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Why VPNs work well with cryptocurrencies



Most
of the people use VPNs for rather mundane purposes, such as bypassing geoblocks
and accessing websites like Netflix, Youtube, and Couchtuner. Others
just consider them the next security upgrade which has to be used along with antiviruses, firewalls,
anti-malware, and anti-spyware in a never-ending arms race. Yet for others, the fastest VPNs are the only opportunity to stream
geo-restricted content safely.

There is a group of people who should probably be concerned about online safety the most. Taking into account that financial information online is a very sensitive aspect with potentially disastrous consequences if mismanaged, performing online financial transactions on a regular basis should be taken very seriously. With the advent of cryptocurrency, these operations engulf any online transactions that do not necessarily involve banks or money services like PayPal or WebMoney.

While
the blockchain technology has safety as its core principle, this does not mean
that the ultimate user is immune from any kind of online threats. In fact, when
dealing with such technologies, the user is vulnerable due to the possibility
of:

  • direct hacker attacks (stolen
    passwords, files with financial data, etc);
  • standalone viruses triggered by
    users,
  • Trojans,
  • ISP data leakage, or ISP intrusions,
  • phishing attempts.

The necessity to ensure a decent protection at this level can be solved by VPNs; there are a lot of websites that provide a great and concise overview about the benefits and the functioning principles behind a VPN and the key features for taking maximum advantage of the technology.

One
important aspect about cryptocurrencies is that they are a competing monetary
paradigm to the national currencies, hence, states all over the world do not
particularly like them (chiefly for the inability to scrutinize and control
them). Although today Bitcoin is not illegal, tomorrow it might become so and
with such changes, the importance of security solutions like VPNs might skyrocket
overnight.

The Reverse Relationship

Using a VPN together with a cryptocurrency can ensure complete anonymity of an Internet user. If a person is particularly concerned about his online safety, he or she might opt for a VPN provider that sells subscriptions not only in traditional currencies but also in Bitcoins. Thus, instead of letting the banks know the financial details about the person and the transaction, one could gain complete anonymity by paying with cryptocurrencies – after all this is what a VPN stands for. The situation described here is particularly relevant to the state of affairs in countries with either authoritarian regimes or strict censorship policies.

Choosing a VPN provider

To choose a VPN provider smartly, one needs to explore the variety of features offered by some top players on the
market. There are a lot of sites, where one could build the necessary literacy
skills with regard to the technology and the market and ultimately choose a
suitable provider.

About the author

Dainan Gilmore is an enthusiastic expert in cybersecurity and works as a data privacy advisor for Bestvpnrating.com.

Post source: Why VPNs work well with cryptocurrencies

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