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Is it safe to use a VPN to transfer Bitcoin?

use vpn to transfer bitcoin

VPN is an abbreviation in English translated into Spanish as «Virtual private network«. It is used to connect computers or other devices to each other without third parties knowing what you are doing.

In normal connections on the Internet, you and your browser, for example, everything you do, write, say, or connect can be monitored by your ISP, any company that runs an Internet server, and any government server that your internet passes through. Connection. It can also be seen by anyone smart enough to "sniff out" your communications on the Internet. In other words, you are communicating with the world and anyone who wants can see it. And, in most cases, that is not a problem.

A VPN is simply a program that interacts with your internet connection and makes things more private. Notice I didn't say sure. It helps with security, but privacy is the main goal here.

There are two purposes for using a VPN for most people. One is quite simple: it allows you to connect directly to another computer or internet device (phones, tablets…). Something like Facebook, Messenger, Facetime, Zoom, and MS Teams are good examples of private networking for individual/group use.

So, you are already using some form of VPN without even knowing it.

bitcoin map location

When you use a VPN, the Internet sees you as being in that country and effectively forgets your home address. For all intents and purposes, you are sitting at home in that country. Let's say I chose France. This means that your browser presents you with the default browser view of France. Your netflix account shows you the French version of netflix. Your bank may not allow you to log in because they don't like a login from France... that's why you can use a VPN to access your bank.

This is the beauty of a VPN: you can "be" anywhere in the world. There are some sites that do not allow US accounts. Turn on the VPN, choose the correct country, create an account…

Ok, that's what a VPN can do for you.

Is it useful to use a VPN to transfer bitcoin? 

Bitcoin is transferred to a public address (person or company) no matter who or where you are. That is one of the main advantages of using bitcoin: there is no friction between locations and no permission is required from anyone other than you and your recipient / sender for it to work. (This is also why banks and governments hate it - they can't control it.)

Some people want add an obfuscation level (muddy the waters) to your transactions. VPN will help with that. If that's your purpose, it will take a lot more than that to become anonymous. 

So using a VPN is useful to improve security and anonymity when making a bitcoin transaction from your device, it will also hide your IP in case you sign up for an online wallet.

Precautions to consider

Please keep the following considerations in mind if you want to make a bitcoin transfer.

  • Never connect to the internet (or your wallet) from home
  • Never connect to the Internet (or your wallet) from your personal computer or phone.
  • Turn on the VPN and then use a public Wi-Fi network to connect.
  • Think of using TOR as your browser while connected (Starbucks?)
  • Have a phone, a computer, a tablet with a separate burner… that you only use to buy and sell bitcoins. Nothing else, no browsing, no logging in for email, nothing to make that device "yours."
  • Spend as little time as possible on the device to buy or sell, then turn it off.
  • Always move your coins immediately to a hardware wallet.
  • Always use a new address for each transfer

What VPN should I use for cryptocurrency transactions?

There are a large number of VPN providers out there, so it takes days of research to find the right one. Still, not all service providers are trustworthy, especially when it comes to privacy and anonymity.

If that's your concern, you should look for a VPN with one politics strict of no records and a function of disconnection automatic. If there are no logs, the service provider does not collect your browsing data, so the activity remains completely private. Otherwise, your browsing activities are logged and may be handed over to governments with surveillance programs or sold to advertisers.

bitcoin vpn

The disconnect feature terminates your Internet connection without exposing your IP address when there are connection problems between you and the VPN service. In other words, it prevents websites from accessing your real IP address in the event of a VPN connection failure. That is why it is also vital for your privacy.

It may be a good time to buy and transfer Bitcoin, as analysts have released the following Bitcoin price predictions, everything indicates that the cryptocurrency will continue to grow year after year.

The top-rated VPN providers generally come from states without mass surveillance programs. For example, countries like the British Virgin Islands, Panama and Switzerland they don't force VPNs to collect and store user data, which is liberating in today's digital world.

In contrast, many VPNs advertise themselves as privacy-oriented services only to hand over your private information when requested by law enforcement agencies. Be wary of VPN services that are based in the United States, the United Kingdom, Australia, New Zealand, and Canada , which are also known as the countries of the «Five eyes «. The same goes for "free" VPN services.

Definitely, any paid VPN will help you to be relatively safe and it will not negatively influence if you want to make a transaction with Bitcoin. But it is important that you have a good reputation in forums by real users.