One of the main problems with having a cryptocurrency wallet that is tied to a software company such as Coinbase is the limited access to your wallet while on holiday or on business in another country.
Some people don’t get an issue, but it is because they are accessing their wallet while in an unrestricted country. Another issue with cryptocurrencies is privacy. If you are abroad, then it is likely you will be using your hotel’s internet connection or connecting via routers in cafes and other public areas.
With a large number of reported fraud cases in regard to digital currencies, it comes as no surprise that a connection being opened in order to log on to a crypto wallet may grab the attention of any malicious intruders on the same internet router you are using.
Therefore, there are two main issues here. Firstly, not being able to connect to your crypto wallet because the country you are in had been blocked, and secondly the fact that you are not connecting to your crypto wallet from a safe and secure environment that you 100% know to be trustworthy.
How Can I Protect My Privacy When Accessing My Crypto Wallet?
You need to ask yourself this question. VPN service what is it? There are plenty of VPN software services out there that you can use to connect to your crypto wallet via a trusted source. The idea of the VPN service is to give you multiple servers to choose from and to connect to using a VPN tunnel.
Once you are connected to the VPN server, all your internet traffic will take a one-way path through the VPN tunnel from your device. The tunnel is an encrypted connection from your device to a VPN server. When you request to log on to your crypto wallet, the request is sent to the VPN server, which will then open up the log in screen to your crypto wallet on behalf of your device.
Therefore, if anyone was sniffing for packets and data on the internet router you are using, they will not know that you have made a request to connect to the cryptocurrency wallet. The same applies to any other websites that you visit using the VPN software.
In essence, if you had multiple websites open, the router will show this to anyone that has access to it, but via the VPN software, it will show only one connection has been activated, which is your encrypted VPN tunnel. Any attempt to hack into this tunnel is going to be close to impossible for any intruders on the network to get into because of the high level of encryption.
One of the beauties about this VPN connection is the multi-country options that will be presented to you. If you know that you can only open your crypto wallet in EU countries such as the UK, then you would go ahead and choose a VPN server in the UK when establishing a connection via the VPN software.