Swap Tracker
June Katz 4 min read

What is Verge and How to Buy XVG?

What is Verge and How to Buy XVG?

What is Verge crypto?

This coin was released in 2014 under the name DogeCoin Dark, built from a fork of Peercoin, the name was meant as a gesture to the fun Doge community. As the project, and community grew, the need to be more serious led it to a rebrand in 2016. Justin Vendetta alias Sunerock started the project with a community of people in an IRC chat. At the time a miner, Sunerock wanted to create a currency that was built by people for people. It was started publicly by the early community without a pre-mine, an ICO, or any built-in mechanism for funding. Their main source of funding is through voluntary donations to the verge community.

How Verge crypto works

Some of XVG's key features:

  • Verge wallets use Tor for IP obfuscation, protecting users’ privacy;
  • There’s additional obfuscation by stealth addressing;
  • Ultra-fast transactions — about 100 per second;
  • Verge has been created on an open-source platform, which prevents it from being controlled by a central entity. The complete XVG source code is available on GitHub;
  • Verge supports atomic swap technology;
  • The team is developing smart contract capacities to be available on the Verge blockchain.

Many companies, vendors, and sites have started accepting XVG coins as a form of payment, which is in line with the project’s goal. Verge aims to become a widespread, quick, and easy means of payment for individuals and businesses all across the globe.

Advantages of using Verge crypto compared to Bitcoin

In a quick comparison with Bitcoin, XVG’s advantages over the market-leading cryptocurrency soon become apparent. Since its inception, Bitcoin has been the most expensive currency in the digital universe. This fact distances the coin from the interest of millions of enthusiasts who cannot afford its purchase. Unlike Bitcoin, Verge, with its current price, is quite accessible to the pockets of most. Verge was created with the purpose of making transactions user-friendly, quicker, easier, and with more privacy. Compared to the 10 minutes an operation can take for Bitcoin, the first confirmation can take up to 30 seconds (depending on where the blockchain is) but you will see confirmation within the first seconds. In terms of security, Verge provides robust privacy protection, while Bitcoin does not have the function of securing the IP addresses involved in transactions. As a result, Verge is gaining momentum in the world of cryptocurrency, staying for many years, in the top 100. And, as a mineable currency, it is firmly entrenched in the top 20 coins.

Verge Wallets

Verge’s official wallet, vergePay, has versions for both PC and mobile devices including iOS. Coinomi is another alternative if you want to make transactions from your mobile phone. Similarly, there are others such as Guarda, Atomic Wallet, Verge Paper Wallet.

How to buy Verge coin

Among the biggest exchanges where you can find XVG are Binance, HitBTC, Bithumb, and Bittrex. The trading pairs include XVG to USD, EUR, BTC, ETH, KRW, USDT, BCH, DOGE, and TRY. You can also get Verge on the SwapSpace cryptocurrency exchange aggregator, which is a quick and easy way to obtain the required amount of XVG.

How to exchange XVG on SwapSpace?

  1. On the SwapSpace homepage, select XVG in the “You send” section and the cryptocurrency you would like to receive in the “You get” section. Enter the amount of XVG you want to exchange.
  2. Choose the instant exchange service that suits you most.
  3. Specify the recipient address and check if all the data is correct.
  4. Send your XVG coins to the address you will see on the screen.
  5. Wait until the exchange is complete.

Related Posts

Cryptocurrency Wallet Types: Pros And Cons

Cryptocurrency Wallet Types: Pros And Cons

June Katz 7 min read
In order to store crypto and increase the security level of your funds, you can use a cryptocurrency wallet. They have a higher level of protection in comparison with the crypto exchanges. In this article, you will get to know about the advantages and disadvantages of crypto wallets and get acquainted with their varieties and the most popular ex
Read more ❯
The Biggest Cryptocurrency Thefts in the Last 10 Years

The Biggest Cryptocurrency Thefts in the Last 10 Years

June Katz 11 min read
In this article, we will try to remember all the major cryptocurrency thefts over the past 10 years. 1. Bitstamp hack , $5.3 mln ( BTC ), January 4th, 2015 On January 4, 2015, the operational hot wallet of Bitstamp announced that it was hacked by an anonymous hacker and 19,000 Bitcoins (worth of $5 million) were lost. The initiatio
Read more ❯
Public And Private Keys

Public And Private Keys

June Katz 2 min read
As well as fiat, cryptocurrencies need to be stored securely. That’s what we need these keys for. In this article, we will tell you what private and public keys are and how they are used. What are private keys? A private key is a number that is encoded in different formats depending on which wallet you are using. In each format, the private
Read more ❯
Blockchain Consensus Algorithms and Their Varieties

Blockchain Consensus Algorithms and Their Varieties

June Katz 5 min read
This article is written for beginners who are just starting to learn the crypto world. We want to help you a little. As you might have guessed, this article will be about blockchain consensus algorithms . On the blockchain market, there are a lot of consensus algorithms allowing us to choose what is the most relevant node for signing
Read more ❯

Where all instant exchangers met for your smoothest experience

Maximize profits, minimize search

Tags

cryptocurrencies

Recent Posts

What's Up with Multichain?
What's Up with Multichain?

What's Up with Multichain?

John Martin 5 min read
Users of the Multichain ( MULTI ) cross-chain protocol have been reporting issues with transactions getting stuck in the blockchain as a result of an error that occurred during a recent network update. Several Multichain users have complained that their funds have been stuck in the protocol for 72 hours. Part of the problem appears to be rela
Read more ❯
Are We Overdue for a Crypto Bull Run? An Overview of the Market Situation
Are We Overdue for a Crypto Bull Run? An Overview of the Market Situation

Are We Overdue for a Crypto Bull Run? An Overview of the Market Situation

John Martin 8 min read
2022 has become a difficult year for the cryptocurrency market and will be remembered by negative events and trends. These include the onset of "crypto," the collapse of FTX , and the "stifling embrace" of regulators. We gathered experts' opinions on how to assess the results of the year and the prospects for the next - should we expect a market
Read more ❯
Exploring Bitcoin Ordinals and the BRC-20 Token Standard
Exploring Bitcoin Ordinals and the BRC-20 Token Standard

Exploring Bitcoin Ordinals and the BRC-20 Token Standard

June Katz 5 min read
Bitcoin Ordinals: An Introduction So far the majority in the crypto world has been talking about Bitcoin as a store of value. This idea initiated a heated debate, which has not eased off until this day. Nonetheless, what can be seen in practice is that Bitcoin is rarely used actively as a means of payment. Even though there are interesting cases,
Read more ❯
In Search of The Best Stablecoin
In Search of The Best Stablecoin

In Search of The Best Stablecoin

June Katz 6 min read
Stablecoins are cryptocurrencies that are designed to have a stable value, unlike other coins whose values can fluctuate wildly. They are pegged to fiat currencies such as USD. This means that the price of a stablecoin will not change significantly in response to market movements. Stablecoins can be used as a store of value, a medium of exchang
Read more ❯

BTC  to ETH : Best Rates

btc-icon
btc
0.1