With the global crypto market capitalization of $2.21 trillion (as of 2021) and the average daily volume of $120 billion, critics have started to call crypto trading the modern-day gold rush.
Since cryptocurrencies are glorified as secure and private, many individuals are turning towards trading and successfully making money. But unfortunately, the boom of this modern-day trading has also attained ample attention from cybercriminals.
Hackers are always lurking around, chasing for crypto wallets to make sneaky transactions and steal money. This is why it’s wise to use the best VPN for crypto trading in Canada that protects your online traffic, eliminates imprints of your transactions, and secures your assets from malicious actors.
A VPN will mask your IP address and encrypt your internet traffic by routing it through one of its servers. However, it’s ideal that the best crypto VPN also supports anonymous payments through crypto for its subscription plans in Canada.
Our team has tested 40+ VPNs and rounded up a list of the five best crypto VPNs that support crypto-payment methods, symmetric-key encryption, robust protocols, and other security features that keep your Bitcoin wallet secure in Canada.
Why Do I Need a VPN for Crypto Trading in Canada?
A VPN will conceal your IP address, letting you hide your wallet and identity from hackers. It also bypasses geo-blocks. A few crypto trading platforms like Binance are unavailable in the US, and KuCoin is unavailable in China. So, a VPN can help you circumvent these geo-restrictions and easily continue trading on these platforms in Canada.
That’s not all. Let’s check out all the reasons for using a cryptocurrency VPN in detail below:
Risks Associated With Cryptocurrency
Here are some common risks associated with cryptocurrency:
- Fake Crypto Exchanges: Cryptocurrency exchanges are markets where you can buy or sell digital currencies. However, many fake crypto exchanges aim to steal your data.
- Initial Coin Offering: There are numerous crypto startups offering ICOs, most of which are fake. So, make sure to choose a legitimate one to stay safe.
- Offline Wallets: Offline cryptocurrency wallets are vulnerable to hacking. In February 2021, it was discovered that an elusive malware called ElectroRAT had been targeting crypto wallets for over a year.
- Unsecure Addresses: Bitcoin and crypto addresses are not encrypted and secure, so they can be compromised anytime. Therefore, hackers can easily target them, and your crypto account can be compromised.
How VPNs Help Secure Crypto Transactions in Canada
To ensure the anonymity of your cryptocurrency transactions, it becomes important to use a VPN service in Canada. A VPN enables you to hide your IP address, making it difficult for a snooper to trace a Bitcoin payment to you.
Therefore, you need the best VPN for crypto trading in Canada to maintain anonymity at the highest level. This is why it is recommended for you to use a robust VPN provider and perform anonymous crypto transactions.
VPNs encrypt your online traffic in Canada
A virtual private network (VPN) encrypts your online traffic with 256-bit encryption. It scrambles your online traffic and makes it difficult to decipher. Even if a hacker gets their hands on your data, it will be unreadable.
This way, you can protect your wallet’s private keys and credentials. A premium VPN will ensure that you are always secure and safe online during cryptocurrency transactions in Canada.
5 Best VPN for Crypto Trading in Canada [In-Depth Analysis]
Choosing the best VPN for crypto trading in Canada can be daunting. After all, you’re trusting some company to protect your digital currency. To make it easier for you, below are the top five VPNs that ensure maximum security for your crypto transactions in Canada:
1. ExpressVPN – The Best VPN for Crypto Trading and Bitcoin in Canada
ExpressVPN is the best VPN for cryptocurrency trading in Canada. This high-tech VPN service allows you to surf the internet without leaving any trace, protects crypto assets, and boosts online security through its well-rounded security features and speeds.
This VPN is based in the British Virgin Islands, providing massive server network of 3000+ VPN servers in 94 countries. By connecting to another server location, you can either encrypt your connection while trading crypto or access geo-restricted crypto trading sites if you’re traveling outside your country.
How can you protect your crypto trade and wallet using ExpressVPN in Canada?
All of ExpressVPN’s servers equip a feature called TrustedServer technology. The entire network runs on RAM-only servers, which means that your data is wiped off after each reboot. This ensures that the VPN doesn’t keep any record of your crypto transactions and exchanges on its servers.
