Venezuelan Petro Available For Public Sale

Venezuelan Petro Available For Public Sale

After months of delay, Venezuela’s site for purchasing Petro. 

In fact, there are two ways for acquiring Petro — via the above-mentioned website (from Venezuela’s treasury) or from 6 virtual asset exchanges, which are authorized by Nicolas Maduro’s government. 

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Where and How to Buy Petro?

Once legal entities and individuals pass the registration and validation processes on the Petro’s official website, they can start purchasing the units. Here are the lists of currencies with which it will be possible to buy Petro.

  1. Fiat
    • US dollars (USD)
    • Euro (EUR)
    • Yuan (CNY)
  2. Crypto
    • Bitcoin (BTC)
    • Ether (ETH)
    • Litecoin (LTC)
    • Dash (DASH)

For now, however, Petro is only available for BTC and LTC.

Among the government-supported crypto-trading platforms where Petro is available are:

  • Amberes Coin 
  • Bancar
  • Criptolago
  • Cryptia
  • Cave Blockchain
  • Afx Trade

Cointelegraph reports that so far none of them has been listed among the best 100 platforms on CoinMarketCap.com.  

It is important to note that it is Joselit Ramirez, Venezuela’s chief of digital assets, who is responsible for the customer support related to the acquisition of Petro. 

From the outset, the launch of Petro was expected to take place over half a year ago. At the end of February, the pre-sale started, while the public sale was planned for March. Maduro’s government noted that Petro is going to be used as an alternative currency to Bolivar.

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