How to buy Venus BTC (VBTC) in the UK

Where to buy Venus BTC in the UK

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

You can still purchase VBTC 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 VBTC using a decentralised exchange.

1. Find VBTC on a decentralised 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 GlobalBlock. 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 finalise 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 UK.

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 take a look at some of our top hardware wallet picks for self-custody of your VBTC below.

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

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.

Today's Venus BTC price versus ATH

Compare today's price of Venus BTC ($552.35 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.

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.

* 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.