Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy VeChain. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

VeChain

Australia has a good number of reliable and regulated crypto trading platforms, so it’s quite easy finding an exchange that has VeChain. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy VeChain in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy VeChain

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has VeChain in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying VeChain, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer VeChain.

If you’d like to learn more about the exchanges we recommend, look at our list of the easiest crypto exchanges.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy VeChain, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy VeChain

The final step is to go to their asset list, find VeChain, navigate to the buy section, and then trade your AUD for some VET. Once you’ve bought VeChain, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy VeChain (VET)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell VeChain

If you’re thinking about selling VeChain, just follow the steps below.

  1. Sign in to the cryptocurrency trading platform (like Swyftx).
  2. Click on VeChain in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell VeChain for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying VeChain in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy VeChain with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find VeChain. Have a look on their site first, you might be lucky.

How to buy VeChain with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy VeChain with your credit/debit card.

About VeChain

Venus, an algorithmic money marketplace as well as a synthetic stablecoin protocol, was launched exclusively by Binance Smart Chain.

This protocol allows users to quickly borrow against collateral and avoid transaction fees. Venus allows users to instantly create VAI stablecoins by posting minimum 200% collateral on the Venus smart-contract.

VAI tokens are synthetic BEP-20 token assets that are pegged to the value of one U.S. dollar (USD), whereas XVS tokens are also BEP-20-based, but are instead used for governance of the Venus protocol, and can be used to vote on adjustments--including adding new collateral types, changing parameters and organizing product improvements.

XVS community members have complete control over the protocol's governance. Any XVS token allocations are restricted to the Venus founders, team members and other advisors.

Venus' greatest assets are its speed, low transaction costs and high efficiency. It is built on top of the Binance Smart Chain. It's the first protocol that allows users to access lending markets for Bitcoin (BTC), XRP Litecoin (LTC), and other cryptocurrencies.

Customers who use Venus Protocol to obtain liquidity don't need to pass a credit check. The Venus decentralized application makes it easy to apply for loans quickly. The location of the user is not a factor. Credit scores and other factors are irrelevant. Users can access liquidity any time they need it by securing sufficient collateral.

These loans are funded by the contributions of Venus users, who receive a variable annual percentage. These loans are secured with over-collateralized deposits made by Venus borrowers.

To avoid market manipulation attacks, the Venus Protocol uses price feeds from Chainlink. This ensures that accurate pricing data cannot be altered. With the Binance Smart Chain, the protocol can access price feeds at lower prices and with greater efficiency. This lowers overall system costs.

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