You will be surprised to know; there is a ban in USA on trade using cryptocurrencies. This is inclusive of Deribit, BitMex and Bybit. Furthermore, all exchanges that support trading with the help of any cryptocurrency is strictly prohibited. However, don’t worry because VPN can help in conducting trade using bitcoin. So in this article, we will guide you about how to use a VPN the right way.
What is a VPN?
Before we discuss the process of how VPN works, it is important to understand what it is. VPN, which stands for the virtual private network is a private connection that can help in keeping your identity hidden over the internet. So if you want to trade with Bitmex in USA using cryptocurrency, you need a reliable VPN on your device. Secondly, VPN can also help in hiding your location. This means you can carry on with sensitive browsing without fear of getting tracked.
Many people conceive VPN to be a proxy server, which it is not. No one can deny the fact that there has been a significant increase in the number of cybercrime cases that is why installing a VPN on electronic devices has become imperative. VPN is used by more than 1 billion people in the world that registers the importance of this network.
How to trade on Bitmex using VPN?
Let us explain through a simple example. If you trade on Bitmex using bitcoin, you can easily set your VPN to the United Kingdom or any other country you like. Subsequently, when you log into your VPN account, the new location will be the United Kingdom and not USA. However, it is the responsibility of the exchangers to stop you from trading in cryptocurrency.
Most people often forget to change the location in the VPN when they log in. This way, whenever they sign in their VPN account, they are presented with their current location that can be very daunting. So you must not forget to change your location before conducting trade in bitcoin. Secondly, beware of cookies that appear on the website from where you are about to register a suitable VPN like NordVPN.
How to choose the best VPN for BitMex?
If you don’t have prior experience of choosing a VPN before, you must consult a friend or a professional who can help you in this regard. If you are browsing through the phone, you can look for the best bitmex VPN apps online. Many people say that the best VPN to trade on BitMex is NordVPN. However, there are many other options on the web too. Make sure you read customer reviews before making your choice. Especially when you are buying a VPN online.
If you are naïve to this concept and are looking forward to learning regarding trading on BitMex online, you must watch a few YouTube tutorials. VPN is a necessity in today’s time because it allows people to remain anonymous online. Nobody wants their location to get traced.