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.
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 Bitcoin 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.
Yes, Swyftx is a safe and secure platform to buy and sell VeChain (VET). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of VET is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin 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 Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
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 VET instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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