How To Buy VRA (Verasity) In Australia

Clinton
4 min readMar 5, 2024

In the rapidly expanding universe of cryptocurrency, Verasity (VRA) stands out as a promising investment for those keen on the future of esports and video entertainment.

For Australians looking to dive into this market, the first step is to join a reliable exchange that provides access to VRA. CoinSpot, acclaimed as one of Australia’s leading cryptocurrency exchanges, offers a user-friendly platform, making it an excellent choice for both novices and seasoned traders alike.

This guide will walk you through the seamless process of buying VRA on CoinSpot, from setting up your account to making your first purchase, ensuring you’re well-equipped to embark on your Verasity investment journey.

Opening a CoinSpot account is a straightforward process designed to be user-friendly. Here’s a quick step-by-step guide to get you started:

  1. Visit the CoinSpot Website: Go to the official CoinSpot website (coinspot.com.au)
  2. Register for an Account: Look for the “Register” or “Sign Up” button on the homepage. Click on it to begin the registration process.
  3. Fill in Your Details: You will be prompted to enter basic personal information such as your name, email address, and to create a password. Ensure that the information you provide is accurate and secure.
  4. Email Verification: After submitting your registration form, CoinSpot will send a verification email to the address you provided. Open this email and click on the verification link to confirm your email address.
  5. Complete Identity Verification: For security reasons and to comply with Australian laws, CoinSpot requires users to complete an identity verification process. You’ll need to provide a form of government-issued ID (such as a passport or driver’s license) and possibly additional information to verify your identity.
  6. Set Up Security Features: Enhance the security of your account by setting up two-factor authentication (2FA). This adds an extra layer of security beyond just your password.
  7. Make a Deposit: Once your account is set up and verified, you can deposit funds into your CoinSpot account. The platform supports various deposit methods, including bank transfers, POLi, PayID, and more.
  8. Start Trading: With your account funded, you’re ready to start trading. Browse the wide selection of cryptocurrencies available on CoinSpot and make your first purchase or trade.

Purchasing Verasity

Step 1: Create and Verify Your CoinSpot Account: If you haven’t already, visit the CoinSpot website and sign up for an account. Follow the registration process, which includes verifying your email address and completing identity verification to comply with Australian financial regulations.

Step 2: Search for VRA: Once your account is funded, use the search bar on CoinSpot to find VRA (Verasity). You can either browse through the list of cryptocurrencies or use the search function for quicker access.

Step 3: Buy VRA: Click on VRA to go to its market page. Here, you have two main options to buy VRA:

  • Instant Buy: For a quick purchase at the current market price, enter the amount of AUD you wish to spend or the quantity of VRA you want to buy, then click the ‘Buy VRA’ button.
  • Market Order: To set a custom price at which you want to buy VRA, select the ‘Market Order’ tab, specify your desired price and the amount you wish to purchase, then place your order. Your order will be filled when the market price matches your set price.

Step 4: Review and Confirm: Double-check the details of your purchase, including the total cost and the amount of VRA you’re buying. Confirm the transaction to complete your purchase.

Step 5: Manage Your VRA: After buying VRA, you can view your holdings in your CoinSpot wallet. From here, you can choose to keep your VRA on CoinSpot, sell it, or transfer it to an external wallet.

What is VRA (Verasity)?

Verasity is a unique platform designed to revolutionize the world of esports and digital entertainment, standing as a beacon for both protocol and product layer innovations. At its core, Verasity encompasses a range of products including VRA Rewards, its own custom video player, an exclusive ad stack, and the VeraWallet, offering an integrated experience for users and creators alike. It seamlessly integrates with popular video platforms such as YouTube, Twitch, Vimeo, among others, offering VRA Rewards as a means to engage viewers.

The platform generates revenue through various channels on its Esports Fight Club platform, including subscriptions, commissions from prize pools, advertising revenue from videos, and transaction fees, showcasing a versatile business model.

Central to Verasity’s mission is the groundbreaking Proof of View (POV) protocol, a patented blockchain technology that aims to dramatically increase viewer engagement and ad revenue across any video platform by ensuring the authenticity and quality of views.

Current Market Insights

  • Market Capitalization: As of the latest update, Verasity boasts a market capitalization of $211.4 million.
  • Current Price: Verasity is currently trading at a price of $0.021357 AUD.
  • Supply Details: There are 100,249,906,818 Verasity tokens in circulation.
  • Historical Peak: Verasity once reached an all-time high of $0.12 AUD, showcasing its potential in the digital currency market.

Disclaimer: This is not financial advice or a buy alert.

Coinspot is my recommended exchange for Australia though you are welcome to trade on your preferred platform (open free account)

Remember, investing in cryptocurrencies can be risky, so it’s important to do your research and consider your financial situation before starting. Always ensure that you’re comfortable with the security measures in place and fully understand the platform’s features and fees.

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Clinton

6 Figure Affiliate | KobaBox.com | Australia 🇦🇺 | Wealth Creation, AI Assisted Affiliate Marketing, SEO, Niche Sites, Personal Finance & Investing