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How to Buy Vertcoin – easy step by step guide

Known as the “people’s coin”, Vertcoin (VTC) is similar to other forms of cryptocurrency; however, unlike bitcoin (BTC) and LTC, VTC is ASIC resistant and offers truly decentralized mining and focuses on the original purpose of cryptocurrency – a financial system that users really own.

The easiest way to buy vertcoin is with bitcoins. You can also use fiat currency to purchase vertcoin, which can be also be done by purchasing bitcoin, as well as etherium. What are you waiting for? Lets learn how to buy Vertcoin!

What is Vercoin?

Vertcoin is a digital form of currency, or a cryptocurrency. It was developed as a way to make the mining of cryptocurrency something that everyone can do.

Vertcoin is similar to other forms of digital currency, such as bitcoin and litecoin. However, there is one major difference: it features an algorithm that enables it to be resistant to application-specific integrated circuit, or ASIC.

Because of the increase in mining bitcoin, the process has become increasingly difficult. In order to keep up, miners had to invest in new mining hardware.

With the increasing difficulty in mining bitcoin, it became harder for miners to keep up with the investments in mining hardware that became required. Out of fear that mining bitcoin would become centralized (what cryptocurrency was initially designed to disrupt), vertcoin was create.
The blockchain used to create vertcoin resists the consolidation of mining. As such, this type of cryptocurrency can be mined by anyone, allowing it to remain decentralized.

To keep mining accessible and open to everyone, vertcoin developed what is known as a one-click miner. This one-click miner is software that anyone can download and use on Windows, Linux, or Mac. Vertcoin is truly a form of peer-to-peer digital currency.

Where to Buy Vertcoin

Currently, there are a total of 14 online cryptocurrency marketplaces and exchanges where vertcoin can be purchase. The easiest way to buy vertcoin is with bitcoin.

Some of the top exchanges and marketplaces where vertcoin can be purchased include:

  • Bittrex
  • Binance
  • LiteBit
  • Poloniex
  • Jubi
  • Kittylicious
  • YObit
  • Bleutrade
  • 19800
  • Coinbase

How to Buy Vertcoin

To purchase Vertcoin, you first need to purchase another type of cryptocurrency, such as BTC or ETH. For this example, we explain how to purchase BTC or ETH using Coinbase.

Buy Bitcoin on Coinbase first to buy Bytecoin

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
Register on Coinbase

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
How to buy Bitcoin on Coinbase - Signup

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

Choose the cryptocurrency you would like to buy; BTC and ETH are most commonly accepted at vertcoin exchanges

    1. Input how much you want to buy
    2. Select the “Buy” button
Buy Bitcoin on Coinbase with Credit Card

Step 4: Confirm your purchase

  • To confirm your bitcoin or ethereum purchase, select the “Confirm Buy” button

Step 5: Open an account on an vertcoin exchange

Examples of vertcoin exchanges include Binnance, Bleutrade, CoinFalcon, STEX, YObit, HitBTC, etc

To open an account, you’ll need to input the requested information, including your name, email address, and payment details

Step 6: Purchase vertcoin with bitcoin or ethereum

Select Deposits on the vertcoin exchange you’ve chosen

Select the cryptocurrency you bought on CoinBase

Step 7: Log back into CoinBase

Select the amount of cryptocurrency you want to change to vertcoin

Enter your exchange address (verify the address is correct)

Step 8: Go back to your vertcoin exchange account to confirm your balance

It can take a few minutes for your currency to arrive in your vertcoin exchange account

Step 9: Select the exchange tab on your vertcoin exchange account

Enter a “buy” order for the amount of vertcoin you wish to purchase

Exchanges you shouldnt miss when you want to trade crypto

Why Buy Vertcoin?

Of all the forms of cryptocurrency, vertcoin is one of the most attractive options. It’s a truly decentralized, peer-to-peer digital currency.

VTC is affordable, anyone can mine it, and it’s predicted that the value of this form of cryptocurrency will skyrocket. Therefore, investing in it now is an ideal way to maximize your gains.

How to Sell Vertcoin

Vertcoin can be sold in exchange for other types of cryptocurrency, including bitcoin and ethereum. To do so, follow these steps:

  • Create an altcoin exchange account
  • Fund your account with vertcoin
  • Sell your vertcoin for another type of cryptocurrency, such as BTC or ETH
  • Sell your BTC, ETH, or whatever type of cryptocurrency you sold your VTC for a fiat currency, such as the American dollar or the Euro
  • Withdraw your fiat currency from your exchange account to your bank account

Which Wallets Can I Use for Vertcoin?

There are several wallets that can be used for vertcoin. Some of the best wallets include:

  • Vertcoin Core
  • Ledger Nano S
  • Electrum Vertcoin
  • Coinomi
  • Trezor
  • VTC Paper

Conclusion

Given the fact that vertcoin is truly decentralized and peer-to-peer, and the fact that it’s value is predicted to rapidly increase, purchasing this type of cryptocurrency is considered a wise investment.


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