Buy Verge or XVG Crypto Currency by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about how to Buy Verge or XVG Crypto Currency.
How To Buy Verge Currency?
Originally created in 2014 under the name DogeCoinDark, Verge is a blockchain-based cryptocurrency designed for everyday use that focuses on completely secure and anonymous transactions. In fact, its users can switch between public and private ledgers on the Verge blockchain, thus controlling when to hide transaction data and when to make it visible, if transparency is required. In addition, Verge provides total obfuscation of IP addresses in both cases, which makes it the only truly untraceable cryptocurrency.
Unlike many other similar venues, Verge is not a private company funded by pre-mined coins or ICO’s, but a 100% open-source project. All of the development and marketing of the coin is supported by its community members.
How to buy Verge Crypto Cyrrency?
Buy Verge with credit card
Unlike the most popular cryptocurrencies, such as Bitcoin, Ether, and Ripple, you cannot buy Verge directly with credit card on any cryptocurrency exchange. However, you can get some Bitcoin (BTC) or Ethereum (ETH) and then exchange it to XVG.
There are many ways and places to get Bitcoin, but we suppose it would be easier for crypto beginners to do that via credit card in their local currency. That is why we suggest Coinbase for this purpose. This is a major cryptocurrency exchange that supports this payment method. Besides, unlike most exchanges, it holds NY BitLicense and, of course, accepts US clients.
- First, you need to register with Coinbase. After you verify your account, you can deposit some money via card, bank wire or PayPal and grab your Bitcoin.
- Second, you need to sign up with another platform that allows you to exchange BTC for Verge. The reason to do this is that Coinbase supports solely BTC, ETH and LTC.
- Then, transfer your BTC from Coinbase to the other exchange of your choice. The most popular ones are Bittrex and Binance.
- Exchange Bitcoin for Verge on this exchange.
- Store your XVG coins in a secure wallet.
- If you later wish to cash out your Verge coins in your credit card, you have to undergo the process described above vice versa.
Buy Verge directly with fiat (via bank wire)
Some exchanges allow you to buy XVG coins directly with US dollars via bank wire. Here are the details:
– Bitfinex
You can deposit in USD via bank wire, which involves a fee of 0.1%. However, you won’t be able to do that if you are a US resident, as this Hong-Kong based exchange does not accept clients from the US.
– YoBit
This exchange offers several deposit methods: bank transfer, Perfect Money, Yandex, Qiwi, and Advcash. However, there are many negative user reviews about this exchange, and many of them complain that that this company does not facilitate the withdrawal of altcoins. Besides, deposits are charged with pretty salty fees, reaching 6%.
– SouthXchange
This relatively small Argentinian cryptocurrency exchange supports bank wire and PayPal payments; however, its transfer fees appear high. Withdrawals in Bitcoin, for example, are charged 0.15% BTC, and PayPal deposits have a salty fee of 10%.
– LiteBit
This Dutch exchange offers a large number of coins that can be purchased for EUR, so if you are based in Europe, it will probably suit you. It accepts bank transfers, GiroPay, IDeal and Sofort (it takes three working days for the payment from a non-German account to be processed). However, we could not find clear information about its fees.
Generally, trading in cryptocurrencies is also available with forex brokers like eToro. It is probably the best option for those of you who want to avoid all complications owning a coin involves – wallets, private keys, inconvenient platform interfaces, etc. Another important advantage of trading in digital assets with forex brokers is that many of them are regulated, while exchanges are not. Sadly, there aren’t any brokerages that support Verge (XVG) yet.
To buy the coin you can sign up with a cryptocurrency broker, you can use Plus500, XM, eToro, Fxpro or AvaTrade crypto currency brokers.
How to Buy Verge or XVG Crypto Currency Conclusion
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