How to buy VeChain (VET) in the UK

Learn how to buy VeChain (VET) on 2+ crypto exchanges in our step-by-step guide.

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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

VeChain (VET) is the 40th largest cryptocurrency by market cap, valued at US$1,411,368,242.

VeChain is a highly volatile asset capable of major price swings in a single day. Today VET is trading for $0.0194311 USD, which is higher than yesterday's trading price of $0.018886693 USD. Over the past year, VeChain's price has seen a decrease of -36%.

So before you buy VeChain, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy VeChain.

How to buy VeChain in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy VeChain is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy VeChain
    You can now exchange your funds for VeChain. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your VeChain to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy VeChain in the UK

Find an exchange to buy, sell and trade VET by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
EXCLUSIVE
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

347
cryptocurrencies

Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
CEX.IO Cryptocurrency Exchange
Bank transfer (ACH), Credit card, Bank transfer (SEPA), Faster Payments Service, Skrill
USD, EUR, GBP, RUB

144
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
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How we keep this VeChain guide up-to-date

  • VET price data is regularly updated through data feeds so you always have the latest information.
  • VeChain performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy VeChain?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy VeChain?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading VeChain.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing VET with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy VeChain?

The easiest way to buy VET is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying VET, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of VeChain has been performing recently.

Best VeChain wallets to store your VET

You can keep your VET on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your VET below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is VeChain a good investment?

Cryptocurrencies are complicated and highly speculative, and it's important to ensure you understand the token and its associated platform before investing. In the case of VET, here are some things to consider:

  • Competition. Improving supply chain logistics is a popular application of blockchain tech, and as a result VeChain are only one of many projects in this space. Competitors such as WaltonChain, Wabi and OriginTrail may each challenge VeChain’s market share. It's worth researching a number of potential supply chain blockchain solutions before deciding on one particular token.
  • Partnerships and adoption. The adoption rate of VeChain will largely be informed by its corporate partnerships, which will in turn have a massive impact on the blockchain's success. You can keep up-to-date on VeChain's adoption via the VeChaininsider website. Some notable partners include auto manufacturer BMW, and Norwegian registrar DNV.
  • Token use-case. VeChain's platform involves the use of two separate tokens – VET and VTHO. VET is used as a medium of exchange and store of value for services provided by the blockchain. Conversely, VTHO is used to pay for gas (transaction) fees on the network. As VeChain is a proof-of-stake network, users can generate VTHO tokens by staking their VET on a supported wallet.

Today's VeChain price versus ATH

Compare today's price of VeChain ($0.0194311 USD) against its all-time-high price of $0.280991 USD on 19 April 2021. The closer the bar is to 100%, the closer VET is to reaching its ATH again.

VeChain's price: $0.0194311
ATH date: April 19, 2021
6.92%

VeChain ATH: $0.280991


How to trade, convert or sell VeChain

You can convert or sell your VET with the same exchange you bought it through:
  1. Sign in to the exchange you have VET on.
  2. If you store your VeChain in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of VET you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of VeChain.
  6. Complete your transaction and move your VET to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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