Get the Finder app 🥳

Track your credit score


Where to buy Vertcoin (VTC) in Australia

Coins for the people, mined by the people.


Fact checked

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

Vertcoin was designed to be a truly decentralised 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. But 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 bitcoin.

As ASIC mining took over bitcoin, many people felt that it was no longer a decentralised 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

Name Product Deposit methods Fiat Currencies Cryptocurrencies


CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 150 cryptos.
Credit card,Cryptocurrency


CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
AdvCash,Cryptocurrency,Payeer,Perfect Money,Capitalist


Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Indacoin Cryptocurrency Exchange
Credit card,Debit card


Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
Bittrex Digital Currency Exchange
Cryptocurrency,Wire transfer


Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
ShapeShift Cryptocurrency Exchange


Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.

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 decentralised, 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 incentivise 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.

Considerations before buying Vertcoin

Updated: 27 Oct 2020 13:17:34 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 decentralisation 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.

More guides on Finder

Latest crypto guides

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site