How to buy
5 steps to buy on BYDFi
Open BYDFi account for free
Sign up for BYDFi with your email/mobile number and create a strong password to protect your account
Keep your account safe
Enable Google Authentication (2FA), set anti-phishing code, and trading password to add an extra layer of protection to your account.
Verify account
Enter your personal information and upload a photo of your valid ID cardVerify your personal identity
Add payment method
Once your BYDFi account is verified, add credit/debit card or bank account
Buy
There are various payment methods available to purchase VET on BYDFi. We'll guide you through it
Choose how to purchase VET on BYDFi
Buying coins on BYDFi is easy and convenient. Explore different ways to buy
- 1
Buy with credit/debit card
This is the easiest way for new users to buy (VET). Connect your credit/debit card to your account, enter the amount, and wait for the transaction to complete
- 2
Buy through third-party channels
BYDFi supports a variety of leading third-party payment services. Visit ourThird-party payment pageCheck out the payment methods available in your area
- 3
Buy on BYDFi's Spot market
BYDFi's Spot market offers 500+ Coin pairs, making it the most popular buying platform. Buying methods are as follows:1. Buy stablecoins through BYDFi, third-party Coin buying channels. Additionally, you can transfer crypto assets from other wallets or exchanges to the BYDFi platform. Please make sure to choose the correct blockchain network, once you deposit your funds to the wrong address it cannot be reversed.2. Transfer your crypto to BYDFi account. Find the trading pair you want to trade on BYDFi's spot market. Place an order to exchange your currency to
Note: BYDFi offers a variety of order types to buy in the spot market, such as market orders to buy immediately and limit orders to buy at a specific price. For more information about BYDFi order types, click here3. After a successful trade, you can view the available in your account
How to store ?
The best way to store will vary depending on your needs and preferences. Check out the pros and cons to find the best way to store
Store VET in your BYDFi account
Storing assets on BYDFi will give you quick access to trading products such as spot and contract trading, savings, lending, and more. BYDFi acts as the custodian of your crypto assets, saving you the hassle of keeping your private keys. Make sure to set strong passwords and upgrade your security settings to prevent malicious actions from accessing your assets
Deposit your VET to the wallet
「No key, can't withdraw」If security is your biggest concern, you can withdraw to a decentralized wallet, so you can easily manage your key. You can use any type of wallet, including smart wallets, Web3 wallets or paper wallets. Note that this option may not be convenient if you want to frequently trade or use your assets. Be sure to store your private key in a secure location as loss of the key could result in the permanent loss of .
How you can use with BYDFi
Hold
Store in your BYDFi account.
Trade
Trade in spot and futures markets.
Why is BYDFi the best platform to buy ?
Safe and reliable
Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and insurance fund protect your account.
High liquidity
BYDFi has highly liquid buy and sell orders for all listed cryptocurrencies, providing a liquid trading experience with tight spreads
Gem cryptocurrency platform
Supporting over 500 cryptocurrencies, BYDFi is the best platform to find your next Gem. You can buy VET on BYDFi and use it to exchange other crypto assets.
Friendly interface
Thanks to its simple interface and superior technology, buying on BYDFi is quick and convenient. Buy Coin on BYDFi to receive VET
Trade
Answers
Is VeChain (VET) a Good Investment?
One of the most significant advantages VET has over several other platforms in the crypto market is that VeChain was designed for real-world use. The high traction of VeChains offerings among mainstream businesses and the uptick in its adoption could send the VET price upwards, making it a valuable investment to consider.
In addition to enterprise applications, the VET price statistics could also enjoy support from the development of more dApps on its platform. As more developers and users flock to the blockchain, the increase in uptick activity could also drive the price of VET upwards.
As one of the largest cryptos by market cap, the VeChain price is heavily influenced by market sentiment. A bullish mood among investors could increase the confidence of buyers to invest in VET and make it trend upward, making it worth adding to your crypto portfolio.
How High Can VeChain Go?
While it is impossible to offer an accurate VeChain price prediction over any duration based on its past performance, the fundamentals look promising for the crypto project in the long run. Backed by prominent partners from mainstream industries, VeChain enjoys significant interest from established brands, including BMW, PwC, and Walmart China. The VET price has several reasons to hear higher whenever the crypto market performs in the green.
As of June 2022, VET/USDT trades well below its all-time high price based on an analysis of its price history. However, a rebound in market sentiment coupled with rising interest among enterprises and developers to build dApps using the blockchains technology could help VeChain price reclaim its former highs.
Positive fundamentals could not only help VET price bounce back to over $0.27 - its ATH, but also drive it further higher in the future. There is hope for the cryptocurrency, given that its price remains well above its all-time low despite bearish market conditions weighing on digital assets as of June 2022.
How can I stake VeChain (VET)?
You can stake VeChain on DeFi platforms or digital wallets that offer this service. You can also stake directly on the VeChain network to run your Masternode and contribute to securing the blockchain, receiving rewards in return for your efforts.
Let's take a look at how to stake VET on VeChain:
1. Create an account on the official VeChain wallets - Sync (for desktop) or VeChainThor wallet (for mobile users). You can store your VET tokens in either of these wallets to stake VET and earn rewards.
2. Purchase VET crypto on BYDFi or any other exchange that supports VeChain trading. Copy your VeChain wallet address and withdraw funds from your exchange into your wallet to add VET to it.
3. Sit back and start earning rewards for staking VET after transferring them into your wallet. By holding VET, you can earn rewards in VTHO tokens directly in your VeChain wallet.
How to Send VeChain VET to Ledger Nano X Wallet?
VeChain (VET) is supported on the Ledger Nano X wallet, one of the most secure digital wallets for crypto enthusiasts. Follow the steps given below to transfer and store your VET holdings in your Ledger wallet:
1. Download and install the Ledger Live application on your computer.
2. Open the application and connect your Ledger Nano X via the Manager function. Ensure that your Nano X firmware is up to date for maximum security and efficiency.
3. Look for the VeChain app in the App Catalog within Ledger Live.
4. Install the VeChain app on Ledger Live and into the Nano X wallet.
5. Use the Sync desktop wallet of VeChain to create an account and connect it to the Ledger Live interface.
6. Copy the Sync wallet address and import it into your Ledger VeChain account to store your VET securely on your Ledger Nano X wallet.
7. You can transfer your VET tokens into your Sync account and have them appear in your Ledger VeChain account after establishing the connection.
