Centropyge venusta has a blue and yellow colouration. Yellow dominates the lower front part of the body and is also found around the snout area, There is a wedge of blue on the nape separating the patches yellow. There is also an area of blue starting close to the front of the dorsal fin and covers the rear part of the body and the caudal fin. The anal and pelvic fins are yellow with blue margins. The distribution of the blue and yellow colour varies in individual fishes. The dorsal fin contains 14 spines and 16 soft rays while the anal fin has 3 spines and 15 soft rays. This species attains a maximum total length of.
Centropyge venustais found at depths between. It is a shy and unapproachable species of caves and overhangs, where it is typically encountered as solitary individuals oriented upside down on the roofs. It does form pairs or small groups. Its diet in the wild is unknown but in captivity it requires live food.
Centropyge venusta is rare in the aquarium trade and commands high prices when it does become available. It has now been bred and successfully reared in captivity.