What is Verge?
Verge (XVG) is a cryptocurrency that places a strong emphasis on privacy and security. The idea behind the currency is to allow users to complete transactions with the upmost anonymity, with every transaction using verge being completely untraceable.
Where to Buy Verge
For anyone unsure of how to buy Verge, you must find a suitable coin exchange platform selling the currency. There are quite a few options out there, including:
How to Buy Verge with Bitcoin
As there is no way to purchase Verge tokens with money, you need to start by buying another cryptocurrency and use this to exchange for XVG.
Bitcoin and Ethereum are two of the best options in this regard. They are simple enough to purchase with dollars and are easy to store and exchange on other platforms. In this case, we are going to use bitcoin to purchase Verge.
Step One – Registering with Binance
Before we buy bitcoin, we need to register with Binance. This exchange allows you to use bitcoin to buy Verge.
Start by registering an account with Binance. Once confirmed, log into your account and choose the deposit/withdrawals tab.
Choose the deposit BTC option, and copy the address provided. You will be sending bitcoin here from Coinbase.
Step Two – Buying Bitcoins at Coinbase
The easiest way to buy bitcoin is to visit Coinbase. It’s a popular website and one of the easiest for purchasing a variety of the most common cryptocurrencies, including bitcoin and Ethereum.
Register an account at Coinbase – be sure to bring some form of ID to verify all your personal information you register.
Coinbase accepts credit cards and bank transfers as payment methods, so it’s the easiest to use for beginners.
Also, the fact it follows strict rules regarding ID verification makes generally the most reliable and secure exchange site for this step.
After registering with Coinbase, take the following steps:
- Select the buy sell tab at the top menu
- Choose bitcoin (or Ethereum if you prefer) and choose an amount to spend in dollars
- Select the buy button and then confirm your purchase
- When you are at the payment option, you will be asked to provide a wallet address to store the bitcoin – copy the bitcoin address from your Binance account.
Step Three – Buying Verge with Bitcoin Using Binance
Once the bitcoin has transferred to your binance wallet, you should have a balance appear. This means you can now buy Verge on the exchange. Now do the following:
- Choose the trading exchange tab on the top left corner of the screen. Search for XVG/BTC exchange and hit select
- Look in the BUY XVG box centre-left of the screen
- Enter how much bitcoin you wish to use to pay for Verge.
- Select the BUY VXG button.
Your order should now be placed. When the transaction is complete, you should now see a number next to XVG at the right side of the screen. You can also check in the balance section of Binance.
Now, you can store your Verge on a suitable wallet. Binance’s online wallet is an option here, but you should always look to store your cryptocurrency on a more secure wallet, such as Nano Ledger S.