How to buy VLX (Velas)? Graphic tutorial on the steps of buying and selling VLX (Velas)

Step 1 in purchasing VLX (Velas) involves selecting a reputable cryptocurrency exchange like Binance or KuCoin, signing up for an account, and completing the verification process.

Oct 06, 2024 at 09:54 am

How to Buy VLX (Velas): A Step-by-Step Guide

Step 1: Create an Account on a Cryptocurrency Exchange

• Choose a reputable exchange that supports VLX trading, such as Binance, KuCoin, or Gate.io.
• Sign up for an account on the exchange and complete the verification process.

Step 2: Deposit Funds

• Transfer funds into your exchange account using supported methods such as bank transfer or credit/debit card.
• Select the currency you want to use to purchase VLX, e.g., USDT or BTC.

Step 3: Find the VLX Trading Pair

• Navigate to the "Trading" section of the exchange and search for the trading pair corresponding to your chosen currency, e.g., VLX/USDT.

Step 4: Place a Buy Order

• Choose the type of order you want to place (e.g., market order, limit order).
• Enter the amount of VLX you want to buy.
• Review the order details and click "Buy VLX."

Step 5: Store Your VLX

• Once your order is filled, your VLX will be credited to your exchange wallet.
• Consider withdrawing your VLX to a secure hardware wallet for long-term storage.

Additional Notes:

• Fees: Exchanges typically charge fees for deposits, withdrawals, and trades. Check the exchange's fee schedule before buying VLX.
• Trading Strategies: Market orders execute immediately, while limit orders allow you to specify a specific price at which you want to buy or sell.
• Market Volatility: Cryptocurrency prices can fluctuate rapidly. Monitor the market and make informed trading decisions.