No items found.

Venus BTC

price
change

Discover Venus BTC's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Venus BTC?

Venus BTC (VBTC) is a cryptocurrency operating on the Binance Smart Chain (BEP20) platform. It is part of the Venus protocol, an algorithmic money market and synthetic stablecoin decentralized finance protocol.

How is Venus BTC used?

Venus BTC (VBTC) is a tokenized version of Bitcoin launched on the Binance Smart Chain by the Venus protocol. It is used as the base cryptocurrency in the Venus decentralized finance ecosystem, allowing users to mint stablecoins and earn yields.

How do I store Venus BTC?

To store Venus BTC (VBTC) tokens, you have two primary options:

  1. Store on an Exchange:

    • Hold your funds on a centralized exchange (CEX) like Binance or KuCoin. This provides easy access to trading features and investment products. The exchange manages your private keys, ensuring security. However, this method may not offer full control over your assets.
  2. Non-Custodial Wallets:

    • Withdraw your VBTC to a self-custodial wallet, such as a hardware wallet, Web3 wallet, or paper wallet. This grants you complete control over your private keys, ensuring maximum security. However, it may be less convenient for frequent trading and requires secure storage of your private keys to avoid loss.

Choose the method that best fits your needs and preferences.

How to buy Venus BTC?

To buy Venus BTC (VBTC) tokens, follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that supports VBTC, such as Coinbase Wallet, MetaMask, or TrustWallet. Download the wallet extension or app and create an account, noting your seed phrase for security.

  2. Set up your Wallet: Provide personal information and a strong password. You will receive a secret recovery phrase or seed words, which are crucial in case you lose your wallet.

  3. Buy a Base Currency: Choose a cryptocurrency exchange platform and buy a base currency like Bitcoin, Ethereum, or Tether. This will be used to trade for VBTC.

  1. Transfer Funds to your Wallet: Withdraw your base currency to your crypto wallet by providing your wallet address and the amount to transfer.

  2. Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet, such as Pancake Swap. Ensure the exchange supports the wallet you chose.

  3. Buy Venus BTC (VBTC): Connect your wallet to the DEX and trade your base currency for VBTC. Enter the amount you want to trade and complete the transaction.

  1. If VBTC is Not Listed: Use bscscan or etherscan to find the smart contract address if VBTC is not listed on the DEX. Copy and paste the address into the DEX to complete the transaction.

Alternatively, you can also buy VBTC through a centralized exchange like KuCoin, which involves creating an account, verifying your identity, adding a payment method, and purchasing VBTC directly or by exchanging it with a popular cryptocurrency like USDT.

Discover
Venus BTC
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Venus BTC

Venus BTC (VBTC) is a cryptocurrency that operates on the Binance Smart Chain (BEP20) platform. It has a current supply of 205,836 tokens, with no maximum supply specified. The token's price history is available on various platforms, including BitDegree, which provides a detailed chart for analysis and smart decision-making. Historical prices for VBTC can also be found on Yahoo Finance, where users can view daily, weekly, or monthly data.

The current price of Venus BTC is around $869.99 USD, with a 24-hour change of -2.51%. Users can find more information about the token on the official Venus BTC dashboard at https://app.venus.io/dashboard.

Discover
Venus BTC
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Venus BTC works

Venus BTC (VBTC) is a cryptocurrency token that operates on the BNB Smart Chain (BEP20) platform. It has a total supply of 205,836 tokens and is currently traded at a price of $1,399.01.

Key Features
  1. Blockchain Platform: Venus BTC is built on the BNB Smart Chain, which is a decentralized platform that allows for the creation and execution of smart contracts. This platform enables the secure and transparent transfer of assets and data.

  2. Token Supply: The total supply of Venus BTC is capped at 205,836 tokens, ensuring a controlled and predictable supply in the market.

  3. Smart Contracts: Venus BTC uses smart contracts to facilitate transactions and ensure the integrity of the network. These contracts are self-executing and automate specific actions when predetermined conditions are met.

  1. Decentralized Exchanges: Venus BTC can be traded on decentralized exchanges (DEXs) such as Pancake Swap, which provide a peer-to-peer platform for buyers and sellers to interact directly without the need for intermediaries.

  2. Wallet Support: Venus BTC is supported by various crypto wallets, including Coinbase Wallet, MetaMask, and TrustWallet, which allow users to store, send, and receive VBTC tokens securely.

Trading and Purchasing

To buy Venus BTC, users can follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that supports Venus BTC and download the app or browser extension.

  2. Set up the Wallet: Create an account, provide personal information, and set a strong password. Note down the secret recovery phrase or seed words for security.

  3. Buy Base Currency: Purchase a base currency such as Bitcoin, Ethereum, or Tether on a cryptocurrency exchange platform.

  1. Transfer Funds: Withdraw the base currency to the crypto wallet.

  2. Choose a DEX: Select a decentralized exchange that supports the wallet and Venus BTC. Connect the wallet to the DEX and start trading.

