If you have any interest to buy Vent Finance (VENT), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
There have been several phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the website keenly. First, be on the lookout for the ‘Secure’ certificate that should pop up in your address bar and that acts as a confirmation of the site’s genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches.
1.2 Fill in your trading details
You have to fill in your details by going to the ‘’Register” tab found in the right-hand corner of the website’s page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
You also need to choose a strong password for your email; a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your account’s verification code and for completing the registration process.
1.3 Allow 2FA-Two-factor authentication (Optional)
To make your account more secure you need to allow use of a two-factor authentication after your first log in. Trust me; it is vital to set up the 2FA because it makes your account more secure from any hacking activity!
Every time you log in with the two-factor authentication, you will need to provide a unique code once your type in your email and password. To get your unique code, use the Google authenticator app downloaded into your smartphone.
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, I will guide you on how to use your credit card.
Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
I highly recommend buying Bitcoin first and then trading it for the right amount of Vent Finance (VENT).
It is easy to purchase Bitcoins via your credit card but I will elaborate on best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
Lastly, your personal document will be approved once verified by the system and an email send to show the confirmation of order purchase. Subsequently, your Binance account is credited with the purchased BTC or Ethereum.
Step 3: Transferring Your Cryptos to an Altcoin Exchange Gateio
Now let me show you how to purchase Vent Finance (VENT) using your investment from Binance.
But, not every crypto be traded in Binance we need to transfer our coins to an exchange that Vent Finance (VENT) can be traded.
So, let me guide you to gate.io which is a famous exchange to trade altcoins. Use the link below to register your new account.
If you have completed similar processes as we’ve done before with Binance we are ready to transfer our Bitcoins.
Step 4: Depositng BTC to Exchange
After you have created your trading account setup at one of the exchanges that trades Vent Finance (VENT), you will need to transfer your BTC from Binance to that specific exchange.
You have to do this using a wallet system. Then, deposit BTC to gateio Click “Deposit” from the top right menu. You need to look for the search box, type “BTC” and click deposit button and copy the given “Deposit Address”.
The process may be difficult but don’t worry, it is easier than a bank transfer. Once you copy your unique BTC wallet address go back to Binance.
Then, move your cursor to “Wallet” on the right hand side of the topbar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”.
Look for BTC in the list and click on “Withdraw” on the right hand side. Then, paste the deposit address you just copied from the other exchange and select BTC as the transfer network.
Next, type the amount that you want to withdraw (you may click the Max button if you want to withdraw all). Then, you click on the Submit button to begin with the withdrawal process.
To continue with the withdrawal, Binance may ask you for your 2FA code and also you will have to confirm the withdrawal with an e-mail.
That is all you need to do, now you should wait for a few seconds so that the blockchain to confirm your transaction.
Step 5: Trading Vent Finance (VENT)
Now, you need to go back to Bitmax to buy Vent Finance (VENT) with the Bitcoins you sent.
Then move your mouse over to trading and then click standard under cash trading. Next, in the left column make sure to select “BTC” pair and in the search bar type in “VENT”.
After you have moved your coin click on it and now you will see a price table of VENT/BTC in the middle of the page. Select the “Market” tab as that is the easiest way of buying orders.
Or you can either choose to type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons.
Once you have confirmed everything, click “Buy VENT”. Now you own your VENT!
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever Vent Finance gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store Vent Finance securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your Vent Finance for some long time, you need to find ways to ensure it stays safe safe,
However Binance is the most safe cryptocurrency exchange, in the past few years there have been hacking incidents and funds were lost. Because of the design of the wallets in exchanges, they will be accessible always via the internet (“Hot Wallets” as they are called), therefore exposing certain aspects of weaknesses.
Thus safeguard your cryptos by putting them in “Cold Wallets”, where the wallet will only have access to the blockchain(or simply “go online”) when you send out funds,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of free cold wallet. It can also be defined as an offline-produced pair of public and private address and that you write on a paper for keeping safely with you. But, it is not permanent and may be faced by certain risk.
Thus, Hardware wallet is therefore the best compared to cold wallets. Since they are usually USB-enabled devices that can hold the key information of your wallet in the safest manner. Also they are designed using military-level security and their firmware’s are continuously upgraded by their manufacturers and this makes them extra safe to use. For example, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $50 to $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy Vent Finance with cash?
The answer is No. Because there is no way you can directly buy Vent Finance with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin exchange. It is more of a marketplace where users can buy and sell Bitcoins to and from each other. Users, known as traders, make advertisements to show their price and the payment method they want used. Then buyers buy from the traders to buy from sellers in a particular nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite payment methods somewhere else. The site’s prices are high and you have you have to be extra careful to avoid conmen.
