How and Where to Buy Vortex Defi (VTX) – An Easy Step by Step Guide

About VTX

What Is Vortex DeFi (VTX)?

Vortex DeFi is an all-in-one decentralized finance solution aiming to bring together all DeFi tools into a single platform. Launched in August 2020, Vortex DeFi successfully creates an intersection between the Polkadot and Ethereum ecosystems by presenting a blockchain-based decentralized financial platform.

Focusing on a wide range of financial operations, including NFT asset tracking, lending and insurance of crypto assets, Vortex DeFi aims to become a decentralized finance industry leader. By combining a multitude of financial tools, the platform aims to bring increased usability for both its private and enterprise clients. Last but not least, Vortex DeFi seeks to present the best yielding opportunities to yield farmers automatically.

Who Are the Founders of Vortex DeFi?

Rahul Singh is the founder and CEO of Vortex DeFi. With a long resume of interesting positions behind him, Singh decided to combine his knowledge and professional experience to create the ultimate DeFi platform.

He graduated with a degree in business administration from Symbiosis International University in 2009. Immediately after graduating, Singh jumped into business-related roles, becoming a business analyst for Searce Inc. Later on, in 2011, he joined Infosys, where he moved up the ladder to become a senior associate consultant. Singh’s last official position before founding Vortex DeFi, which he still holds to this day, is as a technical product owner for Honeywell. Focusing predominantly in the aerospace domain, Mr. Singh is responsible for overseeing the implementation of Honeywell products and their distribution through e-commerce tools.

Other important figures in the Vortex DeFi team include Lester Lim, a strategic advisor for the project, and Arun Sunil R Lobo, the technical lead for the platform.

What Makes Vortex DeFi Unique?

Vortex DeFi aims to make it as easy as possible for the end-user to benefit from a wide range of financial tools. DeFi is an extremely complex universe, and the variety of use cases usually presents to be intimidating, even for seasoned investors and active crypto users. This is where Vortex DeFi makes a difference.

By combining the Polkadot and Ethereum ecosystems’ capabilities, Vortex DeFi creates an array of DeFi tools, instruments and protocols, including NFT trading, asset swapping and yield farming. Not only that, Vortex DeFi has an ambitiously designed road map ahead, featuring capabilities like fiat ramp-ups and crypto cross-chain swapping. Vortex DeFi combines all the latest developments in decentralized finance and ensures that future improvements are seamlessly integrated within the platform.

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How Many Vortex DeFi (VTX) Coins Are There in Circulation?

Vortex DeFi has announced a total and maximum supply of 100,000,000 VTX tokens. At the moment, the circulating supply amounts to about 13,625,000 VTX tokens.

Of the total VTX supply, about 32.5% were reserved for private sales and seed funding rounds. Another 20% of the total supply was designated as a rewards pool for the founding team and advisors on the project. As a utility token, VTX requires a set amount of tokens dedicated to a rewards reserve. In this case, Vortex DeFi set aside 27% of the total supply for rewards reserve. Another 10% were distributed for marketing purposes, while 2.5% of the total supply went towards public sales. Finally, 8% of all tokens were set aside as a future reserve.

How Is the Vortex DeFi Network Secured?

As an Ethereum-based platform, with VTX being an ERC-20 token, Vortex DeFi relies on the proof-of-stake (PoS) consensus mechanism. Unlike blockchains which rely on a proof-of-work (PoW) mechanism, PoS creates block validators based on the size of the stake users have in the token and the amount of time they have held this stake.

PoS blockchains require a lot less computing power to perform validations and transactions and use up less electricity for these processes. This makes them extremely scalable and opens up a multitude of use cases before developers. Considering these advantages, Vortex DeFi banked on the versatility of PoS and the interoperability it offers.

Where Can You Buy Vortex DeFi (VTX)?

VTX coins are relatively accessible for purchase, as they are ERC-20 tokens. One of your solid choices is Uniswap v2, which has the largest trade volume of VTX tokens as of March 2021.

Another choice for purchasing VTX is 1inch Exchange, which has the second-largest trading volume as of March 2021. Of course, it is crucial to note that investing in cryptocurrency can be risky, as coin prices are incredibly volatile.

Find more information on buying crypto tokens.

Currently, VTX is being ranked 1536 on Coinmarketcap and has recently surged a hefty 52.08% at the time of writing.

VTX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy VTX.

Step 1: Register on Coinbase

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC) or Ethereum (ETH). We will use Coinbase here as it is one of the largest crypto exchanges that accept fiat deposits. Use the link below to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.

Show Details Steps ▾

Type your email and click 'Get started'. Make sure you provide your real name as Coinbase will need it for account verification. Choose a strong password so that your account isn't vulnerable to hackers.

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, Coinbase is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy coins with fiat money

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees, such as iDeal in some European countries.

Now you are all set, click the 'Trade' button at the top left, choose the coin you want to buy and confirm your transaction...and congrats! You've just made your first crypto purchase.

Step 3: Transfer your cryptos to an Altcoin Exchange

But we are not done yet, since VTX is an altcoin we need to transfer our coins to an exchange that VTX can be traded. Below is a list of exchanges that offers to trade VTX in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from coinbase depending on the available market pairs. After the deposit is confirmed you may then purchase VTX from the exchange view.

