Verge is one of the few coins that continue to show the potential for recovery even in the current bear market. 2018 has been a gruesome year for the crypto market. There have been sell-offs after sell-offs. Besides, the current sell off is one of the longest. Cryptos seem not to find a bottom as the trend culminates in another storm every new week since mid-November.
Privacy coins are gaining traction in the crypto industry at a first rate. In fact, Tron (TRX), a top ten crypto by market capitalization has announced plans to include privacy features in its protocol in the coming year. Other anonymous coins in the market include Bitcoin Private (BTP), Monero (XMR) and Zcash (ZEC) among others.
Anonymous coins like Verge have been created to hide the details of the transaction on their network keeping them out of the public scrutiny. Verge goes further to hide the IP address of the transaction as well as its geolocation. It does this by using both TOR browser and I2P. In addition to that, the network is able to support the tractions at the lowest fees possible. Verge is steadily becoming a force to be reckoned with as a payment option. Besides, recently XVG landed support from Gold Label and Blockfolio Signals. A partnership that will expose the asset as an alternative payment option in over 200,000 stores across the globe.Verge was also the first asset to be adopted as a payment method on the world’s largest adult entertainment site, Pornhub.
The users of Verge (XVG)require a wallet to store their tokens after purchasing them on exchanges. Exchange platforms also offer custody services for cryptocurrency users but because the coins are stored online, it is usually not advisable to leave coins on exchanges for a long period of time. Therefore, a specialized Verge wallet will ensure that the tokens remain secure. Besides, the wallet contains other additional features that are relevant to a cryptocurrency user. While the wallets are not many, the few that are available will give you proper service depending on your needs. Below are some of the Verge wallets taking into account security, platform support, coin compatibility, simplicity as well as development and upgrades:
Verge Tor Electrum
This wallet is known for its lightweight feature making very suitable for the desktop. It has optimum security and is compatible with XVG. It has an elegant user interface that still manages to be simple. Users like this wallet for its simplicity. Besides,it is available in different operating systems including Windows, Linux and OSX. There is a mobile version too, however, it differs from the desktop. When it comes to security Verge Tor Electrum has in-built anonymous features in addition to the integration with Tor. There is a two factor authentication feature and a password-based login process.
Verge Tor QT
Like the above wallet, it is a desktop compatible wallet with great security features. It supports Verge(XVG) tokens while its user interface is moderately easy to use. The downside of Verge Tor QT is that it requires a user to have the entire Verge blockchain installed for it to function hence limiting basic users.
On the contrary, it is the ideal wallet for heavy users due to its additional security features such as SSL encryption. Only valid transaction can be processed by this wallet due to its full node feature. Its user interface has also of style features not available in the Verge Tor Electrum wallet.
This is a mobile-based wallet for the Verge cryptocurrency. It is built by a third party and has multi-currency support. A part from XVG, Coinomi can support more than 500 digital assets. It offers users with ease of access to their XVG and other tokens stored on the same platform. The mobile wallet functions with both iOS and Android operating systems. Besides, the team is working on launching a desktop version soon.