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How to buy Veritaseum (VERI) in the UK

Learn how to buy Veritaseum (VERI) in our step-by-step guide.

Where to buy Veritaseum in the UK

It looks like VERI may not be available to purchase on an exchange in the UK.

You can still purchase VERI by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised 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 decentralised exchanges first if you're unfamiliar.

How to purchase VERI using a decentralised exchange.
  1. Find VERI on a decentralised exchange and make sure Veritaseum can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for VERI using an exchange like CoinJar. You will need to purchase enough ETH to swap for VERI 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.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for VERI on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the VERI tokens will arrive in your wallet.
  6. 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 UK.

Best Veritaseum wallets to store your VERI

You can keep your VERI 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 VERI below.

Ledger Nano X Wallet

Trezor Model T Wallet

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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 Veritaseum a good investment?

Below is a list of defining features of the Veritaseum platform. Learn all about them before deciding to invest in VERI:

  • Recent patent approval: Although documentation for the patent of Veritaseum software and protocol was submitted in 2013, the patent was only recently accepted within both the US and Japan. However, since the submission of the patent, many DeFi applications have gone on to include elements that are similar to the now patented Veritaseum technology. This may mean Veritaseum could seek a share of all revenue created from such platforms. Investors looking to gain exposure to VERI will need to keep a close eye on which DeFi-focused applications are potentially using Veritaseums peer-to-peer trading software and the remuneration system Veritaseum may put in place.
  • Custom solutions for each protocol: The Veritaseum team of analysts, financial engineers, and macro strategists are responsible for creating custom software solutions that cater to a client's individual needs. Once a product is developed, VERI tokens are then minted to unlock smart contracts and give access to the software. The demand for VERI tokens will ultimately depend on the uptake of Veritaseum software.
  • Unique services:
    •  The Veritaseum ecosystem offers a holistic set of seven tools, including VeAssets, VeRent, VeADIR, VEResearch, VeExposure, VeManagement, and VeTokenization. Through all of these services, users can easily buy and sell various blockchain assets, while also tokenising assets such as real estate, precious metals, and commodities.

    Today's Veritaseum price versus ATH

    Compare today's price of Veritaseum ($14.89 USD) against its all-time-high price of $465.93 USD on 09 January 2018. The closer the bar is to 100%, the closer VERI is to reaching its ATH again.

    Veritaseum's price: $14.89
    ATH date: January 09, 2018
    3.20%

    Veritaseum ATH: $465.93


    How to trade, convert or sell Veritaseum

    You can convert or sell your VERI with the same exchange you bought it through:
  1. Sign in to the exchange you have VERI on.
  2. If you store your Veritaseum 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 VERI you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Veritaseum.
  6. Complete your transaction and move your VERI to a wallet for storage.
  1. Data by CoinGecko

* 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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