![]() Verge Currency is a decentralized currency based on an open-source platform, with no central control over the coin, founded in 2014 under the name DogeCoinDark. The XVG coins will then transfer from Binance to your Verge Electrum wallet and will remain there until you wish to sell them. Remember that you had already saved your Verge Electrum wallet address safely. Select ‘Withdrawal’, enter the details and select submit. We would recommend not leaving your XVG coins on the exchange and transfer them to your recently downloaded Verge Electrum wallet. ![]() Once purchased, you can locate your newly purchased XVG coins in the Deposits ‘Withdrawals’ tab located in the ‘Funds’ section. Upon notification, go to the Binance trading platform and search for XVG/BTC and complete the XVG purchase with your Bitcoins. The transfer can take up to an hour depending upon backlogs and Binance will send you an update once your Binance wallet receives the Bitcoins. This can be achieved by selecting the funds’ tab and choose “Deposits Withdrawals.” In the search box, type ‘Bitcoin’ or Ethereum that will provide a list of wallets for Bitcoin or Ethereum and select ‘Deposit.’ Copy the BTC deposit address from the newly created Binance account and paste it into the exchange from where the Bitcoins are to be withdrawn, by selecting ‘Send’. Withdraw your BTC from the chosen exchange and transfer them to the newly opened Binance. (Remember to always use strong passwords and also enable the 2FA option when prompted). Do note that, while there are higher transaction fees when purchasing with debit or credit card, the purchase is instantaneous.Īfter purchasing your Bitcoin from one of the above exchanges, sign into Binance and open an account. In the event that you don’t already have an existing account on an exchange and are not holding Bitcoins or Ethereum, open an account on Coinbase and purchase Bitcoin or Ethereum. On this basis, we would, therefore, recommend Binance as the preferred exchange for Verge and the XVG/BTC pairing.īelow is a Step-by-Step guide to buying Verge (XVG) with other cryptocurrencies: By volume, Binance has the largest market share, with Binance’s XVG/BTC accounting for just over 44% of total Verge trading volumes. Buying Verge with Cryptocurrenciesįor those looking to buy Verge with cryptocurrencies, you will need to go through an exchange that caters for the XVG/Altcoin pairing that you are looking to buy the Verge coins with. While not many exchanges cater for the purchase of Verge (XVG) with fiat currencies, HitBTC does provide for an XVG/USD pairing for those looking to purchase with fiat currencies. One option would be to buy Verge (XVG) with fiat currencies, with the second option being to buy with another cryptocurrency. With the wallet now created, there are two ways in which you can buy the XVG coins. Once the wallet is open, select the receive tab and copy the receiving address to a file for safekeeping, as you will need this address when buying your XVG coins. The next step in the wallet process is to enter a password, that is also particularly important and if you forget it, will result in the loss of your coins. ![]() ![]() Once the wallet has been downloaded to your desktop, unzip the file and run the executable, in the Electrum Wizard, select ‘Create New Wallet’ and ‘Standard Wallet’ assuming that you are not looking for a wallet that requires multi-user and significantly higher security characteristics.Īt this point, you will receive a ‘seed’ for the wallet, which needs to be stored and backed up somewhere safe as this is needed to restore your wallet in event of a loss of the wallet. The fact that additional steps are required in case an Electrum wallet is not used, suggests that an Electrum wallet is the best option, the only downside being that Electrum wallets are currently incompatible with android phones. ![]() Verge has also provided the option to download Verge blockchain in order to speed up the process of setting up for holding XVG coins if an Electrum wallet is not chosen. In addition to the preferred tab, which has a number of wallets to choose from, there are also individual tabs that separate wallets by desktop, mobile and other, though we would recommend downloading from the preferred tab for obvious reasons. On the Verge website a number of wallets have been recommended, catering for MAC, Windows and Linux users as well as for OSX and Android mobile phones. When deciding on a wallet, as with all other cryptocurrencies, it is advised to choose a wallet that has been recommended by the cryptocurrency’s website. Step 1 – Create Verge (XVG) Digital Wallet ![]()
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