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Ways to invest in VeChain
The first thing to do to invest in VeChain is sign up with a cryptocurrency broker or exchange platform. They let you buy, sell, or trade VeChain coins and you can craft an investment strategy based on your goals and appetite for risk.
Investment vehicles like mutual funds and exchange-traded funds offer ready-made portfolios that you can buy into and let someone else take care of the day-to-day decisions. Learn more about the different approaches in the links below.
What is VeChain?
VeChain is a supply chain management platform for businesses. It uses blockchain technology to track items every step of the way – from supplier to customer – and alert the relevant stakeholders if anything goes wrong. VeChain’s cryptocurrency goes by VET and is used for transactions on the platform.
Take our course on the blockchain to understand more about how it works. It gives you a better appreciation of how a company like VeChain can use the blockchain for everyday tasks, like managing a supply chain.
How to invest in VeChain
You can use a variety of different methods to invest in VeChain. The best one for you depends on how much you have to spend, how soon you want to see returns, and what you want to do with your coins when you have them. Use the list below to learn about the options available to you.
- Broker platforms. Use a broker for the most straightforward buying experience. You can quickly set up an account, navigate to the VET coin page, and buy some instantly at a fixed price. Brokers usually charge for their services, so you might have to add on a fee to the price you pay, and it’s a good idea to do some research before picking one because not every coin is available with every broker.
- Cryptocurrency exchanges. Exchanges are a little more advanced than brokers but make up for it with better prices and a wider range of coins. Instead of buying from the middleman, you buy or sell straight to other users. The big thing to be aware of with an exchange is that some smaller coins can only be bought with another cryptocurrency – like Bitcoin or Ethereum – so you have to swap your fiat currency into that first.
- Funds. Funds pool together money from lots of different investors and hand it to a professional, who decides what to do with it. Each fund usually has a guiding principle, so the fund manager will look for a specific type of investment – high growth or low risk, for example – and use that to help them choose what to invest in.
- Mutual funds. A mutual fund is more appropriate for individual investors because it’s not as expensive to join as a fund. You can buy shares in a mutual fund through your broker, just like a normal stock. In return, you get virtually the same benefits as with a fund: a managed portfolio where a professional makes the decisions. The things to look out for are what each mutual fund holds and the management fees it charges (like with a broker’s trading fees: lower is better), all that information is publicly available and you should read through its information sheet before buying.
- VeChain ETFs. An exchange-traded fund is like an unmanaged version of a mutual fund. Instead of a manager, it tracks the performance of a particular index or market by buying the assets within them. That means they tend to charge lower fees and are available to buy just as easily. ETFs are a good place to start for beginners, or for anyone who wants a low maintenance investment vehicle.
- Crypto debit cards. There are now debit cards available that let you spend your cryptocurrency on your day to day purchases. Generally, they are only available for the most popular coins but more are being added all the time.
- Smartphone apps. You can buy, sell, and trade VeChain from your phone using mobile apps. Brokers often have the best apps with many of the same features that you can find on their website – like virtual accounts and advanced trading options. Exchanges and wallet providers also tend to offer good quality apps.
- VeChain wallets. The best place to store your coins is in a wallet, especially if you plan to hold them for a long time. A wallet is more secure than leaving them in your broker or exchange account, as it uses encryption to store them so only you can access the account. Mobile or web-based wallets are simple to use, while the more security-focused can get one that stores coins on an offline USB device.
Where can I buy VeChain now?
Recent VeChain news
Latest VeChain price analysis
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