How to buy VELO?

VELO, a token of the Velo ecosystem, is available for swaps on LetsExchange for 5,000+ other coins and tokens.

What is VELO?

Velo provides blockchain-based financial solutions, enabling secure and efficient network value transfers. Its key offerings include Orbit, a P2P payment app, and Warp, a multi-chain bridge for seamless asset transfers. The VELO token underpins the ecosystem, serving as collateral and enabling stable settlements and value transfers across the platform.

How to buy VELO on LetsExchange: a step-by-step guide

VELO is listed on LetsExchange, and you can buy VELO for over 5,000 coins and tokens here. To boost their experience, users are welcome to register an account with the platform. This gives them access to more extensive functionality such as portfolio monitoring, the history of swaps, a list of favorite coins and coin pairs, among others, along with access to the platform’s affiliate program.  

To purchase VELO, follow these steps. 

In the exchange widget, select the coin you want to exchange for VELO in the You Send field. For this example, we'll use Bitcoin, but you can choose any coin you have. 

Enter the amount you want to swap. In our example, we pick a default sum of 0.1 BTC. 

Select the exchange rate type: fixed or market.

If you pick a fixed rate, you will receive the exact amount specified in the You Get field of the widget. You can use a promo code with a fixed rate.

If you pick a market rate, the sum you receive may be different from the sum initially displayed in the widget. LetsExchange will select the best rate among multiple liquidity providers, and the swap will be completed at that rate. 

We pick a fixed rate because, with it, you can receive cashback by entering a promo code.

In the You Get window, pick VELO.

Make sure you select the correct blockchain because various networks support VELO. In the example, we choose XLM.

Now, the picked coin will be displayed in the You Get field. The sum that you will get will be calculated automatically.

If you have a promo code, type it in. You will get cashback. If you don’t have a promo code but want to get one, follow us on social media for updates. From time to time, we organize events for our users where they can be rewarded with promo codes and other valuable rewards. 

Click on the Swap option.

Now, the widget will display a window where you will be asked to enter your receiving wallet address. The swapped coins will be sent there.

You can also fill in the refund address. If the swap doesn’t go as expected, your coins will be refunded there. 

If you want to receive notifications about the swapping process, fill in also a valid email address (not mandatory).

Some coins request a meme to swap them, and VELO is one such asset. Fill in the meme field, otherwise, your coins may be lost.

Hit the Apply button.

Check all the data once more and hit the Proceed button. 

You will be displayed a deposit wallet address to which you need to send your coins. After you do so, the coins will be swapped, and your VELO coins will be sent to the receiving wallet address you’ve provided.

After the transaction is completed, you can download the receipt with all the transaction details. You can also track your transaction at any stage by copy-pasting its number on the Transaction status page.

Conclusion

In conclusion, purchasing VELO on LetsExchange is straightforward and secure. The platform supports a wide range of cryptocurrencies, offering flexibility in the amount of VELO you can buy. With high upper limits, LetsExchange ensures user privacy and convenience.