Learn everything you need to know about Vai or VAI. Also learn how and where you can buy Vai in 2022.
Cryptocurrency is a digital money that has no physical backing. These coins are only available virtually. Online traders can exchange Vai to other virtual cryptocurrency coins. Vai is a digital currency. Unlike other types of money, your Vai is unique and cannot be stolen by a competitor. The value of Vai depends on the total supply and demand of the coin. People who solve complex algorithms (known as “proof of work”) earn new Vai. These people called miners.
The idea behind Vai is to create a peer-to-peer payment system without the involvement of banks or other intermediaries. Vai is a form of digital currency that allows individuals to transfer funds directly from one party to another without using a central bank.
Today, in this article, we are going to share how to buy and trade in Vai. You will also learn Where to buy Vai securely without any issue.
About Vai Coin: Price, Rank, and Market Cap
|Price to USD||$0.940914|
|Price to BTC||0.00002725BTC|
|24h Volume||$27.5 Thousand|
|Market Cap||$51.6 Million|
|Fully Diluted Market Cap||$151.5 Million|
What is VAI and How Does It Work?
VAI is a BEP-20 synthetic stablecoin pegged to the value of the U.S. dollar created by Venus Protocol. Venus is a decentralized (DeFi) algorithm money market and synthetic stablecoin protocol providing users with a crypto lending and credit system built on Binance Smart Chain. Users earn variable APY for providing liquidity to the protocol, earning interest in the form of XVS or platform native vTokens by supplying various supported cryptocurrencies as collateral for loans to other users. vTokens are tokenized representations of supplied balances on Venus Protocol. Collateral providers can use vTokens to mint VAI. Users may also borrow from the platform’s supported cryptocurrencies, stablecoins, and other digital assets at collateral ratios from 40% to 75% as determined by the protocol without needing a credit check. To return the collateral, users pay off the origination balance and compounded interest. The Venus Protocol promotes decentralized community governance using the Venus Token (XVS). Users can earn interest by depositing VAI to Venus Vault or through participation in Venus liquidity mining.
Technology behind Vai (What is VAI )?
Blockchain is the technology behind the all cryptocurrency like Vai. Vai is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and and decentralized. So no one can control or manage it.
What is blockchain technology?
A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using blockchain, user can confirm transactions without a need for a central clearing authority like bank. All your records are saved on decentralized computers in realtime. So no one can manipulate with any information.
Overview on Vai: The latest Valuation!
The live Vai price on May 17, 2022 is $0.940914 USD with a 24-hour trading volume of $27.5 Thousand USD. We update our Vai to USD price every 24 hours. The current market cap of Vai is $51.6 Million.
The value of the coin is 0.940914 in comparision with BTC. The Rank of this coin is 377. Till now, the coin has reached the value of 1.63.
The total supply of Vai is 54.849 M and the maximum supply is 160.972 M. As of today, the volume of this Vai is $27.498 K. The total market cap of Vai is $51.61 M.
Step by Step Guide to buy Vai in 2022
If you are new to Crypto world and want to start trading in cryto coins like VAI then here is a complete guide for you. There are somany platforms that allow buying Vai and sell Vai and all platforms and crypto exchanges are secure and safe. But some cryptocurrency exchanges are complex to use for a new users. Coinbase is the trusted place to buy, sell, and manage your digital currency like Vai, and ETH. If you want to trade Vai directly, you can do it easily on Coinbase. You will have to pay minor transaction fee.
We will share some best platforms where you can buy VAI easily and also we will share how to buy VAI using your computer or smartphone.
Some cryptocurrencies, like Vai, can only be purchased with another cryptocurrency on decentralized exchanges. Some coins can only be purchased with Ethereum (ETH) and then use ETH to buy Crypto coins. You have to choose the one that crypto exchange that suits your needs and criteria. Be aware of fee policies, before using it.
Today, Coinbase is one of the most popular and secure decentralized exchange to buy and trade in Vai on cryptocurrency markets.
Many experts recommanded decentralized exchanges instead of using centralized exchange.
