How to Buy Convex (CVX)

How to Buy CVX in 3 Simple Steps

Have you placed your CVX order yet?

What is QNT?

Why buy Convex with Kraken?

How Much CVX Can I Buy With Kraken?

How to Keep Your CVX Investment Safe

What Can I Do With Convex After I Buy It?

How to Buy Convex FAQ

1. Is Convex worth buying?

   The short answer is that it depends on your own individual circumstances. For those that see value in Curve-based yield optimizing protocols, Convex may be a worthwhile investment.

2. How do beginners buy CVX?

   Beginners should first do their own research (and consider seeking professional advice) before buying CVX. Kraken’s What Is Convex? (CVX) article offers a good overview of the key facts surrounding Convex. With an understanding of the software, beginners can buy CVX in just a few minutes with as little as $10 on Kraken.

3. When is the best time to buy CVX?

   The traditional financial advice, that “it is impossible to time the market,” holds true for Convex too. However, the answer to this question ultimately depends on your goals and financial circumstances.
   Those that have concerns about timing the market should consider dollar cost averaging their CVX purchases using an exchange like Kraken. Dollar cost averaging allows you to purchase the same dollar amount of Convex on a consistent time interval, regardless of its market price. This allows you to constantly accumulate CVX, without having to worry about timing each market fluctuation. 

   Buy CVX

4. Can I buy less than one CVX?

   Yes, you can buy less than one CVX. If the current price of a single coin is outside of your price range, remember that CVX was designed to be broken down into smaller fractions. Kraken lets you start buying Convex with as little as $10. 

   Buy CVX today

5. Can I buy CVX with my bank account or debit/credit card?

   Yes, U.S. clients can buy CVX using their bank account. Kraken also enables our clients in several countries around the world to purchase Convex with their credit or debit card. A full list of funding options by country can be found here.

   Buy CVX

6. How much CVX should I buy?

   Everyone’s financial situation, appetite for risk and objectives are different. CVX is subject to volatility and price fluctuations. Consider these factors as you evaluate how much Convex you are willing to buy.

   Buy CVX today

7. Where is the best place to buy Convex?

   CVX can be purchased from a variety of locations today, such as Crypto ATMs, various fintech platforms and even directly from other individuals. The easiest and safest place to purchase Convex is through a trusted cryptocurrency exchange like Kraken.
   With Kraken, you can count on our low fees, easy to use products, around the clock customer support and rigorous focus on the safety and security of your CVX. 

8. How long does it take to buy CVX?

   Using Kraken, it takes only a few minutes to buy Convex. Get started with our three-step process today to create your free account, connect your funding method and buy CVX. With Kraken’s mobile app, it has never been faster or easier to buy Convex.

9. Do I own my CVX?

   Unlike many other fintech and trading platforms that offer Convex, when you buy CVX on Kraken, it belongs to you. Kraken firmly believes in the self-sovereignty and the right to personal custody that Convex was built upon. Therefore, Kraken allows you to take your CVX off of the Kraken platform. You can store it in the wallet of your choice and decide how to use it. When you purchase Convex from Kraken, it is your digital property.

10. What can you buy with CVX?

    You can buy anything using Convex, as long as it is accepted as a medium of exchange. The use cases for Convex grow each day as the ecosystem finds new ways of creating uses for the CVX token.

11. How do I send CVX?

    Once you buy CVX, Kraken makes it easy to withdraw your funds and send CVX to any other CVX wallet in the world, whether that’s your own or someone else’s. From the Kraken funding page, select your CVX asset and then select withdraw. Enter the amount of Convex you wish to withdraw from your Kraken account and enter the CVX address (the long string of letters and numbers) set to receive the funds. 
    It is important to check and be absolutely sure that the CVX address you have entered is correct. If you do end up sending funds to the wrong address, even if just one character is wrong, the funds could be lost forever.

12. What is the maximum supply of Convex?

    The maximum supply of Convex is 100,000,000 CVX tokens. New coins enter circulation as a reward for verifying batches of transactions on the network, called blocks. The rate of distribution of block rewards influences the inflation rate of CVX. This issuance rate may be subject to change.

13. Is it better to buy Convex or Bitcoin?

    Everyone has different objectives. While both cryptocurrencies have well-established use cases, you should do your own research to understand which asset better suits your needs.

14. How is CVX taxed?

    After purchasing CVX, it is best to consult a tax professional to ensure that you are reporting your Convex holdings correctly.

15. What's the difference between Convex and CVX?

    Convex is the blockchain protocol which uses CVX as its native cryptocurrency. While Convex is often used to describe the coin as well, CVX is the proper name for the cryptocurrency of the Convex protocol.

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