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once VTX gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Gate.io

Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.

Binance

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world. Unfortunately, Binance does not allow US investors so we recommend you to sign up on other exchanges we recommend on this page.

Last Step: Store VTX securely in hardware wallets

Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used on desktops and laptops
  • Lightweight and Portable
  • Support most blockchains and wide range of (ERC-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price
Ledger Nano X

Ledger Nano X

  • More powerful secure element chip (ST33) than Ledger Nano S
  • Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
  • Lightweight and Portable with built-in rechargeable battery
  • Larger screen
  • More storage space than Ledger Nano S
  • Support most blockchains and wide range of (ERC-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your VTX for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.

Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.

Other useful tools for trading VTX

Encrypted Secure Connection

NordVPN

Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. While using hardware wallet allows you to store your cryptos in a safe place, using an encrypted VPN connection while you trade makes it harder for hackers to intercept or eavesdrop your sensitive information. Especially when you are trading on the go or in a public Wifi connection. NordVPN is one of the best paid (note: never use any free VPN services as they may sniff your data in return of free service) VPN services out there and it has been around for almost a decade. It offers military-grade encrypted connection and you can also opt-in to block malicious websites and ads with their CyberSec feature. You can choose to connect to 5000+ servers in 60+ countries base on your current location, which ensures you to always have a smooth and secure connection wherever you are. There is no bandwidth or data limits that means you can also use the service in your everyday routines such as streaming videos or downloading large files. Plus it is among the cheapest VPN services out there (only $3.49 per month).

Surfshark

Surfshark is a much cheaper alternative if you are looking for a secure VPN connection. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Currently, Surfshark does not have any device limit so you can basically use it on as many devices as you want and even share the service with your friends and family. Use the signup link below to get an 81% discount(that’s a lot!!) at $2.49/month!

CryptoTrader.Tax

As you gain more experience in trading cryptos it gets more difficult when it comes to tracking your capital gains from all those trades, especially when you have multiple accounts across various trading platforms. CryptoTrader.Tax takes away the pain of preparing your bitcoin and crypto taxes for your tax season. It automates the entire tax filing process and you will be sure you won’t miss any important information required. Simply register, fill in your personal info, and import all of your historical cryptocurrency transactions into the platform. It integrates seamlessly with all major cryptocurrency exchanges and platforms to make this process even quicker by connecting your existing exchange accounts to the platform. Once your transactions are imported, you can generate your tax reports within a few clicks. CryptoTrader.Tax is free to use and you can simply get started right away. You will only need to pay if you want to generate your tax reports.

Crypto Ultimatum

Crypto Ultimatum is a detailed training system that shows you how to go from no money to making a fortune with Crypto Currencies. The system that was used took $100 and turned this into $1006. But the system works so well they then took this $1006 and turned it into the huge amount of $257,000 with Bitcoin and Crypto Currencies!

The great thing about the training is you don’t need technical skills. In fact, you don’t even need a great deal of money and can start with much less than $100 if you wish. It reveals all the secret techniques and gives you the ability to make money when you are a complete novice. It even explains some of the scams so you can avoid them. It goes into detail about where you go to do all this trading and how you can make money in a little as 24 hours. You can develop into someone who buys and sells smaller types of “altcoins” too.

BitMEX

BitMEX is one of the largest crypto derivatives trading platforms that offers leveraged contracts that are bought and sold in Bitcoin. With the volatile nature of the cryptocurrency market, you can gain even more profit with leveraged trades. BitMEX offers even a maximum of 100x margin meaning you can multiply your profit for a hundred times. Signing up on BitMEX is easy and you are not required to go through any KYC process. Within a few minutes, your account will be ready and you can start trading by depositing BTC straight into your wallet on BitMEX. Do keep in mind that derivatives trading is highly risky and your loss can potentially be a hundred times also if you made the wrong move!

Frequently Asked Questions

Can I buy VTX with cash?

There is no direct way to buy VTX with cash. However, you can use marketplaces such as LocalBitcoins to first purchase Bitcoin, and finish the rest of the steps by transferring your bitcoin to respective AltCoin exchanges.

Buy Bitcoin from local sellers

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Are there any quick ways to buy VTX in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Coinmama.

Popular online banks in Europe are Bunq, N26 and Revolut.

Are there any alternative platforms to buy VTX or Bitcoin with credit cards?

Yes. Changelly is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

Latest News for VTX

Vortex DeFi17 days ago
RT @ccomissioner: $VTX @VortexDefi #GEM available on PancakeSwap with only 190 holders PancakeSwap: https://t.co/L56APzaSKJ Available To…
Vortex DeFi17 days ago
RT @Pastore1314: $VTX | @VortexDefi This project sounds very interesting with a lot of great products Partners and investors from leadin…
Vortex DeFi21 days ago
Another sneak peak of Zapper integration on Vortex Platform. Team continues to #BUIDL mean. More updates on beta la… https://t.co/d3JWySrXef
Vortex DeFi21 days ago
High fees on #Uniswap? No worries. You can just head to Pancakeswap and buy a bag of $VTX with minimum fee 🙂 https://t.co/DryNgutaVP
Vortex DeFi21 days ago
In our endeavour to make DEX trading for $VTX as seamless as possible, we’ve applied for and been whitelisted on… https://t.co/C0q8iuoOOH

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