Crypto

Where to Buy VeChain (VET) 

As a creator or as one who is into the Crypto business, you should have one or two times considered where to buy VeChain. If you happen to have thought about this, here are some good answers for you.

Since its ticker symbol changed from VEN to VET in 2018, it has left most people in a question zone. Although, VeChain is a cryptocurrency that isn’t spoken about much in 2022. 

However, it did quietly experience a bull cycle in 2021. The VET price increased by 14 times from its opening price of $0.02 in 2021 to $0.28 in April.

You may however ask, has it corrected back to about $0.03 by the middle of 2022? Is another bull run in its near future? What precisely is VeChain? In this article, we’ll go through VET’s use cases and where to get them.

What is VeChain?

One of the few cryptocurrencies that provide enterprise-level clients in addition to being just a digital asset is VeChain. 

VeChain is a cryptocurrency and smart contract platform with a supply chain management focus that enables companies to attach sensors to their products, which can then collect data and upload it to the VeChain blockchain.

Public blockchain VeChain is designed for “mass adoption by businesses.” The two native tokens offered on the platform are VET and VTHO.

For those who are optimistic about the VET initiative, it is possible to buy VET on the exchanges we evaluated above and hold it as an investment. Although, the whole public is welcome to invest in it.

VET serves as a value increment on the VeChain blockchain. Additionally, it is how customers pay for transactions on VeChain Dapps that leverage the blockchain. While VTHO is used for VeChain blockchain transactions, VET is used to store and transfer value.

A form of “smart money” called the VeChain token (VET) is used to carry value from smart contracts. Transactions involving decentralized applications that take place on the VeChain blockchain employ VET.

Where to Buy VeChain

1. Changelly – Buy VeChain Without ID

Beginners to cryptocurrency frequently use this straightforward in-browser web-based exchange, which was founded in 2016.

Customers can compare current rates with Changelly while buying VET, which aggregates cryptocurrency purchases from reputable fiat vendors including MoonPay, Banxa, Indacoin, Coinify, Mercuryo, Simplex, and Wyre.

When consumers wish to acquire cryptocurrency or exchange any crypto asset for another in a quick, straightforward swap without having to present KYC paperwork, Changelly gives them a wide variety of deposit and withdrawal alternatives.

On Changelly, you can purchase VET privately using a variety of payment methods, including Apple Pay, bank transfers, debit, credit, virtual, or prepaid cards.

2. Crypto.com – Spot & Margin Trade VET

A perpetual futures pair, a VET/USDT pair, a VET/USDC pair, a VET/BTC pair (to purchase VeChain with Bitcoin and sell VET back into Bitcoin), and a VET/USDC pair are all available on Crypto.com.

The VETUSD-PERP pair is best suited for advanced, experienced traders who have used margin and leverage.

The Crypto.com Wallet and Card App now supports VET, letting users to buy it at a genuine price using credit cards or bank transfers in exchange for USD, EUR, GBP, and 20+ other fiat currencies.

Vechain has also been included in Crypto.com’s staking program, allowing users of the exchange to earn up to 2% annually on VET that has been placed and is still held there.

3. eToro – Best Platform Overall to Buy Crypto

eToro, widely regarded as the best and most regulated cryptocurrency platform, hasn’t yet added VeChain but may in 2023 given that it offers over 60 cryptocurrencies.

The FCA, CySEC, and ASIC oversee eToro, which is accessible to most of the world and the United States (being open to Australia too). On eToro, you can purchase Bitcoin, a number of DeFi currencies, and metaverse coins

A wide range of deposit options, including as Paypal, Skrill, Neteller, and more, are accepted in addition to the standard debit and credit cards or bank wire. Ethereum, Cardano, and Tron, which are listed there, are also supported by eToro for crypto staking.

eToro also provides an investment management tool called Smart Portfolios, which offers pre-built investing portfolios based around a specific crypto market sector. This tool can assist users learn to trade and do so with minimal risk.

4. Binance – Trade VeChain at 0.1%

One of the biggest cryptocurrency exchanges, Binance, is renowned for having over 600 of the top altcoins listed and for having a high trading volume and liquidity. 

In November 2017, Binance enabled trading pairs for VEN/BTC and VEN/ETH. There are currently trading pairs for VET against the GBP and the EUR. The Turkish Lira has a pair of VET/TRY as well. 

There are trading pairings for stablecoins called VET/USDT and VET/BUSD. In July 2018, VEN and VET were switched, and afterward, Binance modified all trading pairs.

The maker/taker charge for trading on the Binance platform is only 0.1%, and it is further reduced if you purchase Binance currency to pay the fee and register using a Binance referral link.

With the largest selection of altcoins, Binance is used by more than 100 million cryptocurrency dealers worldwide. You can margin trade VET on 3x cross margin or 5x isolated margin, similar to Crypto.com.

The minimum withdrawal amount on Binance is 40 VET, and the VET withdrawal charge is 20 VET (less than $1).

VeChain Price

As of mid-2022, VET has retraced to as little as $0.024 from the all-time high of $0.28 reached by the VeChain price in April 2021, a 91.5% retracement. The initial VET price in 2022 was $0.082.

The VET price is now trading around $0.03, with a market size of $2.1 billion, making it the #32 largest cryptocurrency on CoinMarketCap.

VET Price Prediction

After November 2021 (when Bitcoin exceeded $69,000), the overall crypto markets started a bear market, which had an impact on the prices of all altcoins. 

VET has had a significant correction and may be due for a rebound to at least test the 21 EMA at approximately $0.06. 

You might want to hold off on investing in VET until there is proof of a clear bullish market structure and a new rise. To achieve a better average entry, think about dollar cost averaging into a position if you do decide to purchase VET.

The fact that 84% of VET’s total supply is unlocked and in use is one positive for the cryptocurrency. There are currently more than 72.5 billion VET tokens in circulation. 

VET Wallets

For newcomers, it is frequently simpler and more direct to store cryptocurrency assets using an exchange wallet rather than a hardware wallet, provided the cryptocurrency exchange has a strong reputation.

However, we suggest that the broker that you can use to purchase VeChain, a specialized cryptocurrency exchange, will be Crypto.com.

To safely and securely store VET tokens and any of the other 250+ coins they have listed so far on their trading platform, they also provide users with their own cryptocurrency wallet, which they refer to as a DeFi wallet because it also facilitates yield farming.  After purchasing VET, you can store your VET coins there for convenience.

Conclusion

Many investors remain bullish on VeChain and are encouraged by the strategic alliances that the VeChain initiative has forged with companies and industries over the years.

Even though the VET price has declined since those days, we can still remember how thrilled the VeChain Reddit was in 2018 about potential agreements with Coca-Cola, the tobacco business, and others. Many of those early investors are likely to have given up.

If you do decide to purchase VeChain, it should be viewed as a long-term investment, and the low prices in 2023 might be a good opportunity to do so.

Consider low-cap cryptos like LBLOCK that will have an easier time increasing in value than of going “all in” on one altcoin.

FAQs

Can I Buy VeChain on Coinbase?

No, you can’t.

Yes, it is.

You can get it directly from Binance.

The VeChainThor Wallet stores VeChain.

VeChain is on VeChainThor (VET) blockchain.

Yes, it is.

Definitely, US residents can buy VeChain.

Sunny Lu, a former chief technology officer for Louis Vuitton China, and Jay Zhang co-founded VeChain in 2015.

This price however would range from $1.37 and $1.19.

No, it is not.

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