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Vertcoin is another peer-to-peer cryptocurrency that has emerged since the popularity of Bitcoin encouraged others to do the same. As with all other cryptocurrencies, it is decentralised and is owned by its users. The way in which it differs from Bitcoin though, is Vertcoins resistance to centralised mining. In other words, it does not want mining to be saturated in one area through the use of specialised mining equipment like Bitcoin is in China. It has the ability to be merge mined, that is, it can be mined alongside another cryptocurrency, which has the benefit of making them both stronger.
To buy Vertcoin you first have to buy Bitcoin, Ethereum or Litecoin. Using Bittrex as an exchange is the most popular way of doing this, so you’ll need a Bittrex account. After that, all you need is an address to send and accept payments.
If you need to know how to buy Vertcoin then all you have to do is follow these simple steps. The first thing you need to do is get yourself a wallet. These are freely available and come in a few different forms. Your wallet will provide you with an address to send and receive Vertcoins for goods and services.
Once you have your wallet you’ll need to purchase Vertcoin. Currently, the easiest way to do this is to purchase a ‘bigger’ cryptocurrency such as Bitcoin and then use the exchange site to trade them into Vertcoins. Another tip in how to purchase Vertcoins is they can be purchased from a friend or you could buy them directly with an exchange from your bank account.
Your Vertcoin wallet is the tool that allows you to purchase the coins and send and receive payments. Your wallet is your address that is required for any form of cryptocoin payment.
Security is the major contention with cryptocurrencies. Because they are not regulated by a bank or covered by the laws of any country, any loss or theft means that essentially that money is gone forever. Therefore, the most secure wallet you can find is the best one.
A hard wallet is a device that will store your coins and data offline. These will cost approximately £80 but they are perhaps the most secure option (as long as you don’t lose it). At the time of writing, the most popular Vertcoin wallet is a web wallet. This will securely store your coins and address online and is accessible from any online terminal. Vertcoinwallet.com is the wallet that the company themselves recommend.
The Vertcoin exchange rate is currently at the highest point it has been since it was introduced to the market in 2014. Although it was riding high at USD$8.29, this was followed by a slump two days later to USD$5.86 before recovering again. The unpredictability of cryptocurrency value means that the exchange rate is certain to change, often multiple times within 24 hours. Just a month ago the VTC currency was trading at just USD$3.90, so you see how quickly things can change.
The Vertcoin exchange rate is based on real time evidence and updates, so it makes a lot of sense to keep a sharp lookout on those markets to make sure you don’t miss out. A Vertcoin calculator is an excellent way to see how much your haul is worth.
The Vertcoin price prediction has experts in agreement. Thanks to recent positive press about online currencies, the industry as a whole received a significant boost. This leads analysts to believe that the only direction that prices will go is up. They recently slashed the block reward for mining from 50 to 25 Vertcoins. Curiously, this should work in its favour as it is seen as a major milestone in it becoming a major player in the cryptocurrency arena. This may impact the price negatively for a short period of time but it should then continue to increase the Vertcoin price predictions again.
Bittrex is the most popular currency exchange site to use when trading in Vertcoin. Knowing how to buy Vertcoin on Bittrex is quite simple once you know the basics. They are widely regarded as one of the most secure online exchanges as they are highly regulated and have over 50 years experience of security experience. They support trading in over 190 different currencies, including Vertcoin.
Once you have your address from your wallet you should decide which initial currency you are going to purchase. Investing in a currency such as Ethereum or Litecoin will make it easier for you to buy the currency. All you need to do then is to register an account with Bittrex and you are free to purchase and convert. Just make sure that once your transactions are complete that you put the coins in your wallet for security purposes.
To buy Vertcoin with a credit card or Paypal, you have to buy Bitcoins first as this is the only way of doing it. Once you have purchased your bitcoins you can then convert them into Vertcoins using Bittrex or another exchange. Once you have purchased your Bitcoin using your credit card, transfer them to your chosen exchange (like Bittrex). Once the Bitcoins have been sent to your exchange site, go to their trading page and trade your Bitcoins for as many Vertcoins as you like and save them to your wallet.
Using Paypal for buying Vertcoins is slightly different. There are only certain exchanges that allow you to convert your Paypal balance into Bitcoin. Try using VirWoX to do this. Once you have obtained your Bitcoin though, the rest of the procedure is exactly the same as using a credit card. There are several places to buy Vertcoin and we can help you find the top online exchange services.