Validity (VAL) is a cryptocurrency built on blockchain technology, ensuring transparency, security, and immutability through its distributed ledger system. It operates on a proof of stake (PoS) consensus algorithm, allowing users to stake their VAL coins in the Validity wallet and receive rewards for securing the network. The Validity technology suite includes the Validity blockchain and the Validity Smartchain, which provides advanced utilities such as decentralized identities, non-fungible tokens, and more.
Validity (VAL) is a decentralized cryptocurrency designed for secure and efficient transactions. It operates on a peer-to-peer network, allowing users to conduct transactions directly without intermediaries. The asset's main use case is as a medium of exchange, enabling users to send and receive funds quickly and securely. Validity's platform is user-friendly, making it accessible to both experienced cryptocurrency users and newcomers alike.
To store Validity (VAL) tokens, you have several options:
Exchanges' Wallets: You can store your VAL tokens on your exchanges' wallets, such as Binance Wallet. This is a convenient option, but it is considered less secure as exchanges' wallets are always online and can be vulnerable to hacks.
Crypto Wallets: You can store your VAL tokens on crypto wallets like Trust Wallet. These wallets are more secure than exchanges' wallets but are still connected to the internet and thus have some risk.
Cold Wallets: For long-term storage and maximum security, it is recommended to use cold wallets. There are two types of cold wallets:
- Paper Wallets: These are generated offline and printed on paper, containing public and private keys in QR code form. They are highly secure but less convenient.
- Hardware Cold Wallets: These are physical devices that store your cryptocurrency. They are highly secure and convenient for storing large amounts of coins or tokens.
It is essential to choose a secure storage method to protect your VAL tokens from potential hacks or losses.
To buy Validity (VAL) tokens, you need to follow these steps:
Create an Account: Start by creating a free account on a cryptocurrency exchange that supports VAL trading. This exchange will serve as a portal for purchasing cryptocurrency.
Purchase a Base Currency: You cannot buy VAL directly with fiat currency. Instead, you need to purchase a base currency like USDT, BTC, ETH, or BNB, which can be easily bought with fiat.
Send Base Currency to Exchange: Once you have the base currency, send it to the crypto exchange or crypto wallet that supports VAL trading.
Trade for VAL: On the exchange, trade your base currency for VAL tokens. You can do this by selecting the appropriate trading pair, such as VAL/BTC or VAL/USDT.
Store or Use VAL: After purchasing VAL, you can store it in a wallet for long-term holding or use it for trading, staking, or purchasing goods and services.
Popular exchanges for buying and trading VAL include LATOKEN, StakeCube Exchange, and Dex-Trade.