A Step-by-Step-Guide on how to buy VeChain (VET)
Step 1 – Join Coinbase – Get Free $10 You'll first need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and getting your first $10.
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. VeChain (VET) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate VeChain (VET) As soon as your deposit has been affirmed, you'll directly have access to your funds and you can commence purchasing and trading. To invest in VeChain (VET) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To discover VeChain (VET), you'll need to put the shortname of the coin (VET) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we've marked this too. Click on “VET/BTC” to advance.
Step 4 – Acquisition of VeChain (VET) Once you've found VeChain (VET), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff VeChain (VET) was traded for. You can change this to your desired rate. The ”Amount” field is the quantity of VET you want to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the complete quantity of VET. When you are satisfied, make a mouse click on “Buy VET”. Your order will be filled as soon as a Vendor trades their VET for the price you introduced.
Step 5 – Withdraw VeChain (VET) Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer time frame. In order to withdraw your VeChain (VET), go to the ”Funds” tab and click on “Withdraw”. VeChain (VET) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate VeChain (VET) by using the provided drop-down box. Enter the amount of VeChain (VET) you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. When you're glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.