Kraken

How to Sell Convex (CVX)

Sell CVX instantly

Looking to sell your CVX tokens? Maybe you want to secure profits or perhaps you’re interested in redeploying your capital elsewhere? Kraken provides a secure and easy way to exchange your CVX tokens for a wide range of other cryptoassets or fiat currencies.

 

Indecision and a lack of confidence in the altcoin market are just some of the reasons why an investor might want to cash out of Convex. Alternatively, an investor may decide to scale out of yield farming-based protocols and redeploy their capital to other sectors.

Ready to start?

If you’re more advanced and looking to get right in and start trading, go ahead and sell some CVX!

Why sell CVX?


  • Adjust your long-term crypto strategy

  • Avoid losses in times of sudden price movements

  • Realize profits or losses

  • Exchange CVX for other crypto or cash

  • Reduce your exposure to DeFi-based projects

  • Stop supporting the Convex ecosystem.


New to crypto?

For more details on how CVX derives its value, read our official “What is Convex?” guide.

How to sell Convex (CVX)


If you’re ready to go ahead and sell CVX, follow these simple steps below:

  1. Sign up for a Kraken account.
    You just need an email address, username and a strong password.

  2. Verify your account.
    All you need is your name, birth date, country of residence and a phone number.

  3. Send CVX to your Kraken Address
    If you want to sell CVX for another cryptocurrency (like BTC or ETH), first you’ll need to create a deposit address in your Kraken account. Depositing CVX on Kraken is as easy as transferring it to any cryptocurrency address. 
    If instead you want to sell CVX for cash (like USD or EUR), you’ll need to send us identification and proof-of-residence documents. Learn more about our different verification levels here.

  4. Sell CVX
    Once your account has received funding, you can begin selling CVX and other cryptocurrencies on Kraken.

    Simply open the New Order page, fill out the order form and click SELL. Check our OXT price charts to time the market for the best possible selling times.

Having trouble selling CVX? Let us know. You can reach us on LiveChat or by email 24/7/365.

Start selling CVX


Not yet wowed by any other crypto assets? Feel free to read through our full crypto asset guides for a better understanding of other possible opportunities.

 

Kraken