How Proxies Can Help Reduce the Risks When Trading Cryptocurrencies?

Data privacy has become a major concern in this technologically advanced world. Users are always seeking solutions to avoid any misuse of their information either by any company or malicious actors persisting on the internet. This is where the proxies step in. Proxy is basically a server acting as a gateway among the internet and its users, providing a privacy shield against anyone trying to enter a private network.

The still evolving crypto industry is among the sectors where users need to secure their way to flawlessly execute the transactions. Past couple of years has proven a nightmare to several investors in the space. This year, some attackers, reportedly North Korea-based Lazarus Group, hacked Axie Infinity’s Ronin Bridge to wipe over $600 Millions worth of digital assets.

A proxy server can resolve this issue by creating a protective layer between a user and others trying to get into the system, meanwhile allowing the people to use the internet without any disruptions. Without a proxy server, investors have a risk of losing funds to these crawlers in the space.

Proxies have multiple benefits like improved security, accessibility to a location specific content, blocking any unwanted sites and more. Without the personal IP address, others cannot enter your space. A user basically creates a walled garden where “No Trespassers are Allowed”.

There are different types of proxies like data center proxy, public proxy, SSL proxy, residential proxy and more. A residential proxy offers an IP address belonging to a particular device. It is useful for the users who want to control the ads going on their website, allowing them to block internet cookies to get rid of those annoying ads.

Smartproxy, a proxy service, offers a residential proxy facility where users can utilize US IPs from their servers. The IP addresses in this service come from physical devices like a PC or a smartphone. The company has proxies associated with more than 195 locations. Users can look for a free version but Smartproxy’s paid service has its own benefits like unlimited HTTP proxies, real device IPs and more.

The platform offers security and anonymity for the connections. An IP address holds vital users’ data which they do not want to compromise. Smartproxy’s residential proxy service will provide a cover to your IP address. They are really simple to use and set up, even for the users new to proxies.

Apart from this, Smartproxy service has over 99% success rate that too comes alongside 0.61 response time. Such metrics simply makes the facility one of the top-notch residential proxy service providers. Users utilizing the paid service can have their money back in just 3 days if they are not satisfied with it.

In conclusion, no matter what purpose a user serves on the internet, from searching for a recipe to trading crypto assets like BTC, ETH, and more, they need to stay clear of the cyberthreats persisting on the web. Using proxies can exactly be the way to be secure on the internet.

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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing