What is VeChain | Introduction
We believe that in order for the cryptocurrency market to develop further, we must highlight how and where to buy VeChain. Because you probably know already what are VET tokens, we will go straight to where to buy Vechain.
Vechain first appeared in 2015 and was created by Sunny Lu, with a little bit of help from Changpeng Zhao. The Vechain system is a blockchain with smart contracts, created to enhance the supply chain and improve the blockchain technology overall.
Vechain uses blockchain technology to create a ledger where the authenticity of a product is stored. So if you want to verify if the product that you purchase was legit, you can use the Vechainthor blockchain. Its innovative approach to supply chains using distributed ledger technology made many users wonder how to buy VET tokens.
Vechain is ruled by the Vechain Foundation. They have two tokens – Vechain (VET) and VTHO tokens. Having one of the lowest fees in the industry, the VeChain network is used quite often to transfer value.
Vechain reached a top value of $0.22, and VET holders are thinking that its future performance will be even better. The market cap of VET is $1.74 billion and its past performance made a lot of people consider purchasing VET tokens.
Therefore, we decided to go about this one by one. In order to answer the question “how and where to buy VeChain tokens” we will be going over some of the most common questions associated with the cryptocurrency market.
Now, let’s get a bit into how to buy VET.
Purchasing Vechain – Best Credit or Debit Card Places to Buy Vechain
In 2023, most people prefer to buy crypto assets using a credit or debit card. A bank transfer might take 2-3 days and there could be huge fees associated with fiat currencies when you transfer funds from your bank account.
Therefore, a debit card payment method is perfect when buying crypto. Most of the crypto exchanges and even hardware wallets enabled purchasing cryptocurrencies using a debit card – and some even accept Google Pay or Apple Pay as a payment method.
To buy Vechain (VET) using a card, there are a few cryptocurrency exchanges that might allow you to purchase VET, such as:
Buying VeChain Tokens Binance
Binance is probably the best trading platform for cryptocurrencies in the world. Purchasing Vechain with fiat currency is something possible on Binance since 2018.
It’s true that you need photo identification and a proper KYC – But Binance is a strong Exchange where you can easily store VET after your purchase. Binance has low fees and it’s a secure exchange, perfect to buy VET.
You can buy VET from Binance with a credit or debit card and even use it as a crypto wallet for your crypto investments until you purchase a cold wallet.
Binance is also a top place to trade VET – and if you compare crypto exchanges, Binance is still #1 since 2017.
How to Buy VET on Crypto.com
Crypto.com is one of the most user-friendly apps – that allows you to deposit USD via a wire transfer, or using a debit card. You can purchase from Apple Pay and Google Pay in some regions – but for others, the debit card option is the best.
They also allow you to withdraw fiat currencies from the app, but you first need to do a bank transfer from your bank account. The app has quite high fees and it’s not ideal to purchase VeChain in high amounts from it.
However, the Crypto.com trading platform has a DCA function, which you can use to purchase the same amount of VET every month. The Exchange has some of the lowest fees in the industry, and you can transfer funds from the app to the exchange for free.
How to Buy VeChain on Binance | Step by Step
If you think that knowing how to buy Vechain on different exchanges is enough for you, then you can try your luck with Binance as well. Just make an account and head on to the next step.
Once you are inside the account, click on ‘Buy Now’ and then look for VeChain along with your standard currency. Buying VET can be done with USDT, BUSD, EUR, etc. You can go here and search for VET in the search bar in the top right corner.
You will now have a list of fiat currencies, stablecoins, and cryptocurrencies that you can use to buy VET. Pick one and go to Step 4.
Your interface will look something like this. You should select the market, as it’s easier to buy VET that way rather than with limit orders. Select the amount of USD (or your selected pair) and press Buy.
Other Exchanges Where You Can Buy Vechain:
Frequently Asked Questions About Where to Buy VeChain
1. Is VeChain a Good Investment?
VeChain has covered a growth of about 5000% in just a year 2020-2021, and at the same time, as per technical analysis, the risk-to-return ratio is nearly 9:1, which makes it a far better prospect than Bitcoin and Ethereum.
2. Can I Buy VeChain with a Credit/Debit Card?
If you are wondering where to buy Vechain or any crypto asset in general, you would have to buy it via an exchange platform. You can use the platforms that we mentioned above. All the platforms have an option for credit/ debit cards on their payment gateway, so you can always have a ready option waiting for you.
3. Where to Buy VeChain in the U.S.?
You can use Crypto.com if you are located in the U.S.
4. Where Can I Buy Vechain?
Here is the complete list of the most important exchanges where you can buy Vechain: Binance, Kucoin, Crypto.com, Huobi Global, Gate.io, Bithumb, Bitfinex, and Bittrex.
5. How Can I Buy Vechain on Coinbase?
Unfortunately, Vechain is not supported by Coinbase.
If you are sure that you want to try your luck with crypto, then you must take the bet with Vechain since it is one of the most promising cryptocurrencies in the market at this very moment. VeChain has got a solid foundation with a great team with sound tech knowledge.
It is very important to remember your passkey and be able to clear your 2FA process because, with some exchange platforms, the damage is irreversible if you forget. Lastly, you can always come back and refer to this article if you feel you are not quite sure how to buy VeChain on Binance.