Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Verge, and is trustworthy!
You can find our top 3 exchanges for buying Verge here, alternatively you can also check our comparison of the best crypto exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Verge
And of course, the final step is to find Verge on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Verge (XVG)
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How to Sell Verge
- Sign into the exchange
- Find where you stored your Verge, either on a hardware wallet or on the exchange.
- Transfer your Verge to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Verge.
Considerations when looking to buy Verge.
Verge, a privacy-focused cryptocurrency that uses blockchain technology, aims to provide a fast, efficient and decentralized payment network that is more efficient than the original Bitcoin (BTC). VergePay is integrated into the wallet to provide anonymity and the ability to send transactions to stealth addresses.
The project is community-driven and relies on volunteers. It prides itself on being open source.
Verge, originally launched as DogeCoinDark (PPC), in October 2014, was first introduced. It was rebranded as Verge in February 2016 to make it more appealing to mass adoption and distinguish it from Dogecoin, which has no direct relationship. The Bitcoin source code is the basis of the project.
According to the "blackpaper," Verge was designed to help Satoshi Nakamoto, Bitcoin's founder, realize his vision of an electronic payment system that is decentralized and trustless. However, it also provides more privacy than Bitcoin.
Verge uses a number of privacy features to achieve this goal. Verge automatically routes traffic from and to its vergePay wallet via the Tor network. This anonymizes traffic and masks IP addresses. Dual-key stealth addressing is also available. Senders can create unique wallet addresses for recipients to protect their privacy. Atomic swaps are used to power trustless peer to peer cross-blockchain transactions.
Verge is a platform that aims to mainstream adoption. The Verge Core team seeks strategic partnerships in order to expand its use and awareness. It sponsors professional athletes, and has partnered, among other things, with platforms like MobiePay, crypto payments platform, ATM provider MeconCash, Crazy8Token, and CryptoPays.
To scale, market, and pursue partnerships, the Verge Core team relies heavily on community support and crowdfunding. The project raised 75 millionXVG in April 2018 (approximately $7.5 million at that time) to pay for integration with a major payment processor.