Vertcoin (VTC) is a decentralized platform on which users can transfer peer-to-peer values. Vertcoin was created in 2014 from a 'fork' of Litecoin. The most characteristic of Vertcoin is that it is ASIC-proof. This means that for the mining process of Vertcoin no expensive and specialized equipment is necessary, but that this can be done by anyone. This is in contrast to Bitcoin and Litecoin for which expensive mining equipment is required, which often leads to this being done only by wealthy parties.
Vertcoin works in a similar way as Bitcoin and Litecoin. It is possible to send peer-to-pair values via the Vertcoin platform. To maintain the platform, miners are required which validate transactions. Unlike many other blockchains, Vertcoin makes it possible to contribute to this mining process with any device. This makes it accessible to everyone, which ensures that Vertcoin remains decentralized and that the distribution of Vertcoin should be proportionate and fair.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Vertcoin. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing Vertcoin and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Vertcoin without any technical knowledge. Here is a brief overview of the existing wallet options to store your Vertcoin:
Hosted wallets are wallets where the private keys to your Vertcoin are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Vertcoin online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Vertcoin. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Vertcoin, and if malicious parties have access to your device, your private keys (and therefore your Vertcoin) can be stolen.
A hardware wallet is a physical device on which you can store your Vertcoin offline. It is one of the safest ways to store your Vertcoin, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Vertcoin is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Vertcoin. Once you have purchased Vertcoin on Bitvavo, you can choose to send your Vertcoin from your Bitvavo wallet to your own software or hardware wallet.