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.
|Provider||Payment Method||Fees (Approx.)|
|Binance||Tether (USDT) & Altcoins||< 1%|
|Crypto.com||Debit & Credit Card||2.99%+|
|BC Bitcoin||UK Bank Transfer||3% (Exclusive Discount)|
|Cryptomate||UK Bank Transfer||Variable|
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]
In short, I think 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?
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.
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.
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.
Unfortunately, you won’t be quoted the real exchange rate if you buy or sell cryptocurrencies using the Crypto.com app. When I’ve checked, I’ve been quoted prices that were consistently more than 1% more expensive than cryptocurrency exchanges like Binance.
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.
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.Ledger Nano S Review
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