🟠 How to Buy VeChain (VET) in the UK

Released in 2017, VET is one of the most popular coins in the crypto market. The coin was launched blockchain project VeChain. VeChain aims to be an enterprise-focused blockchain network for collecting, storing, and sharing product details with retailers and consumers.

Despite VeChain's popularity, the asset is not listed on every crypto exchange platform. For instance, popular platforms such as Kraken and Coinbase do not offer VET trading. This article outlines other top-tier crypto exchanges where you can buy VeChain in the UK. Readers will also learn how to complete the purchase easily and quickly.

A quick guide on buying VeChain in the UK

The easiest and fastest way to get VET online in the UK is through the Binance exchange. This exchange is one of the most trusted and highly visited, so many crypto holders and newbies in the crypto market prefer this destination for getting coins. You can instantly buy VET with GBP on Binance in a few simple steps outlined below. 

1. Register an account on Binance and/or enter it.
2. Complete the KYC registration process.
3. Go to the "Buy Crypto" tab and choose GBP as your preferred currency.
4. Choose the "Buy with Credit/Debit" card option.
5. On the next screen, select VET as the currency to receive.
6. Input the purchase amount and click "Continue."
7. Provide your card details on the next screen.
8. Click "Continue" to review the transaction details.
9. Complete the purchase by authorising your bank card.
10. Once confirmed, Binance will add the purchased cryptocurrency to your Spot Wallet balance.

How to buy VeChain (VET) with Other Cryptos

If you hold other cryptocurrencies and want to convert them into VET, you can check out exchange platforms that support this option. Buying with other cryptocurrenciesalso comes in handy for large transactions that may exceed your card limit.

Binance

The process of purchasing VET on Binance for other cryptocurrencies differs slightly from the one described above. In this case, you'll first need to move the assets to Binance. Binance allows for swapping any of the following cryptocurrencies in exchange for VET: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance USD (BUSD), and Binance Coin (BNB). 

From this point on, we assume you're already registered on Binance and have also completed the KYC process.

1. Go to your Binance Fiat & Spot Wallet and select the deposit option.
2. Choose the currency, and you will see a generated address to send coins to.
3. Once you receive the coins to your Binance account, click the Trade button in the upper navigation bar and choose Convert.
4. On the next screen, enter the coin to exchange in the "From" column. Enter "VET" in the "To Column"
5. Input the amount to convert and click Preview Conversion. 
6. Preview and complete the conversion.
7. Binance will add the purchased VET coins to your wallet balance.

Supported Payment Methods: Credit and debit cards, bank wire transfers, and other cryptocurrencies.

Indacoin

Another online exchange where to buy Vechain is Indacoin. It offers to purchase dozens of cryptocurrencies with a bank card in less than 60 minutes. Visa and MasterCard holders can select VET among other coins on the purchase screen. The process is also relatively straightforward.

1. Register on Indacoin and complete the KYC process.
2. Go to the Coin purchase page.
3. Select VET as the coin to purchase and choose GBP as your preferred currency.
4. Input the purchase amount and review the details.
5. Provide your card details to complete the transaction.
6. Purchased VET tokens will show up on your Indacoin account balance within a few minutes after you complete the payment.

Supported Payment Methods: Credit and Debit Cards (Visa/Mastercard).

BC Bitcoin

BC Bitcoin is another crypto exchange where people buy VeChain tokens with GBP. BC Bitcoin is registered in Hertfordshire, UK, and has been in the exchange business for nearly a decade. The procedure is as follows:

1. Press the green Buy coins button in the upper menu.
2. Select the VET coin from the list.
3. Choose one of the banking options.
4. Select the currency (GBP and EUR).
5. Enter the amount to spend.
6. Provide your wallet address and additional wallet information if necessary.
7. The page will automatically calculate transaction costs, fees, and the total amount to spend on coins.
8. Review and approve the transaction. Send payment and wait for the receipt of the coins.
9. The coins are usually delivered within minutes after payment confirmation. The average commission per transaction is 4%.