Moreover, you also get a kill switch, split tunneling feature, DNS leak protection, and also custom DNS servers for maximum security. Its Lightway protocol keeps you extra secure and drains less battery while you exchange crypto.
Best of all, ExpressVPN offers strong 256-bit encryption, which prevents snoopers and hackers from interfering in your transactions.
If we talk about crypto support, ExpressVPN accepts crypto payments via BitPay. It also accepts anonymous payments through Ethereum and XRP, as well as USDC, BUSD, PAX, and GUSD stablecoins. The service is trustworthy. We went ahead and tested it with multiple Bitcoin wallets such as Ledger Nano X, Trezor Model T, and Ledger Nano S without losing confidence in the service.
Due to all these fantastic features, this VPN is available at a price of CA$9.17/mo (US$ 6.67/mo) (Save 49% and get 3 extra months FREE with 12-month plan) in Canada and offers live chat support as well in case you need assistance.
Find out more about this VPN in our in-depth ExpressVPN review.
- Highly secure for accessing crypto wallets
- Accepts crypto payments through BitPay
- Accesses Binance, Coinbase, and other exchanges
- Offers 3000+ servers in 94 countries
- Comes with AES 256-bit encryption, split tunneling, and more
- Doesn’t offer a free subscription plan
- Offers only five logins simultaneously
2. Surfshark – Affordable VPN for Crypto Trading in Canada
Surfshark has an enormous server network with over 3200 servers worldwide. You can connect to any one of the 95 countries and access all geo-restricted crypto exchanges and trade cryptocurrencies while staying absolutely unidentified. We tested its servers with Coinbase, Binance, and Kraken and got immediate access to all three crypto exchanges.
With thousands of servers, Surfshark is no slouch regarding speeds. While testing, we noticed that it only took us 10 seconds to build a successful connection, and the average speed drop was only 20%, which is quite normal for a VPN.
With its fast-speed servers, we could update the crypto charts without lag.
How to Secure Your Crypto Transactions using Surfshark in Canada?
in Canada, Keeping your crypto transactions secure is easy with Surfshark’s MultiHop feature. It provides multi-encryption by routing your traffic through multiple servers to encrypt your traffic and let you enjoy trading securely.
With the latest Nexus technology, Surfshark has launched a dynamic MultiHop feature, letting you select your own country combinations for encryption.
Surfshark offers additional security features like WhiteLister (split-tunneling), Kill Switch, NoBorders mode (obfuscation), protection against DNS leaks, and the best-in-class performance. Its servers work on the principle of a strict no-logs policy and support powerful protocols like WireGuard, IKEv2, and OpenVPN, to let you access trading platforms from any location.
With Surfshark, you can securely purchase a subscription through Bitcoin transactions using CoinPayments and CoinGate without worrying about a thing. Surfshark accepts the following anonymous payment methods: Bitcoin, Ethereum, Bitcoin, Nano, Dai, TRON, USDT, BitTorrent, Travala.com, Litecoin, and BEAM.
Aside from supporting crypto payment methods, it is super secure. In fact, we tested it with our own Bitcoin wallets (Exodus, Electrum, Mycelium) and found it quite trustworthy.
All these features are available at an affordable cost of CA$3.42/mo (US$ 2.49/mo) (Save 81% on 2 Years Plan) in Canada, and there is also a 30-day money-back guarantee, so you can test the VPN and cancel anytime.
To find out more about this service, explore our Surfshark review.
- 3200+ servers in 95 countries
- NoBorders Mode
- Super-fast speeds with WireGuard
- Unlimited simultaneous connections
- Super affordable
- Unaudited logging policy
3. NordVPN – Secure VPN with Dedicated IPs and Double-Hop Servers in Canada
NordVPN is the most powerful and secure VPN for crypto trading in Canada. Its DoubleVPN feature and dedicated IP addresses make it an exceptional choice for accessing crypto exchanges.
