Where to buy Verge

Curious about Verge (XVG)? Here’s our overview of what it is and how to buy it.

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Verge is a cryptocurrency primarily focused on providing two advantages:

  • Security. The number one focus is complete anonymity and privacy in transactions when desired.
  • Functionality. The second focus is extra functionality in the form of compatibility across multiple blockchains and future smart contract functions.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where can I buy Verge in Canada?

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support. Binance are not regulated in the UK for margin trading and you should use an authorised provider. Margin trading is a complex and comes with a high risk of losing money rapidly due to leverage.
Cryptocurrency
Bank transfer (SEPA)
SWIFT
Wire transfer
Faster Payments Service
GBP, EUR, USD, CAD, SGD, AUD, JPY, MXN
BTC, ETH, BCH, XRP, LTC, EOS, XLM, USDT, ADA, XMR, TRX and 50+ more
BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
Credit card
Cryptocurrency
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, & 75+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Cryptocurrency
Wire transfer
USD, EUR, GBP, JPY
BTC, BCH, BTG, IQ, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH, ETP, XTZ, CNN, BOX, GOT, TKN, UTN
Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, & 128+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
YoBit Cryptocurrency Exchange
AdvCash
Cryptocurrency
Payeer
Perfect Money
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX, ABYSS, PAC, ZEC, XVG, EOS, ETC, & 404+ more
Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
CryptoBridge Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, RVN, LTC, ALQO, LCC, ECA, SMART, POLIS, BCO, COLX, IC, XP, BWK, HTML, QBIC, & over 44+ more
Offering over 80 cryptocurrency pairings, CryptoBridge is a decentralised exchange that supports the trading of popular altcoins.
Cointree Cryptocurrency Exchange - Global
Cryptocurrency
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BTC, ETH, XRP, BCH, EOS, XVG, LTC, ADA, MIOTA, TRX, NEO, DASH, XMR, XEM, VET, ETC, ICX, QTUM, OMG, & 70+ more
Buy and trade 100+ cryptocurrencies on this global cryptocurrency exchange.

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What are the unique features of Verge?

Verge (XVG) is designed to offer completely private and untraceable transactions where desired, similar to the successful Monero cryptocurrency. But for an extra edge, it also offers a range of distinct features including:

  • Optional transparency. Verge offers “Wraith Protocol” as an option where desired. This lets users decide whether they want to have a transaction kept entirely invisible or recorded on a publicly visible blockchain.
  • Stealth addressing. This feature lets senders create an unlimited number of one-time addresses for recipients. These can only be accessed by the recipient, and cannot be linked to either the sender or the receiver. This lets senders easily offer more security and privacy for receivers.
  • Multi-algorithm mining. Verge is one of the first cryptocurrencies to offer multi-algorithm mining, supporting 5 hash algorithms on one blockchain. This means a greater variety of people and devices can profitably mine it.
  • Atomic swap inter-chain operability. When fully implemented and operational across multiple blockchains, users will be able to seamlessly convert and transact currencies across multiple other blockchains that offer Atomic Swap functionality. The bitcoin blockchain is expected to get this with the Lightning Network upgrade.
  • Rootstock smart contracts: In the future, Verge is planning to offer integrated smart contracts with the Rootstock project.
How Verge privacy works

Through a Tor or i2P wallet, users can quickly and easily send encrypted transactions and communications on the Verge network.

This essentially involves running encrypted transactions through a chain of Tor relays in a randomly selected way. On the way, the encrypted wrapper of each transaction is decoded just enough for a Tor relay to identify the previous link in the chain and the next one, then each relay will re-wrap the transaction before sending it on.

Should I buy Verge?

Verge’s main strengths might be its flexibility and first-ever features. For example, Verge is one of the first cryptocurrencies to use Wraith Protocol to let its users decide whether they want to have their transactions kept completely private or recorded on a transparent and public ledger.

Previous high-security cryptocurrency successes like Monero (which has reached highs of over CAD$440) have shown that there’s a clear demand for cryptocurrencies that offer extra-secure and completely private blockchain transactions.

However, Verge has also taken steps to enable quick and wide uptake, by being relatively user-friendly with its features, offering the choice of transparent and public-ledger transactions where needed. Its unique multi-algorithm mining is also likely to help with early adoption, getting a wider pool of potential users involved more quickly, while simultaneously offering a more secure and durable network.

Verge could potentially see very rapid uptake across an exceptionally wide user base, especially after the introduction of Rootstock smart contracts.

The value of XVG is also likely to benefit from atomic swap functionality when available, as users on other chains can quickly swap bitcoin (BTC) to XVG in order to take advantage of its high security transactions.

However, Verge might not be designed to hit the astronomical prices of other coins. Supply is capped at a high of 16.5 billion XVG, and it has a relatively fast half-minute block time. Furthermore, the lack of transparency can go both ways and the lack of information on existing owners could turn off some speculators.

But more importantly, Verge is still under development. It has yet to perfect its privacy measures, and there might be challenges involved in bringing in new features. Also, atomic swap stands to change the entire cryptocurrency topography. Any Verge price predictions made before its release will not necessarily hold true.

Verge is an extremely forward-looking cryptocurrency which might do very well in the future, but there are never any guarantees. The further ahead you plan, the more potential there is for things to go wrong in the meantime.

If you buy Verge (XVG), it might be worth keeping a close eye on its developments.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Image source: Verge

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