Vera (VERA) is the native token to the Vera system. This system brings DeFi and a host of other Web3 aspects to other blockchain systems, bringing protocols of integration, monetization, and interoperability to various systems via the parachain model.
What is VERA?
Vera (VERA) is the native token to the Vera system. Finalizing its ICO on September 23rd, 2021, this protocol layer brings DeFi to other blockchain operating systems. What this means is that systems that did not benefit from touted benefits of NFT lending, renting, and mortgaging could now integrate these features via Vera.
As a business model, Vera takes an opening percent of the DeFi operation and then interacts as a rudimentary form of broker for the deal, but while remaining more or less decentralized. As more business is conducted between parties, VERA token value would rise accordingly.
On the technical side, Vera operates via the ERC-20 and is chaired by CEO Denis Lam, and is co-founded by Yat Siu. At the time of writing, this token has a global coin ranking of #3658 according to coinmarketcap. Additionally, this coin has a market cap of $3,261,452 and a fully diluted market cap of $77,484,104.
Step 1: Register on Fiat-to-Crypto Exchange
To begin, you’ll need to buy another cryptocurrency, which you can then exchange for VERA. Bitcoin (BTC) or Ethereum (ETH) are two primary options. However, we’ll be using Ethereum in this handy guide.
You’ll need to join a Fiat-to-Crypto Exchange to purchase ETH. You have a lot of options when it comes to choosing a crypto exchange, and each one is a bit different, so it pays to browse around. However, we will use CryptoWallet as an example.
CryptoWallet is a safe and simple-to-use program available for download from the Apple App Store or Google Play Store. Simply follow the onscreen instructions to link one of your fiat accounts to CryptoWallet once it has been downloaded to your device. After that, you may deposit funds straight into your CryptoWallet account from your bank account.
Step 2: Buy BTC with Fiat Money
After transferring funds into your CryptoWallet account, you may now exchange them for ETH.
For your next step, go to the CryptoWallet app’s trading page and look for Ethereum. Then select the quantity you’d like to purchase and click “Buy.” CryptoWallet offers a variety of price comparison charts, market data statistics, and trading tools to help you make the wisest financial decisions with your money.
There will be a brief confirmation time following the completion of your ETH purchase before the amount of BTC purchased, as well as any remaining money, are displayed in your CryptoWallet account.
Step 3: Transfer BTC to an Altcoin Exchange
Now that you’ve got some ETH, your next step is going to be to trade that ETH for some VERA. For this, you’ll need to join an Altcoin Exchange.
Often, shopping around for an altcoin exchange that best matches your requirements is considered to be a smart idea. But the very first thing you should be looking for is an altcoin exchange that holds the ETH/VERA trading pair. When it comes to VERA, you have quite a few options. For example, Gate.io, Uniswap, (V2) PancakeSwap, and DODO are just some of your choices.
But in this guide, I will be using Gate.io.
Now you must create an account on Gate.io and begin trading. The registration process will be straightforward, requiring only basic information, KYC information, and security measures such as passwords and two-factor authentication. (2FA)
Gate.io will tell you when your account is ready to trade once you’ve completed these procedures. Then send some ETH to your new Gate.io account using your CryptoWallet account. Select “deposit money” from the drop-down menu on the Gate.io “funds” page. After that, Gate.io will provide you with a wallet address or a QR code. Then select funds from your CryptoWallet account. Scanning/inputting the Gate.io address and entering the amount you want to send to your CryptoWallet is now complete.
After a brief confirmation time, your ETH will show on your Gate.io account, and you may trade it for VERA. Choose the BTC/VERA trading pair and the amount you wish to trade from the Gate.io trading menu.
You now own some VERA!
Last Step: Store VERA Securely
Once you’ve obtained some VERA, you’ll most likely want to know where you can store it, so it might be wise to start thinking about a wallet system.
You only have a few alternatives for VERA, with MetaMask, Binance Chain Wallet, and TrustWallet being the most popular.
Once you’ve picked a wallet that suits you Now go to Gate.io’s ‘withdraw money’ option and input or scan your VERA code into the address box of your new wallet. Your VERA will be safely stored in your new wallet after a short time.
In the future, it might be a good idea to keep an eye on the CryptoWallet app. While it currently doesn’t hold VERA, it is, however, safe, simple, and easy to use with a road map of future coins outlined for the future!
Other Useful Tools for Trading VERA
We are unable to offer you trading or financial advice, but we can present you with a brief overview of some of the tools available on most exchanges that, when used correctly, may assist you in making the best financial decisions possible.
The On-Balance-Volume (OBV) indicator is a straightforward tool that displays both positive and negative volume movement as well as the value direction of an asset’s trend.
The Average Directional Index (ADI) is a simple indicator that informs traders about the strength of a trend in demand or supply. The asset’s movement intensity might help you figure out how often lengthy motions occur.
Traders may use the Stochastic Oscillator to see the asset price over time and in connection to a certain situation inside that time period.
Latest News for VERA
Most altcoins will have an active and vibrant social media ecosystem, so in this section, we are going to hand pick some of the most recent news about this coin.
On April 17th, 2022 Vera announced another successful partnership, this time with the company GoldenDAO and Krypital Group. Hoping to bring further communities of Defi and NFT developers together.
On March 9th, 2022 Vera announced another partnership with NFT Blue. NFT Blue claims to offer a host of various luxury NFTs and various digital assets.
Can I buy VERA with cash?
Altcoin can almost never be purchased directly with cash or regular fiat currency and sadly VERA is no different. The primary way to get some VERA is to trade an already existing crypto such as BTC on an altcoin exchange. Take a look at our handy step-by-step guide shown above on how to get your very own VERA.
Are there any quick ways to buy VERA in Europe?
Gate.io is an altcoin exchange that is easily accessed and quick to use in the EU. Generally speaking, most altcoin exchanges are safe and accessible in Europe. Therefore look to the above guide on how to register for an altcoin exchange to help you get your very own VERA.
Are there any alternative platforms to buy VERA or Bitcoin with credit cards?
Vera can be easily purchased via an altcoin exchange, however, these platforms do not accept credit cards directly for this kind of trade. Instead, have a look at our guide on how to use these platforms. Bitcoin however can be purchased in a direct fashion with a credit card. Take a look at services such as eToro to do this.