How to Buy Verge (XVG) | A Step-By-Step Guide

How to Buy Verge XVG

Created in October 2014 with a strong focus on anonymity and privacy, Verge (XVG) is currently listed on 22 cryptocurrency exchanges. Among these, are Binance and Bittrex. In this step-by-step guide, I’ll show you exactly how to buy Verge from these exchanges.

How to buy Verge (XVG) on Binance

Binance allows you to buy XVG with other cryptocurrencies for a 0.1% trading fee. Going from creating an account to withdrawing your XVG is relatively fast (10-20 minutes) and straightforward. Continue reading this guide to get started.  

It is worth noting that the Binance trading fee can be reduced up to 50% by having enough BNB – Binance’s own coin – in your account. For more info on this exchange platform, see our Binance Review.  

1) Create Your Binance Account

The first step is to sign up for a Binance account. Registration is simple, only requiring an email address and to create a password.

Binance Sign up Register

Once you've submitted the registration form, you'll need to verify your email address. This is simply done by clicking the link Binance has emailed you.

Binance Email Sent Sign Up Confirmation

2) Secure Your Binance Account

Upon logging into your account for the first time, you'll likely be prompted to enable 2-Factor Authentication (2FA). While this is not required, it's highly recommended.

Binance 2FA Prompt

2FA helps to secure your account by requiring an additional passcode when login attempts are made.??Binance offers 2FA through the Google Authenticator App and SMS text messaging. We recommend using Google Authenticator, as SMS 2FA has known security vulnerabilities.

Once you select Google Authenticator, Binance will show you step-by-step how to set it up.

Binance Google Authenticator Set Up

You can also set up 2FA at any time from your "Account" page.

Binance Account Page

From your "Account" page, you'll also be able to submit verification documents, should you need higher withdrawal limits than the default 2 BTC equivalent per 24 hours.

3) Deposit Bitcoin or Ethereum to Binance

Locate the "Deposits" page, under "Funds" in the main menu. Here you can search for the cryptocurrency you want to deposit. We recommend Ethereum over Bitcoin, as it's faster and has lower network fees (fees from their respective networks, not Binance).

In this example, we'll be depositing 1 ETH.

Binance Deposit Ethereum Step 1

Once you've selected the cryptocurrency you want to deposit (in our case Ethereum), Binance will give you an address where you can send your deposit.

Binance Deposit Ethereum Step 2

After you've sent funds to the given address from your cryptocurrency wallet, your deposit will soon show up as pending while it completes the required number of block confirmations. For our ETH deposit, it took about 5 minutes for our deposit to be completed. Other cryptocurrencies like Bitcoin, that have longer block confirmation times, will take longer to deposit.

Binance Pending ETH Deposit New

4) Buy Verge (XVG) on Binance with Bitcoin or Ethereum

Now that you are well equipped with Bitcoin or Ethereum, you are ready to buy XVG. Locate the exchange section (1) on the top menu, upper-left side. As you hover over, you will notice “Basic” and “Advanced” view options. In this guide I’ll be covering the “Basic” view, so the images below refer to that.   

On the right-hand side (2), enter XVG into the search bar and then choose the trading pair you’d like to use: XVG/BTC if you wish to buy with Bitcoin or XVG/ETH if you want to use Ethereum.

Once on the exchange page of your chosen trading pair, you will see an order form called “Buy XVG”. That is where you will place your order (3). You can choose either a limit order or a market order.  

Binance Buy Verge XVG

 

A limit order allows you to input the amount of XVG you wish to purchase as well as the maximum amount you are willing to pay for them (the “limit”). It is important to remember that limit orders do not guarantee order execution, as there may not be sellers willing to sell at the price you propose.

A market order will simply execute your buy order at the current market price.  

In both “Buy” and “Sell” order forms, you can also use percentages to set how much of your funds you wish to spend.  For example: the 100% button will use all your ETH or BTC; 50% will use 50% etc. If you opt for using percentages, the number of XVG you can buy will be automatically input into the “Amount” box.

Once you successfully purchased your XVG, you can proceed to withdrawal in the following ways:

  • Hover over “Funds” on the right-hand side of the top menu bar and click on “Withdrawal”;
  • Hover over the profile icon on the top menu bar and click “Estimated Value”. Once on the “Deposits and Withdrawals” page, search for XVG and then click on “Withdrawal”.  

Either way, you will be taken to the withdrawal page where you can insert your “XVG Withdrawal Address” and the amount you wish to withdraw. To complete the process, click on “Submit”.

Binance Verge XVG Balance

Buy Verge on Binance

 

How to buy Verge on Bittrex

Bittrex is another popular cryptocurrency exchange. Unlike Binance, it requires more information in order to create your account. Name, date of birth and address are required for basic verification; government-issued photo ID and a selfie of you with the same ID are required for enhanced verification.  

To learn more about this exchange, see our full Bittrex Review.

1) Sign Up to Bittrex

To begin creating your Bittrex account, you???ll need to enter your email and choose a password.

Bittrex Sign Up

2) Verify and Secure Your Bittrex Account

Since Bittrex requires you to verify your account to make withdrawals, we recommend starting this process immediately. To do this, locate the verification tabs under your account's settings.

"Basic Verification" requires your name, date of birth, and address. The information you submit will be automatically checked against public records. Once "Basic Verification" is completed, you'll be able to withdraw up to the equivalent of 0.4 BTC per day.

Bittrex Basic Verification

If Bittrex is unable to verify your "Basic Verification" information or you need greater withdrawal limits, you can go through their "Enhanced Verification" process. This will require a photo or scan of a government issued ID, as well as a "selfie" of you. Once "Enhanced Verification" is complete, you'll be able to withdrawal up to the equivalent of 100 BTC per day.

Bittrex Enhanced Verification

In addition to verifying your account, you should also take time to enable 2-Factor Authentication (2FA). Bittrex encourages all users to do this and we second this recommendation.??

Bittrex offers 2FA via Google Authenticator.

Bittrex 2FA

3) Deposit Bitcoin or Ethereum to Bittrex

To make a deposit onto Bittrex, locate the "Wallets" page in the menu of your account. You can use the search bar to find the cryptocurrency you want to deposit.

Once you???ve found the cryptocurrency you want to deposit, click the ???+??? symbol next to it. After clicking ???+??? a deposit address will be shown where you can send your crypto.

Bittrex Deposit

Once you've sent funds to your bittrex account, you can view them under your pending deposits. Each cryptocurrency requires a specific number of block confirmations before being credited to your account. Due to its faster block times, Ethereum allows for far quicker deposits than Bitcoin.

4) Buy Verge (XVG) on Bittrex with Bitcoin or Ethereum

To get started purchasing XVG, search for the coin in the Bitcoin or Ethereum market. The image used for the example below shows my trading pair of choice: BTC-XVG.  

In the “Trading” section, input the amount of XVG (“Units”) you wish to buy and the price in Bitcoin you are willing to pay (“Bid”). For your reference, the “BIDS” and “ASKS” prices in the order book table show respectively what prices buyers are offering and sellers are asking.   

Once your buy order is executed, click on “Wallets” on the top menu bar to see your account balance. To withdraw your XVG click on the symbol “-”.  

Now input wallet address and the quantity you want to withdraw, then click on the “Withdrawal” button.

Buy Verge on Bittrex

Summary

As shown in the above guide, XVG is currently listed on several exchanges and is quite straightforward to purchase. You will still have to first acquire Bitcoin or Ethereum in order to buy XVG, which adds an additional step for those who don’t yet own any BTC or ETH. 

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