NordVPN offers 5500+ obfuscated servers across 59 countries worldwide. Among these, we tested its Canadian, Brazilian, and UK servers and easily traded our cryptocurrencies on Binance.
NordVPN is tested to be super-fast. Our connection only took about 5-7 seconds, including nearby and long-distance servers.
How to stay safe and threat-free while trading crypto with NordVPN in Canada?
in Canada, NordVPN offers a Threat Protection feature that stops snoopers and trackers before they end up causing any harm. It warns you whenever you access a harmful site and scans your device for malware-infested files to delete them. Moreover, the feature also blocks all intrusive pop-ups and advertisements.
Not only that, but this best VPN for crypto trading in Canada also offers a Double VPN and DDoS protection that can greatly enhance the privacy of your cryptocurrency wallets. NordVPN never keeps logs; therefore, it’s a perfect VPN for users who want the highest anonymity level. It also comes with two kill switches and private DNS settings.
Let’s not forget that NordVPN also offers dedicated IP addresses to its users at an affordable cost. This IP address is dedicated to a single user, using which they can enjoy trading crypto while avoiding getting the IP blocked.
NordVPN offers easy Bitcoin, Ethereum, and Ripple payments through CoinPayments. Again, being a super trustworthy service, we tested it with our Coinsmart wallet without any hesitation.
It is available at a reasonable price of CA$5.49/mo (US$ 3.99/mo) (Save 70% on 2 Years Plan + Extra Subscription) in Canada, and with one subscription, you get a 30-day money-back guarantee.
Get to learn more about this VPN in our NordVPN review.
- Most secure VPN service
- Audited no-logging policy
- Accepts payments through crypto
- Nordlynx adds to its security
- Customizable kill switch
- Doesn’t offer a router app
4. CyberGhost – User-friendly Service with a Dedicated IP in Canada
CyberGhost is an easy-to-use VPN that is perfect for protecting your crypto wallets in Canada. It offers different modes to help you fine-tune your crypto-trading VPN experience.
With over 8900+ high-speed servers worldwide, you can access geo-restricted crypto exchanges from all across the globe while staying anonymous. Similarly, with various servers in each location, you can also access your crypto exchange while traveling abroad.
How to avoid being blacklisted by trading platforms in Canada with CyberGhost’s dedicated IP address ?
Usually, a VPN assigns the same IP address to various users and may make a user use several IP addresses throughout the day. Multiple crypto exchanges tend to block users when they detect several IP addresses being used.
This is where the need for a dedicated IP address comes in. A dedicated IP helps you stay away from being blacklisted and avoid CAPTCHAs and other frustrating extra verification steps while exchanging cryptocurrency in Canada. However, please note that a dedicated IP requires a small extra fee.
Additionally, CyberGhost offers features like military-grade encryption, Kill Switch, IP masking, and more. Its IP leak protection feature was quite good as it did not leak our IP address every time we tested it.
Like other providers we have covered so far, CyberGhost accepts payments through BitPay so that you can get them anonymously. Being super secure, we had no doubts testing it without our personal Bitcoin wallet (Bitcoin IRA) for test trading.
CyberGhost comes at a price of just CA$3.15/mo (US$ 2.29/mo) in Canada. That’s not all. It can be connected with 7 devices simultaneously and offers an extensive 45-day money-back guarantee for ultimate peace of mind.
Find out more about this VPN in our in-depth CyberGhost VPN review.
- Accepts payment through BitPay
- Dedicated modes for different activities
- Security features include split tunneling, no logs, kill switch, etc.
- Dedicated IP address
- Easy-to-use apps for devices
- It might be hard to connect to a few servers
5. Private Internet Access – Reliable VPN with Good Security Features in Canada
PIA is one of the most reliable VPNs you can get for crypto trading in Canada. With this VPN, you get leak-proof security, compatibility with all popular devices, and AES 256-bit encryption for ultimate protection.
Private Internet Access offers a huge network of 35000+ secure servers in 80 countries worldwide. Now, if you look at the server network, you’ll notice that it’s HUGE. We tested its servers in 10 different countries, including Italy, France, Brazil, Australia, Canada, the US, and the UK, and unblocked Crypto.com, Binance, and other exchanges.
