{"id":212769,"date":"2019-02-27T09:52:11","date_gmt":"2019-02-27T14:52:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=212769"},"modified":"2020-08-17T07:14:58","modified_gmt":"2020-08-17T11:14:58","slug":"buy-verge","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-verge","title":{"rendered":"How to Buy Verge"},"content":{"rendered":"
The race for the best and most efficient anonymous cryptocurrency has been underways for quite some time now, however, one of the top contenders for the spot has been “Verge”, otherwise known by its ticker symbol of “XVG”. Verge is a cryptocurrency that runs on the Ethereum blockchain that focuses mainly on being a form of payment that can facilitate internet transactions in an anonymous and secure method. Buying Verge can be a complicated process, especially for beginners. In this guide we’ll show you the best exchanges to buy Verge from as well as a step-by-step walkthrough of how to purchase XVG in under 5 minutes<\/strong>.<\/p>\n Cryptocurrencies are relatively new technologies, however, there are multiple exchanges that offer different pairs to buy. A list of these supported exchanges can be found here.<\/a><\/p>\n Buy Verge<\/strong><\/span><\/a>\n<\/p><\/div><\/div>\n The aura around Verge has been for quite sometime very mysterious and to an extent even unknown due to its anonymous-focused nature. The cryptocurrency was first released as a fork of Dogecoin underneath the name of “Dogecoin Dark”. Dogecoin is more of a ‘memecoin’; its purpose isn’t necessarily for pure utilization or efficiency but rather as a form of simple internet payments. Despite this, Dogecoin is technologically pseudonymous. This means that while Dogecoin is still relatively a cryptocurrency where it’s fairly difficult to link identities, wallet addresses and identities can still be linked to an entity. It’s rather complex, however, the bottomline is that Dogecoin is trackable; it’s not anonymous. Dogecoin Dark ‘forked’ or split off of the Dogecoin framework to form an anonymous version of Dogecoin. After sometime and extended business development, the cryptocurrency renamed to “Verge”, and implemented what is called the “Wraith Protocol”, separating itself in the world of blockchain making it a unique contender in the overall market.<\/p>\n Verge implements what is referred to as an “optional anonymity protocol”. It’s essentially just a process that makes it so that anyone using Verge can choose <\/em>to be anonymous in their transaction if they wish to. By simply selecting a quick feature button, the user can choose to rid their presence in any created transaction. However, if they would rather wish to emphasize speed of transaction and do not care at all for anonymity or privacy, they don’t have to turn on the anonymity function. It’s a unique take on cryptocurrency transactions that although not perfect, has served as inspiration for many cryptocurrencies; all which stemmed from a fork of a ‘meme’ coin.<\/p>\n Verge is actively traded on Binance and a few other reputable exchanges, and is also an active payment method on a number of different adult websites as well as merchants. The cryptocurrency came under a bit of controversy when it was subject of a 51% attack, a technological attack where over 50% of the Verge network is controlled enabling the remaining 50%’s funds to be manipulatable at the whim of the attacker.<\/p>\n Verge has stated their overall goal is to establish a safe, secure, and privacy-centric technology on the internet that has never before been possible. Through the “Wraith Protocol”, the cryptocurrency aims to be at the forefront of the online payment methods sector.<\/p>\n Verge has luckily provided an interactive page for any supported and verified wallets for use with Verge. It’s important to always check the legitimacy of the wallets you’re utilizing due to the possibility for fraudulent or phishing related wallets. Use this page as a benchmark if you’re looking to create any new subsequent Verge wallets. Binance has for quite some time been very up to date and keen to list any potentially revolutionary or market affecting cryptocurrencies to their platform under the proper discretionary guidance; Binance was one of the first exchanges to list Verge (XVG) pairs when they first propelled themselves to the mainstream.<\/p>\n Binance is a Malta-based exchange ran and founded by Changpeng Zhao, a cryptocurrency and blockchain technology-based activist that has promoted cryptocurrency growth for quite some time. While Binance has remained neutral on their overall stance and opinions towards Verge, they do in fact maintain a listing on their platform.