Step 1: Download & Register on Crypto Exchange to buy
If you want to start investing in Vai or want to buy Vai then you have to first download Coinbase wallet. Coinbase Wallet is available as a mobile app and browser extension. Download Coinbase Wallet here.
Once you installed Coinbase Wallet on your mobile or browser, open the app and choose username. This username allow you to receive and send crypto.
Step 2: Securely store your recovery phrase
When you create a new wallet, you’ll be given a recovery phrase that includes 12 random words. Note that this key is access to your account. Anyone with this recovery phrase can access all your crypto coins. So keep this private and do not share it. You can also use Coinbase Wallet’s cloud backup feature to save the recovery phrase. If you lost it, Coinbase cannot help you with anything.
Step 3: Buy Coins to Coinbase Wallet
First create a new account on Coinbase. To create new account, just download the app on your mobile or open the official website of coinbase.
1. When app or website opens, click on get started.
2. Enter your basic personal information like email and password
3. Once done, you can access your Coinbase account.
4. Click on Assets and then again click on Explore Assets.
5. Now here search for Vai then click on Buy.
5. You will need to verify your identify using ID card. Once done, you can easily buy Vai.
If Vai is not available on Coinbase, you have to first buy ETH and then trade it with the Vai.
If you’re using the Coinbase Wallet, tap the Convert. Then Search for Vai and input the amount of ETH you’d like to exchange for Vai. Remember to leave enough for transaction fees. Transaction fee is different from one exchange to another.
If Vai is not available on Coinbase, you can use other Crypto exchanges like Binance, Bitmart, HitBTC, and Kucoin.
Transfer your Vai to an Altcoin Exchange!
Vai is a virtual crypto currency that can be traded like stocks or bonds. An crypto exchange is required to buy and sell cryptocurrencies, including Vai. You can exchange Vai for cash or other assets. If you want to keep your money safe then exchange your Vai to stable coins like altcoin or USD Coin.
According to Crypto experts, you should use a popular exchange where you can trade altcoins which has impressive liquidity.
Many crypto millionaires recommend BitMart because it supports many crypto coins and meme coins too.
Below is the list of some popular exchanges where you can buy popular crypto coins and exchange your Vai for stable coins.
Just register using your mobile number or email address, verify your ID and then start trading in Vai.
What is Binance?
Binance is well-known for its wide range of trading pairs, which includes cryptocurrencies that most other exchanges consider far too risky for their customers. Binance has its own smart contract blockchain, the Binance Smart Chain, which sets it apart from competitors (BSC). When compared to the Ethereum network, which now has over 5,000 active nodes, the Binance Smart Chain only has 21 validators. Scalability trumps security in this case. You can easily buy Vai using Binance.
How to Sell Vai?
If you want to sell your Vai then here are the steps.
Step 1: First login into your decentralized exchange where your Vai coin is stored.
Step 2: Click on Buy/Sell in the menu bar.
Step 3: Click on the Vai coin and choose sell.
Step 4: Choose the amount of Vai coin you’d like to sell and then Complete your transaction.
Step 5: Confirm the sell price and fees and close your sale of Vai coin.
FAQs on How & where to buy Stable BTC
Q.1. Is there any option to buy Vai with cash?
Ans. Unfortunately, you cannot buy Vai with cash. You can use LocalBitcoins to explore more options if you want to buy Vai with UPI.
Q.2. Can Vai be used anonymously?
Ans. Vai is not anonymous till now. It is because transactions and balance appear publicly on the network.
Q.3. What is the Current Market Price of Vai?
Ans. Current market price of Vai as of today is 51.6 Million.
Q.4. Vai to USD Price?
Q.5. What is the Max Supply of Vai today?
Ans. 160.972 M
Q.6 Can we buy Vai coin in Europe?
Ans. Yes, you can use popular decentralized exchanges like Binance or Bittrex to buy VAI.
Q.7 How to Buy Vai coin in India?
Ans. You can use Coinbase or CoinDCX to buy VAI in India in 2022.