In this blog, we’ll look at VeChain, how VeChain works, and where to buy VeChain with either crypto or fiat currency. We will also see how to store VeChain.
VeChain is a buzzword in the crypto market, and we’re here to address all your questions surrounding it. VeChain combines several business processes using blockchain technology and QR codes to track shipments and ingredients and verify their authenticity.
Leading bitcoin companies in India like, Unocoin, help you buy, sell, store, and accept crypto assets like VeChain. It allows Over Counter Trade (OTC) for bulk trade. It features a first-of-its-kind Systematic Buying Plan for a smoother buying experience of BTC and ETH for customers.
What is VeChain?
The food we eat and the products we buy don’t come to us directly from the source. There are many intermediaries they have to go through first before they end up in our hands. VeChain is a supply chain solution that authenticates and tracks these goods.
Any company that wants to keep track of the items they produce and sell can use a solution such as this one. For instance, a pharmaceutical company can track who is buying their products to ensure they don’t land in the wrong hands and that there is no skimming, stealing, or leaking. Similarly, consumers can be assured that the pharmaceuticals or any other ingestible they purchase are safe to consume. This information even allows some relief on the customer’s end because they know exactly where the product they’re buying is coming from. This level of transparency builds trust.
The Prominence of VeChain
Now, you might wonder why we need VeChain for this? Can’t we rely on the internet to find out such information? And that sentiment is entirely valid. Supply chains have been managed by RFID, NFC and QR codes to connect the databases for years. VeChain still uses these methods, but they are slightly altered. The old techniques like RFID are prominent, but they are integrated into a system that utilises two things:
- IoT (Internet of things)
IoT essentially means that devices are connected to the internet at different points in the supply chain to ensure they have done what they need to do.
2. The VeChain Blockchain
This information is stored in the blockchain. It stays here forever, and anyone can verify it.
Where to Buy VeChain?
When you look for VeChains to purchase online, you’ll find a section labelled as ‘Market’. It will lead you to a complete list of places to buy VeChain and the currencies you can use to obtain it.
How to Buy VeChain?
Once you’ve figured out where to buy it, a new question surfaces, “How to buy VeChain?” Follow these simple steps to get started:
- Compare Crypto Assets and Exchanges
The best and the easiest way to buy VeChain is through crypto-assets exchange platforms. Crypto assets are digital, and a decentralised system maintains their records forever. First and foremost, compare these different currencies via their history. People still think that bitcoin is the only digital currency in town, but it could be farther from the truth. Several different asset types have come into being over the last decade. Ask questions like:
- How long has this currency been around?
- Over this period, how well has it performed?
- What is the exchange rate of this currency?
Then, identify the price and market cap, get a better grip on the technology used to buy and sell currency and establish your risk level. Only then will you understand how to buy VeChain and which one is suitable for you.
2. Create an Online Account
This step is easy enough and doesn’t require much explanation. You’ll need to verify your email address, thus validating your identity. Show an ID proof, and you’re all set. Unocoin lets you complete your verification process in a few minutes.
3. Make a Deposit
Use your selected crypto exchange to make a deposit. Other than that, Virtual Bank Deposit, Bank IMPS, UPI, NEFT, or RTGS payments are also valid. Once your payment method gets verified, you’re good to deposit your preferred amount.
4. Buy VeChain
Once you know how to buy VeChain, you are free to exchange your funds for it. This process is as easy as entering the amount you want to purchase and clicking buy. If you’d like, you can withdraw your VeChain to your wallet at any time too.
Where to Store VeChain?
Go through the following list of wallet types and decide which one works best for you:
- Hardware Wallet
If security is your top concern, choosing a hardware wallet is a no brainer. You cannot find a more secure place to store your VeChain than a hardware wallet. It comes in the form of a small USB drive sized device, and it is capable of storing as many as 700 crypto assets at a time.
2. Mobile Wallet
Considering that over two million people carry their smartphones around everywhere they go, what more reliable option is there but a mobile wallet. Most mobile wallets can be installed on both android and IOS systems. Once downloaded, you can set it up quite quickly. You may be asked to set up 2-factor authentication to secure it further. Unocoin is the most trusted and highly secure VeChain wallet in India.
3. Desktop Wallet
A desktop wallet is designed to leverage the potential of atomic swaps. It fully integrates with the decentralisation of the crypto asset system. A desktop wallet is more secure than a mobile wallet, yet it fails to reach the level of a hardware wallet.
VeChain is essentially a solution for businesses. It tracks, automates and accounts for massive amounts of essential data that you and other consumers probably don’t care about, but big companies do!
FAQs
- Can VeChain hit $10?
It is tough to predict the prices. But at this moment in time, it seems highly unlikely that VeChain may hit $10 in the next few years since it has never hit that high. But further down the line, this could become a possibility.
2. What will VeChain be worth in 2025?
As per the latest analysis, VeChain will be worth $0.39 per VET by 2025. However, this forecast gives you a quick estimate, and the results can differ depending on the changing circumstances.
3. What was VeChain’s all-time high?
VeChain hit its all-time high to date last year, $0.2546. Since then, its value has descended quite dramatically.
About Unocoin
Unocoin is India’s first and the most secure bitcoin trading app. This exchange app was founded in 2013. You can buy and sell bitcoin instantly using the Instant Buy and Sell feature. Not just this, you can also buy ETH and Sell ETH in no time. With more than eighty-seven coins listed on this best cryptocurrency exchange in India, you can also accept bitcoin from your friends from any location. You can also know which cryptocurrency works best for you with the price ticker and notifications. The most popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), USDT (Tether), BNB, Ripple (XRP), Cardano (ADA), Solana (SOL), Binance USD (BUSD), Dogecoin (DOGE), Polkadot (DOT) and other popular altcoins can be traded on the go. The new Android and iOS applications make Unocoin the best cryptocurrency app. With the unique feature of the Systematic Buying Plan, you can buy and sell bitcoin and Ether periodically. What more? You can start your crypto journey using SBP for as little as INR 10. With another exciting feature called Crypto Basket, you can diversify your crypto portfolio based on market capitalisation (Market Cap) or Volume. These two excellent features make Unocoin the best cryptocurrency platform.
Love Crypto Coins. Love Unocoin.
Please find the list of authentic Unocoin accounts for all your queries below:
- YouTube Channel: https://www.youtube.com/c/Unocoin/videos
- Newsletter: https://medium.com/subscribe/@Unocoin_growth
- Blogs: https://blog.unocoin.com
- Instagram: https://www.instagram.com/unocoin/
- Twitter: https://twitter.com/Unocoin
- Facebook: https://www.facebook.com/unocoin/
- LinkedIn: https://in.linkedin.com/company/unocoin
- Telegram Group: https://t.me/Unocoin_Group
- Telegram Channel: https://t.me/+fasQhTKBsfA5N2Zl
- Telegram: https://t.me/UnocoinSupport_Bot
- E-mail id: [email protected]
- Contact details: 7788978910 (09:30 AM IST — 06:30 PM, Mon — Sat)
- App store link: https://apps.apple.com/us/app/unocoin/id1030422972?ls=1
- Playstore link: https://play.google.com/store/apps/details?id=com.unocoin.unocoinwallet
Disclaimer:
Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests. This form of trading and investment has risks that consumers may not know. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).
