Venus is a decentralised marketplace where both lenders and borrowers can sell and trade stablecoins. Venus is governed by the native VXS token. The Venus Network allows access to an immutable money-market that is all done directly on the blockchain itself. The different assets that are held on the Venus protocol are all tied to what is known as the BEP-20 standard, or the Binance Smart Chain standard. The VAI token is the world’s first decentralised token.
It is backed by a basket of cryptocurrencies and other stable coins. Venus’ platform supports over-collateralised lending, earning interest, and minting the default synthetic VAI stablecoin. Using the VAI token, users can make governance decisions such as improvements to pre-existing products, new collateral integrations, and changes in the parameter of a platform.
The best place to buy Venus is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Venus (XVS). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of XVS is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Venus with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy XVS instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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This should not be used to make investment decisions.
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I have used a number of exchanges over the past few years and Binance was always my go to, but when they started getting restricted in Australia I nee...
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The customer service is great! It doesn't take long to withdraw from your account within one day my funds are in my bank account which is great.