Where to buy Vertcoin (VTC) in Canada

Coins for the people, mined by the people.

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Vertcoin was designed to be a truly decentralized currency. Its main goals are to be resistant to ASIC mining and to be profitable when mining with a GPU.

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.

GPU/CPU vs ASIC mining

  • GPU/CPU. These stand for graphics processing unit (your computer’s video card) and central processing unit. They are what you’ll find in a home computer.
  • ASIC. This stands for application-specific integrated circuit. It is purpose-built hardware designed to excel at a specific task, such as bitcoin mining.

When bitcoin was first created, it was minable by GPUs. Today, bitcoin mining is dominated by networks of ASIC mining computers set up in areas with exceptionally cheap electricity.

You can still mine bitcoin with a GPU, but it’s so outclassed that you’ll end up spending more on energy than you get back from earning bitcoin.

As ASIC mining took over bitcoin, many people felt that it was no longer a decentralized currency. ASIC-resistant cryptocurrencies like Vertcoin are meant to be more egalitarian, so anyone can profitably mine them on their home computer.

Where to buy Vertcoin

As listed on their official website, you can purchase Vertcoin from Canada on the following exchanges: Poloniex, Bittrex, Bleutrade and Yobit.

Name Product Deposit methods Fiat Currencies Supported 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.
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.
Poloniex Digital Asset Exchange
Cryptocurrency
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR, LOOM, BAT & 50 more
Trade various coins through a global crypto to crypto exchange based in the US.
YoBit Cryptocurrency Exchange
AdvCash
Cryptocurrency
Payeer
Perfect Money
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX & 360+ 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.
Bleutrade Cryptocurrency Exchange
Cryptocurrency
-
BTC, BTG, DASH, ZET, XVP, XPM, WDC, VTC, VRC, UNO, TROLL, START, SLR, SLG, RDD, & 32+ more
Trade an array of cryptocurrencies through this globally accessible exchange based in Brazil.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, GAME & 29+ more
Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Cryptocurrency
-
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.

Compare up to 4 providers

What kind of wallet do I need to hold Vertcoin?

You can find the official Vertcoin wallet here, although a range of other wallets, such as Electrum and Coinomi, can also support it, as can hardware wallets like the Ledger Nano S.

How does Vertcoin work and what makes it special?

Vertcoin is specifically designed to be decentralized, with mining kept in the hands of its users rather than mining conglomerates.

It does this with an ASIC-resistant design. It’s not the first coin to attempt this, but it might be one of the most successful.

Unlike other coins, Vertcoin has introduced an adaptive mining algorithm that can update to stay one step ahead of ASIC miners.

The same algorithm also gives an extra edge to GPU mining in order to actively incentivize users to mine with their home computers or with over-the-counter video cards.

Other than that, it’s a fairly standard cryptocurrency, much like Litecoin. It has the same 84 million coin supply limit and 2.5-minute block-creation time. You can probably expect quick and cheap blockchain transactions.

Should I buy VTC? What’s the future of its price?

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Updated: 23 Oct 2019 08:35:20 UTC

Vertcoin was created in 2014, making it a veteran by cryptocurrency standards. This has given it a lot of time to prove its functionality and the dedication of its team, although you might get more use out of it as a miner than as an investor.

However, it’s not entirely clear what kind of value GPU minability holds for a currency or whether true decentralization is even possible.

At the time of writing, 70% of all VTC is held by only 0.3% of wallet addresses and in order for you to mine it profitably, you will probably need to invest heavily in GPUs.

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.
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