VeChain (VET) is listed #27 by market capitalization, so buying such a well-recognized, respectable cryptocurrencies shouldn’t be any problem. In a single day, there is more than $450,000,000 worth of VET transactions. If you also want to contribute to this massive trading pool, continue reading.

Crypto Exchanges vs. Brokers

VeChain (VET) is available on crypto exchanges and brokers, both of which have a few differences.

A crypto exchange is an online platform for buyers and sellers who trade cryptocurrencies based on current market prices. Brokers, on the other hand, enable buying and selling at prices set by the broker.

Exchanger apps tend to be more beginner-friendly. Plus, transactions are executed faster than with brokers because you don’t have to wait for someone to match your proposed price.

Steps to Buy VET on an Exchange

Now, we’ll move on to using an exchange platform and how you can buy VeChain (VET) there. Luckily, the process is straightforward, so you should be able to figure everything out even without the instructions. Get your credit/debit card or bank account ready, and let’s go:

  1. Sign in or create an account if you’re a first-time user.
  2. Locate the “Buy” button on the starter page if you’ll be using a fiat currency or “Exchange Now” if you’ll be using crypto.
  3. Choose the currency you want to spend for VET.
  4. Indicate how much VET you want to get.
  5. Go through available offers and choose the one you like most (the best offers should be tagged and highlighted).
  6. Click “Buy Now”.
  7. Enter your VET wallet address.
  8. Proceed to payment (the steps will vary depending on your payment method).
  9. Within 5-30 minutes, you will get your VET and the receipt.

If you already own some crypto, we recommend using the swap service. Crypto-to-crypto transactions tend to have more favorable terms than fiat-to-crypto ones.

What to Consider Before Buying VeChain

Whether you’re going to use VET on the VeChain network or as a trading/investing asset, there are a few fundamentals you need to understand:

  • Strengths and weaknesses of VET: It is one of a select few crypto projects accepted by major corporations like Walmart China, Pricewatercooper, PwC, Cointelegraph, BMW, LVMH, Moët, Hennessy, and LV. But it has limited use cases (supply chain management), so there won’t be wide adoption from retailers.
  • Factors affecting the price: Keep an eye out on Bitcoin’s price, overall market sentiment, changing regulations, and VeChain’s real-world partnerships.
  • The difference between VET and VTHO: These are different tokens used on the same platform. So, if you want to buy VET, don’t confuse it with VTHO, which serves as gas fees used to confirm decentralized applications.

How to Store Your VET Tokens Safely

Having gone all this way to purchase VET, it makes sense to safeguard it from digital exploits. Here is what you can do:

  • Store your coins in a reliable wallet with no record of hacks and leaks.
  • Change your password regularly (of course, within reason).
  • Use secure Internet and avoid public Wi-Fi networks, especially when you use exchangers or wallets.
  • Enable two-factor authentication for all your accounts, not just those connected to crypto exchanges.
  • Beware of phishing scams via malicious ads and emails.
  • Consider getting a hard wallet if you HODL large amounts of crypto.

Buying cryptocurrencies in this day and age is easier than ever. Anyone can access a multitude of user-friendly, affordable services – so, use this opportunity and fill your wallet with some VET!