<\/p>\n To get started with purchasing Verge from Binance, you’ll first need to create a Binance account. You can do this very easily by navigating to the Binance official homepage and clicking on the top right of the navigation bar where it says “Log in or Register” and clicking “Register”. Upon clicking the register button, you’ll be asked for simple information including a valid email, username, and password to protect your account. Verification of identification is optional <\/em>for furthering account limitations, however, it is no way required.<\/p>\n <\/a><\/p>\n Once you’ve finished registering, verify your account email by clicking the verification link sent to you. This is the furthest level of verification that you’ll need; all further verification is only required for institutional-sized trades or purchases of Verge. The next step is to deposit funds to Binance so that you can use them to purchase Verge. To do this you have 2 main options: Linking a credit card for direct payment, or deposit of Bitcoin or any supported cryptocurrency on Binance. Theoretically if done in a quick manner (Due to the volatility in Bitcoin price), depositing Bitcoin would be the more cost-efficient method for purchasing Verge on the site due to the fees imposed for credit card purchases.<\/p>\n Prior to depositing, however, let’s look at the subsequent process of purchasing Verge for a better understanding of how Binance deposits work: Cryptocurrency is sent to Binance –> If that cryptocurrency is supported via an XVG pair, say for example, “XVG\/BTC” then you can immediately exchange it for Verge, however, if not –> Exchange the deposited cryptocurrency for a supported XVG base pair (Ex: USDT, USDC, ETH, etc) –> Use the base cryptocurrency to purchase Verge.<\/p>\n As a result, Bitcoin will be deposited in this example. To do this, navigate to your account and highlight the dropdown selection of “Funds” and then select “Deposits”. On this new page, you’ll be instructed to enter which cryptocurrency you’re looking to deposit. In our case, we want Bitcoin; as a result, Binance will generate a deposit address for you as is shown in the example below (Present underneath the “BTC Deposit Address” section);<\/p>\n <\/a><\/p>\n By sending Bitcoin to this newly generated address, you’ll then be able to fund your Binance account after the network confirmations are completed. As a result, you’ll then be able to purchase Verge by finding the next XVG pairing with BTC under the “BTC markets” section.<\/p>\n To finally make the purchase for Verge, navigate to the top left of the Binance “Exchange” tab and select “Basic” (This is the easiest UI to navigate on Binance). Once selected, you’ll be able to search for Verge’s ticker symbol which is “XVG” – the process will look as shown below:<\/p>\n <\/a><\/p>\n Once you select the pair, you’ll be prompted with the trading portal where you can create a buy order; you have 2 options, market order or limit order. A limit order executes only if XVG\/BTC crosses a certain price point while market orders simply execute at the next best price. Either will work; market orders are definitely in many cases good for beginners, since you don’t need to do much analysis or due dilligence prior to placing the order, so a market order is recommended for beginners. Plus, XVG is liquid enough where market orders will not put you at a huge loss.<\/p>\n Once at the market order tab, all you’ll need to do is enter in the quantity of Verge you’d like buy (Relative to Bitcoin price), and wait for the order to execute. After execution, you can check your “Funds” account section to move or trade your newly acquired Verge.<\/p>\n Pros:<\/strong><\/p>\n Cons:<\/strong><\/p>\n Visit Binance<\/span><\/a><\/strong><\/p>\n<\/div><\/div>\n Purchasing Verge if you’re in the UK is fairly easy. You can do just this buy logging into Binance and buying Verge through either of the deposit methods enabled. None of them are restricted for UK residents, so you shouldn’t have an issue making a deposit or buying Verge on Binance.<\/p>\n The current top liquid exchanges for Verge are at the moment are enabled in the UK; so at least at the moment, you shouldn’t have an issue purchasing Verge from the UK. All deposit methods are also enabled on Binance, there are no restrictions (Unless you’re looking to make institutional-sized transactions).<\/p>\n<\/div>\n Binance is enabled in the US and Canada, and also has no limitations as far as which deposit methods are limited in the US. There aren’t many restrictions as far as exchanges that support Verge pairings that also prohibit US customers. Buying Verge in the US should be a fairly straightforward process, and can be done rather easily by following the aforementioned instructions.