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.
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.
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?
Time needed: 2 minutes.
Follow these easy steps to buy VET in South Africa with Easy Crypto:
- Sign up
Head over to our homepage and create an account. You can make an account with your email address, Google account, Facebook account or Twitter account.
- Verify your account
Once you’ve created an account you’ll need to get it verified. This should only take a few minutes. Feel free to check out Easy Crypto’s guide on how to get your account verified if you need any assistance.
- Start buy VeChain (VET) and other cryptocurrencies
Buy VeChain (VET) or any cryptocurrency of your choice. Just enter the amount you’d like to buy, provide us with an address and then pay for your order. Most orders are delivered within a few minutes!
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.
Read more: Exodus Crypto Wallet Review
Hardware wallets are the most secure as they store funds offline, reducing the risk of a hack. The most popular wallets are currently Trezor and Ledger.
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 🙂
Also, don’t forget to subscribe to our monthly newsletter to have the latest crypto insights, news, and updates delivered to our inbox.
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 Nov 23, 2021