How to buy Velas (VLX) in Australia

A beginner's guide to buying and selling VLX in Australia.

Velas
VLX- USD
$0.05
-$0.0002 (-0.42%)

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How to buy Velas

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Velas.

  1. Open an account on an exchange that supports VLX.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Velas.
  3. Buy Velas.
    Complete your Velas purchase and then find the best wallet to store VLX.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Velas?

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. The network has created an innovative consensus mechanism called Artificial Intuitive Delegated Proof of Stake (AIDPos). The protocol aims to combine artificial intelligence (or intuition, as they call it) and “human consciousness”. The Velas blockchain seeks to gather, classify and distinguish patterns and relationships among sets of data that interact with the network, in its quest for higher throughput without giving up security. Velas uses a native token called XLV which has a number of different capabilities. The token is needed to fuel smart contracts and pay transaction fees, and also gives users discounts on fees. On top of all this, it can also be used for staking.

Velas (VLX) is the 323rd largest cryptocurrency in the world by market cap, valued at $105,473,218. The current price of Velas is $0.04833248, which is 0.206% higher than yesterday. Prices have ranged between $0.04860848 and $0.04760217 over the past 24 hours. All prices are listed in US dollars and accurate as of August 05, 2021 04:08 UTC.

Where to buy Velas

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.
Name Product Deposit methods Fiat currencies Cryptocurrencies
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

273
cryptocurrencies

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Velas at a glance

Information last updated August 05, 2021 04:08 UTC.
Coin symbolVLX
Total VLX supply2,139,161,844
Circulating VLX2,178,926,750
Current priceUS$0.04833248
All time highUS$0.208665
All time high dateApril 02, 2021
Notable team membersAlex Alexandrov
PartnershipsTravala
IndustryBlockchain platform
Token usesUtility token
NetworkVelas

Velas price performance over time

Historical prices compared with the price of US$0.04833248.

1 hourN/A
24 hours 0.21%
7 days 6.67%
14 days 25.87%
30 days 8.56%
60 days -33.21%
200 days 31.25%
1 year 8.57%

How to sell Velas

You can cash out your VLX with the same exchange you bought it through:

  1. Sign in to the exchange you have VLX on.
    If you store your Velas in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of VLX you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Velas.

What to consider when buying Velas

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.

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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