Crypto Wallets for Verge and Brief Explanation of XVG Cryptocurrency
Verge crypto is a currency that has been around for quite some time (at least for a cryptocurrency). It was created back in 2014, but it was mostly viewed as an underdog or just another crypto among the sea of similar ones. In fact, sometimes it seemed like Verge would fade out just like most others. So, what makes it so different from them?
First and foremost, Verge is a privacy coin. You see, while all cryptocurrency protects privacy in some way or another (it’s in the name, after all), privacy coins focus on anonymity as their main feature. Verge wallet is among them and boasts some of the best confidential-focused features. With that in mind, we decided to compile a list of top 5 Best Verge crypto wallets.
Briefly on Verge (XVG) Cryptocurrency
As it was mentioned, Verge was launched in 2014, as a cryptocurrency fork from PeerCoin. Initially, it was called DogecoinDark, and underwent a rebranding only in 2017. It is a community-driven coin with a focus on the user’s privacy. And, going by the reviews of Verge, it does a good job of protecting it.
Said protection comes from the incorporation of Tor and I2P protocols in the blockchain itself. While it is possible to do so through Bitcoin, Verge decided to further protect their users by implementing a new security protocol, called Wrath. It allows crypto owners to choose between the private and public ledger while remaining anonymous. It also hides their IP in the blockchain, further helping with the anonymity.
Given how long Verge holds up, you can say that they are doing something right on that front. And in case you decide to invest in this currency, let’s take a look at our top 5 picks of Verge (XVG) wallets in 2020.
Top 5 Verge (XVG) Wallets to use in 2020
Coinomi is a good choice for almost every crypto wallet, especially for novices, as not only it allows to store a wide variety of different cryptos (125, to be exact), it also has a trustworthy reputation. And a good reputation in the crypto world is worth more than gold. It is also available on Windows, Mac, Linux, Android, and iOS, so you don’t need to worry whether you could use it through your device.
Add to that an ironclad security, crypto exchange support (from Changelly too!) and you’ve found yourself a good XVG wallet that will protect your crypto gains.
#2. Verge Electrum Wallet
Initially supposed to store only Bitcoin, Electrum Wallet was adapted to work with Verge as well. It allows for very quick transactions as it uses SPV (Simple Payment Verification). As it is a desktop-only wallet, it only works on Windows, Mac, and Linux systems. In terms of security, the Verge Electrum wallet does not disappoint either, as it has two levels of encryption and a seed phrase backup as an additional feature.
#3. Verge Core (Tor) Wallet
This Verge wallet was developed by the team behind the crypto itself and is available on Android and iOS devices. While it doesn’t support multi-currency (for obvious reasons), it allows you to store your Verge coins securely and without a fuss. It supports being launched withing a Tor circuitry and supports some elements from I2P network as well.
However, the mobile app for this Verge Tor wallet is only rated 3.3 on Google Play. That means that it is in need of improvement before it could be considered a good choice to store your money.
#4. Verge QT Wallet
Designed to increase the user’s privacy even more, QT wallet works in synergy with the Verge’s own security measures. However, it is less user-friendly than Electrum and Coinomi, as it trades simplicity for security. It also doesn’t support multi-currency accounts, so you wouldn’t be able to store different currencies in one place.
Verge QT wallet is available on Windows, Mac, and Linux. So far, it seems that desktop versions are your best bet unless you want to use an offline wallet.
#5. Verge Paper Wallet
This is a customized Verge paper wallet generator created specifically by the team behind the Verge wallet. In case you don’t know what paper wallet is, it is a list of paper with wallet keys printed on it. To access it, you will need to either type in your public key, or to scan the QR code printed on the paper. It is a pretty safe way to store your coins, as long as you keep it from water, dogs, and kids with colored crayons. Just don’t forget where you put it, and nobody will be able to hack your wallet.
All in all, what we see in Verge (XVG) is an underappreciated privacy coin with a lot of potential. Right now its fate lies in the hands of the Verge community, and given what I’ve seen from them, they are quite industrial and crafty (in a good sense, of course). With the rebranding, constant updates, and the latest tendencies that it shows, it could become more formidable crypto in its own right. And that’s why it is useful to know what Verge wallets to look out for.