Transparency is important in businesses, especially in business transactions. This is where VeChain comes into the picture. It is an enterprise blockchain platform that aims to provide a full view of an organization by disintermediating information from data silos (a data silo is a container of data that is controlled by one department or business unit and is isolated from the rest of an organization).
The VeChain platform provides a panoramic view of all the important information linked to a product and its business processes, such as storage, transportation, and supply to authorized stakeholders while creating greater market transparency. This makes it appealable. So, in this guide, we’re providing you with everything related to how to buy Vechain.
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How to Buy VeChain?
Note: In this guide, we explain the buying process using BuyUcoin, a crypto wallet and exchange platform from India.
Step 1: Open the web browser on your laptop or PC, and Google “BuyUcoin.”
Step 2: In the top right corner of your screen, click “Sign Up” and enter your email or password, or you can use “Sign Up with Google” easily.
Step 3: Once you are done with the registration, you will need to go to your profile section and verify your email with a one-time password (OTP) or email verification link that has been sent to your email.
Step 4: When your email verification is done, you must verify your identity through know your customer (KYC). Click KYC > Start from your dashboard, read the document requirements, and click Continue.
Step 5: After clicking Continue, upload the required documents, such as your PAN and Aadhar cards, and fill in the required details. Finally, click on submit, and you’re done with your KYC.
Step 6: Use manual deposits to add your primary bank and UPI to your BuyUcoin wallet. To do this, click on the wallet and add the amount and valid UPI.
Step 7: Lastly, there are two primary ways to buy VeChain: the Spot market and EZ/OTC. EZ/OTC makes it easy to buy VET. So, go for it.
What is VeChain (VET)?
Founded in 2015, VeChain’s prime work was smoothing out supply chain-related issues and easing business information management using distributed ledger technology (DIT).
This platform used smart chips to track all points related to a supply chain flow. These smart chips are connected to its distributed ledger for maximum security, reliability, and transparency. The best example is in its partnership with Renault, an automobile manufacturer, where VeChain created a digital car maintenance book that cannot be tampered with. This resulted in highly secured, potentially sensitive repair data.
It has two currencies, VET and VTHO. The VET currency is used to carry value or “smart money” from smart contracts. Anyone can buy and invest in it. The VeChainThor Energy token, or VTHO, is used to make transactions on VeChain’s blockchain.
Where To Buy VeChain (VET)
You can buy VeChain through cryptocurrency exchanges worldwide. However, we advise you to be aware of the history and the current exchange rate before buying. This will provide you with more clarity regarding the purchasing decision.
Featured Partners
1
Mudrex
Legacy
Over 2 Million Investors Trust Mudrex for Their Crypto Investments
Security
Mudrex is Indian Govt. recognized platform with 100% insured deposits stored in encrypted wallets
Fees
Enjoy zero crypto deposit fees and industry's best fee rates.
On Mudrex's secure application
2
BlackBull Markets
Multiple Award-Winning Broker
Listed On Deloitte Fast 50 index, 2022 Best Global FX Broker - ForexExpo Dubai October 2022 & more
Best-In-Class for Offering of Investments
Trade 26,000+ assets with no minimum deposit
Customer Support
24/7 dedicated support & easy to sign up
On BlackBull Market's secure website
Please invest carefully, your capital is at risk
Is VeChain (VET) worth it?
Yes, due to a strong technological foundation, VeChain has the potential to be a good long-term investment. So, if you’re considering investing online and through cryptocurrency, VeChain (VET) is for you.
Frequently Asked Questions (FAQs)
Will VeChain rise in 2024?
After analyzing VeChain’s past performance, it can be inferred that it may rise in 2024 and beyond. However, accurate future prediction of any investment vehicle is impossible and unwise. If you’re looking to invest in VeChain, you must conduct thorough research and invest after evaluating your risk appetite.
Can I buy VET via P2P Trading?
Yes, you can buy VET through P2P trading. First, select your preferred advertiser with your ideal USDT price listed on the Bybit P2P platform. Then, proceed with the payment process.
Can I buy VET With a debit or a credit card?
Yes, you can easily purchase VET with your debit or credit card. For this, you have to first Sign up for a Bybit account, or log in if you already have one. Then, you can easily buy stablecoins or BTC directly.