  3. Buy Venus BTC: Use the base currency to buy Venus BTC on the DEX.

Additional Tips
  • Diversify Portfolio: Spread investments across multiple cryptocurrencies to minimize risk.
  • Market Trends: Be aware of market trends, trading fees, and crypto taxes due to high volatility.
  • Liquidity: Compare liquidity of trading pairs for better pricing and tighter spreads.

By following these steps and guidelines, users can securely purchase and trade Venus BTC, taking advantage of its decentralized and transparent nature.

Discover
Venus BTC
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Venus BTC's strengths

Venus BTC (VBTC) has several strengths that contribute to its potential success in the decentralized finance (DeFi) ecosystem:

  1. Innovative Solution: Venus BTC is an innovative solution that allows users to access DeFi with Bitcoin, which is a pioneering cryptocurrency in the market. This integration enables users to utilize Bitcoin within DeFi applications and protocols without leaving the Ethereum network, making it more accessible and efficient.

  2. Experienced Team: The team behind Venus BTC has a strong background in blockchain and finance, which is crucial for the development and maintenance of a reliable and secure DeFi platform.

  3. Growing Community: Venus BTC has a rapidly expanding community with over 50,000 followers on social media, indicating significant interest and support for the project.

  1. High-Profit Potential: Venus BTC offers various attractive features such as loans, collateral, liquidity pools, and yield farming, which provide users with opportunities to generate high profits through staking and participation in the Venus protocol.

  2. Tokenomics: Venus BTC has an unlimited total supply, but its circulating supply is currently limited to 1,234 vBTC, with a 1:1 BTC/vBTC supply ratio. This structure allows for flexibility and scalability while maintaining a direct tie to Bitcoin's value.

  3. Technical Analysis: Venus BTC's price prediction for 2024 and beyond is neutral, indicating a stable market sentiment. The RSI and moving averages are used to identify overbought or oversold conditions, helping traders make informed decisions.

  1. Market Capitalization: Venus BTC has a significant market capitalization, currently standing at $256.20 million, which is a testament to its market presence and liquidity.

  2. Staking Rewards: Venus BTC offers staking rewards, allowing users to earn passive income by holding the token. This incentivizes users to participate in the network and maintain its stability.

These strengths collectively contribute to Venus BTC's potential to become a leading tokenized Bitcoin in the DeFi ecosystem.

Venus BTC's risks

Venus BTC (VBTC) carries several risks due to its nature as a cryptocurrency and its involvement in decentralized finance (DeFi). Here are some of the key risks associated with VBTC:

  1. Volatility: Cryptocurrency markets are notoriously volatile, and prices can change significantly over short periods. This unpredictability can lead to significant losses for investors.

  2. Risk Rating: Although VBTC has received a low risk rating from InvestorsObserver, this does not guarantee that it is completely risk-free. The rating is based on a proprietary scoring system that analyzes the amount of money required to move the price.

  3. Market Capitalization: VBTC has a market capitalization of $256.20 million, which is relatively small compared to other cryptocurrencies. This smaller market size can make it more susceptible to price fluctuations.

  1. Liquidity: VBTC's liquidity is limited, with a daily volume of $0. This lack of liquidity can make it difficult to buy or sell the token quickly and at a favorable price.

  2. Regulatory Risks: Although Venus BTC prioritizes compliance and regulations, the DeFi ecosystem is still subject to changing regulatory environments. This can impact the token's value and usability.

  3. Technical Risks: Technical analysis is crucial for predicting price movements, but it is not foolproof. Trend lines, moving averages, and other indicators can be misleading, leading to incorrect investment decisions.

  1. Security Risks: As with any cryptocurrency, there is a risk of security breaches or hacking incidents that can result in the loss of funds or sensitive information.

  2. Tokenomics: VBTC has an unlimited total supply, which can lead to inflation and devaluation if not managed properly. The circulating supply and supply ratio also play a crucial role in determining the token's value.

  3. Community and Adoption: The success of VBTC is heavily dependent on the growth and adoption of the Venus ecosystem. If the community does not expand or if adoption rates are slow, the token's value may suffer.

  1. Competition: VBTC operates in a competitive market with other tokenized Bitcoins. If competitors offer more attractive features or better performance, VBTC's value may decline.

Investors should conduct thorough research, consult with financial advisors, and carefully consider these risks before investing in Venus BTC or any other cryptocurrency.

Discover
Venus BTC
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Venus BTC raise funds?

Discover
Venus BTC
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Venus BTC's ecosystem

No items found.
No items found.
Discover
Venus BTC
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Venus BTC’s team

  • Tim: Founder of Venus BTC (vBTC), created by Swipe Labs.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Venus BTC NEWS REPORT

Latest news

Want an analysis of Venus BTC? Tell us on discord.

Similar tokens

Looks like we're missing similar tokens!
Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM