How to Buy VeChain (VET) in the UK (2021)

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Where’s the best place to buy VeChain (VET) in the UK?

Considering that it’s a popular cryptocurrency, VeChain (VET) isn’t available in as many places as I thought it would be.

But of the places where you can get it, there are some clear winners you should know about.

Read on to learn about how to buy VeChain (VET) in the UK.

Your Best Options in the UK

Here are the best places to buy VeChain (VET) in the UK with popular payment methods.

ProviderPayment MethodFees (Approx.)
BinanceTether (USDT) & Altcoins< 1%
Crypto.comDebit & Credit Card2.99%+
BC BitcoinUK Bank Transfer3% (Exclusive Discount)
CryptomateUK Bank TransferVariable

Click the links in the table to head straight over to the websites or read on to learn more about the two best options.

How to Buy VeChain (VET) in the UK

1. Binance [Popular Crypto Exchange]

Binance logo over their trading interface

In short, Binance is the best place to buy VeChain (VET) in the UK.

However, you’re not able to buy VeChain (VET) directly with GBP on Binance.

You can only buy VeChain (VET) with:

  • Tether (USDT)
  • Binance USD (BUSD)
  • Binance Coin (BNB)
  • Ethereum (ETH)
  • Bitcoin (BTC)

When I checked, Tether (USDT) was the trading pair that had the highest trading volume.

In 2021, you’re able to buy Tether (USDT) with GBP on Binance – which means it’s now a one-stop-shop for buying VeChain (VET) in the UK.

And what makes this even better?

Binance is one of the best cryptocurrency exchanges around which offers amongst the lowest fees (max 0.1%).

Why is it better to buy VeChain (VET) with Tether (USDT) on Binance?

Tether (USDT) is a popular “stable” cryptocurrency (i.e., stablecoin) which has numerous trading pairs on Binance.

In fact, there seems to be a trading pair for EVERY cryptocurrency that’s available on Binance.

Take a look yourself at the markets available on Binance.

And with every cryptocurrency that I’ve recently checked, Tether (USDT) is the trading pair which has the highest trading pair on Binance.

But wait: why does trading volume matter?

Trading volume is linked with market liquidity (or market depth). In short, this tells us how much you’re able to exchange of something WITHOUT impacting the price.

If there isn’t enough liquidity on a trading pair, then it’ll lead to slippage if a large trade is submitted. This is just a shorthand way of saying that the expected price of a trade differs from the actual price that a trade is fulfilled at.

Because of that, I always gravitate towards trading pairs which have the highest trading volume.

In reality, you could choose any other trading pair which is available for VeChain (VET). It likely won’t impact the price you’re buying at too much (unless you make a large purchase).

Can I buy Tether (USDT) in a difference place?

Absolutely.

However, you will usually need to pay fees when you transfer Tether (USDT) out of an exchange. Because of that, it is cheaper to just use Binance if you’re a UK resident.

That said, here are some other places where you can buy Tether (USDT) in the UK with GBP.

ProviderPayment Method(s)Trading Fees
Coinbase ProUK Bank TransferUp to 0.5%
KrakenUK Bank TransferUp to 0.26%
Crypto.comDebit & Credit Card1.49%
BC BitcoinUK Bank Transfer4%
CryptomateUK Bank TransferVariable

Check out my post about the best places to buy Tether (USDT) to learn more.

Overview of Option #1
  • Open a Binance account.
  • Deposit GBP into Binance with a UK bank transfer (FREE).
  • Buy Tether (USDT) with GBP on the GBP/USDT spot market (real exchange rate, 0.1% fees).
  • Buy VeChain (VET) with Tether (USDT) on the VET/USDT spot market (real exchange rate, 0.1% fees).

Two things to know if you don’t already have a Binance account:

  • You’ll need to verify your identity before you’re able to deposit GBP. This is a little awkward and can take a few hours to be processed.
  • The first GBP deposit you make will take a few hours to be credited. Thereafter, GBP you send over to Binance will be credited much quicker (within 10-15 minutes).

Check out the official website to learn more.

Binance WebsiteBinance Review

2. Crypto.com [Quick & Easy]

The Crypto.com app is another decent place to quickly and easily buy VeChain (VET) in the UK.

Just download the app to your mobile device, complete the short registration process, and then you’ll be able to buy dozens of cryptocurrencies with a credit or debit card without getting ripped off.

You can also deposit GBP into the Crypto.com app using a UK bank transfer (via Faster Payments). This allows you to deposit GBP for FREE. However, this will take longer to process than buying VeChain (VET) with a credit or debit card.

Overview of Option #2
  • Create a Crypto.com account. It doesn’t take long.
  • Add your credit or debit card to your account.
  • Buy VeChain (VET) with your connected GBP credit or debit card.

If you’re from the UK, you’ll normally pay 2.99% in fees when you use a credit or debit card to buy cryptocurrencies using the Crypto.com app.

However, these fees are being waived for the first 30 days after you create a Crypto.com account.

Getting started with Crypto.com is quick and easy. Just click the link below, complete a (short) automated verification process, and then you’ll have full access to everything that Crypto.com has to offer.

FYI: I wouldn’t buy VeChain (VET) or any other cryptocurrency with a credit card. Unlike with debit cards, you’ll be charged a cash advance fee and the purchase will be subject to different interest terms.
Crypto.com ReviewDownload Mobile App

Where Can You Store VeChain (VET)?

With both Crypto.com and Binance, you’re able to leave VeChain (VET) in the wallets that THEY control. Although it’s more convenient, it’s not considered good practice. That’s because the wallets controlled by cryptocurrency apps and exchanges are lucrative targets for attackers.

This is a real threat to consider.

Most recently, more than $150 million in digital assets were stolen from KuCoin (a cryptocurrency exchange). In 2019, about twice that was stolen from multiple places.

If you want to take control of your VeChain, then here are a couple of wallets that support VeChain (VET):

If you don’t have one, then the Ledger Nano S is a great choice for easily securing many of the most popular cryptocurrencies available. For a full list of supported assets, check out this page.

Ledger Nano S Review

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