The cryptocurrency landscape has exploded in notoriety and influence since its inception over a decade ago. As with all financial institutes, the movement of obscene amounts of money attracts the attention of hackers and cybercriminals looking to take advantage of a security loophole.
The new generation of bankrobber doesn’t need a gun and a mask to steal your money. All they need is a computer and a victim that doesn’t take their online security seriously. Luckily, the solution to most of your security issues is answered with the application of a virtual private network, or VPN.
We’ll be looking at one of the bigger names on the VPN scene, NordVPN, and the features it has to keep your money safe whenever you make crypto transactions. If you’ve already heard of the benefits a VPN can provide you with, then check out the NordVPN best value deal, and you can save 65% on a 2-year plan.
What Are the Dangers of Using Crypto?
Don’t be fooled by the apparent strength and stability of the blockchain’s defenses. This isn’t the part of a crypto transaction that’s most vulnerable. And that’s where most people who suffer from crypto-hacks slip up. You need to be aware of every threat that could come your way.
Cryptocurrency doesn’t have the benefit of age and an established brand. A large financial institute like a bank can benefit from government bail-outs if traders got a bit too trigger happy. The currently unregulated cryptocurrency landscape doesn’t have that luxury. It’s the perfect playground for hackers looking to steal with minimal chances of getting caught. Once the money is gone, it’s gone.
Here are some of the threats you need to be aware of when conducting crypto-transactions:
Once a hacker has got a foothold and managed to inject ransomware into your system, they can proceed to encrypt specific files. They’ll hold your files to ransom until you give them what they want, which is usually money.
Don’t open any suspicious emails or click on suspicious links. It sounds obvious, but the technique has become far more sophisticated. Criminals will socially engineer campaigns that will trick you into clicking something you shouldn’t. This could be something as insidious as copying the visuals of a legit service and tricking you into entering your login details.
Lack of True Anonymity
Maybe when Bitcoin first exploded onto the scene the case of anonymous trading could be made. That’s not the case now. Considering most markets need registration and are pushing for more regulation, the age of anonymous trading is coming to a swift end.
The entire process of you connecting to your e-wallet and conducting transactions needs to be secure. This is where a VPN comes in handy.
How a VPN Can Protect You
A VPN is first and foremost a privacy tool. When you connect to a VPN server before you start browsing, all your activity is hidden. Hackers, snoopers, and even your own internet service provider won’t be able to see what you’re up to. Other than providing true privacy online, a VPN has a plethora of other features any crypto-trader will find useful.
Hidden IP Address
Connect to a US server from the UK and anyone trying to spy will think your physical location is in America. This is the perfect way to prevent anyone making a connection between your personal address and your crypto-wallet address.
Find a VPN that advertises a no-logs policy. This will guarantee that your data and search history are yours alone. ‘Free’ VPNs will often make their money from selling your traffic history and data logs to third parties.
A good VPN service will actively block pop-ups and malicious advertising. All it takes is a misplaced click to unwittingly infect your device or computer with malware.
NordVPN has a regularly updated website blacklist. This feature will stop you before you accidentally visit a website that is notorious for housing viruses.
A VPN is one of the most effective methods you can use to upgrade your e-wallet’s security, and NordVPN is the best service you can choose to fulfil those purposes. With over 5,000 servers located in 50+ countries, NordVPN’s coverage is unparalleled and unbeaten. An encryption protocol that mirrors silicon valley tech-giant’s security features will deter any would-be hacker.
A no-logs policy coupled with a CyberSec feature that actively blocks socially-engineered content makes NordVPN a potent and robust security tool.