Buy VeChain (VET)

Follow the steps below to easily and securely buy VeChain.

You can securely store your VeChain in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your VeChain. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy VeChain with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in VeChain with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy VeChain through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying VeChain is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like VeChain involves risks of losses. You can lose (part of) your deposit. Before you decide to buy VeChain, it is important to understand the risks.

Volatility: The price of VeChain can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of VeChain is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy VeChain through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy VeChain or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

At Finst, we support several order types to buy VeChain: Market Order, Limit Order, and Auto Invest (DCA).

- With a Market Order, you buy VeChain instantly at the best available market price.

- Do you want to buy VeChain at a lower price? With a Limit Order, you set the maximum price you're willing to pay for VeChain. Your order will be executed once your limit price is reached on the market.

- Do you want to invest in VeChain without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

Yes, on our platform, you can easily buy VeChain with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of VeChain reaches your limit price or lower.

A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA VeChain without any action required or additional fees.

Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.

VeChain is a blockchain platform focused on supply chain management and business processes. With VeChain, companies can track products and data through a decentralized network, ensuring transparency and efficiency. The platform uses the VeChainThor blockchain and has its own token, VET, which is used for transactions and smart contracts.

VeChain is a blockchain platform that helps businesses improve their supply chain management and business processes. By utilizing blockchain technology and the Internet of Things (IoT), VeChain offers a transparent and efficient way to track products throughout their entire lifecycle. VeChain has been one of the largest cryptocurrencies for years, with a market capitalization in the billions.

Technological Components:
VeChain uses several complex components to ensure everything runs smoothly.

1. Smart Chips and IoT Integration: VeChain integrates smart chips, such as NFC chips, RFID tags, and QR codes, into products. These chips collect and send data about the product to the VeChainThor blockchain, enabling real-time tracking and authentication.
2. VeChainThor Blockchain: This is the public blockchain of VeChain that facilitates transactions and data storage. The platform supports decentralized applications (dApps) and smart contracts, allowing businesses to develop customized solutions for their specific needs.

Dual-Token System:

• VET (VeChain Token): VET serves as the primary coin within the VeChain ecosystem. Businesses use VET to perform transactions and activate smart contracts. This is the token at the core of the ecosystem.
• VTHO (VeThor Token): VTHO is generated by holding VET and is used to pay for transaction fees on the network, creating a predictable and stable cost model for users. Some also refer to it as the oil of VeChain.

Consensus Mechanism:
VeChain uses the Proof of Authority (PoA) consensus mechanism, where transactions are validated by pre-approved authorities known as validators. This model offers a balance between decentralization and efficiency with benefits such as:

• High Transaction Speed: By having a limited number of trusted validators, the network can process transactions faster.
• Energy Efficiency: Unlike Proof of Work (PoW) systems, PoA requires significantly less energy, making VeChain a sustainable ecosystem.

Practical Applications:
VeChain is used across various industries to increase transparency and efficiency:

• Luxury Goods: By implementing VeChain's technology, brands can guarantee the authenticity of their products and fight counterfeiting.
• Food Safety: VeChain allows the tracking of the origin and journey of food products, contributing to enhanced food safety and consumer confidence.
• Automotive Industry: Car manufacturers use VeChain to securely store and share maintenance history and vehicle data, improving transparency for both buyers and sellers. So, if you're buying a used car, you could view the entire history without it being tampered with.

Through these advanced technologies and applications, VeChain provides businesses with a powerful tool to optimize their supply chain processes and ensure the reliability of product information.

VeChain was founded in 2015 by Sunny Lu and Jay Zhang. Lu is known as the former CIO of Louis Vuitton, while Zhang gained experience at PwC and Deloitte. They wanted to build a blockchain that makes supply chains more transparent and efficient.