How to buy VeChain Token token
Step 1: How to Create a VeChain Token VEN Wallet.
To receive VeChain Token tokens, you will have to create an ERC20-Ether wallet. The two popular wallets that you can use are MetaMask and MyEtherWallet. In this article, we are going to focus on the former.
It is important to know that MetaMask is an Ethereum browser It supports every ERC-20 token, including VeChain Token tokens. Its features are similar to those of a regular Ethereum wallet. This means that you can use it to sign smart contracts and interact with Dapps. When using MetaMask, you don’t have to download a big software or install any blockchain. You can install it just as an extension into your browser.
Here are the steps of adding MetaMask extension in Google Chrome browser:
1. While on your Google Chrome, locate the MetaMask extension plugin(https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en).
2. Click the *+ADD TO CHROME* button the complete installing the extension.
3. Once the installation process is complete, a new tab will open containing the MetaMask extension button at the top right corner of the browser.
4. Click the MetaMask button, click *Try it now* To use new version of metamask, then click CONTINUE .
5. You will be prompted to enter a unique and strong password. Ensure that you save the password somewhere for future reference. After that confirm your vault password,, click the *Create* button.
6.then scroll down to accept its terms of use, you will see a new window showing a list of 12 words. Please ensure you have saved them somewhere safe and secret ,then click next to Confirm your Secret Backup Phrase.
Note: Copy these 12 words and keep them in a safe place or simply download the words as a file. These words will be the only way to regain access to your account once you need to restore it.
Now that you have installed MetaMask wallet, let’s see how to receive and send ETH on MetaMask.
#1. To receive ETH,click on Account 1 to *Copy Address to Clipboard*.
#2. Transfer Ethereum to your MetaMask account address
Important Note:
When I first got into cryptocurrency, I didn’t know much about wallets; let alone hardware wallets. I would just buy my tokens and hold them on MetaMask and MyEtherWallet .Honestly, I was afraid of sending tokens anywhere because I didn’t know much at the time, and thought there was a chance my tokens would get lost. Now that I’ve been in this for a little while now, I understand the importance of having full control over your investment and allows you to keep your token investment as safe as possible, while still being able to access it.
Which hardware wallets support VeChain Token token?
Ledger Nano S is one of the most popular hardware wallets on the market. Founded in 2015, Ledger has already sold over one million devices in over 160 countries.
TREZOR launched in August 2014 as the first Bitcoin hardware wallet, offering secure bitcoin storage plus the ability to spend with the convenience of a hot wallet. TREZOR is a small, thumb-sized device.
Step 2:How to purchase Ethereum And Bitcoin To use in the buy of VeChain Token.
There are many ways to buy Ether and bitcoin and this section will discuss the Four best options.
1-CoinBase.com , available to users in over 30 countries, is the world’s largest Bitcoin broker. Customers can buy bitcoin with a connected bank account, SEPA transfer, Interac Online, and many more payment methods.
- High liquidity and buying limits
- Easy way for new users to buy bitcoin
- Instant buy available with credit card as backup
- $10 Sign up bonus for new members
Credit card is the most popular payment method on Coinbase.
2-CEX.IO is one of the oldest Bitcoin exchanges around. It started out in 2013 in London as a Bitcoin exchange and cloud mining provider. At some point its mining pool, known as Ghash .io , was so big it held 42% of the total network mining power.
- Simple and easy to buy bitcoin.
- Secure and safe.
- Less trading fee.
- Different payment method available.
- Good customer support.
3-Coinmama is a Bitcoin broker that has been operating since 2014. They allow customers from nearly any country to purchase ether with a credit card or debit card. Coinmama has some of the highest credit card buying limits among all credit card brokers.
- Almost all countries are accepted (including some parts of the US)
- Less trading fee.
- Fast and responsive customer service
- High limits for buying bitcoins with a credit/debit card.
4-localbitcoins is the largest peer-to-peer service which helps to match Bitcoin buyers and sellers who live close to each other, enabling face-to-face and online transactions. The platform also provides an escrow service which is used to ensure fairness of every transaction made by the users.
- trading of local currency for bitcoins.
- Private and fast.
- Easy to Use.
- Now ID verification is required.
Step 3:How to Connect MetaMask to ForkDelta.
ForkDelta is a decentralized exchange platform that provides ERC20 tokens for sale and adds new tokens on a regular basis. The platform uses Ethereum’s smart contract system to authenticate its transactions.
1) Open VEN on ForkDelta.
The link to VEN/ETH trading pair on ForkDelta is https://forkdelta.app/#VEN-ETH. Your Metamask wallet should be automatically identified by ForkDelta. You can check if the identification worked from the top-right corner of the screen.
2) Send etherum from Metamask to ForkDelta.
Here’s a picture of the top-left corner of the trading window. I have no BDG token on my Metamask wallet or on ForkDelta. It is called EtherDelta in the window, because the funds you send over to ForkDelta are stored over EtherDelta’s smart contract for now. This will change in the future when ForkDelta has its own new smart contract. I have a balance of 0.020 ETH in my Metamask wallet and 0.009 ETH in the EtherDelta smart contract. I have written 0.005 into the deposit box. Pressing the deposit button will initiate Metamask to send 0.005 ETH to EtherDelta smart contract for my use in trading over ForkDelta.
Step 4:How to Trade VeChain Token VEN in ForkDelta Exchange.
Trading :
To trade, you can either go directly into the exchange’s order book and click on the bids and offers that suit your trade or you can enter your own order into the order book to trade at the price that you feel comfortable with.
To place an order, you need to enter the amount and the price of the token you want to trade in the *New Order* panel and then click *Buy* or *Sell* depending on what your intentions are. Once that is done, your order will be placed into the order book, and you need to wait for the order to be filled.
Once the order is filled, and the trade is executed, you can view your new token balance in the balance panel on the top left.
Step 5:How to Withdraw the VeChain Token VEN tokens from ForkDelta smart contract to Metamask.
To withdraw funds from the ForkDelta, go to the Deposit/Transfer/Window tab at the top left end of the browser. Select the amount of VeChain Token VEN tokens that you would like to withdraw into the connected MetaMask wallet. Once you accept, the tokens will be transferred to your wallet.
Mark VeChain Token VEN as a custom token in Metamask so that it shows up.
Open Metamask from the top right corner of your browser, go to Menu and click *Add Token* ,then click *Custom Token*.
From this window, write the VeChain Token VEN token address . The Token Symbol (VEN) and Decimals of Precision (18) should be filled automatically. then click *Next* After this, the VeChain Token tokens should show up on Metamask Tokens tab after the transfer from ForkDelta smart contract is complete (it can take hours if you were frugal with the gas price).
how to find VeChain Token token address(Smart Contract):
to get VeChain Token token tracker address go to the Tokens tab then Look for VEN and Click on it , A pop-up window with token information will appear, Copy Smart Contract Which begins 0x .
Conclusion
ForkDelta is a decentralized platform that allows VeChain Token token owners to trade securely and efficiently. With this guide, you will have an easier time interacting with this exchange platform.
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