A Step-by-Step-Guide on how to buy VeChain (VET)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and receive Ethereum or Bitcoin.
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. VeChain (VET) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find VeChain (VET) As soon as your deposit has been verified, you will directly have access to your finances and you can start buying and trading. To buy VeChain (VET) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to discover VeChain (VET), you will need to put the cointype (VET) into the search-box, which is highlighted in the image. Make sure you have selected the correct pairing, we have highlighted this also. Click on “VET/BTC” to proceed.
Step 4 – Buying VeChain (VET) Once you have found VeChain (VET), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're creating our Limit Order. The ”Price” field will be filled automatically with the recent rate VeChain (VET) was traded for. This can be changed to your favoured rate. The ”Amount” field is the volumen of VET you like to purchase. The ”Total” field is the aggregated price in BTC that you'll settle for the whole volumen of VET. When you are glad, make a mouse click on “Buy VET”. Your order will be filled as soon as a Vendor trades their VET for the price you offered.
Step 5 – Withdraw (VET) VeChain Unless you are frequently trading, you should never keepyour coins on an Crypto Exchange for an extended period of time. To withdraw your (VET) VeChain, hover over the tab called “Funds” and mouse click on “Withdraw”. (VET) VeChain can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (VET) VeChain by using the provided drop-down box. Enter the volumen of (VET) VeChain you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you are happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a take off.