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Best Exchanges to buy VeChain 2022 Pros and Cons

By Burle M. 9 min read

The process of buying VeChain is just like any other coin in the crypto market. It is not something that you can directly buy from your bank account or through organizations. This may be possible in future but for the time being, you'll have to use a cryptocurrency trading site to convert your USD into VET or other digital currencies. We are here to make this process for you as smooth as we can buy providing all the key details in this article. Let’s jump right into it.

Where to buy VeChain

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase VeChain (VET) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your VeChain.

1. Binance

Binance gets a lot of things right for traders who wish to focus solely on cryptocurrency. A diverse range of popular cryptocurrencies should appeal to everyone save the most passionate crypto fans.

Low trading costs and volume reductions should entice more active traders, especially because fees elsewhere are far higher.

Newer investors who want customer service may find a better match elsewhere, particularly if they intend to trade other stocks or crypto as a sideline.

Based on what has been discussed so far, Binance is unquestionably the premier Cryptocurrency Exchange, with low costs and excellent digital currency support.

Binance Features

  1. Binance trading has some of the lowest costs in the business.
  2. On Binance, you can trade over 180 cryptocurrencies.
  3. The exchange is available through online and mobile apps for Android and iOS, as well as desktop programmes for macOS and Windows.
  4. Binance Futures provides up to 125x leverage while margin trading provides up to 3x leverage.
  5. It offers a dedicated help Centre where you may contact the support team or get actual beginning tips and explanations of various exchange operations.
  6. It also allows you to make passive income from your crypto assets through staking, crypto lending, and other methods.

How to buy VeChain on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase VeChain (VET) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of VeChain you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of VeChain you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired VET in your Binance Spot Wallet immediately.


2. Binance

Binance is well-known for its cryptocurrency-to-cryptocurrency trading services. Binance came onto the scene during the 2017 crypto craze and has since risen to become the world's leading cryptocurrency exchange. 

By trading volume, Binance is the world's largest online cryptocurrency exchange. The exchange is also one of the most rapidly growing venues in the cryptocurrency market today. You can easily buy and sell VeChain (VET) using our step by step guide.

The exchange offers investors one of the most diverse selections of cryptos accessible on the market today. The currencies and tokens on sale range from the markets largest by market cap to some smaller and less well-known coins and tokens.

Getting Started with Binance

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.

For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.

Follow the steps below to open a Binance account:

Step 1: Visit the Binance Website

Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.

Step 3: Enable 2-Factor Authentication.

Step 4: Select and Link you payment Methods.

Step 5: Deposit and Start trading.

How to buy VeChain on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase VeChain (VET) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of VeChain you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of VeChain you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired VET in your Binance Spot Wallet immediately.


3. Binance

Binance is well-known for its cryptocurrency-to-cryptocurrency trading services. Binance came onto the scene during the 2017 crypto craze and has since risen to become the world's leading cryptocurrency exchange. 

By trading volume, Binance is the world's largest online cryptocurrency exchange. The exchange is also one of the most rapidly growing venues in the cryptocurrency market today. You can easily buy and sell VeChain (VET) using our step by step guide.

The exchange offers investors one of the most diverse selections of cryptos accessible on the market today. The currencies and tokens on sale range from the markets largest by market cap to some smaller and less well-known coins and tokens.

Binance Features

  1. Binance trading has some of the lowest costs in the business.
  2. On Binance, you can trade over 180 cryptocurrencies.
  3. The exchange is available through online and mobile apps for Android and iOS, as well as desktop programmes for macOS and Windows.
  4. Binance Futures provides up to 125x leverage while margin trading provides up to 3x leverage.
  5. It offers a dedicated help Centre where you may contact the support team or get actual beginning tips and explanations of various exchange operations.
  6. It also allows you to make passive income from your crypto assets through staking, crypto lending, and other methods.

How to buy VeChain on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase VeChain (VET) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of VeChain you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of VeChain you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired VET in your Binance Spot Wallet immediately.


Other Exchanges to buy VeChain

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy VET.

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9. Binance Join Now

Buy VeChain on Decentralized Exchanges.

Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy VeChain (VET) easily.

Buy VeChain on Pancakeswap

Currently, these are two popular ways to buy VeChain with Pancakeswap.



How to buy VeChain on Pancakeswap using MetaMask

In this section, we will cover the total process of purchasing VeChain (VET) with Pancakeswap, so read the whole piece.

Why you should use PancakeSwap?

PancakeSwap has lately garnered a lot of interest, thanks in part to the BSC's low transaction costs as compared to Ethereum, the other main decentralised blockchain. PancakeSwap, in addition to the cheaper transaction costs on the BSC, is effectively a fork of Uniswap, one of the most popular decentralized exchanges on the Ethereum Blockchain, with new functionality added.

Pancake Swap is a Binance Smart Chain-powered decentralised cryptocurrency exchange (DEX) and automated market maker (AMM). Binance Coin (BNB) is used for fees, while PancakeSwap (CAKE) is used for management.

Furthermore, Pancake Swap drew a lot of attention due to the large number of BEP-20 tokens available on its platform and it is used particularly for BEP-20 tokens operating on Binance Smart Chain, while tokens from other platforms can be sent over via Binance Bridge and "wrapped" as a BEP-20 token for usage on the DEX.

Before buying crypto on PancakeSwap you must have a Pancakeswap compatible wallet like Metamask . To create a Metamask account follow these steps:

Step 1: Download Metamask Extension

To set up your Metamask wallet it is suggested that you use Google Chrome with MetaMask because the browser has fewer issues than others. To check that you're on the appropriate platform, open your Chrome browser and enter in the Web address metamask.io at the head. After entering the URL, download and install MetaMask extension.

Step 2: Get Started with Metamask

Click newly installed Metamask icon from top right bar on Chrome browser and open it.

Now click the Get Started button, you'll be asked if you're new to MetaMask. This is where you may import your wallet if you already have a seed phrase and wish to obtain access to it. Click Create a Wallet if you're just starting started.

After you click ‘’Create a Wallet’’, MetaMask will request information from you in order to enhance their platform.

Create your password, accept the Terms of Service, and click Create. When MetaMask or a dapp prompts you to log in to MetaMask, enter this password.

Step 3: Create 12-word seed phrase

Create your 12-word seed phrase, also known as the Secret Backup Phrase in MetaMask. If you ever erase MetaMask from your browser, you can reinstate your account in this manner. With a seed phrase, you may also access your account on a fresh computer from anywhere. On the following page, you will be prompted to confirm your secret phrase in the right sequence.

Awesome! You've just created your MetaMask.

If you are using Metamask for the first time, you have to add Binance Smart Chain (BSC) Network to the Metamask as Pancakeswap only work on BSC. The process is simple and straight forward.

1. Click on Account Icon at top right corner in Metamask.

2. Go to Setting > Networks > Add Network

3. Fill the Form with these details and hit save.

  • Network Name: BSC
  • New RPC URL: https://bsc-dataseed.binance.org/
  • ChainID: 56
  • Symbol: BNB
  • Block Explorer: https://bscscan.com

After creating your wallet and adding BSC to the Metamask networks, the next step is to get Binance coin (BNB) in it for buying and paying for the network gas fee . To buy BNB Just Copy and make a note of your Metamask wallet address. Purchase some Binance coin on our recommended exchanges by following the steps listed above (how to buy Binance coin section).

Pro Tip: You can use one wallet address with same Private key on both Ethereum and Binance Smart Chain Network.

Find the Withdraw option in your selected exchange. Choose Binance coin as a withdraw coin. Fill the form with your Metamask address and Binance Smart Chain as network. After the transfer you will see BNB coin in you Metamask wallet.

Now we have everything to use Pancakeswap and buy VET.

Step 4: Launch Pancakeswap and Connect Metamask

Go to Pancakeswap.finance, click Connect Wallet and select Metamask wallet. After connecting your wallet to Pancakeswap, you can now begin trading tokens on the Pancake official site.

