In 2015, Sunny Lu founded VeChain (VET), which has since grown as one of the earliest distributed ledgers carefully crafted to meet the needs and requirements of businesses across the world.
Sunny Lu was the CIO at Louis Vuitton China before the creation of VeChain, the leading enterprise blockchain platform. In the process of founding VeChain, its creator envisioned building a trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration, and high-speed value transfer.
More About VeChain (VET)
VeChain is a blockchain-based system that has been meticulously designed to facilitate and improve supply chain management and business processes. VeChain uses distributed ledger technology (DLT) to streamline processes and information flow in complex supply chains. To accomplish this, VeChain employs two tokens, including VET as a value layer and VeChain Thor Energy (VTHO) as a smart contract layer.
VeChain was founded as a subsidiary of Bitse, one of China’s largest blockchain companies, with the VEN token operating on the Ethereum blockchain. However, in 2018, VeChain underwent a rebranding and transition to its blockchain, with the VEN blockchain becoming the VeChainThor (VET) blockchain, which aims to serve more than just supply chain applications through smart contract support.
Where to Buy VeChain (VET)
VeChain is available on lots of crypto exchange platforms. However, the few we have here were chosen for a variety of reasons, the most pronounced of which are credibility, experience, and ease of use.
- Binance
Binance is widely regarded as the largest and one of the best cryptocurrency exchanges in the world. Users across the world can purchase VeChain (VET) via Binance.com. But Binance.US is specially designed for United States residents.
It is very simple to purchase VeChain (VET) from Binance. Open an online account, and a Vechain wallet address will be automatically created for you. Then make your purchase from the comfort and security of your own home. While you may or may not be able to access this coin on a centralized exchange depending on your location, Binance has some significant competitive advantages over other exchanges, including lower costs and higher assets in terms of liquidity.
- Changelly
Changelly is a simple in-browser web-based cryptocurrency exchange that was founded in 2016 and is best suited for beginners. There are several reasons why purchasing from this exchange is a good ide.
Changelly offers a variety of deposit and withdrawal options, which is especially useful when users want to buy cryptocurrency or convert any crypto asset to another in a quick, simple swap without submitting KYC documents, or when they want to buy cryptocurrency anonymously, without ID. It also makes it possible and simple for customers to compare prices when purchasing VET, thanks to its crypto deals with a number of reputable fiat suppliers.
- Uphold
Uphold is a leading, reputable, and credible exchange in the United States that provides its customers with unique and innovative experiences when dealing with a variety of cryptocurrencies, including VeChain (VET). They are well-known not only for their solid reputation but also for other factors, such as ease of use and innovation. For example, they provide their customers with desktop and mobile app trading experiences that are highly innovative, simple to use, and customizable. In a nutshell, Uphold is an excellent platform for purchasing VeChain (VET).
- KuCoin
KuCoin, which is currently only available to residents of the United States, provides its customers with over three hundred reputable and widely accepted tokens in addition to VeChain (VET).
This exchange has not only established a reputable name and face for itself in this changing world, but it is also one of the few platforms that offer competitive fees and trading costs. However, the main strength of this exchange is likely to be its continuous evolution for the better, which helps in maintaining its user base.
KuCoin has progressed from the era of crypto-to-crypto trading to providing a wide range of improved services, the most notable of which are purchasing with credit or debit cards and a peer-to-peer (P2P) exchanging feature.
- WazirX
WazirX, which has over 15 million users from all over the world, making it the largest cryptocurrency exchange in India, has built a reputation for itself since its inception. WazirX is a good exchange that provides VeChain (VET) trading opportunities to customers all over the world. While this exchange was initially thought to be part of the Binance group, the latter has recently distinguished itself from the former. Regardless, WazirX is a good platform for purchasing VeChain (VET).
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