How to exchange Venus

Venus is one of the most famous DeFi projects working on Binance Smart Chain and is consistently in the leaders in terms of the volume of locked user funds. Venus is a kind of crypto bank that allows lenders to provide loans, and borrowers to take out loans. Before making a leap into XVS trading, we suggest that you familiarize yourself with the idea of the project, analyze the history of the price, and also choose the best service for XVS trading.

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What is Venus (XVS)?

How to trade Venus crypto?

Venus is a platform running on the Binance Smart Chain, where users can take out a loan secured by their cryptocurrency or invest their cryptocurrency in turnover at interest. With the help of Venus, you can give or borrow funds in a decentralized manner on the blockchain. To do this, you do not need documents, contracts, etc., and your coins are not stored with third parties, all assets are on smart contracts.

Venus has its native tokens:

  • XVS. A token of the BEP-20 standard, that is, built on the BSC blockchain. It is distributed daily among all users of the platform. Performs the management function – XVS holders can vote for proposals to improve Venus, change current parameters or add new assets.
  • VAI. This is a “synthetic stablecoin” running on BSC. Its value is secured by collateral. It can be mint by mortgaging its own cryptocurrency, thereby ensuring its value. Despite the fact that Venus positions VAI as a stablecoin, its actual price is not equal to $1, but fluctuates around $0.87-1.

Why should I exchange Venus?

The arguments for including XVS in the list of cryptocurrencies that you trade are as follows:

  • In just a year since the launch of the project, it was able to attract huge attention from investors and traders. The cost has increased many times and continues to grow.
  • At the moment, the price has significantly decreased, which provides an opportunity to buy the dip. Since the crypto asset has already shown that it can significantly increase in price, its purchase is guaranteed to be a profitable investment.

As of July 17, 2021, the market cap of Venus is $167,639,404. The price per one XVS coin is around $16. Venus is a relatively new crypto asset that started trading at a price of $2.6 in 2020, but soon on May 10, 2021, a record price was recorded that reached $147.02. The minimum price of the coin was set on November 4, 2020, when the asset was trading at $2.07. Since that time, the coin price has increased by 1263.80%.

Where to trade Venus?

Initially, XVS was traded only on Binance, but soon it was listed on other well-known platforms. According to the CoinMarketCap rating, the best crypto exchanges for XVS are:

  • CoinTiger – a well-designed trading platform interface is available in several languages. The fees are minimal and amount to only 0.1%.
  • HitBTC – a multifunctional, secure cryptocurrency exchange. Depending on the level of account verification, there are different limits for withdrawing funds from the exchange.

In addition, you can seamlessly purchase and sell XVS at the most favorable rates and in a secure manner on the 7b crypto broker.

Where to trade cryptocurrency

How to exchange Venus using the 7b crypto broker app?

7b crypto broker app is the best place to trade XVS. The service provides easy payment methods, useful trading tools, and low fees. Just follow the instructions below:

  1. Sign up for your 7b account.
  2. Deposit funds.
  3. Choose XVS and cryptocurrency to exchange.
  4. Enter how many XVS coins you want to sell or buy.
  5. Place a market order and check your account soon. 

How to buy Venus?

Instruction on buying XVS

Buying XVS for the first time might a bit complicated for a beginner. That is why we have composed a step-by-step instruction so that you could buy XVS without any problems:

Step 1. Sign up to a service providing trading or exchanging

Step 2. Deposit your account with BTC or ETH

Step 3. Find XVS/BTC or XVS/ETH trading pair

Step 4. Enter the necessary sum

Step 5. Confirm the transaction

What is the best time to buy XVS

According to the most analytical reviews, the best time to buy XVS is now. Thought the price fluctuations might occur from time to time, the general trend is upwards.

However it is only up to you to decide, while the information above should not be mentioned as a financial advice.

How to sell Venus

Selling XVS does not differ much from buying it, however, to avoid mistakes follow this instruction to sell XVS:

Step 1. Login the exchange platform you use

Step 2. Find XVS/BTC or XVS/ETH trading pair

Step 3. Enter the necessary sum

Step 4. Confirm the operation

Step 5. Exchange BTC or ETH to fiat (Optional)

What to know before buying XVS

Before buying XVS acknowledge yourself with some helpful tips, which might save your funds:

  1. Keep your XVS either on hot or cold wallet. It guarantees the safety of your funds.
  2. Stay calm when the prices go up and down – the volatile nature of cryptocurrency causes huge price fluctuations, however it does not mean you should buy and sell hundreds of times a day.
  3. Never entrust your funds to dubious services, while some of them might eventually turn out to be scam or fraud.

FAQ

Is Venus a good investment?

XVS is one of those investments that will bring profit. In the shortest possible time of its existence, it was able to significantly increase in price. And its all time high of $147 showed good prospects for making a profit. Buy XVS now at a bargain price of $15, in order to sell it more expensive in the future when the asset rises again.

How do I invest in Venus?

When investing in cryptocurrency, remember about such a moment as portfolio diversification. Carefully select assets to avoid possible losses. In order to buy XVS on 7b, just log in to your account, make sure that you have the funds to buy, search XVS in the list, and choose the crypto asset you exchange for XVS, all the difficult work is left to us. Store your coins in a reliable wallet until the price goes higher. 

How to trade Venus for beginners?

Novice traders are often impulsive in making decisions and trust unverified sources. Remember that trading is a business where everyone wants to grab their own. Therefore, trust only yourself and your research. Do not trade on the eve of significant world events, as the market is unpredictable and can both take off or collapse. To buy or sell on 7b, deposit funds to your balance, enter XVS or Venus in the search bar, set the transaction parameters, and approve the payment. 

What is the Venus Blockchain? 

Venus Protocol is a DeFi landing platform running on the Binance Smart Chain. Users can make deposits in various cryptocurrencies, earning a percentage of remuneration for this and take loans secured by the deposited cryptocurrency.

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