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How To Buy Verge in Australia

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How To Buy Verge in Australia

So you have wanted to purchase Verge, but before that, could we talk about how you’d buy cryptocurrency in general? 

First and foremost, people purchase cryptocurrencies using exchanges, which require every crypto enthusiast to create an account. Log in to your newly created account, and deposit some funds in Australian dollars. Next, you can use your deposited funds to purchase cryptocurrencies at your will. 

How To Buy Verge in Australia

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Purchasing Verge in Australia has become straightforward, especially after Swyftx was launched. Initially, crypto enthusiasts had first to purchase ETH or BTC, after which they’d trade these with Verge. The worst is that users had to go through the entire reverse process if they needed to cash out. Good news, though, you don’t have to go through this hassle anymore. 

Getting Started with Swyftx

How To Buy Verge in Australia

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1. Setup Your Account

Swyftx is one of Australia’s best crypto exchange platforms and would most likely fit people who are just getting started with cryptocurrencies. It’s straightforward to use and safe, so purchasing coins would be one of the most straightforward processes you’ve ever had. 

Once you have created your account, the next thing you need to do is set up an MFA (also called two-factor authentication), which will guarantee the safety of your account. You can do this by finding the “Settings” tab, which should be on your profile page. 

2. Verify Your Account

You’ll need to verify your newly created account before you can do anything on Swyftx. And look, it doesn’t have to take long, so just make sure that you have verified your account. 

To verify your account, please head over to “Profile” >> “Verification.” You’ll need to verify your phone number and email address before you can start trading on the platform. 

Next, you’ll have to fill in your personal details, and you will also be required to upload specific documents. There is no cause for alarm, and these documents will be safe, so just go ahead and upload whatever Swyftx will need you to upload. 

3. Deposit AUD

It’s time to get some money into your account, and I recommend that you use our currency (the AUD). Please feel free to deposit BTC if you already have them, as this is also accepted. To deposit some funds into your account, go to the “Deposit AUD” then either choose “BPAY” or “PayID.” 

4. Buy Coins

How To Buy Verge in Australia

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We’re in our last stages of buying Verge with Swyftx, but don’t let your guard down just yet. To start buying coins, head over to “Trade.” 

On this page, you’ll find all the coin options from which you can choose. Choose any currency you’d want under the “Assets” section or simply search your most preferred. 

Once you’ve selected what you’d want to buy, key in the amount you’d like to spend in Australian dollars, and it’s that easy peasy. 

You have now purchased some cryptocurrency. Transfer your crypto to a hardware wallet if you intend to keep it for some time. However, just leave your crypto on Swyftx if you’ll trade regularly. 

Where To Buy Verge

How To Buy Verge in Australia

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I highly recommend buying Verge using Swyftx because it’s one of the most straightforward platforms locally. Besides, it’s safe, and you can never think of your funds being stolen by the prying eyes, such as hackers. 

What Is Verge?

How To Buy Verge in Australia

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Many people love cryptocurrency because you can keep your transactions anonymous and everything else be decentralised. However, most do not hold this promise and end up uncovering their users. 

And this is where Verge comes in handy. Instead of merely using cryptography to enhance some level of privacy, Verge entirely obscures the IP addresses to protect its users. In other words, Verge is a cryptocurrency that boasts increased anonymity and privacy.

How To Buy Verge in Australia

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Verge leverages the power of I2P and Tor and does not just rely on cryptography like other cryptos like the blockchain technologies. So instead of your identity and location being traced, Verge will keep you anonymous throughout your transactions. When writing this, Verge is the only cryptocurrency that offers such a high level of privacy to users. 

Furthermore, Verge has brought in the idea of multi-algorithm mining systems to allow users to take advantage of various hardware, and as a result, more people can now mine. Besides all those, below are other unique Verge features: 

  • Faster enhanced speeds 
  • Allows users to purchase different cryptos without involving any third party
  • It comes with a P2P messaging system to entirely encrypt communication 
  • It features Wraith Protocol that allows you to choose between private and public ledger

Pros/Cons of Verge

How To Buy Verge in Australia

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Now that we have looked at Verge broadly, let’s look at some of the most outstanding pros and cons, shall we? 

Pros

  • It uses Wraith Protocol, Tor, and I2P, making it one of the only cryptocurrencies assuring users of anonymity
  • Verge is currently outplaying other popular cryptocurrencies, such as Bitcoin—boasting of five to ten transactions every second
  • Trading fees are coming down recently, making it one of the best among many users
  • You can now access your wallets on your smartphone and other social platforms, like Twitter.

Cons

  • Verge doesn’t have a formal structure to speed up its development and get it on top of its major competitors 
  • The many revolutionary technologies it has introduced have merely been tested and proven, and that leaves many users with lots of doubt
  • Since Verge is still new in the industry, you can expect that it doesn’t have many collaborators compared to other competitors.

How Do I Store My Verge?

How To Buy Verge in Australia

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So how do you store your Verge after you’ve purchased them on Swyftx? 

1. Cloud-based Digital Wallets

You can find Cloud-based digital wallets on most crypto exchanges. They are pretty straightforward to use and are the best choice for people looking for short term storage. An excellent example of what you’d consider as a cloud-based digital wallet is the Binance wallet. And all you have to do is create an account with Binance, begin trading to activate your wallet. 

2. Software Wallets

How To Buy Verge in Australia

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Software wallets are almost the same, except that there are very slight differences. However, you’ll be required to download the wallet on either your smartphone device or your personal computer. The best software I’d recommend (one that was programmed by Verge) is the vergePAY, which is compatible with most of the Operating Systems you can think of, such as iOS, Windows, Android, macOS, and Linux. 

3. Hardware Wallets

How To Buy Verge in Australia

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If you’re looking for something secure and the long term, then hardware wallets could be what you are looking for. Hardware wallets are always disconnected from the internet, so there are lower chances of an attack. An excellent example of a good hardware wallet is the Ledger Wallet Nano S. 

Why Would I Invest?

How To Buy Verge in Australia

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Verge is gaining popularity since its price reached new heights. It is already in the top 30 cryptocurrencies in the world and would soon move to the top. If it continues to impress enthusiasts with its unique features, more people will opt for it. 

The best of all is that you now purchase Verge through Swyftx, which is one of the most straightforward platforms to use for cryptocurrency. Just head over to Swyftx and get started.

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