<\/p>\n Verification processes on Binance can also be completed as a US citizen, so doing this for Verge can be quick. <\/p><\/div><\/div><\/div>\n Verge is most liquidly available on Binance, which is an exchange that as mentioned in our previous section, can link a credit card in order to make purchases. As a result, by linking your credit card to Binance, you’re then able to make a purchase for Verge.<\/p>\n In order to buy Verge with a credit card, you’ll first need to ensure you’re registered with the exchange; once done, you’ll need to navigate to “Funds” on the top right section of the exchange’s navigation bar, and then select the drop down option of “Buy with Credit Card”. The following image demonstrates the drop down and highlighted in yellow is the option you need to select.<\/p>\n <\/a><\/p>\n Once you’ve selected this option, you’ll be prompted with a new page where you’re able to specify which cryptocurrency you’d like to purchase and how much of it you’d like to buy. Here, you’ll have two options. You can select Verge straight from the dropdown to purchase Verge directly with a credit card, or you can purchase a base pair that Verge is traded at and exchange it for Verge. The following image demonstrates a purchase of 1 Bitcoin, equivalent (Plus fees) to Binance’s rate of $4099.31.<\/p>\n In order to purchase Verge with a credit card, all that’d be required is to swap the drop down of “BTC” for “XVG”. Then, when prompted, validate you’re on the correct Binance site and not a phishing site. Enter in your credit card information and you can proceed with purchasing Verge.<\/p>\n <\/a><\/p>\n <\/p>\n After you’ve entered in the information and completed the purchase, you should be able to navigate back to your portfolio or funds in your Bitcoin account<\/a> and see that Verge has now been added to your account.<\/p>\n<\/div>\n In order to buy Verge using PayPal, you’ll need to first sign up and register for an exchange that supports PayPal purchase of Bitcoin. At the moment there is no exchange that enables for the direct transaction of PayPal to Verge, so in order to purchase Verge using PayPal you’ll first need to buy Bitcoin with PayPal<\/a> and then exchange that Bitcoin for Verge.<\/span><\/p>\n Exchanges that support PayPal purchase for Bitcoin include Paxful, however, you’ll need to be extremely careful as there are a plethora of scammers on the platform. There are also a few exchanges that support direct Bitcoin (Asset wise) purchase with PayPal, and the process is generally the same: buy Bitcoin using PayPal, transfer the newly acquired Bitcoin to an exchange that supports XVG\/BTC pairing and swap the Bitcoin for Verge.<\/p>\n<\/div>\n To buy Verge with Bitcoin you’ll first need to acquire Bitcoin and register for an exchange that utilizes Bitcoin as a deposit method. The best, and most likely easiest example of this is to link a credit card to Binance, use the credit card to purchase Bitcoin and then use that Bitcoin to exchange directly for Verge on the Binance platform.<\/span><\/p>\n Bitcoin and Ethereum pairs (BTC & ETH) are the two main pairs that are the most liquid when trading or buying Verge. As a result, buying Verge using Bitcoins is very simple.<\/span><\/p>\n<\/div><\/div><\/div>\n Upon receiving ownership of Verge, you might at some point come to the conclusion that you’d like to sell Verge; but how would you do that? Selling Verge is an easy process that doesn’t require any new steps or skills that haven’t been introduced already in this guide previously. Once you own Verge, you can then manuever it as you’d like, and you can sell it on Binance as long as it’s contained in your account.<\/p>\n The process for selling Verge can be done on any exchange that supports an XVG listing and supports XVG deposits. For XVG deposits, you’re going to be sending XVG to a specific wallet address (Random string of letters and numbers), that once confirmed will represent ownership value.<\/p>\n Once confirmation is completed, you can then proceed to sell the XVG you own. To do that, all you have to do is navigate to the exchange you’re on’s market page, and select “Sell” under the XVG profile page. For Binance, the page will look like so:<\/p>\n\n
Find in This Article<\/b><\/h3>\n
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How to Create a Verge Wallet<\/b><\/h2>\n
\nThe page can be found here<\/a>, and features a list of different ones that have been validated for retail and institutional use.<\/p>\n
\n<\/p><\/div><\/div><\/div><\/div>\nThe Best Exchanges to Buy Verge<\/b><\/h2>\n
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Buying Verge in Your Country<\/strong><\/h2>\n
Differences Between Buying and Trading Verge (XVG)<\/b><\/h2>\n
Buying Verge<\/b><\/h2>\n
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Trading Verge<\/b><\/h2>\n
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Alternative Methods to Buy Verge (XVG)<\/strong><\/h2>\n
How to Sell Verge<\/b><\/h2>\n