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How to buy Convex CRV (CVXCRV)

Learn how to buy Convex CRV (CVXCRV) in our step-by-step guide.

Where to buy Convex CRV

It looks like CVXCRV may not be available to purchase on an exchange in the US.

You can still purchase CVXCRV by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase CVXCRV using a decentralized exchange.
  1. Find CVXCRV on a decentralized exchange and make sure Convex CRV can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for CVXCRV using an exchange like Gemini. You will need to purchase enough ETH to swap for CVXCRV as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for CVXCRV on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the CVXCRV tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Best Convex CRV wallets to store your CVXCRV

You can keep your CVXCRV on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your CVXCRV below.
Read more

Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is Convex CRV a good investment?

cvxCRV is a token unique to the Convex Finance ecosystem. While providing higher rewards for CRV token holders, the aspects of the token should be fully understood. Here are a few key factors to consider:

  • Simple yet effective reward system: When receiving rewards from cvxCRV tokens, users are given the option of not only receiving trading fees but also a sizable chunk of the boosted CRV tokens that are otherwise distributed among the platform’s liquidity providers. This set-up establishes a balanced reward distribution system and allows for better capital efficiency within the ecosystem.
  • Low-fee environment:As per Convex’s website, the Convex ecosystem levies no withdrawal fees on its patrons and charges a minimal performance fee rate – the latter being used to cover the system’s internal gas costs for rewarding CVX stakers.
  • Exchanging CRV to cvxCRV:cvxCRV is minted at a ratio of 1:1 with CRV tokens that are locked within the platform. Users can then stake cvxCRV for higher rewards. However, it is important to note that once CRV has been staked in the Convex Finance protocol and exchanged for cvxCRV, the operation cannot be reversed. cvxCRV cannot be swapped back to CRV.
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Today's Convex CRV price versus ATH

Compare today's price of Convex CRV ($0.801222 USD) against its all-time high (ATH) price of $6.48 on January 03, 2022. The closer the bar is to 100%, the closer CVXCRV is to reaching its ATH again.

Current price: $0.801222
All time high: $6.48
12%
87%

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  1. Data by CoinGecko

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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