Annieee Posted 5 minutes ago Posted 5 minutes ago 💬Core Reasons for Use Privacy Protection While blockchain transactions are pseudonymous, IP addresses can reveal a user’s physical location and identity. Proxies help mask real IPs, reducing exposure to hacking, phishing, or targeted attacks (e.g., whale wallet tracking). Bypassing Geo-Restrictions Some exchanges or trading platforms restrict access based on IP location (e.g., Binance blocking U.S. IPs). Proxies allow users to access services from permitted regions. Multi-Account Management Traders, market makers, or arbitrageurs operating multiple accounts may use proxies to avoid triggering anti-fraud systems that flag linked accounts (e.g., same IP trading across identities). Data Scraping and Automation Investors using bots or APIs to collect market data may rotate IPs to avoid being blocked by exchanges for excessive requests. 👁️🗨️Practical Recommendations Prioritize Security Tools Use hardware wallets (e.g., Ledger) and multi-signature setups instead of relying solely on IP proxies for asset protection. Choose Ethical Services If necessary, opt for reputable residential proxies (not datacenter IPs) with clear privacy policies. Avoid "free" services. Comply with Regulations Ensure your activities align with local laws and exchange terms. For institutional investors, seek legal advice on cross-border compliance. Layer Defenses Combine proxies with anti-detection browsers (e.g., dedicated profiles) and isolated environments for critical operations.
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