How to buy VeChain (VET) in Australia?
VeChain (VET) is a promising cryptocurrency because of its widespread use in the logistics and auditing industry. Investing in VeChain is a smart thing to.
VeChain (VET) is a promising cryptocurrency because of its widespread use in the logistics and auditing industry. Investing in VeChain is a smart thing to do if you like to stay updated with global companies that are already using the VeChainThor blockchain network.
VeChain is a tradable cryptocurrency, meaning that you can buy VeChain in Australia through exchanges like Easy Crypto Australia. Follow these simple steps to buy VeChain safely through a regulated exchange.
Learn more: What is VeChain (VET)?
How to Buy VeChain (VET) with Easy Crypto
At Easy Crypto, we ensure that the buying and selling processes are made as simple and cost-effective as possible. We understand that transacting on a blockchain has its complexities, but we’ve made sure to give you the final price of your crypto conversion — with no hidden fees.
Many new customers of other crypto exchanges were surprised to see that they would have to pay slightly more to conduct other kinds of transactions, such as selling or transferring to their own wallets.
In our case, we make things transparent. Once your funds are received by us, your order is instantly processed. The exchange rate is locked in, regardless of what the market condition is like.
Signing up and signing in to Easy Crypto
It’s a quick, 2-minute process. See the Sign-Up button on the corner? Click on Sign Up here instead to save even more time.
You can make an account using your email address, Google account, Facebook account, or Twitter account. Then, proceed to the next step.
Check the VET-AUD rates
Is it the right time to buy VET? Like all cryptocurrencies, the price of VET fluctuates based on supply and demand — this is a healthy sign of a free market!
But if you are a more casual type of investor, you may be interested to employ the dollar-cost averaging technique to simplify everything.
View the latest rates: Click here to check out VET rates in AUD here.
Place an order to buy VET with AUD
Buy VeChain (VET) by entering the amount you’d like to buy in Aussie dollars. Provide us with your wallet address so we can send the VET your way.
Important. Do not mistype your address. Cryptocurrency transfers cannot be refunded. The best and easiest way to avoid this mistake is to simply copy-paste your address, instead of typing each symbol individually.
Select a payment method
In Australia, we offer two methods of payment, both of which are electronic transfers. Unfortunately, we do not accept hard cash to satisfy regulatory requirements. Anyhow, we fully operate in the digital space, offering you transaction convenience, security, and speed.
We accept transfers from major banks in Australia as well as POLi Payments, an instant payment service that collaborates with most Australian banks
Related: Learn more about POLi and how to use it.
Wait for a few minutes
Unlike other exchanges, Easy Crypto directly transfers your crypto assets to your own wallet. This means you truly own your cryptocurrency, and that they are safe behind private keys that you hold yourself.
If you buy your digital currencies elsewhere, you might enjoy the instant transfers, but that’s possibly because your assets are still kept under their custody, not yours. This is why it will take a few minutes before you see a change in your wallet balance.
Need help with anything? Read our FAQ or contact our Help Desk.
Manage and track your VET with our portfolio tracker
Keeping track of your investments is important, but it can be tedious. Fortunately, you don’t have to open up spreadsheets and study the price charts every day to know how much your crypto assets are worth.
Our built-in crypto portfolio tracker allows you to set up your buy history only once, and our software does everything else to keep track of the market price to calculate your earnings automatically.
Need a shortcut? Click here to buy VeChain (VET) in Australia with AUD.
Things to consider before buying VeChain (VET)
With that said, below are some things to consider before buying VeChain (VET) in Australia. In fact, it’s important to keep these in mind before making any crypto purchase in Australia.
Download or purchase your own crypto wallet
A crypto wallet is an interface that allows you to look at your crypto asset balance, send or receive cryptocurrencies and tokens, so long as you have access to it.
Unlike a USB drive or a folder in the cloud, crypto wallets don’t physically store cryptocurrencies. What they store is information that proves that you own a certain amount of crypto assets.
This information is verified by a global distributed ledger that is not owned by any country or bank but maintained by a community of transaction validators.
So, obviously, you will need a wallet to store your VeChain tokens. Wallets come in two types — hardware and software wallets.
Hardware wallets are considered more secure than software wallets because, in order to access your cryptocurrencies, you will need to connect your physical wallet to your computer. Hardware wallets like Trezor and Ledger also support a variety of cryptocurrencies, including VeChain (VET).
Many people still use software wallets for the convenience they offer. For example, Exodus and Jaxx Liberty are wallets that work on mobile and desktop devices. Not sure which one to get? Here are some resources to get you started:
All about crypto wallets: Cryptocurrency Wallets – What are your options?
Look for a trusted cryptocurrency exchange in Australia
Cryptocurrencies are not issued by any government (like fiat currencies) or by any business (like shares of stock). They’re meant to digitize value and make it easier to transfer value across the world.
This means that cryptocurrencies exist solely on the Internet, and the first VeChain tokens that you’ll receive would probably come from a cryptocurrency exchange in Australia or any other part of the world.
Regardless of where you are in the world, the rules to choose the best cryptocurrency exchange are the same.
Here are some useful tips for choosing a crypto exchange in Australia:
- Make sure that the exchange is regulated. A less helpful or even scammy exchange is probably not regulated, as they were not established for the long-term (which requires special business permissions).
- Understand the fees attached to transactions, deposits or withdrawals. Some exchanges offer custodial services, making it seem like they have low fees. However, a hidden fee will become apparent once you try other actions, like selling or storing crypto assets into your own wallet.
- Recognise legitimate crypto exchanges from the fake ones. The latter could be hiding a Ponzi scheme or even smart contracts that could drain your funds.
- DO NOT under any circumstances share your crypto wallet’s private key. An exchange that asks you for this is obviously a scam.
Brush up on your crypto security: Browse our library of safety tips on our Learn Site.
Buy and sell small amounts of crypto first
As an absolute beginner, it would take time to get used to this system where you are responsible for a lot of things — buying from a trusted party, and taking custody of your own digital assets. Why don’t you start with small steps?
You can take smaller risks by buying, for instance, no more than $20 worth of cryptocurrencies at your chosen exchange. Then evaluate whether or not you earned an expected amount of profits after your crypto assets increase in price.
If you received less profit than you have expected, try to find out why. Is it due to some miscalculation or hidden fees?
Ask as many questions as possible. If the crypto exchange can answer them for you, then you can be assured that they are serious in conducting their business with you.
Stay updated in the crypto space!
VeChain could change the global industry as a whole. Stay updated on the latest news surrounding VeChain, the VET token, and all the other cryptocurrencies that you are interested in.
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Disclaimer: Information is current as at the date of publication. This is general information only and is not intended to be advice. Crypto is volatile, carries risk and the value can go up and down. Past performance is not an indicator of future returns. Please do your own research.
Last updated October 7, 2022