Bitcoin tradings platforms have become a popular avenue where trading of Bitcoins happens, and one of the largest trading platforms today is BitMEX. It was founded in 2014 by Ben Delo, Arthur Hayes, and Samuel Reed. Currently, more than 22,000 traders use BitMEX every day. Since its inception, it has done so well that, in 2018, it managed to sell over one million cryptocurrencies in just a day.
If you’re interested in cryptocurrency trading, BitMEX is a great place to start, but that can depend on your current location. It has restricted several countries, which means not everyone can access this platform. It has restricted some countries like Crimea, Cuba, Iran, North Korea, Quebec, Sevastopol, Sudan, Syria, and even the USA. But there is still a way to get through the website, and it’s by using a VPN. You’ll find out more as you continue reading the article.
The Importance of VPN in Using BitMEX
It’s surprising to know that BitMEX has restricted the USA from accessing its platform, but it’s for a fair reason. Apparently, American traders have the most competitive operations when it comes to cryptocurrency trading. The restriction caused a backlash, but it was believed that BitMEX couldn’t comply with the laws in the US.
As an established Bitcoin trading platform, BitMEX makes sure that it checks the IP addresses and automatically blocks the traders from the restricted countries. But despite the imposed restrictions, anyone can still access the website with the help of a VPN. If you have a VPN installed on your device, your local IP address will be kept hidden. On top of that, you will get an IP address from another unrestricted country like Canada, Australia, or Japan, making it easier for you to do trading on BitMEX.
In addition to keeping your identity hidden, having a VPN secures your trading transactions on BitMEX. The website provides protection for its registered users and their assets, but the VPN adds extra security, especially if you’re based in one of the restricted areas. No one can compromise your personal data, and you have encrypted traffic, which means your online activities will not be seen by anyone.
Factors to Consider
Before giving you the list of the best VPNs for BitMEX, there are things that you should consider in choosing the VPN. Remember that you’re dealing with money in cryptocurrency trading, so the security features are the most important factor to keep in mind. Ensure that your preferred VPN has the following:
- strong, impenetrable encryption
- strict no-log policy
- a wide network of VPN servers
If possible, choose a VPN provider that offers dedicated IP addresses. It will secure your VPN client in case BitMEX notices that you’re doing transactions on the site. Aside from that, decent connection speed is also a plus. It will help you keep track with the fast-pace online trading.
5 Best VPN Providers for BitMEX
To trim down your choices, here are five of the best VPN providers for BitMEX. They all have great features, and hopefully, you’ll be able to choose one.
1. NordVPN (Best VPN for BitMEX)
If we speak about outstanding security features, NordVPN has one of the best online protection you can get. It implements a strict no-log policy, has a kill switch that doesn’t reveal your identity, and carefully hides your local IP address. It performs a DNS leak test and features an Onion Over VPN that keeps you anonymous while browsing and transacting on BitMEX. And you get all of those security features for $84 for a two-year subscription plan. NordVPN is also considered one of the best VPNs on Reddit.
- Over 5400 VPN servers located in 59 countries
- Straightforward configuration and fast speed
- Double protection (dedicated IP addresses)
- Ad and malware blockers
- Connects up to 6 devices at the same time
- Browser extensions
- 30-day money-back guarantee
The next on the list is ExpressVPN. You can never have a complete without this VPN provider since it has a handful of security features to protect your BitMEX transactions. ExpressVPN has a server technology, ensuring that your data will not be logged to a hard drive. It also features a private DNS, a kill switch, a strict no-log policy, and protection against suspicious attacks while using public Wi-Fi. There will be times when you’re connected to an unsecured public Wi-Fi. With ExpressVPN on your device, your online activities will be secured.
- More than 3000 VPN servers in 94 countries
- Fast speeds and unlimited bandwidth
- IP address masking and anonymous online browsing
- VPN split tunneling
- Connects up to 5 devices at the same time
- 30-day money-back guarantee
3. CyberGhost (Best Budget VPN for BitMEX)
We have emphasized the importance of security features when choosing a VPN provider for BitMEX. Well, CyberGhost doesn’t fail on that part. It doesn’t only unblock the restricted access of BitMEX, but it also secures all your transactions and personal information. It hides your local IP address, has a kill switch, a DNS and IP leak protection, and a strict no-log policy. All of that cost $49.50 for an 18-month subscription plan with a 45-day money-back guarantee.
- More than 6300 VPN servers in over 90 countries
- Unlimited bandwidth and traffic
- Works on all devices
- 24/7 customer support
- Accommodates up to 7 devices at the same time
From the name itself, Private Access Network does provide the needed privacy and security when you’re trading on BitMEX. It provides a secure VPN account and dedicated IP addresses in cases when BitMEX has noticed that you’re hiding through a VPN. Aside from that, it features an anonymous VPN, easy setup, P2P support, strict no-log policy, ad blockers, and malware blockers.
- More than 12,199 VPN servers located in 74 countries
- Unlimited bandwidth and fast connection speeds
- Multiple VPN gateways
- Wi-Fi encryption
- Can be connected to a maximum of 10 devices simultaneously
- Compatible with all operating systems
Don’t forget to read our full Private Internet Access review.
Like a bear, TunnelBear is the kind of VPN that protects you from online dangers. One of its best features is the Vigilant Mode, which is activated when your connection suddenly gets disrupted. It blocks all unsecured data traffic until the connection is safe again. It also features strong encryption in the guise of AES 256-bit encryption, 500MB free data, public Wi-fi protection, and strict no-log policy. You can pay $9.99 per month or $120.00 for a three-year subscription plan.
- Over 1000 VPN servers located in 23 countries
- Fast speeds
- No disconnection
- Protects up to 5 devices at the same time
- Free testing with limited data
All the VPN providers mentioned on the list are recommended choices for BitMEX. They have passed all the “requirements” in having safe and secure transactions. Whichever you choose, it’s definitely worth the price.