As the world’s leading cryptocurrency exchange, Binance is naturally one of the first places to go to when considering purchasing VeChain. However, it’s important to note that Binance does not currently offer the ability to buy VeChain directly with fiat currency.
This means that you’ll first need to purchase another cryptocurrency like Bitcoin or Ethereum on Binance with fiat currency, and then use that cryptocurrency to purchase VeChain. While this may seem like an extra step, it’s actually quite simple and only takes a few minutes.
Once you have your account set up on Binance and have purchased Bitcoin or Ethereum with fiat currency, you’ll need to transfer your newly purchased cryptocurrency into the Binance wallet for that specific currency. For this guide, we will be using Bitcoin as an example.
After transferring your Bitcoin into the Binance Bitcoin wallet, you can then head over to the “Exchange” tab and search for “VET/BTC” in the search bar. This will bring up the VeChain/Bitcoin trading pair on Binance.
From here, you can view the current price of VeChain in Bitcoin, as well as the 24-hour trading volume. You’ll also see a chart detailing the price movement of VeChain over time.
If you want to buy VeChain immediately at the current market price, you can do so by entering the amount of VET you want to buy in the “Buy VET” box and clicking “Buy VET now.” Your order will then be filled and you will own VeChain!.
If you want to trade VeChain more actively or try and get a better price than the current market price, you can place an order in the “Order Form” section just below the chart. Here, you can set what price you are willing to buy or sell VeChain at, as well as how much VET you want to trade.
Your order will then stay open until it is either filled by another user or cancelled by you. TradingVeChain on Binance is a great way to get started with this exciting new cryptocurrency!.