What is Vertcoin?

What is Vertcoin (VTC)?
Vertcoin is an open-sourced decentralized cryptocurrency. It is made to be sent from peer to peer. To send and receive VTC one can use a digital wallet on the phone or computer. All the transactions are being published on a distributed public ledger. Then users verify a transaction. As a reward they receive VTC coins. To reach the consensus this system uses Proof-of-Work protocol.

Where did Vertcoin come from?

Vertcoin follows the originals of digital money. It is a cryptocurrency that is owned and run by the users.

What are the advantages of Vertcoin?

Vertcoin keeps mining accessible. It is easy and profitable. The most important is that users don’t need more than usual PC to get profit. The idea is to protect users from mining with special equipment.

What are the disadvantages of Vertcoin?

Although Vertcoin uses original Bitcoin principals, it definitely has some differences from other cryptocurrencies in its history.

How to buy Vertcoin on SimpleSwap?

Let’s say you want to buy Vertcoin. What should you do? We suggest you go to the SimpleSwap homepage and follow the instructions below:

  • Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
  • Select VTC in the second drop-down list. You will see the estimated amount that you will receive after the exchange.
  • Enter the Recipient’s Address. Vertcoin will be sent to this address. Be careful and make sure you use the correct address.
  • Check all the information you have entered. If everything is correct click the Exchange button.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.

This is everything you need to know to buy VTC.

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