Buy Vechain (VET): how to do it
Published: 29 April 2021 by Andrew
Vechain’s goal is to create a corporate organizational ecosystem to ensure a transparent flow of information and allow you to trace the origin of each product. The fields of application are endless, but is this enough to decide to buy Vechain? Or is the functioning of the system unrelated to the price of the cryptocurrency?
In functioning of the ecosystem it is connected to the cryptocurrency which acts as a “propellant” but the increase in the price of Vechain is based on many other factors that could influence its performance.
In our guide we will go to dissect them all but now we want to answer an elementary question:
How do you buy Vechain? Just follow these 4 steps:
- Register with a regulated CFD Broker like eToro
- Make the minimum deposit required
- Verify that he has Vechain on his platform
- Decide how much to invest in the operation
Thanks to CFD Brokers you can buy Vechain without paying commissions, speculating on the price fluctuations of this cryptocurrency.
Here is a list of the best cryptocurrency trading platforms on the market, choose your favorite, they are all regulated:
Min. Deposit: 50€
Min. Deposit: 100€
Min. Deposit: 50€
Min. Deposit: 250€
Min. Deposit: 100€
72.30% of retail CFD accounts lose money
Min. Deposit: 250€
Vechain Crypto: what is it?
Vechain is a blockchain-based system designed to improve supply chain management in business processes.
It was created with the aim of managing information, making it safe, transparent and immutable through the use of a distributed register.
Before continuing it is fair to say that Vechain uses two tokens, in addition to VET (VeChain Token), which represents the cryptocurrency used in the network, there is also VTHO (VeChainThor Energy) which is the energy that powers smart contract transactions.
But if we talk about investing in cryptocurrencies and speculating on the markets, the token we will consider is VET.
Vechain: little history
Vechain was born in 2015 from an idea of Sunny Lu, who worked for Louis Vuitton China.
His link with fashion led him to try to make the traceability of the origin of products immutable, which would have helped slow down the spread of the fake market, which damages fashion all over the world.
Vechain was initially based on the Ethereum network, but later the cryptocurrency made its own blockchain.
Over the years Vechain has entered into agreements with various companies to improve product traceability and provides solutions to major industry brands such as Renault.
How to Buy Vechain
Investors are very interested in the ecosystem created by Vechain and for this reason the price of the cryptocurrency has risen a lot in recent months, bringing this crypto among the top 15 by market capitalization.
So let’s see how to buy Vechain by analyzing the most used intermediaries ever: Cryptocurrency exchanges and CFD brokers without commissions, here is a table showing their main characteristics:
|Cryptocurrency Exchange||CFD Broker|
Summarizing further we can say that:
- Exchanges are expensive (there are commissions to pay), risky (they suffer frequent cyber attacks) and allow you to earn only if prices rise.
- CFD brokers, on the other hand, are regulated and safe, there are no commissions to pay and there is also the possibility of earning when prices fall.
Buy Vechain with best platforms
As you may have noticed, CFD brokers are more convenient, especially if you want to trade online and speculate on the continuous price changes of cryptocurrencies.
Buying Vechain with these intermediaries is safe and there are no commissions to pay but you must know that you will not really get hold of the cryptocurrencies, so if your idea was that of a long-term investment, you should also reconsider exchanges.
We know that the attractiveness of cryptocurrencies is mostly short-term, they allow you to make very quick and consistent profits, so they are very suitable for online trading with CFD brokers, but which ones to choose?
What matters is that they are regulated platforms. Below we have described the most suitable to buy Vechain, let’s find out together what they are.
eToro is our first choice to buy Vechain because it represents the online broker par excellence, the most widespread in the world and with a CONSOB license for our country.
It offers a trading platform considered very intuitive, perfect for any type of trader.
To buy Vechain with eToro you will need to register with the Broker, access the platform by making a minimum deposit of 200 euros, select the Vechain cypto and click on “Invest”.
At that point you can both buy and sell VET, without paying commissions.
For investors who prefer automatic systems, eToro has patented the famous Copy Trading.
It is a tool that can copy what the best eToro traders do and you will be the one to select them in the “People” area of the platform.
To use Copy Trading you must follow these steps:
- Register on eToro
- In the People section, choose the traders to copy, based on their returns, filtering (if you want) those who invest in cryptocurrencies.
- With a click, Copy Trading will copy the operations of the chosen traders to your account.
- At that point you will get the same returns as these trading experts (in proportion to the investment made), at no additional cost.
Below we show you last year’s returns from some particularly capable traders:
ForexTB has distinguished itself on the online broker market thanks to a service that it offers free to its members.
We are talking about the most downloaded entry level Trading Course ever. An ebook that explains how to approach trading and which strategies to adopt to be immediately profitable.
This is a free pdf, download it now from the link below:Click here and download the trading course for free
ForexTB can show off a regular CySEC license and allows you to use two trading platforms of your choice:
- Metatrader 4 is a platform with numerous tools available, which meets the needs of the most experienced traders.
