Last Updated on May 15, 2021 by harsh
- VeChain (VET)
- Live Price $0.1220
- Market Cap $8.11 B
- Volume $611.85 M
- Available Supply 66.76 B VET
- Rank 24
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Vechain Price, Vechain Trading volume, and Marketcap history
Vechain Price Technical Analysis
VeChain is a blockchain-based platform established in 2015 that works to enhance and secure the supply chain management system. By distributed ledger technology, VeChain provides manufacturer (retailer) and consumers (customer) with the ability to determine the quality and authenticity of products. It also maintains the quality control of goods.
Vechain is Singapore-based decentralized smart contract platform.
That's what Vechain blockchain technology is briefed at the Vechain official website
By leveraging on blockchain technology, VeChain strives to build a trust-free and distributed business ecosystem, which is self-circulating and scalable.
Vechain real-world use cases
- Liquor sales
- Agricultural uses
- Luxury Goods
How Vechain blockchain works
Vechain blockchain technology ensures that every single piece of information about the movement of a product in the supply chain is recorded and authenticated.
It aims to build a supply chain management ecosystem which is secure for manufacturers to consumers. Information ranges from the product source materials to the product spare parts and after-sales servicing etc.
Vechain uses an in-house built smart chip i.e. VeChain Identity (VID) technology to track the product throughout the supply chain.
VID (Vechain Identity technology) can be written into NFC (Near Field Communication) tag, QR (Quick Response) code, and RFID (Radio Frequency Identification) tag to be used for each product.
Hence every single piece of information about the movement of the product is accessible to every member in the supply chain i.e. from manufacturer to consumer.
Watch the VeChain blockchain ecosystem Introductory Video - credited to VeChain Foundation
Updation of Ve chain to Vechain Thor
Last year Vechain announced an update to its project known as “VeChain Apotheosis Part II: THOR Power Forged.” It takes place at the end of June 2018 and rebranded Vechain blockchain to VeChain Thor.
Ve chain ticker symbol also changed from VEN to VET.
This update from VeChain to VeChain Thor has made the company from being a supply chain management project to being a full-fledged enterprise DApp solutions.
The network uses two native tokens for its internal operations:
- VeChain Token (VET) (formerly known as VEN)- Company native token which is used as payment in the Vechain blockchain system. Companies with more VET has been given higher priority and more rights on the new VeChain Thor blockchain.
- Thor Power (THOR) – a token which is currently used as the fuel to execute smart contracts and run apps on the THOR blockchain.
The base generation rate of THOR for VET holders is:
0.00042 THOR per VET per day
VeChain is currently in partnerships with some of the Chinese or Southeast Asian companies like Babyghost, China Unicorn, Directed Imported Goods, Healthcare Co Ltd, Jiangsu Printed Electronics Co Ltd, PricewaterhouseCoopers (PwC), Liaoning Academy of Agricultural Sciences (LAAS) & more.
How and where to buy Vechain 2020
There are numerous ways to buy Vechain.
Below I have listed every single way to buy Vechain in any part of the world with prominent payment methods.
Buy Vechain with credit & debit card 2020.
There are multiple Vechain exchanges which allows buying Vechain with Credit & debit card directly. Few of the best Exchange are:
1. Coinbase Exchange
One of the trusted and renowned Cryptocurrency exchange to buy coins with Credit & debit card directly (especially for US users). Coinbase exchange currently supports 31 Cryptocurrencies and 18 more coming soon.
It charges a 3.99% fee with a Visa and Mastercard.
You can buy 1000$ worth Bitcoins just by setting up your account.
- If you don’t find Vechain at Coinbase Exchange. Then First buy Bitcoin here
- Then transfer Bitcoin to Binance Exchange.
- Later Exchange Vechain with Bitcoin at Binance Exchange
Cryptocurrencies supported by the Coinbase are:-
- Bitcoin cash (BCH)
- Ripple (XRP)
- Ethereum Classic (ETC)
- Maker (MKR)
- ATOM (COSMOS)
- Bitcoin SV
- OMISE GO (OMG)
- Augur (REP)
- Basic Attention Token (BAT)
- Loom Network
- District Ox
2. Cex.io Cryptocurrency Broker
Cex.io exchange is also a renowned exchange to buy coins with credit & debit card directly.
Cex.io Exchange charges 7% buying fee if you buy using their brokerage service.
Otherwise, Cex.io Exchange only charge 2.9% Fee with Visa and MasterCard
Cex.io supports 26 cryptocurrencies
Crypto supported by Cex.io are:-
- BitTorrent (BTT)
- Bitcoin Cash (BCH)
- Bitcoin (BTC)
- Bitcoin Gold (BTG)
- Gemini Dollar (GUSD)
- Ethereum (ETH)
- Tether (USDT)
- Chain Link
- OmiseGO (OMG)
- USD Coin
- Ontology Gas (ONG)
- Cosmos (ATOM)
- Ripple (XRP)
- Dash (DASH)
- Zcash (ZEC)
- Litecoin (LTC)
- Stellar (XLM)
- MetaHash (MHC)
- TRON (TRX)
3. Changelly instant cryptocurrency exchange
Best Instant cryptocurrency exchange to buy Vechain with a credit & debit card instantly. Changelly supports more than 200 coins. Changelly charges a 5% fee.
