Instant Buy & Stake in VeraWallet

Verasity
Verasity
Published in
5 min readOct 26, 2020

Go to https://verawallet.tv and click “Instant Buy VRA & Stake” at the top of the screen:

Note: When “Instant Buy VRA & Stake” is clicked, a new VeraWallet tab will open with the Create Account window for users that do not have a VeraWallet account.

If you have a VeraWallet account just sign in by clicking on “Sign in” at the bottom of the window. If you need help with creating an account, click here to see the guide.

Once you have signed in you will see 3 main tabs. To instantly buy VRA and stake it, click ‘Instant Buy VRA & Stake’.

Choose the type of cryptocurrency to use and enter how much BTC, ETH, BNB or USDT you want to convert into VRA. In the area below you will see an estimate of how much VRA the BTC, ETH, BNB or USDT buys at the current price, what your daily reward will be in VRA and how much the yearly reward is. (This is an approximate amount. The actual amount will be calculated on receipt of your BTC, ETH, BNB or USDT to the wallet).

Once you enter the amount of BTC, ETH, BNB or USDT to convert to VRA, click “Buy VRA Now” and you will be taken to the confirmation screen

It is advisable to over-estimate the amount of tokens you choose to send, because prices fluctuate and you may be close to the minimum staking amount (currently set at 10,000 VRA). If the amount you send is converted at less than the minimum staking amount, they will be converted into VRA and sent to your Main Wallet. In addition, you must generate the correct address to send to, depending on the cryptocurrency chosen. DO NOT send any tokens to the VRA contract address shown on the Verasity website.

Once you enter the amount of BTC, ETH, BNB or USDT to convert to VRA, click “Buy and Stake” and you will be taken to the screen specific to the cryptocurrency you chose.

Because of high transfer fees using the Ethereum and Bitcoin networks, it is often desirable to use BNB to buy VRA and stake. However, BNB transfers require some extra considerations to get right. Therefore, the first option to explain below is using BNB.

BNB:

Note: The VRA converted from BNB is calculated based on the KuCoin Exchange’s average price of VRA & BNB during the previous 24 hours. The actual prices at the time BNB is received will be used to convert into VRA. Therefore, over-estimate the amount of BNB if it is close to the minimum staking level.

Then click “Buy and Stake”.

IMPORTANT: Read the warning message! This following address is only for receiving BNB using BEP2, not Binance Smart Chain or BEP20. Make sure you copy and paste both the address and the memo that appears on the next page. Both have to be correct otherwise you risk losing your tokens.

First copy the Memo and paste it to the sending BNB wallet or account. Then copy the VeraWallet BNB receiving address and paste to the sending BNB wallet. If there is no MEMO field in the sending account, do not use that method. Also, don’t use Binance Chain Wallet to send BNB in BEP20 using auto-convert to BEP2.

Note that you must copy the MEMO first, in order to copy the receiving address next.

Once the BNB is received in your VeraWallet, the stake is automatically created and available in your Staking Wallet. Go to your Staking Wallet to see your new stake. If the amount you sent is not enough to meet the minimum staking level, it will be converted to VRA and sent to your Main Wallet. It is therefore important to over-estimate the amount sent if it is close to the minimum staking level.

USDT:

If you chose to use USDT to buy VRA and instantly stake, follow the prompts that follow and ensure that you only send USDT to the following address.

Once the USDT is received in your VeraWallet, the stake is automatically created and available in your Staking Wallet. Go to your Staking Wallet to see your new stake.

The options for Ethereum and Bitcoin are similar.

About Verasity

Verasity.io is a protocol and product layer platform for esports and video entertainment. Verasity’s mission is to significantly increase engagement and monetization for video publishers on any video platform. Verasity products include: a proprietary ad stack and the VRA Rewards System integrated into SDKs for YouTube, Twitch, Vimeo and all major video platforms. Verasity’s patented Proof of View, a protocol layer technology offers transparency and immutability to defeat online ad fraud and NFT fraud.

https://verasity.io

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Verasity
Verasity

Advertising technology based on open-ledger principles. We have the first patented adtech protocol on the blockchain — VeraViews