Hello Bitcointalkers
One way or the other, we have made use of a VPN but it doesn't just stops at hiding your IP address or location. There's more to it which helps to protect your bitcoin transactions from criminals.
- A VPN encrypts your entire internet connection. It makes your data unreadable to hackers by creating a secure channel between your device and the VPN server. This encryption is very important against man-in-the-middle attacks where cybercriminals tries to intercept your sensitive information such as your login credentials for crypto exchange or wallet access phrase.
- A VPN hides your real IP address. This prevents third parties from linking your real world location and identity to your bitcoin transactions and wallet address.
- Public wifi are not advised to be used because of how vulnerable they are to cyberattacks. But if it cannot be avoided, a VPN can help serve as a shield for your data to avoid eavesdropper from stealing your information. The best practice is to never access your crypto wallet or exchange using a public wifi
While a VPN can do all these, we should know that is not an holy grail and you should practices security measures at all times. Bitcoin is pseudonymous and as such, all transactions are recorded on a public ledger, a VPN will only protect your internet connection but does not make you anonymous in the blockchain. Always combine VPN with other security practices like 2FA(two-factor authentication) on all your accounts.
All we need to do is
protect our devices first, never install strange apps or apps from unknown sources, don't use pirated apps, the bottom line is,
don't experiment with anything you can't guarantee is safe (the security) on your device. So, by this way, you can protect your device from cyberattacks, especially when it comes to protecting your Bitcoin transactions. I don't think there is any point in installing a VPN if your device is already infected with a virus, and
there is no point in using a VPN if your device is being monitored or infected by spyware. Therefore, the most important thing to do is to maintain the security of your devices, especially those used for specific purposes (financial or personal data).
Additionally, I think you should read previous discussions (very useful) regarding to this topic, here it is :
asktom.cf @satscraper - [Warning] Free VPNs are actually Spyware