- The web platform is simple and accessible from any browser, without downloading any software.
How do you buy Vechain with ForexTB? Follow these simple instructions:
- Register on ForexTB
- Make a deposit of at least € 250
- Select the platform you prefer
- Search for Vechain among the available CFDs and click on Buy or Sell
- Decide how much to bet in the operation.
IQ Option is an intermediary that has obtained the CONSOB license in Europe and therefore we can consider it absolutely reliable.
The fame of this Broker has reached every corner of the planet, not only for its modern and functional platform but for a feature that makes it truly unique.
We are talking about the minimum deposit required to open a real trading account: 10 euros.
We didn’t make a mistake, only 10 euros are really enough!
So you will have the opportunity to start investing even by betting a few euros on each single market transaction.
Not only! If you want to start even more cautiously, IQ Option offers a free and unlimited Demo account, to practice without risking absolutely anything.Click here to access the IQ Option Demo account
But how can you buy Vechain on IQ Option? Here are the 4 steps to follow:
- Register on IQ Option
- Make a deposit of at least € 10
- Search for Vechain among the available cryptocurrencies and click on Buy or Sell
- Decide how much to bet in the operation
Is it worth to buy Vechain?
To understand if buying Vechain is worthwhile, we carefully analyzed the project behind the cryptocurrency and the forecasts made by the best analysts in the sector.
The graph below leaves no doubts on investor interest in this crypto but this does not mean that this interest will continue.
According to Roger Ver, also known as “Bitcoin Jesus”, one of the most influential voices in the cryptocurrency industry, VeChain has a bright future.
This expert believes that the Vechain project aims to solve real problems and has already found industrial applications, so the chances of it spreading are very high.
VeChain has found new ways to exploit the blockchain, such as stopping counterfeit goods and making product checks more reliable and efficient.
Another seasoned investor, Tim Draper, joined the VeChain team early last year and this shows how close this cryptocurrency is to the real economy.
The altcoin market is getting bigger and bigger and some of the projects behind these nascent cryptocurrencies will revolutionize the market for years to come.
Vechain is considered one of these projects, which is why there is all this interest in this new digital currency.
The news on Vechain follow one another at an incessant pace and we are not interested in writing the latest news in this guide, they would be old after 24 hours.
Instead we want to show you the news that is influencing the growth of this cryptocurrency which has seen a decidedly rapid and constant price increase in the first months of 2021.
The 200-day exponential moving average (EMA) has been largely exceeded, undermining all the more optimistic estimates of technical analysis.
We cannot expect the trend to continue without any retracement, but even these slight rebounds offer excellent speculation opportunities, allowing you to re-enter the upside from more favorable levels or even make small downward bets following the crypto’s drawdowns.
The price prediction and outlook for the next 3-6 months will be based on a conservative approach, but with cryptocurrencies anything can happen and major price movements can come at any time, so always be ready!
Based on the factors considered so far, the forecasts for Vechain in 2022 are between $ 0.15 and $ 0.40.
Of course, these are the assessments of the major market analysts but the price fluctuations that Vechain could make between 2021 and 2022 can be very large, so you have to be cautious.
Short-term strategies are certainly less risky, while betting on the long term is dangerous, anything could still happen!
The trend we see in the 3-month chart below is strong and stable, but also very fast, perhaps too fast, even for an interesting project like Vechain’s.
There is also the possibility that the market will enter a new downward phase, which would drag a part of the cryptocurrencies with it. You must consider every possible scenario when investing in such a volatile and unpredictable sector as that of crypto.
In fundamental terms, the collaboration that VeChain has with several major companies is certainly a prelude to a very high potential. Hence, this provides a clear understanding of the intrinsic value of this virtual currency, which has become one of the most important in the world in recent months.
Vechain’s project is valid and the interest of investors motivated, but it is a very unpredictable sector so the best way to invest is to make short-term trades and be satisfied with small steady gains rather than hoping for huge price increases that may not materialize.
Fortunately, the CFD brokers we have proposed are perfect for speculating in the short term, perhaps doing day trading, always without paying commissions.
To choose the right broker, we suggest you do some tests in Demo, without risking money, at least initially, and then move on to real trading at a later time, making a deposit to the Broker’s account.
Here are the official links to access the Demo accounts of the best cryptocurrency trading platforms:
- Register for free on the eToro Demo account by clicking here
- Log in for free on ForexTB and try the Demo account by clicking here
- Register for free on the IQ Option Demo account with this link
Vechain is a blockchain project to track the supply chain of a product.
The forecasts of the major cryptocurrency analysts are on the upside, because there is a lot of interest for Vechain in the real economy.
Yes, but the volatility is high and it is less risky to make short-term trades than to invest long-term.
You can use CFD brokers like eToro, which are simple to use and commission free.