Skip to main content

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:

  • Scrypt
  • Lyra2rev2
  • X17
  • Blake2s
  • Myr-groestl

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:

How to Buy VERGE

In order to purchase VERGE tokens, you first need to purchase ETH. Once you purchase ETH, you can then exchange it for VERGE. For this example, we will explain how to purchase ETH on Coinbase, one of the most popular cryptocurrency exchanges.

Buy Bitcoin on Coinbase first to buy VergeUse the link here or click the image above to get $10 in Bitcoin when you purchase or sell your first $100.

Register on Coinbase

Step 1: Create a Coinbase account

Select the “sign up” tab and complete the form by entering the requested information, including:

  1. Your name (exactly as it appears on your photo identification)
  2. Email address
  3. Password
  4. Location
How to buy Ethereum on Coinbase - Signup

Step 2: Verify your account

  • Issue your phone number
  • Upload an image of your photo ID
  • Verify your credit or debit card, or your bank account information

Step 3: Select the “Buy/Sell” option on the menu, once our account is verified

After verification, select the “Buy/Sell” option on the menu

  1. Choose “Ethereum”
  2. Input how much you would like to purchase
  3. Select the “Buy” button
Buy Bitcoin on Coinbase with Credit Card

Step 4: Confirm your purchase

  • Select the “Confirm Buy” button

Step 5: Open an account on an exchange that accepts Verge

Binance Frontpage

For the purposes of this example, we are going to use the Binance exchange

Register on Binance

Step 6: Register your Binance account

  1. Enter your email address and a strong password
  2. Agree to the terms of use
  3. Select “Register”
  4. You’ll receive an email to confirm your account
Sign up to Binance

Step 7: Login to your Binance account

Login to Binance

Step 8: Transfer ETH from Coinbase to Binance

  1. Under the “Wallet” tab, select “Deposits”Select Deposit on Binance Menu
  2. Copy the ETH deposit address you are provided withCopy Ethereum deposit address
  3. Log back into Coinbase
  4. Select “Accounts”
  5. Click “Send”
  6. Enter your ETH deposit address
  7. Input the amount of ETH you want to transfer
  8. Select “Continue”

Step 9: Exchange ETH for Verge Coins

  1. When your ETH has arrived in your Binance account, you can exchange it for VERGE tokens
  2. Select ETH currency
  3. Search for  VERGE in the search box and select it

Exchange Ethereum for VergeSelect whether you want to “Limit” order (you can choose the amount of VERGE you want to purchase) or “Market” buy, which will autofill your order at the best price

Step 10: Select the “Buy” button

  • Once you have chosen the amount of VERGE you would like to purchase, select the “Buy button”
  • Your VERGE order will be immediately filled; your ETH will be transferred into VERGE
How to Buy VERGE on Binance

Exchanges you shouldnt miss when you want to trade crypto

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
  • Coinomi

Conclusion

The enhanced privacy, rapid transactions, low fees, and scalability of Verge are all factors that make it a worthwhile digital currency to invest in. Whether you are looking to invest in cryptocurrency for the first time or you want to diversify your portfolio, Verge is a great choice.


No Comments found

Send this to a friend