Sell VeChain

VET's price is based on supply and demand. If there are more people willing to buy than sell, its price will increase.

That said, it’s still a volatile digital asset, whose value is tied strongly to that of Bitcoin and the wider crypto market, and it’s prone to drastic fluctuations over time.

There are a number of other rival coins looking to occupy the same space, and appeal to dApp developers. The success of VeChain, and the price of the associated token, will be influenced in the long run by how those rivals fare.

You can sell VeChain's tokens VET and VTHO on so called crypto exchanges.

A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.

It’s difficult to predict the future trajectory of VeChain with any certainty. VeChain, like just about every other cryptocurrency, is prone to sudden and dramatic upswings and downswings. Don’t invest more than you can afford to lose, and be prepared for the possibility that you’ll end up with buyer’s remorse!

Don't miss out on a good selling point and set a yourself price alert.

When you sell VeChain through an exchange, you’ll incur costs as the exchange takes its cut. You can compare the various exchanges available before you make a decision, with the help of Cryptoradar. Just filter according to the criteria which are important to you.

Most exchanges will pay out via bank transfer. However, there are also other ways to withdraw your money, such as through PayPal or even gift cards. Again, you can compare your options quickly and easily using Cryptoradar.

If you invest in VeChain, and later sell it for a profit, then you will have realised a gain. In the view of many tax authorities, this is the same as selling any other commodity for a profit, and they’ll seek to charge you capital gains tax. It’s important, therefore, that you know what you’re liable for ahead of time. Crypto tax software can help you with that.