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VeChain (VET) is the cryptocurrency of a service platform with a decentralized structure. VeChain primarily focuses on the supply chain sector and was established by the VeChain Foundation. VeChain aims to solve the supply chain, which is normally troublesome and laborious, in a completely decentralized structure by giving different permission rights to different people through blockchain. Offering services not only to institutions but also to individuals, VeChain is considered one of the first projects that come to mind when thinking of decentralization.
What is VeChain?
The VeChain infrastructure not only simplifies the supply chain system but also protects it against counterfeiting. In the pharmaceutical and food industries, there is a lot of shipment of fake products or products below the specified quality. Moreover, each step in the logistics for a product to be shipped and received involves many additional steps. Each step is seen as a separate time loss, and a lot of expense and time are spent during this process.
VeChain, on the other hand, has a structure aimed at solving this entirely with smart contracts. VeChain, which has signed many partnerships in this regard, really introduced a product that the supply chain, which had come to a standstill during the Coronavirus period, needed, and thus entered the sector. Among VeChain’s partners are world-famous companies such as Jaguar, BMW, DNVGL, and PwC. The VeChain infrastructure, which uses smart contracts, can handle all transactions without the need for intermediaries, solely through smart contracts without any payment.
In fact, VeChain creates a bond of trust between the producer and the buyer without the need for any intermediary or additional costs. Launched in 2017, the cryptocurrency of VeChain, VeChain Coin, also achieved a significant rise in this context and managed to enter among the market‘s most talked-about projects. The industry targeted by VeChain is actually quite susceptible to growth, and it is possible to say that those who buy VeChain coin benefit from it.
So what needs to be done to buy VeChain coin and is it easy to purchase VET?
How to Buy VeChain Coin?
Actually, buying VeChain is quite easy due to the popularity of the cryptocurrency. You can easily purchase VeChain through Binance, one of the world’s leading cryptocurrency exchanges by trading volume.
To buy VET coin, you can follow these steps:
- To buy VeChain, you first need to deposit dollars into the exchange or buy a cryptocurrency that can be used instead. For this, first go to the Binance homepage, click on the “Buy Crypto” option in the upper left, then click on the “Credit/Bank Card” tab.
- In the opened tab, select how much dollar you want to transact with, and mark Tether, USDT, in the Coin section.
- After buying USDT, again preview the “Buy-Sell” option in the upper left and click on the “Basic” tab.
- In the opened section, from the “Convert” part, select USDT as “Source” and VET as “Destination”.
- Enter the amount you want and complete the VeChain purchase by confirming the transaction.
Buy VeChain
Buying VeChain on Binance is easy and you can complete the transaction in minutes with a high liquidity guarantee. The fact that VeChain’s highest volume is also due to transaction pairs on Binance reveals that a large part of the community uses Binance. It is obvious that there is more than one reason for this.
