In this guide you’ll get information about where to buy Velas, if you are planning to buy VLX token – You’re in the right place!
There are several blockchains ready to host various decentralized apps. However, there is still a demand for a new blockchain that can deliver a fast transaction with a more affordable fee. Velas comes to answer the demand.
The team behind Velas designs the blockchain to be scalable and affordable at the same time. Focusing on the users, Velas also aims to deliver stable and secure transactions. The project boasts 75,000 transactions per second, ten times more than Polygon. And it will only cost 10% of the fee in Polygon. Users only need to hold a Velas Account, a passwordless authentication system. Users who buy Velas (VLX) tokens can take part as a validator or delegator to keep the chain decentralized.
- Official Site: https://velas.com/
- Twitter: https://twitter.com/VelasBlockchain
- Reddit: https://reddit.com/r/Velas
- Telegram: https://t.me/velascommunity
- White Paper: https://velas.com/pdf/whitepaper.pdf
Table of Contents
Velas (VLX) Features
- Low-cost transaction fee: Velas is by far the most efficient chain among others. Compared to other chains such as Polygon and Ethereum, Velas can hold up to 75,000 transactions in a second. Each transaction also can be finalized in less than five seconds. The transaction fee is also a fraction of the cost in Polygon.
- Velas Wallet: Vellas Wallet acts like other wallets where it can hold multiple currencies. It’s available for both desktop and mobile. The Velas Wallet is available for Linux, Windows, and macOS. The wallet has a mnemonic phrase so users can control their coins in a single move. Users can delegate their stakes to a node and watch the progress directly from their wallets.
- Velas Account: Users can have a Velas account for a seamless transaction everywhere. It’s a passwordless account that they can use on any platform. The benefits of having a Velas account are more than access to the wallet. Users can have a seamless, fast, and secure transaction only by logging in to their Velas account. They are also guaranteed to have a low-cost fee for using Velas’ native tokens in their transactions. Developers also can benefit from having a Velas account. The team has set up the chain’s API to be easily integrated with their apps.
Where to Buy, Sell and Trade Velas aka VLX
You can basically use debit card, credit card, or even PayPal to buy the Velas (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Velas as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy Tether first. After you get the ETH or BTC or USDT, you can convert it to Velas. 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:
- You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports Velas currency and exchange your Ethereum / Bitcoin / Tether with the Velas
- Store your Velas to a secured wallet
That’s the first step in buying Velas, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.
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 or USDT 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 or USDT with Velas:
Gate.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 1040+ more
- Trading Pairs: 1801+
Binance 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. Binance.com is unable to provide services to U.S. citizens or residents.
- 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+
Bybit is a leading cryptocurrency exchange offering a secure and efficient trading platform for digital asset enthusiasts. Founded in 2018, it specializes in derivatives trading, including perpetual and futures contracts, with high leverage options. Known for its user-friendly interface, Bybit caters to both novice and professional traders. The platform provides advanced tools, including charting and risk management features, ensuring a seamless trading experience. Bybit also supports spot trading, staking, and passive income opportunities. With 24/7 customer support, robust security measures, and a reputation for reliability, Bybit has become a popular choice for crypto traders seeking innovation and transparency.
- Deposit Methods: Cryptocurrency, Credit/Debit card, Third-party payment services, Peer-to-Peer (P2P) trading
- Fiat Currencies: USD, EUR, GBP, JPY, and 60+ more
- Supported Cryptocurrencies: BTC, ETH, XRP, LTC, DOGE, and 300+ more
- Trading Pairs: 500+
MEXC is a global cryptocurrency exchange platform known for its user-friendly interface, extensive range of listed cryptocurrencies, and innovative features. Established in 2018, MEXC provides trading services such as spot, futures, and margin trading, catering to both beginners and advanced traders. The platform supports a wide variety of altcoins, often listing new and promising projects. MEXC is popular for its high liquidity, competitive trading fees, and robust security measures, including two-factor authentication and fund protection protocols. It also offers staking and earning opportunities through its launchpad and DeFi integration, making it a versatile choice for crypto enthusiasts worldwide.
- Deposit Methods: Bank transfer (ACH), Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & over 2,700 others
- Trading Pairs: Over 3,000
IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the VLX/BTC or VLX/ETH or VLX/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you VLX/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Velas (VLX)
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 Velas (VLX) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
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+
Frequently Asked Questions (Faqs)
Can I Buy Velas (VLX) 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 Velas. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Velas (VLX) 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 Velas (VLX) with Skrill?
You can’t buy VLX directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Velas. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy Velas (VLX) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair VLX/BTC and begin the transactions.
Can I Buy Velas (VLX) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support VLX/ETH trading pair.
What Is the Best Payment Method to Buy Velas (VLX)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Velas right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Velas (VLX)?
Once you have purchased the Velas, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Velas (VLX)?
Find a crypto exchange which allow pairing VLX with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine Velas (VLX) 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 Velas is to buy it from a reliable exchange.
Conclusion
Users who buy Velas (VLX) tokens will need to have used at least 1 token to be a delegator. They need at least one delegated POS to be able to vote. Velas is new is blockchain offers a technology that is at least ten times faster than the current existing chains, yet at the cost of only a fraction of them. The project offers a platform where users only need to have an account to be able to do everything they want. Velas is also compatible with the Ethereum Virtual Machine.
