How to Buy VeChain (VET) in South Africa?

If you’re looking for an easy and secure way to buy VeChain (VET) in South Africa, you’ve come to the right place. Here we will explain everything you need to know so that you can start buying VeChain today!

What is VeChain (VET)?

VeChain is a blockchain project that was started in 2015 by the VeChain organisation. VeChain aims to make supply chain management easier for businesses all around the world. VeChain can be used by any business or large corporation to track products from their manufacturer to the consumer.

VeChain is one of few blockchains that operates on a two token system. This means that the blockchain has 2 native tokens, VeChain (VET) and VeChain Thor (VTHO). The VET token is used to transfer value and for smart contracts built on the blockchain. VTHO is earned through holding VET in your wallet, and it is used as gas to pay for transaction fees.

What are the advantages of VeChain (VET)?

VeChain solves quite a few important problems when it comes to supply chain management. These include:

• Quick on boarding
  VeChain is said to have a quick and easy on boarding process for new clients and businesses.
• Unique economic model
  VeChain has an economic model that is quite different to other cryptocurrencies. The two token systems allow for benefits such as lower fees.
• Lower transaction fees
  Transaction fees do not increase as the price of VET increases. This is because VTHO is the token that is used to pay for transaction fees, and it tends to not move as much in price.
• Development
  There is quite a bit of promising development happening on VeChain. This is good as it indicates that there is an interest in the project and a growing demand for the token, which is always a good sign in the cryptocurrency space. 🙂

How to buy VeChain (VET) with Rand in South Africa?

Buying VET in South Africa is actually much easier than you may think. Easy Crypto makes it safe and easy for anyone in South Africa to buy VeChain and over 100 other cryptocurrencies.

How to store your VET coins?

Safely storing coins is one of the most important things you need to do when investing in cryptocurrencies. You can greatly reduce the risk of losing coins to hacks by finding a good, safe, and the best cryptocurrency wallet based on your preferences.

There are many different wallets to choose from. You can go with a mobile wallet such as TrustWallet, a desktop wallet such as Exodus, or a hardware wallet such as Trezor.

Read more: Exodus Crypto Wallet Review

Hardware wallets are the most secure as they store funds offline, reducing the risk of a hack.

Learn more: Beginner’s Guide to Getting Started with Crypto Wallets

Feel free to check out Easy Crypto’s Learn-site for a more detailed explanation and information on cryptocurrency wallets, or contact our team if you have any questions or need assistance with anything 🙂

So, how was it? Are you interested in trying VeChain (VET) for the first time? Do not hesitate to visit Easy Crypto website if you want to buy VET today in South Africa or any other cryptocurrencies.

We’re always happy to help 🙂