How to Buy Vechain 🥇 The Complete Guide 2021
You know how buy VeChain? We recommend that you buy a reliable broker in Brazil, that's why we've made a complete walkthrough teaching you how to make a safe purchase.
As Brazilian brokers do not have the VeChain listed, the best way is to buy VeChain from an accredited International brokerage. It's pretty easy!
Check out our walkthrough now!
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What is VeChain?
VeChain is an international platform that digitizes information to a blockchain layer. Its main function is to track any activity that takes place in the company, that is, a product on the market, event or production process.
In a nutshell, VeChain will gather information about any process chain across the company in order to authenticate all information. For example, if you buy meat from a butcher and have VeChain traceability in its production process, through the blockchain, you will know the authenticity of that meat. Including the date of manufacture, export and so on.
This technology is also used for more sophisticated products, for example, in luxury bags. If you are in doubt about the authenticity, VeChain's traceability technology will identify if the bag is genuine.
The technology is promising and promises to solve trade transparency problems. VeChain's cryptocurrency is called VET and you can buy VET to bet on this new technology.
Advantages of VeChain
The main advantages of this VeChain technology are:
- Ensure transparency in trade relations and product authenticity
- Register the entire process chain of a company
- Gather fair and reliable information for company investors
- Create 100% reliable records of a production chain and ecosystem.
What is the price of VeChain?
VeChain's quote is updated at all times, following market values. VeChain price fluctuation depends on daily trading volume. It is worth remembering that one of the biggest valuations of VeChain happened in 2018.
The VeChain price has been recovering lately but it follows the movements of the cryptocurrency markets. Take a look at the actual VeChain chart to understand what happened to the prices:
Why buy VeChain?
VeChain is a new technology that will help companies throughout the production chain. It is a modern business model and will gain confidence in companies. If you see the potential of blockchain technology and believe it will be used by companies in the future. It's good to buy VeChain, we know that more companies must use the technology, as is the case in China.
This business model known as “trust service” contributes to the good relationship between consumers and companies. Mainly to prevent counterfeiting of branded handbags and luxury products. Perhaps this is VeChain's greatest application, verifying product authenticity.
But the technology goes beyond that, after all the blockchain maps any production chain in the world. In this way the end consumer can understand the origin of your product and its authenticity. This prevents you from buying something illegal, contraband or fake.
Do you understand how the company's production chain and products can be made safer with this technology? If you believe in that future, you can buy VeChain.
How to buy VeChain?
It is very simple to buy VeChain in Brazil, take the opportunity to buy VET at a very attractive price, according to the current quotation. It is very important to use a known and safe broker.
One of the best ways to purchase VeChain is through a credit card, PIX, or eWallet. This way you immediately transfer your money to the broker and can exchange it for VeChain.
But where to buy VeChain in Brazil? By creating an account at Binomo, one of the largest brokers in the world, you will be able to trade the pairs:
- VET/USD
- VET/BRL
- VET/BTC
Follow our step-by-step instructions to open a Binomo account.
- The first step in purchasing VeChain is to open a Binomo account. Go to the registration form on the official website, fill in your email and password. Choose the currency of your choice to make the purchase, such as: dollar, euro or real. Accept the terms and conditions, then click “create account”.
- Once registered, Binomo will send you an email, so open your inbox and confirm your account. Then in the home menu confirm your cell phone.
- The confirmation of your identity will happen at some point while you are trading, so be careful when the broker asks for confirmation immediately with a photo of your document.
- Once registered on the platform, click on “go trade” or “deposit” in the initial menu.
5. Choose from over 18 payment options to transfer your money to the broker.
6. When your money lands at Binomo, you can buy VeChain by clicking on the asset panel.
Please note: If you cannot find VeChain (VET) available for purchase at Binomo, possibly VET will soon enter the broker's cryptocurrency list.
What is VeChain's upside potential?
VET will enter the world's leading cryptocurrency brokerages and exchanges. VeChain has a partnership with China and has developed a traceability project for Chinese products, including blockchain technology that is supported by the government.
VeChain has partnered with many companies that have used blockchain to increase credibility in the market, especially luxury brands that fear piracy and counterfeit copies.
Companies that bet on VeChain
Since 2015, when VeChain was created, it has conquered applications in the market, but it was only in 2018 that some multinational companies used the technology. If you look at the VET/BRL chart at the same time that companies started using the blockchain, you will see the currency appreciate.
For example, Walmart is one of the companies that use VeChain technology to track the chain and origin of each product on the market. Another company that benefits from the blockchain crosses VeChain is BMW, they put on vehicles' odometers.
Louis Vuitton, a company specializing in luxury leather handbags, has blockchain registration to verify the originality of each Louis Vuitton bag.
Another car company that uses the VeChain service is Renault, which created a record on the blockchain to prevent fraud when selling its cars. Anyway, there is a plethora of blockchain applications in companies.
This technology has not reached its full potential, so the price of the VET cryptocurrency can be valued as a boost for its services among companies.
Is it worth buying VeChain?
Yes, we say that this platform has internationally recognized partners and renowned brands in the market. The trend is that more and more companies will be able to use VeChain's services and exponentially the market value and capitalization of VET will increase.
The technology ensures that the production chain and product authenticity are fully transparent. These two factors are essential for International Trade relations, especially imports and exports.
If you buy VeChain with the long term in mind, study cryptocurrency fundamentals, technology and entry points. So, you will make a good purchase!
Final considerations
If you understand the technology behind VeChain, you will likely see the long-term upside potential of VET. This rise in VET is also related to international partnerships and the use of technology in China.
Anyway, if you believe in the currency you can buy VeChain in Brazil by creating an account at the broker we listed. Follow the step-by-step instructions to buy VeChain safely. Remember to confirm your account before making the deposit, this way you can buy securely and ensure that there are no withdrawal blocks.
Frequently asked questions
How much does 1 VeChain cost?
The price of the VeChain cryptocurrency fluctuates according to the cryptocurrency market, as well as supply and demand. This value may vary according to the VET/BRL daily buyer or seller volume, that is, the market value can go up or down at any time.
Where to buy VeChain?
Buy only from trusted and internationally accredited brokers. You can find VeChain available now on Binance or Binomo.
Where to buy VET?
It is possible to buy VeChain at reputable and trusted brokers such as Binomo. Be careful when buying VeChain and any other cryptocurrency. Do not buy from third party sellers, website without credentials or Mercado Livre.