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How to buy Venus (XVS) in the US

A beginner's guide to buying and selling XVS in the US.

Venus
XVS- USD
DEFI
$27.32
+$1.78 (+6.99%)

How to buy Venus

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Venus.

  1. Open an account on an exchange that supports XVS.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Venus.
  3. Buy Venus.
    Complete your Venus purchase and then find the best wallet to store XVS.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Venus?

XVS is the native governance token of Venus. According to its website, Venus is a DeFi money market protocol launched by Binance on the Binance Smart Chain (BSC). It enables users to generate synthetic stablecoins backed by a basket of BEP-20 tokens to mint VAI, a synthetic stablecoin pegged to the US dollar. The objective of Binance’s open blockchain project is to enable developed and developing nations to mint new currencies. The best use cases for the project are to enable users to borrow against collateral at a high speed and to earn interest by lending collateral to the protocol. The collateral provided is represented by vTokens, which the user can use to redeem the underlying asset or to borrow against. The protocol allows users to borrow up to 75% of the collateral value available on the protocol as vTokens to mint VAI. Users can stake their Binance Coin (BCB), Binance Stablecoin (BUSD) and Swipe (SXP) tokens to different protocols and farm XVS tokens.

Venus (XVS) is the 151st largest cryptocurrency in the world by market cap, valued at $283,492,743. The current price of Venus is $26.97, which is 4.172% higher than yesterday. Prices have ranged between $29.25 and $23.56 over the past 24 hours. All prices are listed in US dollars and accurate as of July 28, 2021 10:07 UTC.

Where to buy Venus

Find an exchange to buy, sell and trade XVS by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

267
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

125
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
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Venus at a glance

Information last updated July 28, 2021 10:07 UTC.
Coin symbolXVS
Total XVS supply30,000,000
Circulating XVS10,502,734
Current priceUS$26.97
All time highUS$146.82
IndustryDecentralized finance
Token usesGovernance
NetworkBinance Smart Chain

Venus price performance over time

Historical prices compared with the price of US$26.97.

1 hour 0.70%
24 hours 4.17%
7 days 84.23%
14 days 49.23%
30 days 45.32%
60 days -14.88%
200 days 599.34%
1 yearN/A

How to sell Venus

You can cash out your XVS with the same exchange you bought it through:

  1. Sign in to the exchange you have XVS on.
    If you store your Venus in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of XVS you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Venus.

What to consider when buying Venus

Below are the aspects you should consider before investing in XVS:
  • Governance: XVS is essential to the Venus protocol. It is the governance token of the platform and gives users the right to make decisions related to the Venus ecosystem, including changes in platform parameters, rewards, adding new collateral and product improvement. Since there are no pre-mines for developers, founders or the Venus team, it provides XVS token holders with 100% control over the decisions and direction of the protocol. However, the only caveat is that staked XVS holders are ineligible for proposals.
  • Supply: As per data from CoinMarketCap, at the time of writing, XVS has a circulating supply of 224,433,925 coins.
  • USP: Venus lets users utilize high-speed transactions at a low cost by leveraging the BSC to lend or borrow collateral, earn interest on that collateral and mint stablecoins. Users with a significant portion of a stablecoin in their portfolio can buy VAI and deposit it in Venus to earn an annual percentage yield of 9.60% at the time of writing.
Disclaimer: Cryptocurrencies, including Venus, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of XVS is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Venus or any other cryptocurrency discussed.

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