Verge is a cryptocurrency with privacy in mind. If bitcoin and other popular cryptocurrencies have transactions that are transparent and available publicly, Verge focuses on privacy and keeping it anonymous.
This article had a slight modification on October 2, 2018.
Table of Contents.
- 1 Verge
- 2 Value Activity
- 3 How to buy Verge in the Philippines
- 4 Update: Buy on Abra
- 5 How to buy Verge on Binance
- 6 Buy Verge Using Credit Card
- 7 Step by Step Guide to Buy XVG from the Philippines Using Bittrex
- 8 Recommended Verge/XVG Wallets
- 9 Can I send my XVG back to Coins.ph or Bitbit?
- 10 Overall
Initially introduced as DogeCoinDark in 2014, they rebranded it to Verge in February 2016 to move away from doge memes and the bad connotation of the word “dark”.
Verge cryptocurrency is all about making its users and transactions private. It uses Tor and I2P to mask its user’s movement.
What is Tor?
TOR stands for The Onion Router. It gives a multi-layer of encryption by using its Tor peer-to-peer network.
Think of having a ball and pass it around 20 people. These 20 people, including you are in a Tor peer-to-peer network. You and the others pass the ball around every 10 minutes and then somebody shoots it to relay the “message”. Using the peer-to-peer network, the message bounces around and becomes anonymous and untraceable.
What is I2P?
I2P or Invisible Internet Project divides transactions into two routes – incoming and outgoing. Your outgoing message is on a different path from an incoming message in response to yours. A person tapping in can only see either the incoming side or the outgoing side.
I2P is like listening to a person on a phone call. You can hear what he is saying but couldn’t hear who or what’s on the other line.
In December 2017 crypto season, XVG entered December 2 with $0.0061 a piece. It climbed to its highest on Christmas 2017 at $0.23 and is currently dancing around $0.018864 at the time of this update (September 2018).
How to buy Verge in the Philippines
Since XVG is an altcoin, the only way you can get it here in the Philippines is by trading your fiat to bitcoin using apps like Coins.ph, Bitbit.cash, or Abra. You will then have to transfer it to a cryptocurrency exchange site such as Bittrex or Binance and trade it to XVG.
Update: Buy on Abra
Abra supports depositing fiat via local banks and through credit cards. You can exchange bitcoins for ADA within the Abra App. Should in case you want to cash out, you can do via partner merchants like Tambunting.
- Download Abra here! (It will ask for your mobile number, start with the PH area code 63.)
- Buy cryptocurrency on Abra through credit card!
How to buy Verge on Binance
Binance is one of the world’s largest cryptocurrency exchange in terms of volume. Go to Binance if you want to purchase Verge.
- Register for Binance here.
- Send your bitcoins from Coins.ph (or from any other wallet) to your bitcoin wallet address on Binance.
- Search for Verge on Binance’s homepage.
- Trade your bitcoins for Binance.
- Click here for the steps in purchasing altcoins on Binance.
What if the exchange does not accept new users?
With the surge of new cryptocurrency users and enthusiasts, some virtual currency exchange sites are not accepting new registrations. If this is the case, feel free to choose another secure and convenient crypto exchange site. The interface may be different but the process is almost the same.
Buy Verge Using Credit Card
The Changelly platform allows users to purchase Verge using credit card or debit card. You can also use your bitcoins to trade for Verge on Changelly.
Step by Step Guide to Buy XVG from the Philippines Using Bittrex
- Send bitcoins from Coins.ph to your BTC wallet in Bittrex.
- Go to Bittrex’s XVG page.
- Buy XVG using instructions in this article.
- Once you are done, transfer your coins from Bittrex to your XVG wallet.
Recommended Verge/XVG Wallets
- Click HERE to choose and download from these Official XVG Wallets.
Can I send my XVG back to Coins.ph or Bitbit?
No. Bitbit.cash only support bitcoin and Coins.ph supports bitcoin, ether, and bitcoin cash.
You might wonder what’s the need of getting and using a privacy crypto like XVG, aside from using it in the Deep Web but it has its use in the business sector. A good example is on a Grocery store that accepts cryptos. Your competitors can check your history of payments and thus may give you a headache in terms of price competition and so on.
Using XVG not only hides your transactions but your wallet as well.