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About VeChain (VET)

Supply chain blockchains like Vechain have started to become a buzzword at the end of 2020. That’s because supply chain companies are looking for ways to improve their solutions even further. That’s where supply chain blockchains like VeChain come in. 

Fresh off a Walmart partnership announcement, VeChain has an opportunity to create a platform that gives the world the supply chain-equivalent of an official seal of approval. Beyond the Walmart partnership, VeChain anticipates using blockchain to increase efficiency and transparency within China. You can basically think of the Vechain blockchain as a truth-recorder for every step of a supply chain. It combines physical tracking and blockchain records to keep a close account of real-world products. Vechain has technology that can detect fraud and counterfeit in the retail space. It answers whether technology is real, or whether it’s fake. The company was founded in 2015 by the former CIO of Louis Vuitton.


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VeChain FAQs

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Where is the best place to buy VeChain?

The best place to buy VeChain is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade VeChain and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

How is the price of VeChain determined?

The price of VeChain is determined by the forces of supply and demand in the market. Similar to other assets, the price of VeChain is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for VeChain are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy VeChain with credit card?

Swyftx does not allow you to directly buy VeChain with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy VeChain instantly.

Top Traded Assets on Swyftx

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Period: Last 24 hours

VET Buys and Sells

By number of orders

17% Buy

Period: Last 24 hours

This should not be used to make investment decisions.

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.