I know most people reading this article would be rather surprised to see the heading and seeing both the words given on either side of the hyphen in the same sentence as though they have some correlation.
Well, to be honest, most people are quite ignorant as to how technology has shaped in the past decade or so as it is way beyond certain social media platforms and new age gadgets because this is virtually nothing as to what lies in store for us in the coming decade.
Everyone would have heard about how Artificial Intelligence is going to be the dominant force that will slowly take over from human beings and rule this world but that is not today’s topic because as the aforementioned title suggest, we shall see how VPN comes into play for trading in Bitcoin.
First of all, you need to understand the importance of Bitcoin as to how cryptocurrency has become such a huge commercial medium for people to earn some quick bucks because as we all know, Bitcoin is the leading figure in the crypto money world.
Cryptocurrency is basically digital currency that does not have a central bank to regulate over it because as we all know, any individual that has a savings/personal account in his/her name comes from state bank, which is regulated by the central bank.
But cryptocurrency has no such constraints and operates of its own free will, which is both unique as well as dangerous as Bitcoin can also be misused for fulfilling devious agendas by unscrupulous people.
Bitcoin more or less falls into that category or so most people think because as per current estimates, 1 bitcoin=$34,304 so you can see while people are getting hooked to it.
Bitcoin has become the youth brigade’s obsession because most of them think it a waste of time to slog it out in office from 9 to 5 everyday and are looking for shortcuts to earn quick bucks.
This is where bitcoin came for their help but most people forget that its price keeps fluctuating like the share market, which is why one has to tread carefully in such dangerous waters.
Doing the Needful
Bitcoin trading has become a rampant practice in the past decade of its inception as decentralized currency does not require present accountability to the federal structure or law, which is why it is considered a revolution in modern day banking history.
Cryptography is used as a medium of exchange through verified transactions because ‘crypto’ itself means secret or hidden but when things are digital it can hardly be kept a secret or hidden from public eye.
Given the fact that cryptocurrency is unregulated, it is susceptible to security risks as crypto transactions are permanent and are unable to trace once they are cleared from their accounts that involves many risks like the ones mentioned below.
Since crypto trading is an illegitimate practice, it is can result in fraud and one needs to be careful enough to only trade with reliable people.
Cryptojacking is the process through which hackers hack into their victim’s device and siphon off all cryptocurrency without the victim being any wiser, which is why you need to have a strong VPN network that you can learn about through https://pinpointvpn.com/.