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:
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
- VTC Paper