Are you working on an interesting cryptocurrency and/or blockchain project? Maybe it is a trading bot? Or perhaps you are launching a token, a token presale, or running a blockchain node? The real question is, is VPS hosting safe for these projects? I am sure I asked the same question when I first attempted to host a cryptocurrency wallet online. Let's dive into this question.
Why Do People Host Crypto Projects On VPS
A VPS (Virtual Private Server) works like a small room within a big building. You are not sharing everything like you would in a cheap shared hosting structure. VPS hosting provides:
• Your own dedicated CPU and RAM.
• More control of your system.
• A more stable uptime, so your project does not go offline as frequently.
If you have ever hosted a crypto project on shared hosting, you understand how painful the experience can be. VPS hosting will simply work better.
Is VPS Truly Secure?
The answer is: It depends on you and your VPS provider. VPS is more secure than shared hosting because your space is separated from others. But it is not completely secure.
Here are the benefits of VPS for cryptocurrency projects:
• Separation: Other users cannot access your files.
• Scalability: When your project grows, it is easy to upgrade.
• Total control: You establish your security requirements.
However, if you establish a weak password or neglect to update your system, hackers can still access your VPS account. This is like leaving the doors of your house unlocked.
Essential Items to Keep in Mind
If you're hosting crypto on VPS, you should:
• Always use encryption (SSL/TLS).
• Have your own backup. Don't rely solely on your hosting provider.
• Have DDoS protection. Crypto-related projects are popular targets.
• Use strong passwords and two-factor authentication. It's simple, but it works.
Think of VPS like a hot wallet—helpful, but requires careful management.
My Personal View
I believe VPS strikes a good balance. It's more secure than shared hosting, less expensive than dedicated servers, and versatile for most crypto-related projects. Would I host a large crypto exchange on VPS? No way. But for smaller applications, bots, or testing projects, it's excellent.
Final Thoughts
So is VPS hosting safe for crypto? Yes, as long as you implement security properly. VPS provides the tools, but if you don't manage them, you're stuck.
It's like living in an apartment—you have locks on your doors and cameras in the building, but if you leave your door open, you're going to have visitors.