Verum Coin total circulation and introduction to online exchanges

With a finite supply capped at 21 million coins, Verum Coin (VRM) ensures scarcity, mirroring Bitcoin's characteristics and potentially influencing its value over time.

Dec 18, 2024 at 09:36 pm

Key Points:

• Understanding Verum Coin's Total Circulation
• Exploring Verum Coin's Availability on Online Exchanges
• Step-by-Step Guide to Acquiring and Storing Verum Coin

Understanding Verum Coin's Total Circulation:

Verum Coin (VRM) has a finite total supply capped at 21 million coins, mirroring the characteristics of Bitcoin. This scarcity plays a crucial role in determining VRM's value and price over time.

Exploring Verum Coin's Availability on Online Exchanges:

VRM is currently available on several reputable online exchanges, offering users convenient platforms to buy, sell, and trade the cryptocurrency. Top exchanges include:

• Gate.io:

  • One of the leading global exchanges with a robust user base.
  • Provides a user-friendly interface and competitive trading fees.

• BitMart:

  • A well-established cryptocurrency exchange known for its security and reliable operations.
  • Offers a diverse selection of trading pairs and advanced trading tools.

• XT.COM:

  • A rapidly growing exchange with a focus on emerging cryptocurrencies.
  • Provides low trading fees and supports multiple payment methods.

• Bitrue:

  • An innovative exchange offering various financial products and features.
  • Known for its attractive trading rates and support for both spot and futures trading.

Step-by-Step Guide to Acquiring and Storing Verum Coin:

Step 1: Choose a reputable online exchange

Select an exchange that meets your needs in terms of security, trading fees, and user experience. Consider the exchanges mentioned above or explore other options that suit your preferences.

Step 2: Create an account and verify your identity

Register for an account on the chosen exchange and complete the necessary identity verification process. This involves providing personal information and submitting documents for authentication.

Step 3: Fund your account

Deposit funds into your exchange account using supported payment methods such as cryptocurrency, bank transfer, or debit/credit cards. Ensure you understand the deposit fees and processing times.

Step 4: Place a buy order

Navigate to the Verum Coin (VRM) trading page and specify the amount of VRM you wish to acquire. Select the desired order type and price, then place the buy order.

Step 5: Withdraw your VRM (Optional)

To enhance the security of your VRM holdings, you may consider withdrawing them from the exchange to a hardware wallet or a software wallet that offers private key control.

FAQs:

1. What is the purpose of Verum Coin's finite supply?

• Ensures scarcity, which contributes to the cryptocurrency's value and long-term price performance.

2. Are there any additional exchanges where I can trade VRM?

• Yes, beyond the exchanges listed in this article, VRM is also available on Binance DEX, PancakeSwap, and other decentralized exchanges.

3. How can I store my VRM securely?

• Consider using a hardware wallet like Ledger or Trezor for secure storage of your private keys. Alternatively, you can use software wallets that offer high levels of security, such as Exodus or Zengo.

4. What are the benefits of holding Verum Coin?

• Scarcity and limited supply contribute to the potential for price appreciation.
• VRM is built on a blockchain network designed for environmental sustainability.
• The cryptocurrency offers diverse use cases, including payments, decentralized applications, and governance.

5. Is it a good time to invest in Verum Coin?

• Investment decisions should be based on individual research, financial circumstances, and risk tolerance. Consider market conditions, the cryptocurrency's fundamentals, and broader economic and financial factors.