How to buy Verge (XVG) in Australia | finder.com.au

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 two types of advantages:

  • Security. The number one focus is complete anonymity and privacy in transactions where desired.
  • Functionality. The number two 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.
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Quick guide: How to buy XVG

  1. Register for an account with a cryptocurrency exchange like CoinSpot.
  2. Enable 2-factor authentication.
  3. Verify your account.
  4. Click “Deposit AUD”.
  5. Transfer funds into your account.
  6. Click “Buy/Sell” at the top of the screen.
  7. Search for the cryptocurrency you want and click “Buy”.
  8. Enter the amount you want to buy, or the amount of AUD you want to spend.
  9. Review the transaction details.
  10. Click “Buy”.
Go to CoinSpot's site

This is our quick guide to just one way to buy XVG. Compare some other options in the table below.

Where can I buy Verge in Australia?

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD

257
cryptocurrencies

Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

276
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 250 cryptos.
Binance Cryptocurrency Exchange Australia
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

261
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

250
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

132
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
Buy 130+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
Easy Crypto Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi
AUD

53
cryptocurrencies

Easy Crypto is a simple way to buy and sell a range of cryptocurrencies, straight to and from your own crypto wallet.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

273
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Bitfinex Professional Trading Exchange
Credit card, Cryptocurrency, Bank Wire
USD, EUR, GBP, JPY

164
cryptocurrencies

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.
CoinSwitch Cryptocurrency Exchange
Credit card
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
HitBTC Multi-currency Exchange
HitBTC Multi-currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA
USD, EUR

212
cryptocurrencies

Buy crypto with fiat (USD/EUR) and trade over 150 other digital assets on this Europe-based exchange platform.
Indacoin Cryptocurrency Exchange
Credit card
USD, EUR, RUB

158
cryptocurrencies

Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
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Compare up to 4 providers

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:

  • 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 only 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, Virge 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 AU$450) have shown that there’s a clear demand for currencies 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.

Check out our Best Verge wallets guide for storing XVG

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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