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How to buy Venus BTC (VBTC)

Learn how to buy Venus BTC (VBTC) in our step-by-step guide.

Where to buy Venus BTC

It looks like VBTC may not be available to purchase on an exchange in the US.

You can still purchase VBTC by using a decentralized exchange (DEX) instead. decentralized exchanges are web applications that run on blockchains like Binance Smart Chain (BSC) and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase VBTC using a decentralized exchange.
  1. Find VBTC on a decentralized exchange and make sure Venus BTC can be traded for BNB which is the native asset of Binance. The most popular DEX on Binance Smart Chain is PancakeSwap.
  2. Buy BNB to trade for VBTC using an exchange like Crypto.com. You will need to purchase enough BNB to swap for VBTC as well as BNB to pay for transaction fees (known as gas) on the BSC network, which usually costs less than a dollar.
  3. Transfer the BNB into a a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade BNB for VBTC on PancakeSwap, following the instructions on screen. Make sure to leave enough BNB in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the VBTC tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Best Venus BTC wallets to store your VBTC

You can keep your VBTC on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Venus BTC a good investment?

Venus Protocol has quickly become one of the premier lending platforms on the Binance Smart Chain. It has made quite a name for itself, with increasing Total Value Locked and an exciting number of features. vBTC serves the purpose of wrapped Bitcoin but for BSC and the Venus Protocol. It allows you to interact with a number of different options, such as borrowing, lending and minting stablecoins. We look encouragingly at the platform's future.
  • Arbitrary peg. Instead of your standard 1:1 peg, Bitcoin is pegged at 1:49 vBTC, making it slightly confusing when staking your coins.
  • Only available on Venus. This is a native token to the Venus Protocol, which means you cannot buy, sell or trade it on any other exchanges.
  • Intermediate level of expertise. The Venus Protocol and vBTC are native to Binance Smart Chain, which is the exchange’s DeFi platform. It requires a slightly higher level of experience from users interested in using the network.

Additional information about Venus BTC can be found using our VBTC analysis tools.

Today's Venus BTC price versus ATH

Compare today's price of Venus BTC ($394.17 USD) against its all-time-high price of $1384.63 USD on 10 November 2021. The closer the bar is to 100%, the closer VBTC is to reaching its ATH again.

Venus BTC's price: $394.17
ATH date: November 10, 2021
28.47%

Venus BTC ATH: $1384.63


How to trade, convert or sell Venus BTC

You can convert or sell your VBTC with the same exchange you bought it through:
  1. Sign in to the exchange you have VBTC on.
  2. If you store your Venus BTC in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of VBTC you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Venus BTC.
  6. Complete your transaction and move your VBTC to a wallet for storage.

Disclaimer: Cryptocurrencies, including Venus BTC, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of VBTC 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 BTC or any other cryptocurrency discussed.

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