How to Buy Verge
Based on an open-source platform, Verge is a decentralized currency, meaning that there is no central control over the digital coins. Verge focuses on making transactions private and untraceable. Additionally, the verge platform aims to address transaction speed issues that are associated with other types of cryptocurrencies by offering rapid confirmation and delivering significant amounts of data transfer.
Verge’s crypto token is the XVG coin. XVG can only be purchased with fiat currencies on a handful of exchanges, such as HitBTC; however, it can be purchased with other types of cryptocurrencies on several exchanges.
What is Verge?
According to the Verge website, the cryptocurrency was developed for everyday people and for “everyday use”. The developers of Verge the Verge platform to enhance the blockchain technologies that are used with other types of cryptocurrencies, such as Bitcoin (BTC) by offering both laypeople and professionals a “fast, efficient, and decentralized way” to make direction transactions while maintaining privacy. Verge also aims to address privacy issues that are experienced on other cryptocurrency platforms.
Developed in 2014 and initially called DogeCoinDark, Verge Currency was rebranded in 2016. It’s based on an open-source platform, meaning that is funded and supported by the Verge community and not ICO or pre-mining. The creator of Verge has maintained his or her anonymity by operating under the username “Sunerok”.
The total supply of VXG tokens will be 16.5 billion; significantly more than the amount of Bitcoin tokens, which only total 21 million.
Verge uses five mining algorithms, which include:
These algorithms can be supported by CPUs, GPUs, and ASCIs; therefore, mining isn’t limited to certain types of hardware, so anyone can mine Verge.
To maintain privacy, Verge uses TOR, a peer-to-peer network, which serves as the “middleman” between the IP addresses of users and the Verge blockchain. The TOR network alters the IP addresses that are sent to Verge on a constant basis. Additionally, Verge uses I2P, which uses individual paths, further increasing privacy, and a revolutionary Wraith Protocol, both of which further enhance privacy.
Verge coins can be sent to and received by various digital wallets. Transactions are fast, the fees are low, and the circulation volume is high. Add to that the fact that it Verge tokens can be supported by multiple platforms and the privacy features that the Verge network offers and this cryptocurrency has the potential to be used as a global payment system for various good and services.
Where to Buy Verge?
Verge coins can be purchased on several different exchanges. Some of the most popular exchanges where this cryptocurrency can be purchased include:
Why Buy Verge?
Verge offers numerous benefits. The fact that it is completely anonymous, totally private, and extremely flexible is some of the main appeals of this cryptocurrency. Additionally, the fact that Verge offers widespread adoption on a global basis is another significant benefit.
The transaction costs associated with Verge are much lower than the transaction fees that are associated with other types of cryptocurrency. Transactions are also completely quickly and privately. Verge charges cannot be reversed, tokens are available as soon as they are processed, and they can be used to purchase a variety of products and services.
To summarize, the privacy, speed, and low-cost all make Verge tokens a worthwhile investment.
How to Sell Verge
At present time, Verge tokens cannot be sold for fiat currencies, such as the US dollar or Euros; however, it can be sold for more widely-used digital tokens that can be exchanged for fiat currencies.
To transfer Verge tokens to fiat, create an account on the altcoin exchange. Deposit Verge tokens into your account and then sell them for more widely-accepted digital coins, such as BTC or ETH. Next, sell the digital tokens for fiat and withdraw the fiat to your bank account.
Which Wallets Can I Use for Verge?
Several wallets can be used to store Verge, including:
- Verge QT
- Tor Verge
- Verge Paper