How to Buy Verge in the USA

A Beginner’s Guide to Buying and Selling Verge Cryptocurrency in the USA

Last Updated July 23rd 2021
5 Min Read

If you’re based in the USA and wish to buy Verge – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many Verge tokens you want to buy.

Many cryptocurrencies exist in the market today, and as the crypto space gained significant growth globally since the year started, many crypto users have been looking for a way to diversify their crypto holdings by investing in other cryptocurrencies other than the popular ones such as Bitcoin and Ethereum. 

Verge coins are an altcoin whose value increase comes at a time when crypto investments have greatly developed. Verge tokens or coins are readily available for those who would like to invest in the USA. 

However, if you plan to take the bold step and invest in the crypto market, you need to note that unlike investing in stocks, crypto holdings are very risky because of market volatility. Therefore, you have to ensure that you hold the right amount of tokens to diversify your holdings and minimize risk. 

What's in This Guide?

  1. QUICK GUIDE: HOW TO BUY VERGE IN THE USA
  2. A Step-by-step Guide to Buying Verge in the USA
  3. Store Your Verge in a Wallet
  4. How to Sell Verge
  5. Things To Consider When Buying Verge in the USA
  6. Conclusion

QUICK GUIDE: HOW TO BUY VERGE IN THE USA

  1. Open an account with a cryptocurrency exchange.
  2. Verify your account.
  3. Go to the deposit section
  4. Go to the platform and select Verge
  5. Enter how many Verge coins you want to buy.
  6. Check the details and confirm your purchase.

A Step-by-step Guide to Buying Verge in the USA

If you want to purchase Verge in the USA, follow these simple steps: 

Step 1: Open an exchange account

The first step you need to follow is to open an exchange account. The best thing about being a crypto trader in the USA is that many crypto exchanges allow the US dollar. However, you also need to ensure that the exchange supports Verge tokens. 

The other thing you need to do is look at some features of that exchange, such as how much are the transaction fees. You should also check if the exchange is supporting multiple cryptocurrencies on the platform. 

When opening the exchange account, the only details you will need are your names, telephone number, and email address. Depending on the exchange you have chosen, you will also be required to verify your details by uploading documents such as your driver’s license, social security number, and more. 

Ensure you set a multi-factor authentication process on the exchange to ensure that you keep your account safe from hacking attacks. 

Step 2: Fund the account 

The second step is to fund the exchange account using either fiat currency or other cryptocurrencies. For the fiat currency option, all you need to link your credit card or debit card with the exchange and then enter the amount you would like to spend on the transaction will be deposited into the exchange. This is the easiest and fastest way of funding your account. 

The other option you can use to fund your account is exchanging other cryptocurrencies for Verge. You can buy other tokens such as Bitcoin and Ethereum and exchange these for Verge at the stipulated exchange rate. However, this option is not available on all exchanges. 

Step 3: Buy Verge 

The third step is to buy Verge tokens. After funding your account, you can now use fiat currency or other cryptocurrencies to buy Verge tokens. The purchase process is very easy and straightforward. Enter the amount you would like to spend, confirm your transaction, and in a few seconds, you will receive a notification in your email stating that the transaction has been processed.

Sometimes, the market price of Verge may be too high to buy. In such a case, you can set a limit order, which will automatically be fulfilled after the prices of the token fall to a specific price. 

On the other hand, you can use a market order if you are comfortable with the current market prices of Verge tokens. A market order will be fulfilled instantly at the ongoing market prices. 

Store your Verge Coins in a Crypto Wallet 

After you have bought Verge tokens, you need to store them in a crypto wallet. There are two main types of crypto wallets. A hot wallet is used for small crypto holdings or when a holder wants to trade regularly. Hot wallets are found online and mainly on exchange apps. 

The other type of crypto wallets is cold wallets. Cold wallets are offline wallets that will not store your crypto holdings online. Rather, these wallets will keep your crypto holdings secure from any hacking attempts. Most people who use cold wallets are those holding massive amounts of Verge tokens or those who do want to sell their holdings at any time. 

When choosing a crypto wallet, you need to ensure that it can support Verge tokens, because this forms the very basis of your investing. 

How to Sell Verge 

If you want to sell Verge, you can follow the same process as buying the tokens. Login to the exchange, go to the sell side of the account and enter the number of tokens you would like to sell. You will receive a confirmation of the transaction after that. 

You can either sell the tokens for USD or other cryptocurrencies. Most exchanges offer the two options, so you go for the one you are most comfortable using, 

Things to Consider When Buying Verge in the USA 

If you are unsure of whether or not to buy Verge tokens, consider the following: 

Volatility 

The first thing you need to check is the volatility of the tokens. Cryptocurrencies are highly volatile, given that their prices keep changing daily. It would be best if you had a high-risk appetite to survive the price fluctuations in this market. 

Market performance 

The other thing you need to consider is the price performance of Verge tokens. Look at how the graph for the rise and fall of the cryptocurrencies prices has gone, and this will help you understand the token better. However, as mentioned earlier, cryptocurrencies can be highly unpredictable, and the price dip can be unexpected. 

Usability 

The other thing you also need to check is how the token can be used for various purposes. The best cryptocurrency is the one that can be used for other purposes aside from trading. Cryptocurrencies can be used in developing DeFi projects. 

Conclusion 

Verge is among the most popular cryptocurrencies. It is an ideal altcoin if you want to diversify your crypto holdings. To buy Verge, go to your exchange account and make your purchase. Afterwards, you can store your tokens in a crypto wallet or sell them to earn quick returns. 

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Virtual currencies are highly volatile. Your capital is at risk.

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