The Definitive Guide on How to Buy VeChain.
Unless you have been living away from civilization, it’s obvious that you’ve heard of the blockchain technology. VeChain is basically an enterprise-level blockchain technology which is resistant to modifications. It is not only limited to finance but offers a platform to other industries to authenticate the products.
VeChain uses RFID or Radio Frequency Identification technology and near – field Communication technology to enhance supply chain. It offers solutions to the government, enterprises or industries with quick and ideal solutions. It seeks to create transparency in the businesses, which includes customers, sellers and manufacturers.
VeChain coin trade was started in Aug 2017, and it is now one of the most valuable digital currencies in the world. To provide stability, longevity, and flexibility, two coin systems was introduced by VeChain – VET, and VeTHOR.
To explain it in simple terms, VET deals with the platform’s apps, while VeTHOR deals with the transaction parts.
How to Buy VeChain
In order to purchase VET tokens, you first need to purchase ETH. Once you purchase ETH, you can then exchange it for VET. For this example, we will explain how to purchase ETH on Coinbase, one of the most popular cryptocurrency exchanges.
Use the link here or click the image above to get $10 in Bitcoin when you purchase or sell your first $100.Register on Coinbase
Step 1: Create a Coinbase account
Select the “sign up” tab and complete the form by entering the requested information, including:
- Your name (exactly as it appears on your photo identification)
- Email address
Step 2: Verify your account
- Issue your phone number
- Upload an image of your photo ID
- Verify your credit or debit card, or your bank account information
Step 3: Select the “Buy/Sell” option on the menu, once our account is verified
After verification, select the “Buy/Sell” option on the menu
- Choose “Ethereum”
- Input how much you would like to purchase
- Select the “Buy” button
Step 4: Confirm your purchase
- Select the “Confirm Buy” button
Step 5: Open an account on an exchange that accepts VeChain
For the purposes of this example, we are going to use the Binance exchangeRegister on Binance
Step 6: Register your Binance account
- Enter your email address and a strong password
- Select “Register”
- You’ll receive an email to confirm your account
Step 7: Login to your Binance account
Step 8: Transfer ETH from Coinbase to Binance
- Under the “Wallet” tab, select “Deposits”
- Copy the ETH deposit address you are provided with
- Log back into Coinbase
- Select “Accounts”
- Click “Send”
- Enter your ETH deposit address
- Input the amount of ETH you want to transfer
- Select “Continue”
Step 9: Exchange ETH for VeChain
- When your ETH has arrived in your Binance account, you can exchange it for VET tokens
- Select ETH currency
- Search for VET in the search box and select it
Select whether you want to “Limit” order (you can choose the amount of VET you want to purchase) or “Market” buy, which will autofill your order at the best price
Step 10: Select the “Buy” button
- Once you have chosen the amount of VET you would like to purchase, select the “Buy button”
- Your VET order will be immediately filled; your ETH will be transferred into VET
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Why buy VeChain?
If you’re wondering whether to buy VeChain coins, here are some reasons which will clear your doubts.
- VeChain is a product which has been tested in real-world. It is proven to be an effective strategy to combat counterfeit products, especially luxury brands. As we know that there are tons of designer goods replicas on the market, this has been a serious threat to companies and brand reputation.
- VeChain with its advanced technology can effectively check the authenticity of any products. This helps the consumers, in particular, to avoid such fake or counterfeit goods.
- VeChain is now backed by many genuine giant corporations. In the world of blockchain technology, it has secured a permanent place for itself. For instance, it is now a part of the incubation program in the Price Water House Cooper, China’s National Research Consulting Center, and Liaoning Academy of Agricultural, just to name a few.
- Their team is composed of super talented individuals (150) with a vast experience in Information Technology, and Information Security.
- VeChain apps on the market are optimized for mobile devices, namely Android and iOS.
- Very few institutions have transparency; this is not the case with VeChain. You can see for yourself. This is a VeChain financial report which shows their transparency.
- X Node program is yet another reason. VeChain has announced that it will reward its early supporters. For this reason, they designed and launched the X node program.
- Based on their current rate of growth, experts estimate that their pricing may shoot up in the next few years or even months.
How to sell VeChain?
VeChain coins can be exchanged for bitcoins or Ethereum on altcoin exchange, and then convert it to fiat currency. Here is how you can sell the coins.
The easiest way to sell the VeChain coins is through altcoin.io exchange. Here you can sell VET, bitcoins or Ethereum. To do this, you need to first sign up to altcoin.io
Next, you must sell the VeChain coins for bitcoin or Ethereum. These two cryptocurrencies have higher liquidity and are most widely accepted.
Sign up, or log in to Coinsquare and transfer the bitcoins or Ethereum. Get your account verified and you can now exchange the coins for fiat currency by using the quick trade.
Which wallets can you use for VeChain?
The best VeChain wallets you can use in 2019 include:
- Ledger Nano S – Hardware wallet,
- MyEtherWallet – Web wallet.
- Eidoo – For mobile and desktops.
- VeChainThor Wallet – Best for Andriod and iOS.
These are highly reliable VeChain wallets which can store a wide range of tokens, and they are equipped with high-security features.
Within a couple of years of launching, VeChain has already established its place in the crypto market. As mentioned earlier, it is not only essential to the financial world. Its indispensable service in creating transparency in the supply chain has been widely accepted and appreciated. So, it can be said that VeChain is likely to dominate the cryptocurrency world in the near future.
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