Velas VLX

1.Choose an Exchange

Velas can’t be purchased through your bank or investing firm yet — though some organizations are working toward that possibility in the future. For now, you’ll have to go through a cryptocurrency trading platform to exchange your U.S. dollars (fiat currencies) for Velas or other digital currencies.

There are 16 of Velas exchange you can use to buy crypto online, but a few of the more popular ones are Kucoin, MXC.com, Gate.io These exchanges are online platforms where you can buy and sell

cryptocurrencies. Available coins

Not all exchanges offer every single cryptocurrency out there.

Velas are traded on our recommended exchanges

Exchange	Action
Kucoin	Trade now
MXC.com	Trade now
Gate.io	Trade now

Security

Cryptocurrency investments are not backed by a central institution like FDIC-insured bank accounts. If your account is compromised, or the platform where you keep your coins is hacked, you could be at risk of losing your investment.

If you plan to keep your crypto on your account with an exchange (rather than move it into your own crypto wallet), make sure you choose an exchange that uses offline, cold storage, and has strong protections against theft. Some exchanges also have independent insurance policies to help protect investors from potential hacking.

Fees

Exchange fees can vary greatly, and may be applied as a flat fee upfront or as a percentage of your trades. Fees can be based on price volatility, and many are charged per transaction.

While fees should definitely be a consideration, experts say you also get what you pay for, especially when sticking to the bigger, more established exchanges like Kucoin, MXC.com, Gate.io. If an exchange has more protections, better security, or other important features to you, it may be worth slightly higher fees.

Some exchanges charge fees based on a spread, or margin on top of the market price. Others base fees on a flat rate or percentage of your total purchase, which can vary based on your location, payment method, and other factors.

Exchanges with more active trading features often use a fee model determined by market price fluctuations, known as maker-taker fees. If you buy at the current market price, you’ll be charged a (usually higher) “taker” fee. Or, you can set a price at which you want to buy, and wait for the market to reach that point. That’s known as a limit order, and incurs a “maker” fee.

Make sure you know what fees you’ll be charged — which you can find on the exchange’s website — before signing up. The fee structure should be clearly stated when you make your purchase, but it can help to factor in that cost beforehand so you don’t spend more than you expected.

Compare exchange fees

Exchange	Maker fees	Taker fees	Action
Kucoin	0.1%	0.1%	Trade now
MXC.com	0.2%	0.2%	Trade now
Gate.io	0.2%	0.2%	Trade now

2.Choose how you want to buy the Velas(VLX) asset.

A. Credit Card and Debit Card : Link your debit or credit card, fill in your purchase amount in the order form, verify the payment, and wait for the transaction to be completed

B. Bank Deposit :What are the pros of buying with a bank account?

The benefits of using a bank account are fees. Bank account is usually the cheapest deposit method for buying coins. Limits are also usually higher when using a bank account, assuming you have verified your account.

What are the cons of buying with a bank account?

The cons are speed. Bank transfers are slow in many countries, so bank transfer is often the slowest way to buy Velas.

C. P2P Trading
D. Third Party Payment

3.Safe Storage

The best place to store your Velas depends on what you intend to use them for. it may be best to keep them with the crypto exchange or broker where you do your trading, especially if you’re trading frequently or in the near term. Others may opt for a crypto wallet, A cryptocurrency wallet is a place to store digital currency. There are various types of cryptocurrency wallets available, and they all have different levels of security associated.

Two popular options for this latter group include hot wallets and cold wallets.

With a hot wallet, Velas is stored by a trusted exchange or provider in the cloud and accessed through an app or computer browser on the internet. Any trading exchange you join will offer a free Velas hot wallet where your purchases will automatically be stored. But many users prefer to transfer and store their Velas with a third-party hot wallet provider, also typically free to download and use.

Cold wallet providers include: Trezor: This company offers small, key-size cold wallets ranging from about $60 to $220. Ledger Nano: Designed like a thumb drive, Ledger Nano has cold wallets ranging from about $60 to $120.

What information is needed to purchase Velas?

When you open an account at a traditional brokerage or a crypto exchange, you’ll need to provide basic personal information. Of course, you’ll need to provide your name, but the firm will also require other data such as your Social Security number, your address, your phone number and your bank account number. You may also have to detail how much trading experience you have and how comfortable you are with trading, depending on the institution.

.What can you do with your Velas?

Once converted from Velas to a fiat currency, Velas users can use their cash to purchase anything they want.

As far as using Velas directly for payments, those options are much more limited.

Hold

A lot of customers hold onto their Velas in the hope that its value goes up.

Spend

Use your Velas to pay for travel, buy gift cards, eat at restaurants, and more. The number of places that accept Velas is growing every day.

Sell

Selling crypto on Kucoin, MXC.com, Gate.io is easy, and you can cash out your proceeds to your bank or PayPal account.

Transfer

Unlike sending money overseas, you can send Velas to anyone in the world virtually instantly.

Convert

Want to own other crypto? Convert any portion of your Velas balance to another crypto.

Give

Donate Velas to people in need on websites such as