Why buy Convex with Kraken?

About Convex

What can you do with Convex?

Swap Convex for other assets

Convex FAQ

Learn more about Convex

1. How is Convex different from normal cash?

   Unlike traditional currencies, Convex is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Convex. This decentralization means the holders and users of Convex can help to maintain the network.

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2. Where can I buy Convex?

   Most find that the easiest and most secure way to purchase Convex is through a trusted cryptocurrency platform like Kraken. While Convex can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Convex.

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3. How do beginners buy Convex?

   While Kraken makes it easy for anyone to buy Convex, beginners should first do their own research (and may consider seeking professional advice) before making decisions about whether or not to buy digital currencies. After learning about Convex in the Kraken Learn Center, beginners can use Kraken to buy Convex in moments with as little as $10.

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4. Is Convex available to buy and sell in my country?

   To find out if Kraken offers Convex in your region, please check our Support article to see what cryptoassets are available in your country.

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5. Is Convex a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Convex may be a worthwhile purchase.

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6. Can I purchase Convex using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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7. What are the transaction fees for buying Convex?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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8. What is the minimum amount of Convex I can buy?

   You can buy as little as $10 worth of Convex on Kraken. Kraken also allows you to set up recurring buys so you can continuously accumulate small amounts of Convex regularly.

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9. Can I buy Convex with a debit card?

   Yes, you can buy Convex using a debit card on Kraken.

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10. Can I buy Convex with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Convex using hundreds of other cryptocurrencies. Browse the Convex markets available on Kraken to see how much it costs to buy Convex with other cryptocurrencies.

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11. How can I keep my Convex safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Convex. When you choose to keep your Convex on Kraken, it is secured by our globally-recognized security standards.

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12. Can I set up automatic recurring buy orders for Convex?

    Yes, Kraken makes it easy to automatically buy Convex on a recurring basis. Recurring buys, also known as dollar cost averaging, is a way to continuously increase your asset holdings without needing to manually place an order each time.

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13. Will I owe taxes when buying and selling Convex?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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14. Can I transfer Convex from Kraken to my crypto wallet?

    Yes, the Convex you buy on Kraken is yours. Kraken makes it easy to withdraw your Convex to any hot wallet or cold wallet that supports Convex. Simply enter the external wallet address and your Convex will be in your wallet a few moments later.

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15. Is it safe to leave my Convex on Kraken?

    We take every measure possible to keep the Convex you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Convex. Learn more about our globally-recognized security standards.

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16. Can I pay for online goods and services using Convex?

    Yes, as long as the seller is willing to accept Convex in return for the goods and services you are purchasing.

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17. What is the current circulating supply of Convex?

    The current circulating supply of Convex is 82 057 771 CVX.

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