Where to Buy VeChain (VEN)? How to Buy VeChain (VEN)?
For those who are totally new to VeChain (VEN), it was previously a subsidiary of China’s biggest blockchain company BitSe. That makes it a brother to the QTUM Foundation, Blockchain & Infrastructure. If you are planning to buy and invest in VeChain (VEN), you are looking for some action. The price of VEN will further rise in anticipation of exchange launches. Want to buy VEN for long-term profits? Here goes the step-by-step guide on how to buy VEN coin and where to buy VEN coin.
What is VeChain (VEN)?
VeChain was designed in Q2 of 2015. Since then it has rolled out multiple smart contract templates and its VeChain smart chip, which will be used to track all products on the blockchain.
Using blockchain technology, VeChain makes it simple and secure for product manufacturers to collect, manage and share important product data with vendors and consumers throughout the lifecycle of a product.
VeChain’s vision is to create greater market transparency and provide consumers with access to more detailed information about the products they buy, sell and interact with.
VeChain focuses on four areas: anti-counterfeiting, supply chain management, asset management and client experiences. By putting unique IDs on the blockchain and embedding each product with an NFC (Near Field Communication) chip, RFID (Radio Frequency Identification) tag or QR (Quick Response) code, all of which can verify whether an item is genuine or not, VeChain provides an opportunity for different enterprises to easily create, manage, maintain and update shared data.
Services Offered By VeChain
API Gateway Service
This is an AWS services that enable developers to create, publish, monitor, maintain, and secure API at any scale. The API gateway is usually considered the backplane when it comes to connecting AWS services and other private and public websites.
Third Party Services
The company has put concrete systems and structures in place that enable them to offer third party services. Therefore, if you are searching for a reliable company to handle financial transactions of your company, then Vechain will offer quality services at a very reasonable price.
Distributed Data Storage
VeChain offers distributed data storage where they store information in more than one node.
Why VeChain Has Huge Potential in Blockchain?
They Are Transparent And Efficient, VeChain believes in giving clients quality services that even go beyond their expectations. They believe in giving their clients the best services, and that is why they have put in place very concrete structures that foster efficiency and transparency. The company is very open to all their clients and don’t do things in secret. They ensure that they consult their clients on a regular basis to ensure that they give them quality services.
They Have Branches Across The World, VeChain has branches all over the world. The main aim is to bring their services closer to their clients. The company has grown very fast because it has always delivered to their client’s quality products and information. The ever-increasing demand for their services has prompted the company to expand and open branches all over the world to serve their ever increasing client base.
Experienced And Highly Skilled Staff, VeChain takes pride for having one the best staff in the industry. Their staff members are not only well skilled but they are also experienced. They work for more than the normal hours to ensure that they are able to meet the current problems facing the market. They usually conduct various adjustments on their system to ensure that they address and satisfy the needs of their customers.
Attempts to explore VeChain’s clients will produce a pop-up that indicates that its platform is still in development. The roadmap shows that this company has already brought high-end retailers on board and Version 3.0 will go live in Q2 2018.
By the end of 2018, VeChain should be ready to handle large-scale industrial and agricultural applications, implement a commercial environmental system, and integrate the Internet of Things.
Vechain does indicate that the platform will be able to provide services for greater supply chain transparency, agricultural applications that rely on real-time data, logistics companies that rely on predictable transportation and storage to function, municipal governments that worry about inefficiencies that drain limited funds, and the food and drug industries that worry about the integrity of their supply chains.
Where to Buy VeChain (VEN)?
At the time of writing, VEN is available on Binance, Lnank, Liqui, Gate.io, HitBTC, EtherDelta, Kucoin, and COSS.
If you are new and would like to know how to purchase some VEN, it is not that straightforward to just deposit your fiat currencies and buy them on these platforms.
VeChain (VEN) now is available for trading on Binance, which can be traded with USD, BTC, and ETH.
Binance is the world’s leading bitcoin exchange. It offers platforms for trading and for providing and receiving financing. It was the first exchange in the world to implement real-time proof-of-reserves via segregated customer wallets and boasts some of the best security features in the industry.
However, you can send bitcoin to the above-mentioned exchange accounts and buy VEN with BTC.
If you are totally new in this, please refer to the following steps to get your first VEN coin.
How to Buy VeChain (VEN)?
Step 1: Create a Coinbase Account to Get bitcoin
There are many ways to buy bitcoin. Perhaps the easiest way is through Coinbase. Go to the Coinbase Signup Page and fill in your first name, last name, email and choose a password.
The registration is quite straightforward. Once, you hit “Create Account”, then you just need to verify your identity (eg: pictures of your driver’s license, etc). Once your account is created and verified, you’ll need to add a funding source like a bank account and/or a debit card. Once this is set up, you can buy some bitcoin.
Many people have the wrong impression that they must buy one full (unit) of BTC. In fact, you can buy even a small fraction of BTC (e.g. 0.05).
The reason I encourage my readers to buy BTC from Coinbase because you will get $10 free BTC once you trade your first $100 through Coinbase.
If you are buying bitcoin via credit card, Coinbase will post two small charges on your credit cards. All you need to do is to verify these charges through your credit card’s recent transaction history and confirm them on Coinbase dashboard.
Step 2: Create a Binance Account
Create an account with Binance by going to their registration page.
The registration process in Binance is super fast & easy. Less can be said about interpreting their dashboard, but it’s not the worst. Once, you’re approved here, we’ll get to the good stuff.
Step 3: Transfer BTC to Binance
Go to Binance “Funds” and “Deposit” from on the top right menu.
Here, you’ll see a list of currencies and you need for “Bitcoin.” When you find Bitcoin, click the “Deposit” icon to open a lightbox in which you will generate a Bitcoin Deposit address. Once you’ve done this, copy that long string of letters & number.
Now, go back to Coinbase. Here, you’ll navigate to the Send/Request tab. Now paste the Bitcoin deposit address you got from Binance into the “Destination” box and type in the amount of Bitcoin you want to send. You can opt to either move all of your Bitcoin or some fraction.
Just one click and your funds should be on their way to Binance. It will take a bit of time, perhaps 15 minutes or more, for your BTC transfer to complete.
Step 4: Trade Bitcoin for VEN Token on Binance
To trade your BTC for VEN :
- Check the price of VEN in real time (1-minute), and when you are happy with the price, say 0.00008638 (VEN/BTC) as shown in the below figure.
- Click the “Limit” and change to “Market”. This means you are calling the platform to generate the latest bid price.
- Then, key in the number of VEN you want to buy.
- Click “Buy VEN”.
You just exchanged Bitcoin for VEN. Be aware that there often isn’t much VEN for sale at the very lowest price, so you may need to repeat steps 1-3 a few times until all your Bitcoin is exchanged.
You then can check your wallet again and see the amount of VEN you have just purchased.