Crypto Question Help!

[bdl12120]

Hello,

I am hoping someone can help. I am looking for a US based exchange where I can send my Verge (VXG) from my Trustee wallet and withdraw. I have tried Coinbase, Gemini, Binance.us and Crypto.com and none of them support XVG. Please help.

Thanks!

[joniboini]

Maybe you can take a look at their market list[1] too. If I understand correctly, are you trying to sell your Verge and withdraw in BTC? Is there any reason why it must be US-based? Because if you want to withdraw in Bitcoin or stablecoins I'm pretty sure most instant exchanges support that (you'll probably need to do KYC though, so it's still a risk if you don't like that). CMIIW.

[1] https://vergecurrency.com/get-verge/

[bdl12120]

Just realized I can just convert it to btc and transfer that. I’m dumb. Also, is KYC that risky even on bigger known sites like binance, crypto.com and Gemini etc? Bc I’ve def done that.

[joniboini]

It's risky since you trust a third party to secure your private data without any control whatsoever. If you read some news about database leaks, you'll be surprised at how many of those happened within a year. Exchanges or any third-party platform is a high-profile target for hackers to attack, one of their targets is their customers' data so they can sell it on a marketplace. We can't even guarantee if the exchange abuses our data or not. I'd avoid KYC if possible, or try to minimize the number of platforms that I give my data to. CMIIW.

[NotATether]

Does it specifically have to be a US exchange? I'm aware that you might need it if you are a US person but that is only if you want to receive the resulting money in your bank account.

There are plenty of other international exchangers like QuickEx that you can use, some of which might support selling Verge for a more common cryptocurrency.

You can also try AltQuick.

[hugeblack]

Here is a list of all the platforms available to exchange verge
------> https://coinmarketcap.com/currencies/verge/#Markets
Research exchnages to see if it requires KYC or not and if they accept US-based docs, although I prefer that you first look for decentralized or centralized platforms that do not require KYC and have high liquidity.

[TomPluz]

You can just use Binance though there will always be risks involved with the KYC information that they may need you to pass...and one thing for sure there is no such a thing as risk-free much more so in the crypto space it is just a matter of minimizing our possible exposure to the risks.  I am not so sure if Binance will still allow transactions with little value or at least below 1 Bitcoin or around $60K in value. Just take a look at the many possible options at your disposal...this can also be an educational journey for you most especially if you are planning to stay in this industry for the long-term. Good luck and more power!

[MUGNIA]

Just realized I can just convert it to btc and transfer that. I’m dumb. Also, is KYC that risky even on bigger known sites like binance, crypto.com and Gemini etc? Bc I’ve def done that.

KYC is actually very risky to do, because we provide data to third parties, so it is better for us to think carefully about doing KYC on many exchanges, I personally only have a few exchanges and those are the ones I often use,

[Geey]

usually every coin has a community, there you can ask the members or the leader about all this. if not you can see on coinmarket where there is an exchange and you can also sell on the exchange provided by the project.

try to visit the project website and read carefully about the token and learn everything on the website so you know where you can withdraw or sell your coins.

[bounceback]

Based on your case, coins  Verge (VXG) already listed on Binance and I think in your country United State supported by using Binance US and you can make deposit there from trustwallet.
Its not problem for your country regulation because Binance US become legal exchange market and you only need to make KYC firstly before available depositing, withdrawing and trading there. But if you want sell to the other or third party person need to use escrow and have lower fees than market price, I don't think its recommended than your spending only KYC on Binance US account.

[0t3p0t]

Just realized I can just convert it to btc and transfer that. I’m dumb. Also, is KYC that risky even on bigger known sites like binance, crypto.com and Gemini etc? Bc I’ve def done that.

I think the best way to convert your Verge is to use Coinomi wallet but first you need to add XVG then you can convert without any hassle. I just don't know if fees are good right now but that is what I did a couple of years ago with my Altcoins before I was using exchanges.

[albon]

Many platforms are risky because they rely on third parties to protect your personal data without any controls. You should use very few exchanges and use your kyc. Since there are so many exchange platforms in this crypto world, all of them will surely de-risk you. There are many exchanges that target high amount accounts and traffic and sell data. They are hacking themselves and not looting our funds. A low quality exchange can misuse your data at any time and this has happened several times.

[Themepen]

You can just use Binance though there will always be risks involved with the KYC information that they may need you to pass...and one thing for sure there is no such a thing as risk-free much more so in the crypto space it is just a matter of minimizing our possible exposure to the risks.  I am not so sure if Binance will still allow transactions with little value or at least below 1 Bitcoin or around $60K in value. Just take a look at the many possible options at your disposal...this can also be an educational journey for you most especially if you are planning to stay in this industry for the long-term. Good luck and more power!

Yes you are right using Binance for cryptocurrency transactions has built in dangers especially with personal identity information. However reducing exposure to risks is important because there is no completely safe place in cryptocurrency world. It is unclear if Binance will allow small transactions like those under 1 Bitcoin or $60,000 in value.

Looking at different options is good idea and this process can be valuable learning experience especially for those planning to stay in industry for long time. By being careful and well informed people can navigate cryptocurrency market effectively and make smart decisions to protect their money.

[examplens]

Just realized I can just convert it to btc and transfer that. I’m dumb. Also, is KYC that risky even on bigger known sites like binance, crypto.com and Gemini etc? Bc I’ve def done that.

KYC is always a risk, that's why most of the crypto community fights against it.
Almost every exchange, as well as many large services, has had a hacking problem at least once. Most often it was aimed at stealing funds, but there were also cases of data theft. But even without that, there were sales of personal user data by company insiders.
So the advice is, to avoid KYC as much as you can.

[zynno12]

Why don’t you first try to exchange your Verge for Bitcoin? That could open other possibilities. Still, you should remember that KYC remains quite dangerous; nowadays data leaks occur from time to time. Perhaps to consider some small exchanges or even decentralised ones that do not necessarily have to ask for KYC.