How to Buy Vechain (VET) in 2021: A Simple Guide

Vechain (VET)In this guide you’ll get information about where to buy Vechain, if you are planning to buy VET – You’re in the right place!

Vechain as a token is created for platform which using blockchain to facilitate financial service, Supply chain, and smart contract for the management. It run under Ethereum network. And it is first created in 2007 in the form of project for disaster recovery which then as the development progress turned into full business platform with the release of the coin on 2015. The platform itself can be used for business management that work well without the need of central authority.

Vechain (VET) Features

  • Controllable transaction. Vechain platform uses BlockRef to control the transaction expiration so users can control the time of the transaction easier.
  • Multitask transaction. With atomic transaction Vechain platform support multitask transaction so business owner can do batch payment.
  • Multiparty transaction. Vechain platform can facilitate fee delegation system using decentralized application which can be used by users without any friction.
  • Transaction dependency. Dependencies can be set on Vechain platform so execution of the order will surely meet the need of business owners.
  • Low computation. Vechain platform only use low computation in order to achieved security on the network and maintain consensus integrity.
  • Smart contract. Vechain platform is controlled using smart contract to avoid hard fork as prevention for mastermodes authority failure to upgrade.

Where to Buy, Sell and Trade Vechain aka VET

You can basically use debit card, credit card, or even PayPal to buy the Vechain (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Vechain as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to Vechain. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

In general, the process would be:

  1. You go to the online exchange and buy the Ethereum or Bitcoin
  2. Find a crypto exchange that supports Vechain currency and exchange your Ethereum or Bitcoin with the Vechain
  3. Store your Vechain to a secured wallet

Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

coinbaseClick here to register (opens in new tab)

  • You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
  • Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
  • You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.

That’s the first step in buying Vechain, once you get your Bitcoin or Ethereum, you can continue to the next step.

Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments

After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.

With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.

These are the best exchanges we can recommend for you to exchange BTC or ETH with Vechain:

BINANCE
binanceBinance is  the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now.

  • Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
  • Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
  • Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
  • Trading Pairs: 1189+
KRAKEN
kraken

Kraken is a crypto exchange from United States and was founded in 2011. Currency exchange that Kraken operates provides trading on a crypto-to-fiat-money system. At the time of writing, Kraken is available for 48 regions in US and can be accessed for 176 countries. Kraken has listed 56 types of cryptocurrencies to trade on. According to CoinMarketCap, Kraken is ranked 3rd globally.

  • Deposit Methods: FIAT currencies, Cryptocurrency, Cash (CAD only), Debit Card (CAD only)
  • Fiat Currencies: USD, EUR, CAD, GBP, CHF, JPY and AUD
  • Supported Cryptocurrencies: BTC, ETH, ADA, DOT, DASH, ETC, KSM, NANO, XRP, USDT & 52+ more
  • Trading Pairs: 284+
GATE.io
gate.ioGate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.

  • Deposit Methods: Cryptocurrency Only
  • Fiat Currencies: N/A
  • Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 565+ more
  • Trading Pairs: 1118+

IMPORTANT! Once you are registered to any of the above, find the BTC/VET or ETH/VET trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.

Step 3: Managing Your Crypto Assets in a Secure Wallet

As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.

You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.

There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.

For Securing your Vechain (VET) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

LEDGER NANO-X

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

TREZOR MODEL-T

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

Frequently Asked Questions (Faqs)

Can I Buy Vechain (VET) with PayPal?

You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Vechain. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy Vechain (VET) with Cash?

You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:

  • Make sure you have a BTC / ETH wallet before you buy from seller
  • Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.

Can I Buy Vechain (VET) with Skrill?

You can’t buy VET directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Vechain. You can buy BTC/ETH with skrill by using these exchanges::

Can I Buy Vechain (VET) with Bitcoin?

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/VET and begin the transactions.

Can I Buy Vechain (VET) with Ethereum?

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/VET trading pair.

What Is the Best Payment Method to Buy Vechain (VET)?

The cheapest way is to use bank account to buy Bitcoins first or to buy the Vechain right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect Vechain (VET)?

Once you have purchased the Vechain, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

ledger nano x

Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

How to Sell Vechain (VET)?

