How to buy VLX (Velas)? Which platform can buy VLX (Velas)?

To acquire Velas Network (VLX), register on an exchange like Binance or KuCoin, deposit funds, find the VLX trading pair, place a buy order, and store your VLX securely in a hardware or software wallet.

Oct 12, 2024 at 10:41 pm

How to Buy VLX (Velas)?

Velas Network (VLX) is a blockchain platform that offers fast and secure transactions. It is designed to serve as a decentralized infrastructure for various applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and supply chain management.

Step 1: Register on an Exchange that Supports VLX

Several cryptocurrency exchanges allow you to buy and sell VLX. Here are some recommended platforms:

• Binance
• KuCoin
• Gate.io
• Huobi Global

Step 2: Fund Your Exchange Account

Once you have created an account on an exchange, you need to deposit funds to purchase VLX. You can do this via bank transfer, credit/debit card, or other supported methods.

Step 3: Find the VLX Trading Pair

Locate the trading pair for VLX, typically denoted as "VLX/USDT" or "VLX/BTC," on the exchange. This will indicate that you can buy VLX with Tether (USDT) or Bitcoin (BTC).

Step 4: Place a Buy Order

Enter the amount of VLX you want to buy and the price you are willing to pay. You can choose between market orders (executing at the current market price) or limit orders (executing at a specific price).

Step 5: Confirm the Transaction

Review the order details and click on "Buy VLX" to place the order. The exchange will process the transaction and credit the purchased VLX to your account.

Where to Store VLX

After purchasing VLX, you can store it on the following platforms:

• Exchange Wallet: You can keep your VLX on the exchange's wallet for convenience, but it is generally considered less secure.
• Hardware Wallet: A hardware wallet, such as Ledger or Trezor, provides a higher level of security by storing your private keys offline.
• Software Wallet: Software wallets like MetaMask or Trust Wallet offer a mix of convenience and security. They allow you to interact with dApps and manage your assets from any device.