how to buy verge coin

How Crypto Currencies Works? Digital Money Guide

how to buy verge coin

Verge bills itself as a “safe and easy-to-use” digital currency, and its network aims to provide a simplified and fast digital payment system for daily use, just like Bitcoin, but faster and more private. The project is open source and is completely managed by volunteer community members and individual developers.

The Verge community has been working hard to make it an anonymous and untraceable cryptocurrency so that people viewing the blockchain do not know who sent the coins to whom. Another main goal of the Verge project is to significantly increase productivity and provide extremely fast confirmation rates on the blockchain so that transactions can be as fast as, or even faster than, using a credit or debit card.

How to Buy Verge (XVG)? – A Step-by-Step Guide

Step 1 | Create Verge (XVG) Digital Wallet

When deciding on a wallet, as with all other cryptocurrencies, it is recommended to choose a wallet recommended by a cryptocurrency website. On the Verge website, some wallets suitable for MAC, Windows and Linux users, as well as OSX and Android phones are recommended.

In addition to the “favorites” tab where there are many wallets to choose from, there are a few separate tabs that separate the wallet by desktop, mobile device, and other ways, but for obvious reasons, we recommend selecting the “favorites” option Card download.

If the Electrum wallet is not selected, Verge also introduced the option to download the Verge blockchain to speed up the setup process of holding XVG coins. The fact that extra steps are required when not using the Electrum wallet indicates that the Electrum wallet is the best choice. The only drawback is that the Electrum wallet is currently not compatible with Android phones.

After downloading the wallet to your desktop, unzip the file and run the executable file. In the Electrum wizard, select “Create a new wallet” and “Standard wallet”, assuming you are not looking for a wallet that requires multiple users and higher security features.

Step 2 | Buy Verge (XVG) Coin

With the wallet created now, you can buy XVG coins in two ways. One option may be to buy Verge Coin (XVG) with fiat currency, and the second one is to buy Verge (XVG) Coin with other cryptocurrencies like BTC and ETH.

Buying Verge (XVG) with fiat currency: Although there are not many exchanges for buying Verge (XVG) with fiat currency, HitBTC does provide a pair of XVG/USD for those who want to buy with fiat currency.

Buying Verge in cryptocurrency (XVG): For those who want to buy Verge in cryptocurrency, you need to purchase Verge coins through an exchange that provides XVG/Altcoin matching services. In terms of cryptocurrencies transaction volume, Binance has the largest crypto market share, and Binance’s XVG/BTC only accounts for more than 44% of Verge’s Coin (XVG) total transaction volume. On this basis, we recommend Binance as the preferred exchange for Verge Coin (XVG) cryptocurrency and XVG/BTC pairing.

Here is a step-by-step guide for purchasing Verge (XVG) Coin with other cryptocurrencies:

  • If you do not have an existing account on the exchange and do not have Bitcoin or Ethereum, please open an account on Coinbase and buy Bitcoin or Ethereum. Please note that although the transaction fee is higher when purchasing with a debit or credit card, the purchase is instant.
  • After purchasing Bitcoin from one of the aforementioned exchanges, log in to Binance and open an account. (Always remember to use a strong password and enable the 2FA option when prompted).
  • Withdraw your BTC from the selected exchange and transfer it to the newly opened Binance. This can be achieved by selecting the “Funds” tab and selecting “Withdraw Deposit”. In the search box, enter “Bitcoin” or Ethereum, which will provide a list of Bitcoin or Ethereum wallets, and select “Deposit”. Copy the BTC deposit address from the newly created Binance account, and then paste it to the exchange where you want to withdraw bitcoins by selecting “Submit”. The transfer may take up to an hour, depending on the backlog, once your Binance wallet receives the bitcoin, Binance will send you an update.
  • After receiving the notification, go to the Binance trading platform and search for Verge (XVG) Coin/BTC and use your Bitcoin to complete the Verge (XVG) Coin purchase.
  • After purchasing Verge (XVG) Coins, you can find the newly purchased Verge (XVG) coins in the “Withdrawal” tab of the deposit located in the “Funds” section. Select the “Withdraw” tab, enter the “Orignal Details” and select “Submit”. Please remember that you have safely saved your Verge Electrum wallet address. The Verge (XVG) Coins will then be transferred from Binance to the Verge (XVG) Electrum wallet and will remain there until you want to sell them.

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