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How to buy Convex CRV (CVXCRV) in the UK

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

Where to buy Convex CRV in the UK

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

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

Decentralised 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 decentralised exchanges first if you're unfamiliar.

How to purchase CVXCRV using a decentralised exchange.
  1. Find CVXCRV on a decentralised 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 CoinJar. 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 finalise 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 UK.

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.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

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.

Additional information about Convex CRV can be found using our CVXCRV analysis tools.

Today's Convex CRV price versus ATH

Compare today's price of Convex CRV ($0.807264 USD) against its all-time-high price of $6.48 USD on 03 January 2022. The closer the bar is to 100%, the closer CVXCRV is to reaching its ATH again.

Convex CRV's price: $0.807264
ATH date: January 03, 2022
12.46%

Convex CRV ATH: $6.48


How to trade, convert or sell Convex CRV

You can convert or sell your CVXCRV with the same exchange you bought it through:
  1. Sign in to the exchange you have CVXCRV on.
  2. If you store your Convex CRV in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of CVXCRV you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Convex CRV.
  6. Complete your transaction and move your CVXCRV to a wallet for storage.
  1. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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