Do you agree that Vertcoin can be an alternative to investing in popular and incredibly expensive Bitcoin? This decentralized open-source cryptocurrency is one of the pioneers launched back in 2014. Unlike the trusted leader of the crypto world, this coin uses an ASIC-resistant proof-of-work mechanism offering almost every person an opportunity to mine and earn on it. If you agree that this coin has a promising future and want to buy it, you should know reliable and safe online platforms where it is offered for sale in the UK. Do you know the best place to buy Vertcoin?
Look: there are several popular websites to buy VTC with GBP, EUR, other fiat, and cryptocurrency, so learn the procedure on the most popular of them.
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How to buy Vertcoin (VTC)
It is quite easy to purchase any popular coin and VTC is not an exception. You can find it on many trusted exchanges and trading platforms due to its wide acceptance and demand for it. However, the process may differ from one exchange to another one, so let’s analyze the buying process on the most popular platforms.
The majority of exchanges allow buying cryptocurrency only if you join the platform and Bittrex is among them too. This trading platform has one pair with Vertcoin, so you should have or buy BTC to buy it. If you want to get VTC on this exchange, complete the following steps:
- Create an account on Bittrex exchange.
- Log in to the account and head to Wallets located on the upper menu.
- Click the + (plus) button located on the left of the BTC wallet to fund it.
- Send BTC to the Bittrex wallet if you don’t have any at the moment.
- When coins arrive to the wallet, access the Markets button in the upper left part of the screen and enter VTC in the search bar.
- You will be redirected to the VTC market page to place an order.
- Make use of the Buy Vertcoin panel and adjust the amount to spend, price, etc.
- Click the Buy Vertcoin button and complete the transaction to place the order.
- You can check the status of your order under the Orders button.
- When you get your order fulfilled, your VTC will arrive to the wallet immediately.
Bitvavo offers a fast and simple way to buy Vertcoin using popular banking options including credit card, SEPA transfers, and 6 other payment methods. Naturally, the procedure requires a number of stages:
- Register an account and enter it using both desktop and mobile devices.
- Transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
- Buy Vertcoin with a maximum trading fee of 0.25%.
- Store coins on Bitvavo wallet or send them to the external wallet.
Over 50 different cryptocurrencies at a competitive price are offered on eToro. The platform offers crypto enthusiasts to buy Vertcoin in just a few minutes. However, you can do that with a debit card or cryptocurrency only if you have an eToro account. You should complete the following steps:
- Register an eToro account providing the name, email address, and phone number.
- Choose a preferred payment method to activate the account with the minimum deposit.
- Click the Trade markets button and choose Vertcoin from the list.
- Set your risk limit and click ‘Get Started’.
- Complete the process following the hints.
Things to consider before buying Vertcoin
Like with many other types of cryptocurrency buying Vertcoin is connected with risks. Digital currencies are not subjected to control and monitoring, they are highly volatile, so people should consider the following things prior to making a purchase:
- Make a market analysis and learn more about the currency to understand its potential and possible risks;
- Compare fees, especially hidden oned on several exchanges not to overpay;
- Decide on the payment method since paying with pounds or cryptocurrency is more likely than buying Vertcoin with PayPal;
- Prepare safe and secure storage for purchased tokens;
- Avoid obtaining cryptocurrency at the point of its Take-off not to lose on savings;
Invest only as much as you are not afraid to lose.
Where to store VTC
Fortunately, there are several ways to store VTC and some of them are characterized by higher security standards. The first storage is an official web wallet created by the development team of this decentralized cryptocurrency.
There is software for computers powered by Windows, Linux, and Mac and everyone can download it directly from the VTC website.
Naturally, there are wallets that support a bigger number of coins and VTC in particular too. Crypto holders can use the Coinomi web wallet that runs not only on computers but also on mobile devices powered by iOS and Android. Another option is Electrum that supports this coin as well.
However, the most reliable but still also the most expensive storage is a hardware wallet. The most popular models of Trezor and Ledger support VTC storage too.
Privacy and security tips
When you decide to buy VTC, remember about privacy and security tips not to lose your coins:
- Secure the account with 2FA.
- Avoid keeping money on the exchange.
- Try to obtain a hardware wallet for your savings.
- Never share private keys with anyone.
- Make a wallet back-up.
- Update your wallet software regularly.
- Make use of multi-signature to prevent thefts.
Vertcoin is considered to be one of the pioneers in the crypto industry but the absence of significant growth for these years does not encourage many exchanges to trade it. Therefore, the number of destinations to buy VTC is not big, though you can still purchase coins both with crypto and fiat money. This article has informed you about exchanges and trading platforms where everyone can get VTC quite fast and without much effort.