What is Verge?
Verge (XVG) is an open-source and community-led, privacy-focussed cryptocurrency. Originally launched as
in 2014, the cryptocurrency is based on a distributed ledger called blockchain. Verge transactions are
fast and built on top of privacy services such as Tor and I2P, making them virtually untraceable. Verge aims
the first privacy-focussed cryptocurrency to integrate smart contract functionality with the future
of the RSK technology.
How to buy Verge?
Verge can be bought on cryptocurrency marketplaces. To buy verge, you need to open an account with one and
your identity. The verification process may take from minutes (by showing your ID to an agent using
several weeks. Afterwards, simply transfer money with your preferred payment method to the marketplace to
I if your chosen marketplace does not provide a wallet service you may additionally also need to setup a
Where to buy Verge?
You can buy Verge on two major types of marketplaces.
Exchanges resemble traditional stock exchanges (such as the NYSE or NASDAQ) where
trade Verge with
other sellers and buyers. Cryptocurrency exchanges are thereby responsible for matchmaking, that is for
the price of Verge and finding enough sellers and buyers. As a result, there is no personal contact between
and buyers. Most cryptocurrency exchanges are directed towards professional traders and offer many
features. This is also reflected in their user interfaces which may be confusing for beginners.
Brokers offer Verge out of their own asset stock. This means that the broker is the selling
you buy Verge.
This is contrary to exchanges where transactions occur between individuals. The prices cryptocurrency
usually aligned on current marketplaces. However, brokers charge a markup or markdown that is more expensive
the trading fees charged by exchanges. Broker services are usually easy-to-use and beginner-friendly.
Besides exchanges and brokers, there are also peer-to-peer (P2P) directories where
be able to trade
Verge directly between each other without an intermediary. However, only few P2P directories list Verge.
What to consider when buying Verge
After learning about the different types of marketplaces you may are probably wondering: “But, what’s the
marketplace for me?” Rest assured, we have you covered: Cryptoradar lists some of the most popular places to
Verge from all over world. All you have to do is specify what you are looking for in an exchange or broker
our filters to choose a marketplace of your liking.
Verification: Most marketplaces will require you to verify your identity (e.g. by uploading
of your passport
as well as a utility bill to proof your residency) before you can buy Verge. This process can take anywhere
minutes to several weeks.
Wallet Service: A wallet is a piece of software where you can store Verge. If you are new to
for marketplaces that already provide a wallet service. Please note, however, that storing Verge in a wallet
you are managing yourself is the safer option but it requires some learning effort. We’ve collected some
about different types of wallets here.
Prices & Fees: The price of Verge is determined by supply and demand. Hence, its price will
on the number of people willing to sell and buy Verge. When comparing prices on different types of
exchanges will usually have lower prices and fees than broker services. Besides trading fees there are often
for deposits and withdrawals.
Payment method: You need to transfer money to a marketplace before you can buy Verge. Most
only offer the
possibility to deposit money using wire transfer (which can take up to a week). Good broker services offer
and faster payment methods such as credit card at an extra payment fee.
Security: Security also plays a major role when you buy Verge. Filters on Cryptoradar help
that offer certain security features such as two-factor authentication (2FA) or cold storage. Please note
would like to encourage you to not keep significant amounts of fiat (USD or EUR) and cryptocurrencies stored
marketplaces, as they may be affected in the event of a cyber attack.
When to buy Verge?
Is now a good time to buy Verge? We don’t know. However, if you are looking at a specific price at which you
like to buy Verge, we can help you to not miss a favorable opportunity: Sign up for a Cryptoradar account and set up
a price alert to be notified when Verge trades below or above your target price.