to noticed you if they detected you are using a VPN. So you won't get away with them because your country restricts cryptocurrency, especially if you have huge amount of funds in your wallet that they might get confiscated by them.

DarkDays

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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.

I agree, if you're turning millions then if these government agencies want to find you then they will and VPN won't help. But I think for traders with small profit even with the use of VPN will probably go unnoticed, unless that particular country is set to get rid of crypto users (hard to believe but some leaders out there can be very opinionated).

To close off, VPN usage for trading or anything crypto related is well known, and for some light touch on the subject as to which ones are more suitable for certain exchanges this is a light material you can read, right here .

death69

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Using VPN in trading is not necessary. Most of trading platforms have already required traders to provide many details of their KYC. Therefore, if you are citizens of restricted country, you can not participate in trading despite changing your IP to other location.

Second, implementing VPN in your trading activity can cause many troubles. Slower connection can make trader become more hesitate in making an order. It can make your order slipped away from your previous entry point and it definitely drives you mad. Nobody wants to have a bad entry at all.

And you can also be banned in some platforms. So remember to read policy and TOS for the purpose of avoiding violating the rules. I always hate to deal with customers support. Exchanges like Binanace have good customer support, but it never be a comfortable process

Twinkledoe

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Quote from: hahay on October 15, 2020, 04:58:59 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.

Exactly! On my part, I have not used VPN in any of my tradings as there is really no reason to go that way. There are so many reputable exchanges where you don't need to use VPN. If you need to go beyond what is normal, then there's chance that your funds will be trapped if the site will tell you, you are violating their ToS. And you can't do anything about that.

hahay

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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.

nelson4lov

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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.

seleme

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Using proxy services or masking IP addresses is the reason for brokers to ban the account if they can detect the user violates the terms-conditions of service. Some brokers only let one account per person-household-IP address but for hedging the positions smart traders open a new account with agreeing on another user. For this reason, I never use a VPN and a real IP address is safer than blacklisted IP addresses. Proxy services mask the real IP address and it is dangerous to trade with the many accounts no matter the trader tells the truth or not.

dunfida

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Quote from: Oilacris on October 15, 2020, 03:40:54 PM

Quote from: BitMaxz on October 14, 2020, 04:55:45 PM

If you are going to use VPN it may cause you a problem in the future the same as what happened to other traders before who use VPN and now suffer from verification or make their account freeze.

I think it would be better if you use VPS instead and buy a dedicated IP or residential IP. That way exchanges will detect you as a real user unlike on using a VPN that the IP it gives you always changes every time you connect to VPN so it might cause you trouble in the future.

A good suggestion and a good option to take because when using up VPN then youre ip will really change from time to time which is likely to create some problem later on when
the exchange platform do notice such odd of changing IP's.

Next? Then here the verification thing where they do ask you out and that would really be a big hell of a problem specially if you do put up big amounts into your platform wallet.

When you're using VPN on accessing a site just because neither your country prohibits you or the site do really make out exclusion on some countries then you're
fully aware that anytime you get caught then you're fucked up.

You would really be fuck'ed if they would really get you on using vpn and remember that it do really shows on sites terms and conditions when we do register on the site that they'll have full rights and confiscate all of the money you do had once you violate one of their ToS which means then everytime you do make log-in with the site using up vpn will always have the risk.Lucky for you if you do still make use and havent detected out yet
but sooner or later they will really able to know it out and you will surely face up the consequence.So its much better not to risk out your money into a platform on where you do know that might have the risk or tendency
on getting blocked or locked.It will really be hassle on complying requirement just for you to get your funds back and if you dont like headache then its better to stop on early phase.

Oilacris

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Quote from: BitMaxz on October 14, 2020, 04:55:45 PM

If you are going to use VPN it may cause you a problem in the future the same as what happened to other traders before who use VPN and now suffer from verification or make their account freeze.

I think it would be better if you use VPS instead and buy a dedicated IP or residential IP. That way exchanges will detect you as a real user unlike on using a VPN that the IP it gives you always changes every time you connect to VPN so it might cause you trouble in the future.

A good suggestion and a good option to take because when using up VPN then youre ip will really change from time to time which is likely to create some problem later on when
the exchange platform do notice such odd of changing IP's.

Next? Then here the verification thing where they do ask you out and that would really be a big hell of a problem specially if you do put up big amounts into your platform wallet.

When you're using VPN on accessing a site just because neither your country prohibits you or the site do really make out exclusion on some countries then you're
fully aware that anytime you get caught then you're fucked up.

South Park

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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?

