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How to buy Velas (VLX) in the US
Learn how to buy Velas (VLX) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
Where to buy Velas
It looks like VLX may not be available to purchase on an exchange in the US.
You can still purchase VLX by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.
Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.
How to purchase VLX using a decentralized exchange.
- Find VLX on a decentralized exchange and make sure Velas can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for VLX using an exchange like Gemini. You will need to purchase enough ETH to swap for VLX as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
- Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade ETH for VLX on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
- Wait for the transaction to finalize and the VLX tokens will arrive in your wallet.
- You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.
You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.
What to consider when buying VelasVelas has recently announced the implementation of Velas 3.0. It will be formed by dozens of interrelated parts, with the goal of making the blockchain easier to access, more inclusive and more powerful. Although Velas is highly complex and technical in nature, its one-of-a-kind approach, the AIDPoS consensus mechanism and recent network upgrade should warrant users' attention.
- Experienced team. Velas was founded by Alex Alexandrov, a crypto entrepreneur and prominent blockchain explorer. He is also the founder of CryptoPayments, the world’s #1 gateway for cryptocurrency payments.
- Speed. The Velas team claims it can handle a high transaction throughput, of up to 50,000 t/ps. On top of that, due to the underlying capabilities of its delegated proof of stake, it requires up to 80% consensus for block validation, greatly reducing the possibility of malicious actors overriding the system.
- BitOrbit. This is Velas’s new social content platform which includes a XLV wallet, file-sharing capabilities, chat functionality and more
- Built for users, developers and merchants. It's built as a Telegram-style model, although enhancing it with several other capabilities, creating a complete social network.
- New IPFS-powered content distribution platform. Establishes new community governance guidelines to eliminate certain content, and provides a file hosting and sharing platform which users can monetise.
How to sell Velas
You can cash out your VLX with the same exchange you bought it through:
- Sign in to the exchange you have VLX on.
If you store your Velas in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of VLX you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Velas.
Disclaimer: Cryptocurrencies, including Velas, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of VLX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Velas or any other cryptocurrency discussed.
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