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How & Where to Buy VeChain A Step-by-Step Guide to Buying VEN

Congratulations! You can buy VeChain directly with cash at Binance.US.

  1. Sign up at our one of our top-ranked VeChain exchanges.
  2. Fund your new account with cash or crypto.
  3. Buy VeChainVEN

Read on for detailed instructions below on where and how to buy VeChain and you will be a VeChainVEN owner in no time at all.

  1. STEP 1Register at a VEN Exchange

    Best VeChain (VEN) Exchanges

    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      54

      Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies, and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states including New York & Texas.

    After choosing one of the exchanges listed above, you will need to create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase VeChain VeChainVEN quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy VEN with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for VEN.

Frequently Asked Questions About Buying & Selling VeChain (VEN)

How do I Buy VEN with Crypto?

If you want to buy VEN with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Binance.US and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Binance.US.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell VeChain (VEN)?

To sell VEN, simply reverse the buying process described above. You will likely need to trade your VeChainVEN into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

VeChain Research Center

VeChain Technical Details & Statistics

Tokenomics
  • Market Rank21
  • Market Cap5,896,100,604
  • Circulating Supply64,315,576,989
  • Total Supply86,712,634,466 VEN
  • Max Supply86,712,634,466
Yesterday's Trading
  • 24 HR Volume604,596,017 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is VeChain?

VeChain is an Ethereum-based, supply and logistics blockchain token. It aims to help both customers and manufacturers keep track of their orders and the integrity of each order, thereby reducing reduction of errors and instance of lost items. VeChain allows manufacturers to assign special attributes and unique product identities to each of their products.

Through securely maintaining this information on a ledger, the transportation of supplies can be made more transparent and its information available to anybody with the private keys for each order. In addition to providing private, supply-related information, each product can also have public information which does not require the holding of private keys to access. Their system makes use of the blockchain’s ability to be both transparent and anonymous at the same time, depending on what level of access is granted to each individual.

History of VeChain

The initial VeChain concept was designed in the second half of 2015 by computer networking specialist Sunny Lu and brought into development in 2016. Lu is a co-founder of the “blockchain-as-a-service” company, BITSE, which recently teamed up with PricewaterhouseCoopers to “boost blockchain adoption in the Asian Pacific markets.” He also has experience working in fashion and retail as CIO of Louis Vuitton China, where he helps franchises of the clothing chain spread across vast parts of eastern Asia.

After several additions, adjustments, and documentation releases, VeChain officially launched on November 2nd, 2016, with a widespread release of their “v3.0” client in May 2017, and token listing on altcoin exchanges by August 2017. One of their first model case scenario clients was a brand name Chinese wine importing company who saw VeChain as an appropriate solution to stopping the illegal distribution of “counterfeited” or imitation wines. To date, they have helped distribute over 1 million bottles of wine for the company.

VeChain has several more components with future release dates and plans for 100% of the operation to go live by Q2 2018.

How VeChain Works

Through utilization of Ethereum’s vast and open-ended API source code, VeChain has developed what they describe as a “blockchain-enabled enterprise software platform.” This basically means that it is accomplishing its goals by plugging proprietary software into the Ethereum network, which allows it to act both privately and transparently at the same time.

Product information can be accessed through scanning the QR code of a product with the VeChain app. Sometimes product information is represented in a chip under the tag of a product.

Excerpt from the token’s most recent Executive Summary:

“From recording the origins of the source materials or ingredients, servicing history or spare part replacements, through to the entire manufacturing process, all components are recorded, right up to who becomes the owner of the product and if it is sold, to whom.”

Why VeChain?

  • Novel blockchain solution for merchandise logistics problems, uses own software to interact with the Ethereum Virtual Machine
  • Can cut down on product forgery or imitations
  • Can verify product authenticity, integrity and a wide arrange of manufacturer-designed variables