Hey everyone, VeChain (VET) has been seeing its fair share of attention recently. Possibly due to talks of a partnership with WalMart China as well as recent news they will be working with Diageo North America (the company behind tipples such as Guinness, Johnny Walker and Smirnoff to name a few).
It also appears that VET is next in line to be added to the new US Binance exchange, which is big news for that market.
With all this current interest, there’s no better time to talk about what VeChain (VET) wallet you should use.
I’ll try not to sound like a broken record cause I know for SURE that none of you out there are still holding big chunks of crypto on exchanges right?
Before we start, please note that VeChain is no longer an ERC-20 token and therefore cannot be stored using an Ethereum address. Please ensure any independent research you do is up to date (like this article).
We’ll get going with desktop and mobile options. At this time, the leading two ‘multi-tool’ wallets we support in this category (Jaxx and Exodus) do not offer VET storage; however, keep an eye on our site or Twitter for any updates.
The Best Desktop & Mobile VeChain (VET) Wallet Option
One of the most trusted platforms for storing VeChain for both mobile and desktop is Atomic Wallet. This wallet works on Mac OS, Windows, iOS and Android.
Let’s go ahead and set this up on Mac OS. As always, get a pen and paper ready as we’re going to be writing down our passphrase soon.
Follow this link, and you will see this page.
From here click ‘download’ in the top right corner, then click on your operating system.
You will be prompted to sign up to their newsletter per below. This newsletter is always handy for keeping up to date with any critical updates (I would suggest creating a separate folder in your emails for this). If you’re not keen on that, click the X in the top right corner.
Your download should now be complete, and on a Mac, the following should pop up on your screen if it doesn’t check your downloads folder (the process for Windows is very similar).
As it suggests, drag the Atomic icon into your Applications folder. After about 10 seconds, if you head to your Applications folder you should see Atomic there – so go ahead and double click that to continue the installation.
You’ll see the following – go ahead and click open.
Here’s what you’ll see next.
We’re setting up a new wallet so click that. Next, enter a long secure password and continue.
Next, you’ll need to write down your 12-word backup phrase. As always: if you lose it you won’t be able to restore your wallet should you buy a new computer, phone etc.
I’m showing the backup phrase in this guide as this demo wallet will be deleted in about 5 minutes but please never show yours to anybody.
Once you’re satisfied you have this written down in the correct order with the correct spelling, hit ‘open wallet’.
And here’s the main interface.
This interface may look a little daunting compared to some other desktop wallets, but as we’re only using this as a place to store VET, you can ignore most of the options here. Unless experienced, I’d strongly suggest staying away from ‘exchange’ and ‘buy crypto’.
So, staying in the top tab labelled ‘wallet’, you will see a search bar right at the top left above ‘Bitcoin’.
Click on the search bar and type in VET.
You’ll now see your top option is VeChain, and if you double-click on that, you’ll have the opportunity to either receive or send.
Presuming you’re looking to buy VeChain (VET), click ‘receive’ and you’ll see the following. This screen is where you find the wallet address you need to purchase from BitPrime.
Click ‘copy’, head over to our All Coins page, search for VET and paste this in when you’re prompted to enter your wallet address.
We have separate guides on the purchasing process if you get stuck.
Unfortunately, for the time being, hardware wallets either don’t support or aren’t recommended right now. Trezor has options for both models which are still in BETA, which I would strongly suggest against for storing crypto no matter how experienced you are.
N.B: Ledger did have an option using Ledger Live in conjunction with a third-party solution; however, this was discontinued on October 21st of this year.
A new solution for Ledger is due later this month, so please keep an eye on our site or our Twitter as I’ll be updating this article as soon as I can test this out.
Lastly, we recently posted an article which you can find here covering transaction confirmations and how they affect how long it takes for your purchase to reach you.
If you have purchased VET from us and have asked for your transaction ID, you can track it with this VET blockchain explorer.
As always, I hope you’ve found this article valuable, and if you think anything has been missed out, please reach out in the comments section below.