Finding the best cryptocurrency among hundreds of options out there is challenging for investors. While some crypto assets are easy to obtain, others like VeChain, are not since only a few platforms list them for purchase. Note that many investors want to put their money into VeChain investments because of its amazing features, including compatibility with smart contracts and decentralised apps.
So, are you wondering where and how to buy VeChain? Follow our ultimate guide below as we explore this and more to ensure you are fully prepared to kickstart your investment ventures.
In this guide
Top 3 Brokers for Buying VeChain
If you are a beginner in the cryptocurrency space and would like to kickstart your investment venture using VeChain, note that you need a reliable cryptocurrency broker or exchange to get started. Unfortunately, the UK market hosts plenty of cryptocurrency brokers or exchanges but only a few list VeChain for purchase.
This means that conducting research to find the best broker for buying Vechain can be overwhelming and time-consuming. For this reason, we did all the legwork to simplify your research processes, and below are our top three brokers based on multiple tests and comparisons.
Keep in mind that these three cryptocurrency brokers or exchanges for buying VeChain are regulated by the Financial Conduct Authority (FCA). They have varying features, so ensure you compare them to select the best for your investment needs.
1. eToro
eToro is an excellent choice for investors looking to put their money into VeChain investment. This is because the broker has an excellent track record and hosts excellent resources to maximize your potential. For instance, using the broker exposes you to plenty of learning materials, copy, and social trading platforms. In addition, it has a straightforward account registration procedure, and you only need $100 to get started.
Unfortunately, eToro does not list VeChain yet. However, you can use it to purchase cryptocurrencies* that are required as a base currency to purchase VeChain. The best element about eToro is that you get to store purchased base currencies in its in-built wallet and quickly complete your purchase from exchanges listing VeChain. On top of that, users can invest in other cryptos and assets eToro lists to diversify their portfolios.
*Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
✔Low minimum to fund an account and begin investing
2. Coinbase
Coinbase is a cryptocurrency exchange that has proven to be reliable and trustworthy for UK cryptocurrency investors. Like eToro, its platform is user-friendly, thus attracting all types of investors. Moreover, it has an in-built crypto wallet to use for storing your base currencies so you can easily complete your VeChain purchase. With the exchange, you can access numerous crypto assets, including Bitcoin, Ethereum, Ripple, Dogecoin, etc., for portfolio diversification.
Note that Coinbase is safe and has its transactions monitored 24/7. Its charges are low, and you have access to quality resources for skills and strategy development. Besides using the Coinbase wallet, the exchange is compatible with external wallets you can connect with and easily access VeChain to complete your purchase.
✔Two-factor authentication
3. Crypto.com
Crypto.com offers you an opportunity to buy VeChain using crypto assets and fiat currencies. Besides VeChain, you also get access to over 250 cryptocurrencies, which you get to trade using your preferred fiat currency among the 20 listed on the exchange. Moreover, the exchange has a Crypto.com Visa Card that you can use to manage, spend, and access your funds anytime. Crypto.com is a user-friendly exchange; you can access it via desktop and mobile devices.
Crypto.com fees for VeChain investment are relatively low compared to what most exchanges charge. For instance, you can send other Crypto.com App users digital assets at no fees. If you connect an external digital wallet to the exchange, transferring your purchased crypto assets to the wallet attracts low fees. It is an exchange with a wide selection of assets fit for low-budget traders. The best part about it is that it ensures you get price movement alerts through notifications so you can easily track your positions and take advantage of potentially profitable opportunities.
✔Earn daily rewards on your balance, no lock-up period
How to Buy* VeChain With eToro
The above three cryptocurrency platforms will maximize your potential when buying VeChain. All you have to do is master the right procedures for buying VeChain, and you are good to go. If you are a beginner, we take you through how to buy VeChain below using eToro as an example. You can apply this process to any credible cryptocurrency broker or exchange that meets your investment requirements.
To buy VeChain using eToro, you first need to create an investment account with the broker to purchase the tokens you will use to buy VeChain. We help you gain quick access to eToro’s website by sharing the broker’s links on this page. Before you register for an investment account, ensure you understand eToro’s terms and conditions. Also, consider downloading and installing eToro’s trading app on your mobile device to easily invest on the go.
Once you are ready, click “join now” on eToro’s website to begin the account registration procedure. Note that account registration is pretty straightforward and takes a few minutes to complete if you provide accurate personal details, including your name, email, phone number, date of birth, etc. As eToro’s standard protocol, you must also create a username and password for your account’s increased safety. Most importantly, you will verify your personal details by sharing copies of your ID card, passport or driver’s license and a utility bill or bank statement.
To buy VeChain from the exchanges that list it, you must have a crypto wallet holding your preferred base currencies. The wallet must be within the VeChain blockchain, so ensure you conduct thorough research should you decide to overlook our recommended ones above. Note that the platforms above can be connected with various external wallets that suit your investment needs.
The above-recommended broker and exchanges will only be useful when buying cryptocurrencies required as base currencies to purchase VeChain. Therefore, once you create your account with either of them, proceed to buy your preferred cryptocurrency, whether it’s Ethereum, Bitcoin, etc., and store them in your crypto wallet connected to the platform.
Once you set up your wallet and connect it to the exchanges that list VeChain, you are free to search for VeChain coin using the ticker VET and swap it with your crypto asset required as a base currency. As mentioned above, the token is listed on a few exchanges, and you must conduct thorough research to find the best.
*Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.
Tips on How to Choose the Best Broker to Buy VeChain
When engaging with cryptocurrencies, it’s crucial to recognise that these digital assets are characterised by their extreme volatility and speculative nature. This can result in swift and substantial price fluctuations. To safeguard your crypto holdings, it is imperative to utilise reputable wallets and exchanges, prioritising the security of your investments.
