How To Buy the Verge (XVG) Cryptocurrency In the UK

verge xvg cryptocurrency in the UK

In December 2017, Verge made history when its value increased 800% in a few days. Sadly, those glory days seem to be over. The cryptocurrency couldn’t maintain the momentum. And, to make things worse, cybercriminals hacked it twice in 2018. The Verge price has not been able to recover. Nowadays, if you look at the charts, the XVG seems like just another altcoin. 

Nevertheless, if you study the Verge project closer, it does have exclusive, revolutionary, and exciting characteristics. 

Let’s explore it further, and then we’ll tell you how and where to buy XVG in the UK.

What differentiates Verge from Bitcoin?

difference between the verge & Bitcoin

In 2014, a cryptocurrency called DogeCoinDark hit the market. Focused on privacy, it uses the Tor and I2P networks to encrypt all traffic, data, and the user’s IP addresses. In 2016, they changed the name to Verge. 

It’s an open-source project run by the community. Another priority for that community is decentralization. Everyday use is the third one. The team doesn’t want this coin to be a static store of value. They want constant use in commerce and everyday life.

Nowadays, they separate themselves from other privacy coins like Monero or ZCash by making untraceable transactions optional. By way of their “Wraith Protocol,” users can switch their transactions between a private and a public blockchain. One of the many unique ideas that this cryptocurrency offers.

Other unique features that differentiate it from Bitcoin: 

  • An immense but fixed supply (16.5 billion XVG) that allows it to offer convenient payment amounts.
  • Faster transactions. Their blockchain uses Simple Payment Verification and transactions take around 30 seconds. A significant improvement over Bitcoin’s 10 minutes. It also manages 100 transactions per second, while Bitcoin manages 7. 
  • Multi-algorithm mining. Users with different mining gear can mine Verge. It supports these five algorithms: Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s.
  • Future integration with Rootstock smart contracts.

Characteristic similar to Bitcoin:

  • No Masternodes.
  • Strictly Proof-of-Work mechanism. 
  • Future Atomic Swap compatibility.

How to Buy Verge in the UK?

how to buy verge in the UK

This might be a problem. Cryptocurrencies approach mainstream recognition, but privacy coins are having a hard time adjusting to the new climate. As an example, this is what previous Verge provider Anycoindirect.eu recently announced: 

In preparation of our upcoming registration with De Nederlandsche Bank (the central bank of The Netherlands), Anycoin Direct will be implementing certain changes to its platform. The first change, the delisting of privacy-currencies, will be implemented directly.

The Verge team knows what’s happening around them. Currently, their own website’s copy doesn’t even mention privacy or untraceable transactions in the first few pages.

In any case, we couldn’t find one reputable exchange that sells this coin in GBP. There are several options to buy it using EUR and USD, though. Another way is to trade BTC, Litecoin, Ethereum, or other coins for it. More on that later.

Before we get into any of that, you need a wallet.

What XVG wallet should you use?

XVG wallets to use

There are no online wallets that support this coin, believe it or not. The exceptions are Binance’s and Bittrex’s internal wallets, but you shouldn’t keep your coins in an exchange.

Among the top hardware wallets, only Trezor supports it. 

This is a sneaky coin, as you can see.

Luckily, their team developed the vergePay Wallet. Currently, is the only one their website recommends. There’s a desktop version for Windows, macOS, and Linux. And a mobile version for Android and iOS.

The team also provides a paper wallet generator, for analog individuals and security freaks.

How to Buy XVG in the UK with FIAT Currencies?

how to buy xvg in the UK with FIAT currencies

Even if you were in the United States with pockets full of US Dollars, it wouldn’t be easy to get this digital currency. 

Their team lists a few exchanges where you can buy their coin directly using EUR, USD, and even AUD. For the European market, they recommend two: Bitladon and Elastum. They both take EUR and accept SEPA transfers, Visa, and Mastercard. 

The buying process is similar in both:

  1. Open an account.
  2. Verify your identity, bank account, credit card, and/or debit card.
  3. Choose the amount you want to spend in EUR and the system will tell you how much that is in XVG.
  4. Confirm the transaction and enter the Two-factor-authentication code.
  5. Once your coins appear in the exchange’s internal wallet; generate a wallet address in the private wallet of your choice and send it there. Never leave your coins in an exchange.

How to Buy XVG in the UK with Cryptocurrencies?

how to buy xvg in the UK with cryptocurrencies

Both Binance and Bittrex list this coin. You can’t buy it directly with a credit card, debit card, or wire transfer, though. There’s a workaround for this: You could get Bitcoin, Bitcoin Cash, or Litecoin, and trade it for XVG in any of those two exchanges. It may be inconvenient, but it would just take a few clicks.

For this example, let’s use the biggest exchange by market cap. We’ll assume you’re a Binance user and your identity, and bank account are already verified. 

  1. Log-in to your account.
  2. As an example, buy Ethereum at the current price.
  3. In the main menu, go to “Trade” and then “Convert.”
  4. In the “From” field select ETH. In the “To” field select XVG.
  5. Introduce the amount of ETH you want to trade and click “Preview Conversion.” The system will tell you how much XVG your ETH is worth.
  6. Confirm the transaction and enter the Two-factor-authentication code.
  7. Once your coins appear in the exchange’s internal wallet; generate a wallet address in the private wallet of your choice and send it there. Never leave your coins in an exchange.

Best places to buy Verge in the UK

This is a sneaky coin, as we already told you. But the project is interesting, full of ideas, with a vital community around it.

The two exchanges recommended for the European market would be our choice: Bitladon and Elastum.

If you’re already a Binance or Bittrex user, however, you might as well use those. The trading process is inconvenient, but not as much as creating and verifying an account in another exchange.But the project is interesting, full of ideas, with a vital community around it.