Where’s the best place to buy VeChain (VET) in the UK?
For a popular cryptocurrency like this, 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.
|Provider||Payment Method||Fees (Approx.)|
|Crypto.com||UK Bank Transfer||0%|
|Binance||Tether (USDT), Binance USD (BUSD), Binance Coin (BNB), Ethereum (ETH), & Bitcoin (BTC)||< 1%|
|Crypto.com||Debit & Credit Card||3.5%|
|BC Bitcoin||UK Bank Transfer||4%|
|Cryptomate||UK Bank Transfer||7%|
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. Crypto.com App [Quick & Easy]
In short, the Crypto.com app is the best place to 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 without getting ripped off.
The best payment method to use with Crypto.com is a UK bank transfer. Crypto.com supports Faster Payments, which means your GBP transfers to them should be credited within a few hours. Once it’s credited, you can buy VeChain (VET) and loads of other cryptocurrencies at the real exchange rate without paying any fees.
If you prefer, you can also use a credit or debit card on Crypto.com to instantly buy any of the cryptocurrencies they support. Even though it’s quicker, it works out a lot more expensive (normally fees are 3.5%).
As I’ve already touched on, 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.
#2. Binance [Popular Crypto Exchange]
If you don’t want to use a mobile app, then Binance is another good choice.
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. However, it’s going to work out cheaper to just purchase Bitcoin (BTC) elsewhere and then send it over to Binance.
This whole process is quite slow. With alternatives like Crypto.com available which are more convenient and charge no fees, I don’t see much benefit of taking this route (for the average person).
Anyhow, check out the official website to learn more. You might prefer it!
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):
- Atomic Wallet (Desktop & Mobile Wallet)
- VeChainThor Wallet (Mobile Wallet)
- Ledger Nano S (Hardware Wallet)
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.
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