How to buy Veritaseum (VERI) in Australia

Where to buy Veritaseum in Australia

Unfortunately, at this time no major exchanges in Australia offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

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It looks like VERI may not be available to purchase on an exchange in Australia.

You can still purchase VERI by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

How to purchase VERI using a decentralised exchange.

1. Find VERI on a decentralised exchange and make sure Veritaseum can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
2. Buy ETH to trade for VERI using an exchange like . You will need to purchase enough ETH to swap for VERI as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
4. Trade ETH for VERI on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
5. Wait for the transaction to finalise and the VERI tokens will arrive in your wallet.
6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Australia.

What to consider when buying Veritaseum

Below is a list of defining features of the Veritaseum platform. Learn all about them before deciding to invest in VERI:

• Recent patent approval: Although documentation for the patent of Veritaseum software and protocol was submitted in 2013, the patent was only recently accepted within both the US and Japan. However, since the submission of the patent, many DeFi applications have gone on to include elements that are similar to the now patented Veritaseum technology. This may mean Veritaseum could seek a share of all revenue created from such platforms. Investors looking to gain exposure to VERI will need to keep a close eye on which DeFi-focused applications are potentially using Veritaseums peer-to-peer trading software and the remuneration system Veritaseum may put in place.
• Custom solutions for each protocol: The Veritaseum team of analysts, financial engineers, and macro strategists are responsible for creating custom software solutions that cater to a client's individual needs. Once a product is developed, VERI tokens are then minted to unlock smart contracts and give access to the software. The demand for VERI tokens will ultimately depend on the uptake of Veritaseum software.
• Unique services: The Veritaseum ecosystem offers a holistic set of seven tools, including VeAssets, VeRent, VeADIR, VEResearch, VeExposure, VeManagement, and VeTokenization. Through all of these services, users can easily buy and sell various blockchain assets, while also tokenising assets such as real estate, precious metals, and commodities.

  How to sell Veritaseum

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

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

  Sources

  1. Data by CoinGecko

  Disclaimer: Cryptocurrencies, including Veritaseum, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of VERI 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 Veritaseum or any other cryptocurrency discussed.