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How to buy Venus (XVS) in the US
A beginner's guide to buying and selling XVS in the US.
How to buy Venus
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Venus.
- 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.
- 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.
- Buy Venus.
Complete your Venus purchase and then find the best wallet to store XVS.
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 in the top 1,000 cryptocurrencies in the world by market cap, valued at $332,624,118. The current price of Venus is $29.42, which is 3.768% higher than yesterday. Prices have ranged between $29.57 and $27.82 over the past 24 hours. All prices are listed in US dollars and accurate as of October 16, 2021 10:10 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.
Is it a good time to buy Venus?
The technical analysis gauge for Venus displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Venus based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Venus: moving averages, oscillators and pivots. Finder is not responsible for how XVS performs.
Venus at a glance
|Total XVS supply||30,000,000|
|All time high||US$146.82|
|Network||Binance Smart Chain|
Venus price performance over time
How to sell Venus
You can cash out your XVS with the same exchange you bought it through:
- 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.
- Place a sell order.
Choose the amount of XVS you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Venus.
What to consider when buying VenusBelow 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.
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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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