How to protect your crypto wallet by using PIA in Canada?
MACE is a PIA-specific feature that blocks all trackers, ads, and malware like most ad-blockers. But, it does that by sending the DNS requests to your local server instead of blocking them from a tracking server. This makes MACE much more memory efficient and faster.
PIA further has an automatic kill switch, split tunneling, DNS/IPv6 leak protection, and more. So, your data is safe even from your internet service provider. We made sure that the VPN didn’t leak our IP by conducting an IP leak test.
Not only that, but for added security, PIA incorporates Public Wi-Fi Security. So, if you need to manage your Crypto wallet on public Wi-Fi in Canada, you have nothing to worry about. Best of all, PIA promises to follow a strict no-logs policy. This is great since you wouldn’t want your VPN provider logging your secret credentials.
Concerning crypto transactions in Canada, Private Internet Access offers multiple methods of payments for crypto, including Bitcoin, Litecoin, and Ethereum. We tested this VPN with Robinhood wallet and found it to work reliably. Needless to say, it is super secure and trustworthy.
You can connect up to 10 devices simultaneously with one PIA VPN subscription. It is available at a price of CA$3.01/mo (US$ 2.19/mo) in Canada and offers a 30-day money-back guarantee.
Get to learn more about PIA in our PIA review.
- MACE and no-logs policy
- AES 256-bit ecnryption
- 35000+ servers worldwide
- Kill switch
- Server speeds are slower than its competitors
Comparison Table – Best VPN for Crypto Trading and Bitcoin in Canada
|Does VPN log Files of IP addresses and web activity?||No||No||No||No||No|
|Internet Kill Switch||Yes||Yes||Yes||Yes||Yes|
|Encryption||Lightway, OpenVPN, IKEv2||AES-256-GCM||Nordlynx, IKEv2, IPSec||AES-256||AES-256|
|More Info||ExpressVPN Review||Surfshark Review||NordVPN Review||CyberGhost Review||PIA Review|
What Makes the Best VPN for Crypto Trading in Canada
Making Crypto transactions in Canada without using a VPN is quite risky. Since multiple VPNs claim to work great with crypto, it’s difficult to pick the one per your needs. Following are the factors you need to consider when choosing the best VPN for crypto trading in Canada:
- Robust encryption: The first aspect you need to consider is strong encryption. The primary use of a VPN is to protect your data and activities on the internet. However, a few VPNs use sub-par security measures and cannot keep you safe. This is why you need to look for the best secure VPN in Canada that offers powerful AES 256-bit encryption to protect your crypto transactions.
- Server network: You should select a VPN that offers an extensive server network to bypass the geo-restrictions of multiple crypto-trading platforms in Canada. Also, make sure that the VPN offers a variety of local servers as well so you can continue trading even while traveling abroad.
- No leaks: During crypto trading activities, your actual IP address can be exposed through DNS, IP, and WebRTC address leaks. This can be prevented through a VPN’s leak protection feature. Premium VPNs also offer an effective kill switch that protects user activities from leakages.
- Customer service: You’ll need a VPN with commendable customer support so you can get help anytime. All the crypto VPNs mentioned in this guide offer 24/7 live chat support to solve your troubles promptly.
With robust security, user-friendliness, and excellent speed, ExpressVPN is the best VPN for crypto trading in Canada. The second-best option is Surfshark, due to its MultiHop feature and Camouflage Mode option. However, NordVPN, CyberGhost, and PIA are all reliable and affordable options.
Can I Use a Free VPN for Crypto Trading in Canada?
You can use a free VPN for crypto trading in Canada, but we suggest you don’t. Various free VPNs allow you to select from just a handful of countries. If you want to access not-so-well-known crypto markets, then they may be off-limits, even while using a VPN.
Many crypto-exchange markets block IP address ranges offered by VPNs as a preventative measure against bots and scammers. It’s likely that the hackers previously used a free VPN and already got the IP address range blacklisted, meaning you can’t re-access the site with the same VPN. Since premium VPNs invest a lot in their service, you won’t face similar issues with them.
Lastly, free VPNs equip data caps which restrict how much data you can use in a day/month. Few provide you with 10 GB/mo, which is insufficient. As a result, you might end up using it in a single day, which can make a free VPN service in Canada quite questionable.
In short, instead of looking for the best free VPN for crypto trading in Canada, we recommend using our tried and tested best VPN for crypto trading in Canada mentioned above. If you ask us, we’d recommend you simply opt for ExpressVPN – thanks to its excellent security, thousands of servers, unlimited bandwidth, and blazing-fast speeds.
What are the Best Crypto Trading Platforms in Canada?
Following are the best crypto exchanges of 2022 in Canada:
- Best overall crypto exchange and best for beginners in Canada: Coinbase
- Best crypto exchange for Bitcoin in Canada: Cash App
- Best crypto exchange for security in Canada: Gemini
- Best crypto exchange for experienced traders and low fees in Canada: Kraken
- Best crypto exchange for Altcoins in Canada: BitMart
- Best decentralized exchange in Canada: Bisq
- Best crypto exchange mobile app in Canada: Crypto.com
FAQs – Best VPN for Cypto Trading in Canada
Now that you know everything about the best VPN for crypto trading in Canada, let’s check out their most frequently asked questions.
Which VPN is best for crypto trading in Canada?
ExpressVPN is the best VPN for crypto trading in Canada due to its robust security, ease of use, and excellent speed. This next-best VPN is Surfshark due to its MultiHop feature and RAM-only option. However, NordVPN, CyberGhost, and PIA are reliable and inexpensive options.
Do I need a VPN to trade crypto in Canada?
A VPN is essential for everyone engaging in crypto trading in Canada. A VPN makes your transactions secure and aids in eliminating data breaches and hacking attacks. Your data remains secure even if you indulge in crypto trading on an unsecured Wi-Fi network.
In detail, we covered every reason why you need a VPN for crypto trading in Canada above. Go through it, and you’ll understand.
Are VPNs safe for crypto in Canada?
Yes, VPNs are quite safe for crypto exchanges in Canada. A VPN adds an additional layer of security against viruses, phishing attacks, and malware. It secures your IP address to prevent IP monitoring by government authorities, hackers, and forensic analysis organizations, so you can purchase and sell crypto absolutely anonymously (in case you avoid KYC/AML exchanges).
Is buying crypto with a VPN illegal in Canada?
No, buying crypto using a VPN is not illegal in Canada. In fact, it makes you more anonymous. No one viewing your browsing logs can know what and when you’ve purchased something.
Can you mine Bitcoin with a VPN in Canada?
Yes, it’s possible to mine Bitcoin and other cryptocurrencies using your preferred VPN in Canada. In a few cases, it’s recommended to do that. If you’re not familiar with VPNs, a virtual private network is a private network built on a public network’s infrastructure.
Do I need a VPN for Bitcoin in Canada?
Yes, you need a VPN to trade Bitcoin in Canada. There are multiple reasons why you should use a VPN while working with cryptocurrencies: VPNs encrypt the data you send via the network, making it difficult to intercept. A VPN adds an extra security layer against phishing attacks, viruses, and malware.
However, you should always opt for the best VPN for Bitcoin to stay anonymous and protected. We highly recommend using ExpressVPN.
Wrapping Up! – Best VPN For Crypto Trading in Canada
Even though cryptocurrency is likely the future of global currency, it is not totally secure at the moment. When you make payments online via cryptocurrencies, snoopers, online hackers, and government agencies can easily track down your IPs. This could lead them to your original destination or perhaps steal your hard-earned crypto money.
VPNs and cryptocurrencies go side-by-side. VPNs not only protect you while trading cryptocurrencies but also accept crypto payments to give you the best anonymity at all times.
This is why we tested and listed the most premium VPNs for crypto above. However, we’d like to reiterate that ExpressVPN is undoubtedly the best VPN for crypto trading in Canada. This VPN offers advanced security features and blazing-fast speeds to keep your digital belongings secure in Canada.