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 Costa Rica
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 ongoing challenges and promotions
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FAQ
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Costa Rica (officially the Republic of Costa Rica) is a country located in central America with about 5.2 million people in population. It is bordered by the Caribbean Sea to the northeast, Nicaragua to the north, the Pacific Ocean to the southwest, and Panama to the southeast. The official language of Costa Rica is Spanish, which is supported by both Bitget app and website. The currency of Costa Rica is Costa Rican Colón (CRC).
Bitget offers secure payment options to 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. Whether you are in San José, Cartago, or Heredia, Bitget is ready to serve you with your cryptocurrency needs, and it only takes minutes to invest in cryptos on Bitget, the fastest-growing global cryptocurrency exchange platform.
Costa Rica experiences tropical weather all year round, with a rainy season from May to November and a dry season from December to April. The average annual temperature is between 22 and 28 °C (72 and 82 °F). With the pleasant weather all year long, relatively better economic development, and overall higher quality of life in Costa Rica, the country was voted as one of the best places to retire by Forbes.