What is Vela Exchange (VELA)?
Vela Exchange is a DEX on Arbitrum that offers perpetual trading with up to 100x leverage while boasting a community-focused and scalable approach. The protocol was co-founded in 2023 by Travis Skweres and Dan Peng, both of whom are former Boston Consulting Group employees.
How Vela Exchange (VELA) Works
To start, users need to deposit stablecoins such as USDC into the Vela Exchange, then enjoy a host of trading products such as:
- Synthetic trading for cryptocurrency, forex, and market cap with up to 100x leverage;
- Limit order, trailing order, stop-loss order, and trailing-stop order;
- Alerts and notifications sent as SMS, email, or push notifications on mobile devices;
- Referral program with up to 20% share of all referred users’ generated fees;
- Fiat on-ramps and off-ramps.
VELA is the primary native token of the Vela Exchange. It can be used to receive trading fee discounts, stake to earn a share of fees collected on the exchange and eVELA tokens as rewards from buyback.
Apart from VELA, there is VLP, the liquidity provider token for Vela Exchange. Anyone can get VLP by staking USDC into the platform. VLP can be staked to earn a portion of trading fees generated on Vela in the form of eVELA tokens.
eVELA tokens can be staked to generate yields like VELA (they have the same reward structure), or locked to earn VELA tokens.
How Many Vela Exchange (VELA) Tokens Are in Circulation?
VELA’s total supply: 50,000,000
VELA’s circulating supply: 5,622,344
How to Buy Vela Exchange (VELA)
Consider investing in Vela Exchange (VELA)? It only takes 2 minutes to create an account on Bitget and start trading VELA.
Check out the available VELA trading pairs on Bitget!
Spot market
Vela Exchange (VELA) Resources
Simple 3-step guide to buying VELA today in British Virgin Islands
Create your free Bitget account
Select a funding method
Complete your Vela Exchange purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Vela Exchange using a payment method of your choice:
Buy Vela Exchange with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Vela Exchange order.
How to buy crypto with credit/debit cardBuy Vela Exchange with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Vela Exchange is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Vela Exchange order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Vela Exchange order.Buy Vela Exchange with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Vela Exchange order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Vela Exchange in your Bitget spot wallet
Bitget—where the world trades Vela Exchange
How to buy Vela Exchange for free
- Learn how to earn Vela Exchange for free through the Learn2Earn promotion
- Earn free Vela Exchange by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Vela Exchange airdrops by joining On-going challenges and promotions
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FAQ
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British Virgin Islands (BVI), also known as the Virgin Islands, is an overseas territory of the UK that lies in the Lesser Antilles near the US Virgin Islands. BVI is made up of four main islands - Tortola, Virgin Gorda, Anegada, and Jost Van Dyke, and several other smaller islands. The total area is 153 km2 and the total population is 30,030. The capital of BVI is Road Town, which is a part of Tortola, the biggest island. English is the official language, but USD is the currency in use in BVI.
Tourism is the strongest industry of BVI, accounting for about a half of the region’s total income. Beautiful white beaches like the Baths, Anegada, and Cane Garden Bay are some of the most visited sites in the territory. The other half of the income comes from financial services that BVI offers, the most notable activity being licensing of offshore companies and related services.
You don’t need to worry about trading crypto like Vela Exchange(VELA) in the British Virgin Islands as Bitget’s services are available just with a tap of the finger. The exchange offers art-of-the-state security that has been recognized by developed countries and provides a range of payment methods that make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.