How to Buy Curve (CRV)

A protocol built on Ethereum that seeks to facilitate trading without a central order book, Curve instead lets users lock stablecoins into lending pools where they earn a portion of the trading fees, as well as new CRV tokens, for doing so.  

Rather than being a platform for trading various crypto assets, Curve was uniquely designed to let its users swap stablecoins instead. It was also programmed to give all CRV holders a say in how decisions are made, from how Curve users are reimbursed to more technical upgrades.

Not sure yet why you’d want to buy CRV? Feel free to read our ‘What is Curve?’ guide, which offers a more extensive breakdown of the project’s technology and vision. 

By providing liquidity to the Curve protocol, you can earn rewards in the form of CRV, Curve’s cryptocurrency. But there are other ways to get CRV besides earning it. 

There are a number of ways to buy CRV. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken. 

Aside from offering the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose the private key to your CRV, it can be challenging if not impossible to recover your funds. 

At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.

Follow the steps below to start buying CRV on Kraken: 

1. Sign up for a Kraken account.
   First, enter a valid email address, create a new username and set a strong password to protect your account.

2. Verify your account. 
   After providing your name, date of birth, country of residence and phone number, you can buy CRV with cryptocurrencies like LTC and ETH. In order to use cash (i.e. USD or EUR), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.

3. Deposit cash.
   You can fund your account in a number of ways. How you do so will depend upon your location and preferences.

4. Purchase CVR!
   Once your account is funded with cash, you’re ready to buy CVR. You’ll also get access to our advanced charting tools, 24-hour global client support and margin* and futures trading**. All of these features are why millions of global traders love Kraken.

*Availability of margin trading services is subject to certain limitations and eligibility criteria.

**Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more.

Once you buy CRV, you’ll need somewhere to safely store your cryptocurrency. 

Kraken is secure, but it’s always safest to keep your CRV in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.

Curve is a platform built on top of Ethereum, meaning CRV can be stored in an Ethereum wallet, of which there are many. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage. 

When choosing a crypto wallet for your CRV, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.
 

Ready to take the next step toward using decentralized exchanges and liquidity pools? Click the button below to buy CRV on Kraken today!