Step 5: Swap BNB for VET

Click Trade > Swap from the main menu. Now you must enter the amount of cryptocurrency you want to swap. The amount of the other token (VeChain) that you will get will be calculated automatically by Pancakeswap. On the Main screen there are two boxes. First box for BNB and the second one is for which you want buy.

Before you finalize the conversion, go through the details and double-check that everything is in order. When you're finished, simply press "Swap" and then "Confirm Swap." That's all.

As soon as the trade is verified, VET will appear in your wallet.

How to buy VeChain on Pancakeswap using Trust Wallet

This section will go through how to use Trust Wallet to acquire VeChain (VET) using Pancakeswap. PancakeSwap is a Binance Smart Chain-powered DEX (decentralized exchange). The users on Pancakeswap can swiftly and securely exchange BEP-20 tokens.

Why you should use PancakeSwap?

PancakeSwap has lately garnered a lot of interest, thanks in part to the BSC's low transaction costs as compared to Ethereum, the other main decentralized blockchain. PancakeSwap, in addition to the cheaper transaction costs on the BSC, is effectively a fork of Uniswap, one of the most popular decentralized exchanges on the Ethereum Blockchain, with new functionality added.

Pancake Swap is a Binance Smart Chain-powered decentralised cryptocurrency exchange (DEX) and automated market maker (AMM). Binance Coin (BNB) is used for fees, while PancakeSwap (CAKE) is used for management.

Furthermore, Pancake Swap drew a lot of attention due to the large number of BEP-20 tokens available on its platform and it is used particularly for BEP-20 tokens operating on Binance Smart Chain, while tokens from other platforms can be sent over via Binance Bridge and "wrapped" as a BEP-20 token for usage on the DEX.

Before buying crypto on PancakeSwap you must have a Pancakeswap compatible wallet like Trust wallet. To create a Trust Wallet account follow these steps:

Step 1: Download Trust Wallet

Before you begin, you must first download the Trust wallet app from the Google Play or App Store. As of writing this guide Trust wallet is only available for Android and IOS users.

Step 2: Get Started with Trust Wallet

After installation, click "Create a New Wallet." Read the Privacy Statement and the Terms of Service, then check the box to confirm and click "Continue."

Step 3: Create 12-word seed phrase

Make a note of your 12-word recovery phrase on a piece of paper and keep it somewhere secure where you won't forget it. Once you've typed down your sentence, press the words on the next screen to put them in the right sequence to ensure you've done it correctly.

Awesome! You've just created your Trust wallet account.

After creating your wallet, the next step is to get Binance coin (BNB) in it for buying and paying for the network gas fee . To buy BNB Just Copy and make a note of your Trust wallet address. Purchase some Binance coin on our recommended exchanges by following the steps listed above (how to buy  Binance coin section).

Find the Withdraw option in your selected exchange. Choose Binance coin as a withdraw coin. Fill the form with your Trust wallet address and Binance Smart Chain as network. After the transfer you will see BNB coin in you Trust wallet.

Now we have everything to use Pancakeswap and buy VeChain.

Step 4: Launch Pancakeswap and Connect Trust Wallet

Open your Trust wallet app and navigate to Dapps option from the bottom menu. Now Find Pancakeswap or type in the search box and press enter.

Go to Pancakeswap.finance, click Connect Wallet and select Trust wallet. After connecting your wallet to Pancakeswap, you can now begin trading tokens on the Pancake official site.

Step 5: Swap BNB for VeChain

First, decide which cryptocurrency you wish to exchange. Tokens can be found by name or address from CoinMarketCap. In our case, we want to buy VeChain (VET) through Pancakeswap so we will select VET.

We wish to exchange BNB for VeChain. If you wish to trade a specific amount of BNB, put that amount into the BNB area. You can put a specified amount of VeChain in the VeChain amount area if you like.

The screen will show you the best possible rates in which your coin is going to be swapped. If you agree with the rate and amount, click Exchange, and you will be sent to a new window where you may check the specifics of your swap.

To proceed and complete the transfer, take a note of the fee as network fee and click swap. As soon as the trade is verified, VeChain will appear in your wallet.



Conclusion

Choosing the best cryptocurrency platform for VeChain (VET) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.




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