Last update: Jun 6, 2022

How to Buy Venus (XVS)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Venus. Depending on where you live, you’ll have various exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Venus

How to Buy Venus – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Venus of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto trading platforms.

4. Buy Venus

Now that you have what you need to buy Venus, head over to the market or buy section of the cryptocurrency exchange and buy some XVS.

If the crypto exchange doesn’t have any Venus on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Venus first), and trade your Ethereum for Venus.

Where to Buy Venus (XVS)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Venus

  1. Sign into the exchange where you bought Venus.
  2. Move your Venus to the right place on the crypto exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Venus.

 

Crypto trading

How to Buy Venus (XVS) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Venus in Australia, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Venus if it’s available. If the exchange doesn’t have Venus. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Venus), and trade your ETH for Venus.

It’s also possible to check out our comparison of the best places to buy bitcoin in Australia for those looking to learn more about which exchanges we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Venus (XVS) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Venus in Canada, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Venus if it’s available. If the exchange doesn’t have Venus. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Venus), and trade your ETH for Venus.

You can also take a look at our analysis of the trusted crypto exchanges in Canada for those looking to learn more about which ones we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Venus (XVS) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Venus in the UK, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Venus if it’s available. If the exchange doesn’t have Venus. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Venus), and trade your ETH for Venus.

You can also take a look at our analysis of the most reliable UK crypto exchanges if you’re curious to know more about which exchanges we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Venus? XVS Rundown

Venus is an algorithmic money marketplace and synthetic stablecoin protocol that was launched exclusively on Binance Smart Chain.

This protocol allows users to borrow against collateral quickly and with lower transaction fees. Venus also allows users to create VAI stablecoins instantly by posting minimum 200% collateral to the Venus smart-contract.

VAI tokens are synthetic BEP-20 token assets that are pegged to the value of one U.S. dollar (USD), whereas XVS tokens are also BEP-20-based, but are instead used for governance of the Venus protocol, and can be used to vote on adjustments--including adding new collateral types, changing parameters and organizing product improvements.

Since the XVS community members have no XVS token allocations, the governance of the protocol can only be controlled by XVS members.

The main strengths of Venus are its speed and low transaction costs. This is due to it being built on top the Binance Smart Chain. This protocol is the first to allow users to access lending markets Bitcoin (BTC), XRP and Litecoin ( LTC). It also allows users to use other cryptocurrencies to source liquidity real-time thanks to its near-instant transactions.

Customers who use the Venus Protocol to source liquidity do not need to go through a credit check. They can apply for a loan quickly by using the Venus decentralized application ( DApp). Users aren't restricted by their location, credit score, or any other factors. They can source liquidity at any time by providing sufficient collateral.

These loans are made from the contributions of Venus users who get a variable annual percentage for their contributions. These loans are secured by over-collateralized deposits that users make on the platform.

The Venus Protocol uses price feed Oracles to avoid market manipulation . This includes those from chainlink. To provide accurate pricing data that cannot been altered, the protocol also uses price feed Oracles . The protocol has access to price feeds at lower costs and with greater efficiency thanks to Binance Smart Chain. This reduces the overall system cost.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.