🟠 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 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.

How to buy VeChain (VET) with GBP

Buying VET using GBP on crypto exchanges is an easy process. Here are two exchanges where you can execute such trades:

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 orders, it aggregates offers to ensure investors get the best possible price. 

Here's what the process looks like:

1. Go to Changelly.com and sign up 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.

Coinbase

Despite being the largest cryptocurrency exchange in the US, Coinbase has secured an FCA license to operate in the UK. VET is among over 270 crypto assets available on the crypto exchange. It allows users to buy the crypto using GBP. Here’s a step-by-step process to achieve this:

1. Create an account on Coinbase’s website.
2. Select the Buy option on the home screen.
3. Select the Pay with and choose a preferred payment method supporting GBP.
4. Select VET as the crypto to buy and input the amount you are purchasing.
5. Click Review order to confirm the transaction details.
6. Click Buy now to complete the acquisition.

How to buy VeChain (VET) with Other Cryptos

Bitget

Bitget is a Seychelles-based crypto exchange that allows users to buy crypto assets like VET using other cryptocurrencies. Most users employ stablecoins like USDT to facilitate such a trade. Here’s a breakdown of the acquisition process:

• Register and verify your Bitget account.
• Fund the account with as many USDT as you’d need.
• Open the “Trade” section on the Bitget app and click “Convert.”
• Select USDT as the crypto to convert from and VET as the crypto to convert to.
• Review the transaction details and execute the trade.

XT.COM

Known for its crypto trading features, XT.com is a go-to exchange for crypto traders interested in trading over 1,000 cryptocurrencies, including VET. The crypto exchange operates in the UK, alongside other countries. Here’s how to buy VET using XT.COM:

• Create and verify your credentials on the XT.COM platform.
• Purchase some USDT using your desired payment method.
• Go to the “Trade” section and select the VET/USDT trading pair.
• Input the amount of VET you want to buy and confirm the trade.

WhiteBIT

Regarded as one of the biggest European crypto exchanges, WhiteBit offers over 300 crypto assets, including VET. It currently serves more than five million users from its headquarters in Ukraine. Here’s a breakdown of how to buy VET from the exchange:

• Create an account on WhiteBIT and verify it.
• Fund your account with the USDT stablecoin.
• Go to the “Trade” section on the platform and search “VET/USDT.”
• Input the desired ZIL holdings you want to buy based on your USDT holdings.
• Confirm and execute the trade.

Other methods to buy VET

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 about 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

Desktop, mobile, exchange-based, hardware, and many other wallets are 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.