Supported Payment Methods: Credit and Debit cards, SEPA, and UK Faster Payments

Changelly

Changelly is also a popular option for investors who want to buy VeChain in the UK. The platform supports over 160 cryptocurrencies and makes exchanging simple. Although Changelly doesn't directly execute others, it aggregates offers to ensure investors get the best possible price. 

Here's what the process looks like

1. Go to Changelly.com and signup for an account.
2. Select the Buy option.
3. Choose your GBP as your preferred currency and VET as the coin to receive.
4. Click Buy to review the offers on the next screen (either MoonPay or Simplex)
5. Choose your preferred payment method.
6. Provide your VET wallet address and agree to the platform's Terms of Use.
7. Authorize the bank or card transfer (includes KYC process for first-time users)
8. Once completed, you will receive the VET tokens at the designated address. This usually takes 30 minutes or less.

LiteBit

LiteBit is one of the oldest cryptocurrency exchanges, having launched in 2013. The platform supports trading over 100 tokens, and VET is on the list. Given the platform's reputation, buying VeChain on Kraken is safe and easy. Here's how to do it. 

1. Register at LiteBit.eu
2. Complete the KYC process.
3. Go to the Buy VeChain page.
4. Input the desired purchase amount.
5. Choose your preferred payment method.
6. Review the purchase details and complete the trade.
7. Once confirmed, LiteBit will add the purchased VET to your balance.

How to buy VET with other cryptos

Unlike buying VET with PayPal, which is not that popular, most exchanges that list the VeChain token trade it in pairs with other cryptocurrencies. Consequently, it is possible to buy VET if you have any other assets in your balance. The purchase process is usually as described below:

1. Create an account on the exchange or access the existing one.
2. Deposit the cryptocurrency you want to exchange.
3. Find the Trade or Exchange page.
4. Find suitable VET pairs, e.g., VET/BTC, VET/ETH.
5. Trade the deposited coins for VET on the exchange.

There might be slight differences depending on the exchange used, but this is a general step-by-step guide applicable to many platforms. 

Things to consider before buying VeChain

If you plan to buy VeChain, there are several things to consider:

• VeChain has two native tokens, so ensure you purchase VET instead of VTHO.
• Analyze the demand and perceived utility to understand its long-term potential.
• Think of the risks involved and research the project's recent milestones and upcoming roadmap. The objective is to detect events that might catalyse rapid price increases or declines.
• Compare prices and fees on several exchanges to get the best deal.
• Prepare secure storage for your VET coins to withdraw from the exchange.

Where to store VET

There are desktop, mobile, exchange-based, hardware, and many other wallets developed to store cryptocurrency. However, every coin is unique and may not be supported by your preferred wallet solution.

Web and mobile wallets are not safe places for crypto storage due to the possibility of being hacked. Also, although you can get an instant wallet by registering and buying VET on most exchanges, this should only be a temporary option.

Experts advise the following more reliable and protected wallets supporting VeChain coins:

1. Atomic Wallet (Desktop & Mobile Wallet);
2. VeChainThor Wallet (Mobile Wallet);
3. Ledger Nano S Plus (Hardware Wallet). 

The core VeChain team developed the VeChainThor Wallet for iOS and Android mobile devices as part of the VeChain ecosystem. Ledger Nano S Plus is a highly popular and trusted hardware wallet that supports hundreds of different cryptocurrencies and is considered one of the most secure storage devices in the modern world.

Privacy and security tips

Buying cryptocurrency is a challenging process since it involves financial and personal responsibility. Therefore, it is important to remember several important things to keep your details confidential and secure:

• Choose only trusted and popular banking options.
• Double-check cryptocurrency addresses before transferring funds.
• Don’t ignore additional security measures like 2FA, even if you don’t plan to store coins there for a long time.
• Use VPN browsers or the Tor security network to protect your personal information.
• Carefully select the exchange to buy coins and read users' reviews: avoid new and low-rated platforms.

Conclusion

Buying VET in the UK is possible, and several popular exchanges offer this service. This article provided information on the most exchanges for investors to buy VeChain in the UK. We also provided a step-by-step guide on how to do it on the listed platforms. Ultimately, we hope you have a seamless experience buying and holding VET long enough to realise tangible profits.