Cryptocurrency and VPN – A true lovestory ♥
Ever since the rise of cryptocurrencies like Bitcoin there has been a huge amount of attention to the whole market. The cryptocurrency-values are exploding and many holders do not even know the purpose or the beginning of this technology. In this article we’ll have a closer look at the relationship between the vpn and cryptocurreny market.
VPNs and Cryptocurrencies do have a similar philosophy
Use Cryptocurrency to buy a VPN
When buying a VPN-service it was a long term usus to just give out your credit card details that is attached to ones identity. Bank accounts needed the name and address of the card holder in order to provide their service. This made it really hard to achieve true anonymity.
That’s where Cryptocurrencies came along. By using the technology of the blockchain, bitcoin as the first cryptocurrency made it possible to reach a new level of anonymity.
By making VPN subscriptions available to pay via Bitcoin the two technologies helped each other to make a rise.
Many eCommerce shops followed and added Bitcoin as an accepted payment method all while VPN services getting a huge amount of new users that paid with Bitcoin.
Use a VPN to access the Cryptocurrency-Network
Paying with bitcoin does not instantly mean that your transaction is anonymous. Basic security measurements have to be taken. Do not add personal data as refference to the transaction. It is also recommended to change your own bitcoin address after every transaction. The more often a Bitcoin-address is used the more it can show to your real identity. One major thing is that your own IP-address is sent in the network. A VPN hides your ip-address and does save you from this issue. The last option would be to use a Bitcoin mixer. This mixer splits your transaction in many parts and transfers it at different times from internal addresses and makes it impossible to detect the real sender.
This only leaves the question: What do you do when you plan to buy a vpn via bitcoins but can’t buy bitcoins because you do not have a vpn yet?
For the initial signup and transaction we recommend using the Tor-Network
Bitcoin shaped cryptocurrencies – The future of Cryptocurrencies
In 2008 Bitcoin made its way as the first ever cryptocurrency. It has since made a huge impact on the complete concept of currencies. As Bitcoin rose in popularity and value over the years since its birth, it became the de facto cryptocurrency for online transactions. Currently most VPN providers only accept Bitcoin as a payment method. But it should only be a matter of time until this will change. Other popular “Coins” such as Ethereum or Litecoin will probably soon be added in order to provide users a wider variety of anonymous payment methods.
It will be interesting to see the impact that these smaller cryptocurrencies can make and how this will gain the vpn market more and better privacy options. The current biggest downside of bitcoin is the high amount of transaction fee that it costs to send the coins from partner A to partner B. Ethereum and Litecoin already do have lower fees and are ready to take the place.
All VPN interested user should have a close look at cryptocurrency market and the development. Security and Anonymity are a big concern of times where mass surveilance is already happening.
We really hope that Bitcoin & Co. can keep up the trend and aren’t just the product of speculations.
Got any more questions? Feel free to leave a comment! 🙂