Vertcoin (VTC) is a cryptocurrency that champions decentralisation and fairness in mining. Launched in 2014 as a fork of Litecoin, Vertcoin focuses on keeping mining accessible to everyone, not just those with expensive, specialised hardware like ASICs. Its innovative Verthash algorithm ensures mining remains ASIC-resistant, allowing anyone with a regular computer to participate in the network.
The coin also offers a 1-click miner tool, simplifying the process for beginners. With features like Segregated Witness (SegWit) and Stealth Address transactions for enhanced privacy, this token truly lives up to its nickname, “The People’s Coin.”
So are you interested in buying Vertcoin and joining a community that values fairness and inclusivity? Keep reading to learn the simple steps to get started!
How to Buy Vertcoin in 4 Easy Steps
You can buy Vertcoin by following just four simple steps. This guide will help you purchase Vertcoin quickly and start your crypto journey with confidence. Let’s get started!
Step 1: Choose a Crypto Exchange Platform
To begin buying Vertcoin (VTC), you first need to choose a cryptocurrency exchange that lists it. It’s important to select a secure and trustworthy exchange to protect your investment. Some reputable exchanges where you can find Vertcoin include CoinEX, HitBTC, YoBit, TradeOgre, and SafeTrade.
Each platform offers unique features and benefits, so consider what suits your trading needs best. Check whether the exchange supports your region and offers the payment methods you prefer. Remember, making the right choice at this stage is vital for a smooth and secure trading experience with this token.
Step 2: Register on any of the Platform
After selecting an exchange that offers VTC, the next step is to create an account on the platform. Begin by providing your personal information, such as your name, email address, phone number, and permanent address.
To ensure a secure environment, the exchange will require you to verify your identity through the Know Your Customer (KYC) process. For that, you will have to upload a valid ID proof that varies depending upon the nation in which you are residing.
Having these documents ready will help you complete the registration and verification quickly, allowing you to start trading VTC without any delays.
Step 3: Buy the Cryptocurrency Using Your Feasible Payment Method
With your exchange account set up and verified, you’re ready to buy VTC. You can start by depositing funds into your account using a payment method that works best for you. You can choose from options like digital wallet transfers, credit or debit cards, bank transfers, peer-to-peer (P2P) transactions, or third-party payment services.
Since Vertcoin isn’t directly purchasable with fiat currency, you’ll first need to acquire an altcoin like Tether (USDT) or Bitcoin (BTC). You need to first purchase one of these using your local currency, such as US Dollars or Euros. Once you have USDT or BTC in your account, navigate to the spot trading section of the exchange and trade them for VTC tokens. This method ensures you can buy Vertcoin smoothly and efficiently using your preferred payment option.
Step 4: Store the Cryptocurrency in a Wallet
After purchasing VTC tokens, the next step is to secure them in a reliable wallet. Storing your coins on an exchange can be risky, so transferring them to a dedicated wallet is important. Begin by navigating to the withdrawal section of your exchange account where you have purchased this token.
Enter your wallet’s public address, ensuring you choose a wallet that supports Vertcoin, such as Electrum Wallet, Vertcoin-Core Wallet, Guarda Wallet, or Coinomi Wallet. Specify the amount of tokens you want to transfer and confirm the transaction to complete the process. Moving your Vertcoin to a secure wallet protects your assets from potential vulnerabilities on the exchange.
Also read: How to Stake Wanchain (WAN)
Popular video guides on buying Vertcoin (VTC)
Where to buy Vertcoin (VTC)
CoinEx is a globally recognised crypto exchange, offering a broad spectrum of trading services including spot, futures, and margin trading, as well as AMM and crypto finance. It has a user base spanning over 4 million across 200+ countries. The platform is lauded for its security, with a zero-accident track record and a unique "Merkle Tree" audit method, which provides transparent Proof of Reserves. CoinEx’s commitment to security and user satisfaction makes it a reliable gateway for both new and experienced crypto traders.