What are the quickest ways I can buy Vent Finance while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and quick way. Because Europe has even online banks which help buyers to simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Such banks which are common as online banks in Europe are Bunq, N26 and Revolut.
Can I use alternative platforms to purchase Vent Finance or Bitcoin with credit cards?
Yes you can, you just need to visit Changelly which an easy to trade in site especially when it comes to buying Bitcoin with credit cards. It provides an automatic cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit card. It has been designed to allow users to have easy crypto buying since it has a simple user interface and provides instructions that are easy to follow too.
About Vent Finance (VENT)
What Is Vent Finance (VENT)?
VENT is the first full-stack Cardano-Polygon community launchpad ecosystem that enables sustainable growth. The platform will open up new investment opportunities and make DeFi accessible to everyone. Combining simplicity, security, and transparency, VENT aims to reset the world’s expectations of what a decentralized launchpad is and help evolve the reputation and maturity of the DeFi space and crypto ecosystem as a whole.
VentUp Launchpad, the first offering within the platform is where founders share innovative blockchain projects with the communities that will join forces to fund them.
- Platform-level identity verification: simple, one-time process.
- Customer support throughout all stages of registration, KYC, and investment.
- Projects selected by the community and vetted by the team.
- Flexible Fundraising Mechanisms (IDO, Private Rounds, ISPO)
- Innovative P.A.S. (Point Allocation System) allocation mechanism to reward long-term holders, true community members while enabling new users to participate.
- Social features that invite verified users to interact with each other and exchange ideas with project creators.
- Secure environment for trusted partners and community members to transact.
- Trusted entity & team in compliance with international regulations.
- Transfer functionality to allow whitelists to be delegated to eligible members.
- Project Support through Incubation Partners.
VENT is a utility token that is used to:
Participate in future IDOs on the VentUp Launchpad. Community members will be able to stake a certain number of Vent tokens and gain access to allocations in upcoming IDOs.
Give community members voting power over upcoming IDOs, new features, ecosystem updates, and initiatives. Staking $VENT will give verified community members control over the VentUp platform’s future governance.
Provide liquidity to our liquidity pools. Active participation in liquidity pools will be proportionally rewarded with $VENT.
How Many VENT Tokens Are There in Circulation?
Currently native to the Polygon chain, and soon-to-be native to the Cardano Blockchain, there is a total supply of 250 million VENT tokens — where around 21,2 million will be in circulation on TGE.
What Makes Vent Finance Unique?
Our core service is developing technology that opens up new investment opportunities and makes DeFi accessible for everyone.
With simplicity at the core of our priorities, we aim to make the user journey as easy and enjoyable as possible by improving every component involved, starting from design, customer support, wallet and API integrations, all the way to a one-time frictionless KYC.
We are not transaction-based like other launchpads, we are community-based. We recognize the power that a community holds. That is why we give them complete control. They hold the power to make a project a reality.
Who Are the Founders of Vent Finance?
- Alexander Kunzmann, VENT CEO:
Alexander is a serial tech entrepreneur who has led multiple startups over the years in pursuit of his dream of creating products with the potential to change industries. One of these initiatives was the development of a blockchain-based infrastructure for trading and tracking semi-finished goods. However, his interest in blockchain did not begin there, as he has been involved in the blockchain industry since 2016. He also has an academic background in Information Systems and Big Data technologies, as well as experience as a product manager at HYGH AG.
- Lucas Mateu, VENT COO:
Lucas is an expert at bridging the gap between technology and business. He is a Tech architect and experienced consultant with over 6 years of experience working in strategy and transformation across multiple sectors, from retail banks to the Coca-Cola company. His academic background includes Information Systems & Tech Management from top schools around the world, and he was brought up in a multicultural environment, dominating 3 languages.
- Tigran Ghazaryan, VENT CSO:
Tigran has an academic background in Information Systems and has worked as a Cybersecurity analyst at Deloitte and Axa. He also co-founded an award-winning startup in the Tech-Agriculture sector using blockchain technology in 2017.
- Aironas Seputis, VENT CTO:
Aironas is a lead software engineer with over 5 years of experience working in various industries. He has worked as a full-stack developer for an automated machine learning-based accounting firm and as the lead engineer for a buy-side real estate investment fund. He also worked in Deloitte’s cybersecurity division. His educational background includes business development as well as financial services.