Daniel - May 26, 2021
Are you a crypto trader who trades Ethereum? If yes, in this article, I’ll be showing you the best proxies for Ethereum trading.
Many proxy providers are out there. To enjoy all the benefits of trading Ethereum with a proxy, you need a reliable proxy provider. This is why I recommended ProxyRack proxies as the best Proxies for Ethereum.
ProxyRack features a variety of residential and datacenter proxies. This includes Unmetered Residential, Premium GEO Residential, Private Residential proxies, and USA Rotating Datacenter, Global Rotating Datacenter, Static USA Datacenter, Canada Rotating Datacenter proxies.
ProxyRack proxies are the best proxies for Ethereum trading because;
You get over 5 million residential and over 20,000 datacenter proxies
You can select proxies in different countries and cities all over the world
With the residential proxies, you can get target-specific Internet Service Providers (ISPs).
The proxies are very fast with high success rates
You get both static and rotating proxy options
Check out the pricing plans of ProxyRack proxies:
Unmetered Residential Proxies: Starting from $80
Premium GEO Residential Proxies: Starting from $14.95
Private Residential Proxies: Starting from $99.95
USA Rotating Datacenter Proxies: Starting at $120
Mixed Rotating Datacenter Proxies: Starting at $120
Shared Datacenter Proxies: Starting at $49
Canada Rotating Proxies: Starting at $65
Ethereum (ETH) is the second most valuable cryptocurrency. It’s topped only by Bitcoin. Ethereum is the most actively used blockchain. Many have argued that ETH is more reliable as a cryptocurrency than Bitcoin due to its open blockchain and smart contract functionality.
Conversely, Ethereum trading is basically cryptocurrency trading. Trading here mainly implies day trading. Most trading platforms and brokers offer Ethereum CFDs which are the most common method of trading Ethereum.
While trading, you speculate the Ethereum market and go long or short. In other words, you can buy or sell depending on if you think the price will rise or fall respectively. If the market moves in your favour, you make a profit. If it doesn’t, you make a loss.
Like all major cryptocurrencies, ETH is very volatile. The price fluctuates every now and then. If you must trade ETH, you should do so with a well-crafted trading plan. Your trading plan will determine when to open and close your positions. It’ll also help you keep your emotions away from trading.
In some cases, you’ll need a proxy for Ethereum trading.
One of the main reasons why you need a proxy for Ethereum trading is for security. The internet isn’t a safe place and a proxy is one of the tools you should have if you care about cybersecurity. A proxy will keep your browsing identity private and let websites access a masked one.
You may live in a country or region where the platform you want to trade ETH is not supported. Such cases happen a lot and you can solve them with a proxy. Websites are able to tell your location by reading your IP address. Proxies are very good at hiding your real IP address.
When you use a proxy, you can select any server country you want. Then, you’ll get to browse with that country’s IP. Therefore, you just need to select a country where the platform is supported. A third reason why you’ll need a proxy for Ethereum Trading is if you’re using a crypto trading bot.
Crypto trading bots are automated tools that are programmed to help you buy and sell. With these bots, you don’t have to sit in front of a computer watching market candlesticks all the time. To make your bot appear naturally, it needs IP addresses that you can get from Proxies.
Ethereum trading using proxies has several advantages. You can purchase the best proxies for Ethereum trading from ProxyRack.