You can buy Vechain directly without submitting your personal information. Just attach your Credit or debit card and receive coins instantly to your wallet
Changelly supports more than 150 cryptocurrencies. You can read the review to learn in detail
4. Binance Exchange
Binance has recently started service to buy Vechain with credit & debit card via simplex. Binance is a leading cryptocurrency trading platform in the industry. The exchange supports more than 1300 cryptocurrencies and thousands of trading pairs.
Although there is no KYC required for trading at Binance but to buy Vechain with a credit card you have to provide your personal information.
The same is true for the fee. There is a low trading fee on the Exchange.
But to buy Vechain with a credit & debit card you have to pay a 5% to 10% fee of the total buying amount.
Sign up for Binance using the link and receive a 10% discount on the trading fee for a lifetime.
5. LocalBitcoins Exchange
Local Bitcoins is the world’s best p2p (peer to peer) exchange.
If You are unable to find Vechain in any of the above exchanges. Then you can buy Vechain at LocalBitcoins Exchange indirectly.
LocalBitcoins Exchange allows to buy bitcoin with every payment method possible, using any Fiat currency, and in any part of the world.
On top of this, You don’t need to provide any personal information to buy bitcoin from the exchange.
Local bitcoins charge a 1% transaction fee with both seller and buyer.
You can buy Vechain indirectly at LocalBitcoins Exchange in Approximately 30 minutes
Step -1. First Buy Bitcoin with debit or credit card at LocalBitcoins Exchange.
Buy Vechain with PayPal directly
The best way to buy Vechain with PayPal is to First, buy bitcoin at Localbitcoins Exchange
Then transfer Bitcoin to Binance Exchange. Subsequently, Exchange Bitcoin with Vechain.
There is almost no exchange that allows buying Vechain with PayPal directly. Therefore, the best way is to buy Vechain with PayPal at LocalBitcoins exchange indirectly
Buy Vechain with Skrill, Neteller, Payza
Note: – Cex.io is the best Exchange that accepts Skrill as the payment method. If you are unable to find your coin listed at Cex.io Exchange.
Then you can buy Vechain indirectly with Payza, Neteller, Skrill at LocalBitcoins Exchange
First, buy Bitcoin with Payza, Neteller or Skrill at Localbitcoins exchange.
Then transfer Bitcoin to Binance Exchange. Then trade Vechain with Bitcoin.
Buy Vechain with Bank transfer (SEPA, SWIFT)
Note: If You are unable to find Vechain at Coinbase or Cex.io Then Buy it Indirectly at LocalBitcoins Exchange.
LocalBitcoins exchange can always be used to buy Vechain with every possible payment method (like Gift cards or cash) in any part of the world (indirectly).
- First Buy Bitcoins at Localbitcoins Exchange with your preferred payment method.
- Then transfer Bitcoin to Binance Exchange
- Then Exchange Bitcoin with Vechain.
- At last withdraw Vechain to the supported wallet
If you don’t find Vechain at Binance Exchange or Changelly Exchange
Then you can check above Vechain exchanges section. There you can find the Exchanges the Vechain is currently trading
Later transfer your bought bitcoins to any of the Vechain Exchange and convert them to
Paxful Exchange is an alternative to LocalBitcoins Exchange. But Localbitcoins has a relatively large customer base. Hence, you can find better rates here.
ALWAYS USE HARDWARE WALLET TO STORE YOUR Vechain COINS
Frequently Asked Questions
Above shown Vechain price is the live price and gets updated every minute.
2. How and Where buy Vechain in India with INR?
You can buy Vechain in India with INR directly on WazirX Exchange, BitBns Exchange, or Binance exchange via UPI, PAYTM, Wallets or IMPS.
LocalBitcoins exchange can also be used to buy Vechain with INR indirectly.
If you wanted to store Vechain securely then always use a hardware wallet. Ledger wallet is the cheapest and safest hardware wallet available online.
LocalBitcoins and Paxful Exchange are the two exchanges which allow buying Vechain with Apple Pay or any Gift card indirectly
First, buy Bitcoin at Localbitcoins Exchange or Paxful Exchange with Gift card
Then transfer Bitcoins to Binance Exchange or Changelly Exchange.
Then exchange Vechain with Bitcoin
Changelly is the best exchange to buy Vechain anonymously.
Same as mentioned above LocalBitcoins exchange and Paxful Exchange are the exchanges. Where you can buy Vechain with every possible payment method in any part of the world indirectly.
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