Verge (XVG) is a secure and anonymous cryptocurrency with a very strong focus on privacy. The Verge blockchain uses the basic technique of the Bitcoin protocol, but has also implemented technologies to improve safety and ensure anonymity. For this purpose, XVG uses various networks in which anonymity is central, such as TOR and i2p: users’ IP addresses are thereby rendered anonymous and transactions can no longer be traced.
How To Buy XVG
So you’re interested in buying XVG? Currently, there is no way to buy XVG directly with fiat, so the best way to buy XVG is to first purchase Ethereum, transfer it to your chosen trading platform and change it to XVG. We’ll show you how.
2. Once your account has been created and confirmed, log into your Binance account. Once you have logged into the account, go to the menu, click on the funds section and then deposit on the drop down bar.
3. Once you’re on the Deposit section, click the drop down menu labeled “Select Deposit Coin” and look for Ethereum, or type ETH and select.
4. This is your Ethereum Deposit Address, we have chosen Ethereum instead of Bitcoin due to the lower fees and transfer times. Next we’re going to look at buying Ethereum and depositing it into your Binance account.
1. First change the Buy option from BTC to ETH for USD and then choose your amount.
2. When you have chosen the amount of Ethereum you want to purchase (A minimum of 0.05 ETH is required), you will need to register and confirm your CEX account and payment details.
Once that has been confirmed and the ETH has been deposited into your account, we will then need to move it over to Binance.
3. Select the Withdraw option at the top of the site and select Ethereum as your currency. You will then be given a field, where you will add a wallet. This is where you can transfer your money to Binance.
4. Go back to your Binance Account and copy the alpha numeric code under your Ethereum Deposit section and paste it into your Ethereum Withdrawal section on CEX.io. Confirm that this address is correct and press “Withdraw“.
Your Binance account will now be credited with Ethereum.
2. On the trading platform, select the ETH section and use the search function to search for XVG/ETH and confirm.
3. On the XVG/ETH trading section you can now choose how much XVG you want to buy with your Ether. Once you have chosen your amount, press Buy XVG and place your order.
Once your order has been fulfilled, your account will be credited. Congratulations you’re now the proud owner of XVG.
What is Verge (XVG)?
Verge is an open source decentralised financial system based on blockchain technology. The goal of Verge is to implement the Bitcoin concept in a way that focuses on the privacy of the blockchain users. The XVG digital currency has existed since 2014, but at the time it was known as DogecoinDark. In 2016, the developers decided to rename the cryptomint after Verge so that the blockchain would be seen as a serious project.
Verge (XVG) describes itself as the most privacy-focused cryptocurrency. The blockchain uses different cryptographic algorithms such as Scrypt and x17 to provide a high level of security while the XVG miners always have equal opportunities. The cryptocurrency supports the Simple Payment Verification (SPV) protocol, allowing transactions on the Verge blockchain to be confirmed very quickly. However, this ease of use should not compromise security and anonymity, which is ensured by using networks such as TOR and i2P.
The Verge cryptocurrency has had no “premine”. This means that Verge’s developers have not received part of all XVG beforehand: they have had to buy these crypto coins themselves. The total quantity of XVG limited to 16.5 billion, which after the first release of 9 billion Forg in 2014 will be distributed annually approximately per 1 billion XVG.
Wraith Protocol (Verge) In December 2017, the Verge Wraith Protocol stepped up considerably as a result of a number of positive developments, including the advent of the Wraith Protocol. Wraith is a protocol that allows users to choose whether or not their transaction is visible on the Verge blockchain.
Verge is a fast and privacy-focused cryptocurrency, but there are enough situations imaginable it should be possible to trace a transaction. For example, when a company accepts payments in Verge, it is useful to be able to see where a payment came from. However, financial privacy is also very important, and with Wraith Protocol Verge users can therefore choose to make fully anonymised payments.
Thanks to Wraith Protocol, users can choose from 1 Verge wallet whether a transaction should be visible or invisible via the Verge Blockchain Explorer. Regardless of whether the transaction data is visible or hidden, Verge always obfuscates the IP address from which an XVG transaction is sent through the Tor network. This makes Verge unique and compared to other “privacy coins”, because for other cryptocurrencies the origin of a transaction can usually still be traced by means of an IP address.
Watch the VergeCurrency introductory video below:
Verge rate: the current XVG value
Verge is a blockchain that has existed for some longer, but was previously known as DogeCoinDark. Since 15 February 2016, however, the digital currency has been called Verge (XVG). In 2017, the developers released a number of important updates such as a new website and an XVG wallet, which is a variant of the Electrum wallet.
Several large exchanges seem to take on the cryptocurrency in their trading platform, so investing in Verge by more people can be done and the price of the cryptomunt is very likely to rise again. Although it doesn’t always have to say something, in this case it can help that the new website of Verge Currency is very clear and available in different languages.
Since Verge’s new white paper – which they call a black paper – the Verge price has been rising. As with other cryptocurrencies, it is of course never possible to say with certainty whether the value will rise or fall, but if the developers continue to do so professionally, Cryptostart expects that the XVG price will continue to rise in the long run.