Trading has become a highly valued skill across the globe in today’s time. This has become a new field of interest and passion as well as a full-time profession and a source of income. As it is a very sensitive field, it is important to know how to maintain your safety on trading platforms.
Binance is an authentic and trusted trading platform used by most number of traders. However, due to various government guidelines and regulations, it has been banned in many countries including Canada. So, if you are in Canada, to use Binance safely, you will need a VPN. We strongly recommend ExpressVPN for guaranteed results.
How to use a VPN with Binance in Canada
Using a VPN is a very straightforward and uncomplicated process which does not take more than a couple minutes of your time but goes a long way in protecting your data and ensuring your safety. Follow the steps given below to use a VPN with Binance:
Step 1: Subscribe to a top-notch premium VPN service. This is the most crucial step as your choice of VPN will determine everything. So, you must make a wise VPN choice. Refer to the VPN Guide given below or use ExpressVPN for guaranteed results.
Step 2: Download and install the VPN app of your selected VPN service on your device from the Apple App Store or the Google Play Store. You can download it directly from the official website of the VPN as well.
Step 3: Launch the VPN app and set up your VPN account. Sign up and log in using the same credentials.
Step 4: On the VPN app, from the list of VPN server options provided, connect to a VPN server in a country where Binance functions flawlessly. This will provide you the connection ID of that country.
Step 5: Go ahead and access your Binance account. You should now be able to use your Binance account without any interruptions without worrying about your safety.
Why is Binance restricted in Canada?
Binance which was earlier available and allowed to be used in Canada is now restricted there.It got restricted in Canada in May 2023 because of the uncertain regulatory environment. The trading platform refers to the market as uncontrollable because of various new suggestions about crypto exchange.
The drastic negative changes seen on the trade on this platform led to the decision of restricting it in Canada. There are many problems related to the crypto market such as low liquidity, macroeconomic issues, regulatory control, etc. This is why people who are physically located in Canada are not allowed to use Binance trading platform.
How to use Binance safely with a VPN?
Even though the Binance trading platform is restricted in Canada, using a VPN allows you to use it without facing any kind of inconvenience. The VPN does this by giving your device an IP address of a country where the platform is available by connecting to a server of that country.
VPN in use will also ensure that you are safe while using Binance because it does not let the authorities know that you are using the service from Canada as it hides your device’s Canadian IP address and gives it a required IP address of a country where it is allowed to use Binance.
Along with this, it also maintains online safety by making a special tunnel for all your data to pass through. This tunnel keeps your data fully encrypted, not letting any third party get access to it for any kind of misuse. So, you must use a reliable VPN service to get the best experience on Binance even when you are in Canada. Our topmost recommendation is ExpressVPN.
VPN Guide: Which VPN to choose?
As trading involves a series of sensitive processes, data, and very importantly money and bank details, you just cannot put your safety at risk. Which is why it is extremely important to avoid using free VPNs. Free VPNs expose you to extreme risks. They are known to share your details with third parties and leave loop holes for cybercriminals.
There are many factors which must be seriously considered while choosing a VPN. Here is a list of the most important ones which you just can’t overlook at any cost:
| Security | High-tech modern security and privacy features along with strong encryption technology |
| Speed | VPN server connection speed must be good |
| Servers | Wide and scattered network of VPN servers with multiple options in countries across the globe |
| Unblocking efficacy | Strong encryption technology and the ability to bypass restrictions |
| Reliable encryption | Encryption technology must be strong otherwise your data and identity will be at risk |
| Multi-logins | Option to log in to multiple devices with the same VPN account |
| Ease of use | VPN app must be user-friendly and easy to use even for new users |
| Customer support | An all time customer problem addressal system to respond to any issues raise by customer at any time |
Is trading illegal?
Every country government have their own views on trading. In most countries today, forex trading is legal provided you are choosing a authorized trading platform. While trading is legal, many governments have banned various trading platforms due to regulatory guidelines.
So, make sure to properly research the government regulations and guidelines on trading before you indulge yourself in it. Moreover, it is extremely important to use a top-notch VPN service, like ExpressVPN, to ensure complete safety and security at all times while you are trading.
Frequently Asked Questions
Which crypto wallet is best in Canada?
All users, new and experienced, believe that Exodus is the best crypto wallet in Canada because of its great cryptocurrency support as well as friendly user-interface making people’s experience amazing.
Is Binance a safe trading platform?
Yes, Binance is a safe trading platform because it has features to keep a check on all activities and takes actions against suspicious activities. It offers two-factor authentication, emails about safety and security, etc. Thus, it is a trusted platform for trading online.
What will happen if Binance finds out that I am using a VPN?
Using Binance through a VPN service is not illegal but like for other users if you do some illegal activity using a VPN action will be taken against you. And in normal situations also if the platform finds out that you are using a VPN it will probably block your access to it.
Is it risky to use Binance?
Binance ensures safety and security through various means but like any other platform there are some risks in using it because of the rising frauds and scams happening online. Make sure you take each and every step possible to ensure your online safety.