Find a crypto exchange which allow pairing VET with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

Can I Mine Vechain (VET) and Not Buying It?

You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Vechain is to buy it from a reliable exchange.

Is VeChain a safe and promising investment?

There is something that makes VeChain promising and worth using. There are solid partnerships from VeChain with many popular organizations. This can help VeChain to test various solutions that could solve real problems.

What are the partnerships that VeChain works with?

There are several partnerships that have become VeChain’s partners and are growing steadily. Some of these partnerships are PWC, DNV, China Unicom, GL, and various national partnerships from the Chinese Government.

What does the partnership have to do with the quality that VeChain provides?

This partnership relationship is an important reason for the success of the cryptocurrency system. VeChain, which has successfully taken advantage of these various partnerships, can smoothly create a variety of quality products that are ready to be marketed. So that VeChain has a better future for many people and partnerships that have been mentioned above.

How far has VeChain progressed so far?

Diversification is one of VeChain’s development methods. VeChain develops blockchain-based solutions for some industry concerned. VeChain’s team provides solutions that can be used for many companies. VeChain offers the Ethereum platform with decentralized application development functions. There are still many other applications that can be used from VeChain development. So, VeChain has many opportunities to grow, and VeChain is targeting a wider market reach.

What are the foundations that strengthen VeChain to provide best quality?

VeChain’s team is the most experienced in their field. VeChain itself is a blockchain that has been around for a long time. Therefore, the VeChain team has acquired skills and experience that can be relied on to provide real solutions. Technology such as blockchain itself is of course very important to be regulated by an experienced and intelligent team providing solutions. VeChain is also supported by the VeChain Foundation, this foundation is a non-profit organization with responsibility for R&D and development of VeChain network. VeChain Foundation plays an important role in developing VeChain’s partnerships with various industries and companies. With a strong VeChain foundation, it can help achieve each of its goals more efficiently.

What are the things that might make VeChain even worse as an investment platform?

Cryptocurrency market that we already know is getting tougher and even unhealthy competition. VeChain is also facing very tough competition from a variety of projects, both current and future projects. VeChain has contracted with various modern technology projects, but some are still under development. The success of VeChain depends on project development projects such as Vechain Thor. In addition, as long as it is in the context of the cryptocurrency market, we must all be aware of any related regulations. VeChain itself is closely related to the policies of Chinese government.

What are VTHO and VET?

VeChain has two types of tokens, VTHO, and VET. VET or VeChain Token is used for those who want to make financial transactions via VeChainThor blockchain. This VET can also be used for market speculation. While VTHO or VeThor Token is a type of “energy token”, this token is used for those who want to make transactions via VeChainThor. Those who have VET, can generate VTHOs so that can be used via VeChainThor blockchain.

What are the places that can be used to store VeChain?

You can store either VET or VTHO, and several other types of crypto assets with the official VeChainThor wallet via an Android or iOS device. Official desktop wallet you can use is VeChain Sync. You can also use this service by using Ledger to store cold wallets (Most recommended). There are also several wallets from third parties for storing VTHO and VET. For example, Trust Wallet, Arkane Wallet, Cobo Wallet, MySafeWallet, Atomic Wallet, Exodus, Guarda Wallet, and Ellipal.

How does VeChain work?

VeChainThor blockchain system has a similar function to a variety of other business blockchain platforms. Many businesses use Blockchain-as-a-Service or BaaS VeChain with a function called ToolChain. This ToolChain system can build quality blockchain-based solutions. From a single VeChainThor blockchain transaction, several tasks will be completed.

VeChain users also don’t have to use any crypto to be able to make transactions. So that the experience of every VeChain user will be more satisfied because of this convenience. VeChainThor blockchain has a PoA or “Proof of Authority.” Its job is to regulate the authority of the nodes in blockchain system to be able to confirm every transaction. So that each transaction can only pass through the Authority Masternodes system.

Conclusion

Vechain a token is created for platform used by business owners to do various management process using blockchain. Business owner must learn how to buy Vechain to gain access on the platform which can help them to do various task. The business can also do various task at once including batch payment. With decentralized application, business can arrange fee delegation easily. Transaction and dependency can be controlled easily so everything can fulfill the business needs on the right time it must be done.

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