How to buy Vai (VAI) in the UK

Where to buy Vai in the UK

It looks like VAI may not be available to purchase on an exchange in the UK.

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

How to purchase VAI using a decentralised exchange.

1. Find VAI on a decentralised exchange and make sure Vai 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 VAI using an exchange like GlobalBlock. You will need to purchase enough BNB to swap for VAI 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 VAI 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 finalise and the VAI 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 UK.

Best Vai wallets to store your VAI

You can keep your VAI 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 take a look at some of our top hardware wallet picks for self-custody of your VAI below.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Vai a good investment?

When buying a stablecoin such as VAI, it’s important to consider all aspects of the associated platform and how the stablecoin intends to keep prices stable. Here are some of the key considerations:

• Price. VAI is a form of stablecoin, which means its value should remain at USD$1. As a result, the coin is not for investors who are looking to buy cryptocurrencies for potential capital gains. Rather, it was designed so that holders of collateral within the Venus protocol could keep that collateral liquid.
• Synthetic stablecoin. VAI is a synthetic stablecoin, meaning there are no underlying fiat reserves that guarantee the value of each token. The underlying value of each VAI token is generated by vTokens, which are distributed to liquidity providers. Users are allowed to deposit 50% of their collateral to mint VAI.
• VAI vs XVS. While VAI is the stablecoin of the Venus Protocol, XVS, or Venus Token, is used for governance. XVS token holders can change the parameters of VAI, such as the maximum supply, interest fees, the liquidation price as determined by the collateral ratio, and the penalty percentage if a loan cannot be repaid.

Today's Vai price versus ATH

Compare today's price of Vai ($0.973739 USD) against its all-time-high price of $4.72 USD on 20 March 2023. The closer the bar is to 100%, the closer VAI is to reaching its ATH again.

How to trade, convert or sell Vai

You can convert or sell your VAI with the same exchange you bought it through:

1. Sign in to the exchange you have VAI on.
2. If you store your Vai 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 VAI you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Vai.
6. Complete your transaction and move your VAI to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.