Factsheet
|
Operational Since: |
2017 |
|
Deposit Methods: |
Wallet transfer, Debit and Credit card, Bank transfer, Third party mode |
|
Deposit Fees: |
Free for cryptocurrencies |
|
Cryptos Listed: |
736 |
|
Trading Fees: |
Depends upon the VIP level from (0.1% to 0.2%) |
|
Fiat Currencies Supported: |
60+ |
|
Trustworthiness: |
Safe and Reliable |
HitBTC is a long-standing cryptocurrency exchange known for its advanced trading features and extensive selection of over 800 trading pairs. Established in 2013, it offers robust APIs, including REST, WebSocket, and FIX API, catering to the needs of sophisticated traders. The platform prioritises user security through stringent measures like cold storage, encryption, and two-factor authentication. Additionally, HitBTC's Trading Fee Tier system provides competitive fees, rewarding high-volume traders.
Factsheet
|
Operational Since: |
2013 |
|
Deposit Methods: |
Credit card, wallet transfer |
|
Deposit Fees: |
None |
|
Cryptos Listed: |
800+ trading pairs |
|
Trading Fees: |
0.1% Maker Fee and 0.25% Taker Fee |
|
Fiat Currencies Supported: |
N/A |
|
Trustworthiness: |
Safe and Reliable |
YoBit is a cryptocurrency exchange that allows users to trade a wide range of digital assets with minimal barriers to entry. Notably, the platform does not require formal KYC, offering users a rare level of anonymity in the industry. The exchange supports trading with various fiat currencies, including USD and RUB, alongside cryptocurrency pairs with USDT and BTC. Despite the anonymity of its founders, YoBit has carved out a niche in the crypto market by offering a user-friendly platform that caters to novice and experienced traders seeking flexibility in their trading options.
Factsheet
|
Operational Since: |
2014 |
|
Deposit Methods: |
Coins, OKPay, Perfect Money, Payeer and Adv Cash |
|
Deposit Fees: |
Coins – Free, QIWI – 5%, RUR OKPay – Free, Perfect Money – Free, Payeer – Free, AdvCash – Free, Capitalist – Free |
|
Cryptos Listed: |
353 |
|
Trading Fees: |
0.20% |
|
Fiat Currencies Supported: |
USD and RUR |
|
Trustworthiness: |
Safe and Reliable |
Frequently Asked Questions
Where Can You Buy Vertcoin With A Credit Or Debit Card?
You cannot buy Vertcoin directly with a credit or debit card. However, you can first purchase popular cryptocurrencies like Bitcoin (BTC) or Tether (USDT) using your card on platforms like CoinEX or HitBTC. Once you have these cryptocurrencies, you can exchange them for Vertcoin on exchanges that support VTC trading pairs. This way, you can indirectly buy Vertcoin using your credit or debit card.
What Will You Need To Buy Vertcoin?
To buy Vertcoin, you’ll need a few things:
- Verified crypto exchange account: You’ll need to create and verify your account on a crypto exchange. This usually requires providing ID proof to confirm your identity.
- Debit/Credit card: You can use your card to buy popular cryptocurrencies like Bitcoin (BTC) or Tether (USDT) first.
- Crypto wallet: After purchasing VTC tokens, you’ll need a secure wallet to store them.
Vertcoin cannot be bought directly with fiat money, so you must exchange other altcoins for it.
What Is The Easiest Way To Buy Vertcoin?
The easiest way to buy Vertcoin is to follow these steps:
- Buy Bitcoin (BTC) or Tether (USDT): Use your Visa or Mastercard to purchase BTC or USDT on popular platforms like Binance, Coinbase, or Kraken.
- Exchange for Vertcoin: Transfer your BTC or USDT to an exchange that lists Vertcoin (VTC) trading pairs. Then, trade your BTC or USDT for Vertcoin.
This method simplifies the process, as Vertcoin itself cannot be bought directly with fiat currency.
Best Wallets To Store Your Vertcoin (VTC)
When it comes to securely storing your Vertcoin (VTC), choosing the right wallet is crucial. Here are some of the best wallets to consider:
- Electrum Wallet: A reliable and user-friendly wallet for storing Vertcoin with good security features.
- Vertcoin-Core Wallet: The official Vertcoin wallet, offering full control and high security for your VTC.
- Guarda Wallet: A versatile wallet supporting multiple cryptocurrencies, including Vertcoin.
- Coinomi Wallet: A multi-currency wallet known for its ease of use and strong security features.
These wallets provide secure options for storing Vertcoin, with some offering additional features like offline security.
