Top 3 Wallets for Verge in 2022

Top 3 Wallets for Verge in 2022

Verge Crypto and Its Best Wallets: Investment in Verge is a smart move. However, as with any asset, investors should thoroughly research XVG prospects before purchasing. In this article, we’ll discuss Verge and the best wallets for holding or storing it.

Verge Performance 

Until 2016, Verge was known as DogeCoinDark. At the time, XVG was valued around $0.00001. 

When DogeCoinDark was renamed Verge in 2016, its value increased from $0.00001 to $0.00008. This 800% boost in price proved the rebranding effective. In April, XVG hit a record high price of $0.0002 per coin.

Another price jump occurred in 2021 when the value of the coin grew from $0.007 to $0.07 in five months. After that, XVG quickly retracted and is trading around $0.01 at the beginning of 2022. You can always check the current price ratio of Verge to other coins on the Godex crypto calculator. 

Top 3 Wallets for Verge

The most secure way of storing, managing, and trading your crypto assets is using a native crypto wallet integrated within the blockchain or a third-party app that is recommended by the project. Those are the wallets that offer full compatibility and guaranteed safety. 

Verge coin has multiple reliable wallets with varying levels of security and usability. Other Verge wallets may exist, but they are not as safe as those validated by the Verge team. Here are the top 5 best Verge wallets, and we will focus on reviewing the three most popular choices. Verge Crypto and Its Best Wallets

Coinomi

With this multi-currency wallet, you can be certain that your private keys are protected — Coinomi makes sure they stay on your device at all times. The wallet also masks user IP addresses to keep them safe. 

The wallet may be used on both mobile devices and personal desktops. It supports over 1,700 different assets and does not impose any service fees. 

Pros

  • Strong security and IP masking
  • Users store their keys on their own devices
  • No fees
  • Partnerships with exchange platforms.

Cons

  • Susceptibility to attacks like any other mobile wallet
  • Not open-source software
  • No two-factor authentication option.

Verge QT

This wallet is full-node and works as a cross-platform program that runs on various devices. Anyone with C++ programming experience is encouraged to contribute the project. Just 2 GB of space on your device is required to store the node wallet. 

You can download this wallet from the official website of the project. It is available for Windows, macOS, and Linux. It is a wallet designed exclusively for XVG. The safety of your coins is guaranteed by SSL encryption and IP address protection.

Pros 

  • Simple interface
  • Multi-platform 
  • Always valid transactions with a full node on your device.

Cons

  • No customer support
  • Single-currency wallet
  • Needs lots of storage space.

Electrum

Electrum is a free and open-source wallet that also supports Verge. It is easy to set up and needs minimum storage space. It uses Simple Payment Verification (SPV), which allows the software to confirm a transaction without the need to download the whole blockchain. This allows decreasing the average time of confirming transactions to 5 seconds.    Verge Crypto and Its Best Wallets

The wallet supports all three operating systems — Windows, Linux, and Mac OS X. It may be used in combination with Tor to guarantee anonymity. 

Pros

  • Includes multi signatures
  • Local storage of private keys.

Cons

  • Not a good option for beginners
  • Security and privacy risks due to local transaction confirmation

Conclusion

With its focus on privacy, Verge has all the chances to become the next big thing in the cryptocurrency world. It is expected to be valued at around $0.5 by 2031, according to various XVG price predictions. That is why it is a good idea to get your hands on come XVG coins now, while the price is low, and store them in a reliable and secure wallet, like one of those we have described in our article. Make sure you review all the features and choose the one that fits your needs the most. 

Leave a Reply

Your email address will not be published.