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What Is A Virtual Private Network (VPN)?

Written by Veldt Gold
Sep 24, 2021
Veldt Gold
Sep 24, 2021

What is a VPN?

A Virtual Private Network, better known as VPN, is an absolute must if you care about your privacy, and can be a lifesaver when dealing with cryptocurrencies online. But what is a VPN and how exactly can it protect your privacy? In this article we will discuss how to better protect yourself online – use a VPN for privacy. So what is a VPN? A VPN is a service which masks your true online identity and location in such a way that the end user you are dealing with (whether we are talking about a certain website or just another user), doesn’t see your true location, but rather the location of the VPN. Usually, when dealing with and stashing your cryptocurrencies, such as Bitcoin, Litecoin, and Ethereum, your wallet is susceptible to online attacks. A web search for “Bitcoin wallet stolen” show how many people who didn’t take their Bitcoin wallets and privacy seriously have lost a lot of money by not protecting their activity with a VPN. As long as you are connected to a VPN, everyone sees you as only being connected to it and nothing else. This means that your privacy is protected, but not entirely: if you commit crimes online while being connected to the VPN, the VPN services are forced by law to keep a log of your activities and hand them over to the authorities upon official request. That being said, VPN services are still extremely useful for avoiding hacking attacks, and as long as you are an honest citizen, you don’t have to worry about your privacy being looked into by others. How do you go about choosing a good VPN? There are plenty of VPN services available, and many offer their services for free. Be careful though, because some of the free VPN services use your own IP as an exit node for other computers, which means that you can be made responsible for everything another user connected to your address does. If you are serious about masking your true identity, and if you value your privacy and your Bitcoin wallet, a paid VPN is a good choice. Most paid VPN services ask for a small monthly subscription fee, but that is a small investment given the Bitcoin or Litecoin it can save you in case of online attacks. Most paid services offer a free trial, so that users can see if they suit your privacy protection needs. An alternative to VPN services are proxies, which are split into two categories: HTTP proxies, which only interpret browser activity, and SOCKS proxies, which cover every activity, offering full privacy protection. As is the case of VPN, private paid proxies are the way to go, as the public ones are generally unreliable and slow.


What is a VPN? A VPN is a tool that helps users protect their privacy online. Veldt Gold encourages you to protect yourself when buying gold and silver online with Bitcoin, Litecoin, and Ethereum.