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How to buy Convex Finance (CVX) in the UK

Learn how to buy Convex Finance (CVX) on 3+ crypto exchanges in our step-by-step guide.

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

Convex Finance (CVX) is the 117th largest cryptocurrency by market cap, valued at US$328,479,977.

Convex Finance is a highly volatile asset capable of major price swings in a single day. Today CVX is trading for $4.22 USD, which is higher than yesterday's trading price of $4.17 USD. Over the past year, Convex Finance's price has seen a decrease of -50%.

So before you buy Convex Finance, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy Convex Finance.

How to buy Convex Finance in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Convex Finance is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Convex Finance
    You can now exchange your funds for Convex Finance. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Convex Finance to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy Convex Finance in the UK

Find an exchange to buy, sell and trade CVX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
1 - 3 of 3
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Uphold - Digital Asset Platform
Uphold - Digital Asset Platform
Bank transfer (ACH), Debit card, Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

214
cryptocurrencies

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Kraken Cryptocurrency Exchange
Finder Award
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD, AED

222
cryptocurrencies

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View details
Coinbase Digital Currency Exchange
OFFER
Coinbase Digital Currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

255
cryptocurrencies

Get £5 free with your first trade. T&Cs apply.
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How we keep this Convex Finance guide up-to-date

  • CVX price data is regularly updated through data feeds so you always have the latest information.
  • Convex Finance performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Convex Finance?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Convex Finance?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Convex Finance.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing CVX with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy Convex Finance?

The easiest way to buy CVX is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying CVX, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Convex Finance has been performing recently.

Best Convex Finance wallets to store your CVX

You can keep your CVX 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 CVX 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 Finance a good investment?

CVX is the base crypto asset that is used to facilitate a host of internal processes related to the Convex Finance ecosystem. Here are a few key aspects to consider before investing in the platform:

  • Ease of availability: Unlike a host of DeFi tokens that are not easily available, CVX can be purchased quite easily. According to CoinmarketcapCoinmarketcap the asset is currently being traded across a host of prominent exchanges including Binance, OKX, Bitget, Huobi Global and Mandala Exchange.
  • Massive incentives available:The longer the duration a user locks in his/her CRV (Curve Finance) tokens, the more veCRV they are able to accrue as rewards. These coins provide users with tangible financial incentives such as 50% of the platform’s native trading fees as well as affords them voting rights. If that wasn’t enough, it allows users to increase their liquidity provision benefits by a factor of 2.5 times (depending upon the total volume of tokens held by them).
  • Minimal fees:As per data available online,onlineConvex Finance deploys a unique fee-related strategy wherein unlike other ecosystems that require users to shell out a hefty trading fees to cover for any gas charges, Convex does not have any withdrawal fees. Instead, it provides users (i.e. CRV owners as well as liquidity suppliers) with the option of accruing rewards via the platform’s native cryptocurrency ‘CVX’.

Today's Convex Finance price versus ATH

Compare today's price of Convex Finance ($4.22 USD) against its all-time-high price of $60.09 USD on 01 January 2022. The closer the bar is to 100%, the closer CVX is to reaching its ATH again.

Convex Finance's price: $4.22
ATH date: January 01, 2022
7.02%

Convex Finance ATH: $60.09


How to trade, convert or sell Convex Finance

You can convert or sell your CVX with the same exchange you bought it through:
  1. Sign in to the exchange you have CVX on.
  2. If you store your Convex Finance 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 CVX you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Convex Finance.
  6. Complete your transaction and move your CVX 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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