Also, exercise vigilance and due diligence to guard against crypto-related scams and fraudulent schemes that can potentially threaten your financial well-being. You can also spread your investments across multiple digital tokens and avoid making decisions based on emotions.
When looking for the best broker to buy VeChain in the UK, various elements must be considered to ensure you find the best. Since the research procedures can be lengthy and overwhelming, we took it upon ourselves to do all the legwork and list the best three platforms above to choose from. However, if you do not find a suitable broker or exchange from our recommendations, here are essential factors to consider when searching for one.
It is crucial to ensure the platform you are investing with is safe and trustworthy. To avoid falling victim to scammers, choose a broker that is licensed and regulated by the Financial Conduct Authority (FCA). With such platforms, your funds are safe, and you get an opportunity to enjoy the best investment conditions.
The broker or exchange you select must host your preferred base currency for buying VeChain. It should also be compatible with your preferred crypto wallet for the best experience. Also, prioritise a broker with additional asset classes to diversify your portfolio and limit your chances of incurring massive losses.
The best investment platform should have an intuitive user interface to give you the best experience. It should also suit your skill level and offer tools that make you trade or invest with ease. For instance, expert traders looking for advanced features to maximise their experience in VeChain investment should consider advanced platforms. In contrast, newbies should start trading using the standard platforms to develop their skills.
Furthermore, the best platform should have a demo account to experiment with how VeChain investment works without risking your money. A demo account is the best platform to try new markets and identify the ones with the potential for profits.
Investing in the crypto market is risky since it is highly volatile and assets’ prices keep fluctuating. In this regard, having a budget and limiting your investment expenditure is crucial to avoid overspending. With your budget, you can easily find an affordable cryptocurrency broker or exchange and invest stress-free. Some of the fees or charges to look into include commissions and spreads, inactivity fees, deposit and withdrawal costs, minimum deposit requirement, etc.
A broker with reliable support service is worth investing with since you are guaranteed quality assistance in case you encounter any challenges while investing in VeChain. Remember, some support services are available 24/7, while others can be contacted only five days a week. Therefore, ensure you find a platform with support service availability that aligns with your trading schedule.
While it is crucial to find a cryptocurrency broker or exchange that suits your investment requirements, consider what other investors have to say regarding their experiences. In this regard, analyse their reviews and testimonials on Google Play, the App Store, and Trustpilot to make the best decision.
VeChain Price Today
VeChain was launched in the crypto market in 2015, and since then, the token’s value has kept fluctuating. Although you shouldn’t depend on VeChain’s historical price to predict its future performance, doing so gives you an insight into how its value might turn out.
Below is a live chart to ease your market analysis procedure and help you decide on the best time to make an investment move. This live chart not only displays VeChain’s current value but also historical prices for more effective analysis.
About VeChain
Established in 2015 by Sunny Lu and Chengpeng Zhao, VeChain is a blockchain technology project that was created to link products to consumers. It provides businesses with blockchain-enabled solutions so they can easily manage the supply chain and other business processes. This network features two tokens, including the VeChain Token (VET token) and VeChainThor Energy (VTHO). With VET tokens, users can hold value across the Vechain network, whereas VTHO is used as gas to initiate smart contract transactions.
So far, VeChain has grown exponentially to become one of the most trusted names in the blockchain space. With a primary focus on product authenticity, many consumers across various industries consider it as their trustworthy blockchain. Note that VeChain token (VEN) started operating on the Ethereum blockchain, but in 2018, the company transitioned into its own blockchain. Today, the token functions on the VeChainThor (VET) blockchain, formerly known as VEN blockchain.
Over the years, Vechain has partnered with various companies to ensure it achieves its goals and stays ahead of the competition. It plans to be a leader in the blockchain space, making it a considerable investment. Simply put, VeChain has growth potential and could possibly be a good investment. However, it is crucial that you conduct further research on the token to ensure you are making a potentially profitable investment.
FAQs
Yes. Although cryptocurrency investments are highly risky, VeChain is one of the assets with massive prospects for further growth. This means that investing in it now could earn you good profits in the long run. However, it is crucial that you conduct further analysis on the asset’s value to ensure you are making the best decision.
You can buy VeChain via a reputable broker or crypto exchange supporting the token. With only a few exchanges listing the asset, it is challenging for investors to find suitable ones. That is why we recommend the top three platforms above and take you through the proper procedures for buying VeChain to help you easily get started.
VeChain’s value is still low, and you can invest in the asset with any amount you can afford as long as you are confident with your decision. Since the cryptocurrency market is volatile, predicting VeChain’s future value can be challenging. Therefore, always invest with amounts you are comfortable losing.
VeChain coin was officially launched in 2015 and started trading in 2017 at the price of $0.24. Although its value keeps fluctuating, VeChain continues to partner with various companies and take measures to increase its revenue.
At the time of writing in 2023, VeChain coin is 8 years old, considering that it was launched in 2015 and started training in 2017. You can purchase it via a reputable and reliable broker or crypto exchange supporting the token.
Conclusion
Now that you are familiar with how to buy VeChain, we believe that you are now ready to make your first investment. Our recommended platforms above will offer you the best experience to maximize your potential in the cryptocurrency space. You simply have to identify the one with features that meet your investment needs.
Overall, VeChain has a high growth potential, especially since its blockchain platform targets numerous businesses and industries. However, you still need to conduct additional research on the asset and create solid strategies that increase your chances of succeeding.
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25,000 hours of testing 70+ brokers. Our recommended broker is Pepperstone.
Our recommended broker is Pepperstone.