Using a VPN is a very fast way to get your account blocked by exchanges, they do not like people hiding their place of residence as this could generate problems to them if someone from a forbidden location decides to use their services, just look at what happened to McAfee and now he is facing jail time, it is better to just follow the law of your country and if you are already holding some bitcoin and then the laws were changed to forbid its possession then just lay low until the law changes again.

CryptocurencyKing

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Even exchanges will always advice you to work with your countries regulatory authorities in regards to participating in crypto related activities. It's best you keep off than stress yourself using VPN to by pass contradictory rules. It doesn't make you safe. Besides, if the site can be accessed, then it seems it is allowed for you to operate on that platform within your jurisdiction. Except you want to be blank for some other reasons.

I personally don't use VPN for my trading. I find it to be needless as it doesn't offer any added advantage to my trading neither do I have any intension of evading any authority as it's not exactly illegal to trade cryptos in my nation.

Quote from: Lakai01 on October 15, 2020, 01:17:39 PM

Hardly any Exchange required KYC, you were able to trade almost anonymously

On this, binance do require KYC which I find very discomforting but, they've been there and is much more a safe exchange to me so, I trade with them.

atjiat

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As an example, in countries such as India and Russia, the government very often declares that any actions of citizens with cryptocurrencies will be criminalized. Perhaps today the government has not yet adopted such tough laws and may not accept them in the future, but it seems to me that in this situation, cryptocurrency traders, being in these countries, in any case are forced to use a VPN to avoid problems.

Rengga Jati

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

Do you use VPN proxy?

If there is no restriction in our country for the platform, of course the answer is NO. Moroeve rif we are using certain application that really eases us to do trading. It is better not to use the VPN

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

Specially If You are Country Where the laws not Crypto trader Friendly?

This is another problem for us, especially when in the beginning there were no restrictions on that platform. And then our country bans the platform to access. Of course, we can't just get away from the exchange platform. Especially if we are familiar with the platform and also have a lot of assets and experience there. Then we can do our best to keep using the platform. One of them is using the use of VPN or DNS systems.

Like what happened in my country recently. When a large exchange is banned and we can't access it anymore, then I personally have no choice but to use a VPN.

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Quote from: Eureka_07 on October 15, 2020, 09:17:16 AM

-snip-
I couldn't think for other reason why someone will use vpn while trading.

VPNs were quite justified back in the Wild West times of crypto-trading:

Hardly any Exchange required KYC, you were able to trade almost anonymously
There have not yet been any court decisions that would prevent users from certain countries - such as the USA - from accessing the exchange. For example, someone from Asia could choose a VPN in America and hide his tracks even better.
Many Exchanges were published in a very short time, established exchanges like Binance or Bitfinex did not exist yet. So we as traders wanted to give these exchanges as little as possible information about us as traders, including of course our ip adresses

Today, all major exchanges require KYC anyway. Here, using a VPN can even cause problems if the nationality of the account does not match the IP address region.
There have been reports here in Bitcointalk of users wanting to withdraw their coins but being blocked by the exchange for at least some time due to suspicious access behavior.

So what used to be an advantage and gave the "anonymous" Bitcoin trade an extra layer of security can nowadays even lead to problems when you want to withdraw your coins/FIAT. But I would still use VPNs for Exchanges without KYC and regional limitations, I just don't want to have to rely on access logs not being stored and in the worst case being made available to some governmental organization.

bitcoin31

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All the trading sites I can access because my country is not strict about trading because honeslty they are supported crypto .
So I did not encounter any problem when I try to visit to the exchanges sites but I don't the others if they experienced trouble because their country not supported crypto and I do not if the vpn will works because for sure the government will really sure their citizens will not access any related of crypto.

culuuton

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People in my country trade comfortably, and the law doesn't prohibit crypto participants. So me and most people probably don't use a VPN when trading because that's redundant, the future will probably use it if necessary.

MCobian

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I don't need a VPN to be able to trade, because my country doesn't prohibit cryptocurrency trading. I only use VPN to access
gambling sites, because my country prohibits gambling. But I've had bad experiences with VPNs, I had lived abroad for a few
weeks on business trip. And the country turns out to prohibit crypto related, finally I managed to access the trading place using
a VPN. But when going to withdraw my account was frozen, indeed finally I was able to make withdrawals after verifying the data.
But it requires a long process.

Eureka_07

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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?

Our country does not take cryptocurrencies illegally, I believe they are currently conducting study regarding this.

There was some times that I used VPN for registering and trading on exchanges.
The reason is due to country restrictions on their promotions etc.
But I stopped using them, I decided just to trade on exchange platforms which I can freely trade.
I couldn't think for other reason why someone will use vpn while trading.

Topic: When You trade Do You use VPN? - page 7. (Read 1353 times)