Bitcoin is the most popular digital currency, but the competition among other virtual coins is fierce. Verge is among the available “privacy” tokens focusing on boosting user anonymity during crypto transactions. Is it worth investing in, or should you convert XVG to BTC immediately? Here’s where to start if you plan the trade!
Decentralized crypto transactions improve security and privacy by eliminating a third party (a bank) from the transfer. But many tokens, including Bitcoin, can’t guarantee total anonymity to users. That’s why “privacy” tokens like Zcash and Monero have appeared. Verge belongs to the same category as it focuses on maximizing anonymity during a transaction.
The coin’s history goes back to 2014 when it originated as a DOGE’s fork. Verge’s original name had been DogeCoinDark, but the creators changed it in 2016.
Verge obfuscates the IP address of transaction participants, as well as their locations. That approach makes users almost untraceable, maximizing the privacy level during the transfers.
BTC isn’t the first cryptocurrency that offers a digital alternative to fiat payments. However, it’s the first one that attracted major public attention and gained millions of users worldwide.
Bitcoin shows a clear bullish trend. Following huge downfalls and going as low as $16K, this year started encouraging for the crypto. Times are better for the entire crypto market, but there are various explanations for why the BTC price has been rising. Some claim it’s an inflation hedge, others believe investors not afraid of risks are trying to profit, and some explain the price increase with the increase in mining cost and difficulty.
Where to Swap XVG to BTC: Godex
Godex developers show that the secret lies in simplicity. They explain the platform they created is one they would want to use. The main purpose was to ensure a user-friendly interface with fast page loading and transaction processing time.
You can maintain anonymity because signing up is unnecessary at Godex. The platform doesn’t have an exchange volume limit and offers fixed rates to ensure you avoid losing precious currency due to the market’s volatility. Godex supports swapping Verge for Bitcoin but also adds 300+ other cryptocurrencies to the mix. And the best part is the exchange aims to maintain honest transaction fees.
Easy Steps to Exchange Crypto
Even if you have never traded crypto before, you’ll quickly see that the process is simple if you stick to these steps:
- Identify a reputable exchange. Platforms that don’t require registration provide anonymity and accelerate the transaction.
- Find the desired trading pair. The most reputable exchanges have separate pages with converters and additional info about the desired trading pair. For example, you should visit https://godex.io/exchange/xmr-to-btc to learn more about converting Monero to Bitcoin.
- Enter the sum to trade. You’ll see the field “You Get,” which is where you enter the sending amount. You’ll see how much of the target coin you get in return.
- Enter the destination wallet. After entering its address, the system will generate a deposit address for you to send the funds.
- Send the funds and finalize the transaction. After receiving confirmation that the funds have arrived, it shouldn’t take long to complete the transfer and get target tokens.
XVG vs BTC: Price Prediction
XVG’s current price is $0.003, putting it below the top 300 currencies in the value rankings. The coin should keep its worth during 2023, although some experts (PricePrediction.net) believe it could go up to $0.005. By 2025, XVG could reach $0.01, while its potential value in 2030 is anywhere from $0.055 to $0.07.
Bitcoin stands at around $23,000, and the value is unlikely to go down during 2023. If the year is good, BTC could reach and exceed $30,000. In 2025, the value could be anywhere from $50,000 and $70,000. The forecasts offer an even bigger margin for 2030, going from $177,000 and $445,000 (PricePrediction.net).
Time to Swap XVG for BTC
While you can expect profit if you choose to hold Verge, the forecasts predict bigger growth rates for Bitcoin, especially in the long run. And BTC has a much higher reputation, so it’s hard to believe you’ll go wrong opting for this trade. But before you swap XVG for BTC, make sure the decision is yours. Compare all factors you find relevant and trust your gut — if it tells you to finalize the trade, don’t hesitate to give it a shot.