How to buy Edge (XVG) – a step by step guide

Edge is a secure and anonymous cryptocurrency, built with a concentrate on privacy.

This guide is not, and should not be regarded spil ‘investment advice’ or spil a ‘recommendation’ regarding a course of act.

Note: Pictures can be clicked to see a larger version. If you’re confused by any terms used, a glossary can be found here.

Very first wij need to set up a wallet to store the Edge you’re about to buy.

Choose the verkeersopstopping that works for your rekentuig and download it.

Once it has downloaded, unzip the folder onto your desktop and run the executable verkeersopstopping inwards (for example, ter Windows it will be called ‘electrum-xvg.exe’).

Once Electrum runs, make sure ‘Create fresh wallet’ is selected, and that ‘Standard wallet’ is selected.

You will be given a ‘seed’ for your wallet.

It’s very significant you copy this down somewhere safe and back it up. If your rekentuig is lost/stolen/corrupted you’ll be able to restore your wallet using this seed.

Once you’ve stored it securely, press ‘Next’.

You’ll now have to retype your seed to confirm you stored it correctly.

Once you’ve done that, press ‘Next’.

You will be asked to inject a password. Make sure it’s something secure but also something you won’t leave behind!

When you’ve entered it twice, press ‘OK’.

Note: if you leave behind this password you will lose access to your coins.

Your wallet will now open.

If you get a warning that you’re not online, close Electrum, then run the program again. Press instruments. Then network. Make sure ‘Automaat connect’ is disabled, and then select ‘elec2.verge-blockchain.com’. Press OK. You wallet should now connect to the Brink blockchain. If you’re still having issues, attempt asking for assistance ter the Edge reddit.

You will be given your wallet address, which looks like a long string of numbers and letters. Copy this somewhere safe spil wij’ll need it soon.

Now wij’ll purchase the popular cryptocurrency Ethereum, so that wij can exchange it for Brink (if you already own Ethereum you can skip ahead).

Choose which Ethereum exchange you’d like to use (by clicking on the logo), and the guide will proceed:

  • Operates ter 32 countries.
  • Accepts debit & credit cards and canap transfers.
  • Can have low buy thresholds at very first, increases with use.
  • ID verification required.
  • Worldwide coverage, 99% of countries.
  • Accepts debit/credit cards and handelsbank transfers.
  • High initial buy boundaries compared to other exchanges.
  • ID verification required.

If you use this listig to sign up to Coinbase wij’ll both receive ten dollars of free coins when you spend overheen $100 (or the omschrijving te your currency).

Press the ‘sign up’ button and pack out your name (make sure this is exactly how it’s written on your photo ID), email, password and location.

Just like a US handelsbank, Coinbase is regulated by the US government, and has to go after stringent financial rules. So they take verifying your identity very earnestly. It’s a anguish, but it does give Coinbase a reputation for being the most trusted way to convert fiat currency to cryptocurrency.

To verify your account you vereiste supply a phone number, upload an photo of your photo ID and verify a credit/debit card or bankgebouw account before you can buy.

Note: If you have problems verifiying your ID using your pc, attempt downloading the Coinbase app (on Iphone or Android), signing into your Coinbase account and verifying your ID using your phone camera.

Using a credit/debit card on Coinbase means higher fees but offers instant purchasing. Using a handelsbank transfer is cheaper but slower (taking up to a week to get your coins).

Once your payment details are verified, click ‘buy/sell’ on the top spijskaart.

Select ‘Ethereum’, and at the bottom of the pagina choose how much to spend te your local currency / how many coins you want to buy.

Once you’re glad with the amount, click the big ‘Buy’ button.

You’ll be asked to confirm your purchase.

Press the ‘Confirm Buy’ button.

Congratulations! You now own some Ethereum. But don’t close Coinbase yet, wij’re going to need it again ter a few minutes.

Related movie: Will the Bitcoin futures make the markets go up or down?


Leave a Reply

Your email address will not be published. Required fields are marked *