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How to buy Velas (VLX) in Australia

Learn how to buy Velas (VLX) in our step-by-step guide.

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You can buy Velas (VLX) on a cryptocurrency exchange like Paybis. These specialised marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Virtual Expanding Learning Autonomous System, or Velas, is a high throughput blockchain that aims to automise its operating parameters through a unique set of features. Here's how to buy Velas.

How to buy Velas in 4 easy steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Velas is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit $ using the payment method that best suits you – bank transfer, cryptocurrency, neteller and skrill payments are widely accepted.
  4. Buy Velas
    You can now exchange your funds for Velas. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Velas to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Velas in Australia

Find an exchange to buy, sell and trade VLX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

1 - 2 of 2
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Paybis Cryptocurrency Exchange
Paybis Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Neteller, Skrill, Credit or Debit Card
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

404
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Bittrex Global
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR

296
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Compare up to 4 providers

How do I find the best places to buy Velas?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Velas?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Velas.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing VLX with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

Where can I buy Velas with a credit or debit card?

Once you've created an account, you will need to deposit funds to buy VLX with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy VLX on the following exchanges:

Exchange
Bank deposit
Card deposit
Crypto deposit
Buy VLX
Go to Paybis Cryptocurrency Exchange
Go to Bittrex Global
  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase VLX by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for VLX on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Velas?

The easiest way to buy VLX is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying VLX, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Velas has been performing recently.

Best Velas wallets to store your VLX

You can keep your VLX on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Velas a good investment?

Velas has recently announced the implementation of Velas 3.0. It will be formed by dozens of interrelated parts, with the goal of making the blockchain easier to access, more inclusive and more powerful. Although Velas is highly complex and technical in nature, its one-of-a-kind approach, the AIDPoS consensus mechanism and recent network upgrade should warrant users' attention.
  • Experienced team. Velas was founded by Alex Alexandrov, a crypto entrepreneur and prominent blockchain explorer. He is also the founder of CryptoPayments, the world’s #1 gateway for cryptocurrency payments.
  • Speed. The Velas team claims it can handle a high transaction throughput, of up to 50,000 t/ps. On top of that, due to the underlying capabilities of its delegated proof of stake, it requires up to 80% consensus for block validation, greatly reducing the possibility of malicious actors overriding the system.
  • BitOrbit. This is Velas’s new social content platform which includes a XLV wallet, file-sharing capabilities, chat functionality and more
  • Built for users, developers and merchants. It's built as a Telegram-style model, although enhancing it with several other capabilities, creating a complete social network.
  • New IPFS-powered content distribution platform. Establishes new community governance guidelines to eliminate certain content, and provides a file hosting and sharing platform which users can monetise.

Additional information about Velas can be found using our VLX analysis tools.

Today's Velas price versus ATH

Compare today's price of Velas ($0.04270205 USD) against its all-time-high price of $0.568966 USD on 04 January 2022. The closer the bar is to 100%, the closer VLX is to reaching its ATH again.

Velas's price: $0.04352402 USD
ATH date: January 04, 2022
7.65%

Velas ATH: $0.568966 USD


How to trade, convert or sell Velas

You can convert or sell your VLX with the same exchange you bought it through:
  1. Sign in to the exchange you have VLX on.
  2. If you store your Velas in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of VLX you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Velas.
  6. Complete your transaction and move your VLX to a wallet for storage.

Disclaimer: Cryptocurrencies, including Velas, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of VLX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Velas or any other cryptocurrency discussed.

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