Buy Convex Finance (CVX)

Convex Finance is a decentralized finance (DeFi) protocol built on the Ethereum blockchain that focuses on optimizing the yield generation process for users of Curve Finance, a popular decentralized exchange (DEX) for stablecoins. Convex Finance aims to enhance the efficiency and profitability of yield farming by providing users with additional incentives and rewards. It achieves this through its native utility token, CVX, and its platform functionalities.

At its core, Convex Finance works by allowing users to deposit their Curve Finance LP (liquidity provider) tokens into Convex's smart contracts. These LP tokens represent users' positions in the Curve protocol and provide liquidity to the Curve pools. By depositing LP tokens into Convex, users become eligible to earn additional yield in the form of CVX tokens. CVX serves as a governance and rewards token within the Convex ecosystem. It allows token holders to participate in the decision-making process of the protocol and access various benefits. Convex Finance leverages its Convex Booster feature to optimize yield generation. The Convex Booster is a mechanism that boosts the yield earned on deposited LP tokens, effectively increasing users' overall returns. The boost factor is determined by the duration of time the LP tokens are locked within the Convex protocol. Longer lock-up periods result in higher boost factors, incentivizing users to lock their tokens for extended periods to maximize their returns. Additionally, Convex Finance also provides users with a range of other strategies and incentives to further enhance their yield generation, such as liquidity mining programs and partnerships with other protocols.

Follow the steps below to easily and securely buy Convex Finance.

1. Sign up

   Create an account with a reputable crypto platform like Finst.

2. Deposit EUR

   Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

3. Start investing

   Buy Convex Finance and securely store it on our platform.

You can securely store your Convex Finance in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Convex Finance. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Convex Finance with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Convex Finance with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Convex Finance through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Convex Finance is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Convex Finance involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Convex Finance, it is important to understand the risks.

Volatility: The price of Convex Finance can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Convex Finance is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Convex Finance through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Convex Finance or other cryptocurrencies anonymously on a regulated crypto platform in Europe.