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How to buy Vite (VITE) in the US
Learn how to buy Vite (VITE) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
Where to buy Vite
It looks like VITE may not be available to purchase on an exchange in the US.
You can still purchase VITE 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 VITE using a decentralized exchange.
- Find VITE on a decentralized exchange and make sure Vite can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for VITE using an exchange like Gemini. You will need to purchase enough ETH to swap for VITE 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 VITE 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 VITE 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 ViteBefore buying altcoins such as VITE it’s important to understand the associated tokenomics and the potential for capital growth. Here are some key factors to consider:
- Supply and tokenomics. VITE coins were issued in June 2018 with an initial token supply of 1 billion. Over 40% of the tokens were distributed via private sale in May 2018. The remaining supply is distributed between marketing (10%), ecosystem development (23.57%), the development team (20%), airdrops (5%) and advisers (1%).
- Utility. Unlike similar public blockchains, such as Ethereum, Vite implements a quota-based transaction model for fees. VITE can be staked to earn "quota". It is the quota that is then used for transactions. In other words, Vite has a zero-cost transaction model to replace “gas” that is widely used in blockchains such as Ethereum.
- Voting rights. Token holders can use VITE to vote for Snapshot Block Producers (SBP) that maintain and secure the network. Voting rewards can be earned.
- VITE vs VX. VITE is the utility token used for all transactions and smart contract executions that take place on the Vite network. In contrast, VX or ViteX Coin is the native coin of the ViteX decentralised exchange. Users can “hodl” VX coins to receive daily dividends in BTC, ETH and USDT. VX tokens can also be earned by staking VITE.
How to sell Vite
You can cash out your VITE with the same exchange you bought it through:
- Sign in to the exchange you have VITE on.
If you store your Vite in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of VITE you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Vite.
Disclaimer: Cryptocurrencies, including Vite, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of VITE 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 Vite or any other cryptocurrency discussed.
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