Bitvavo makes Convex Finance as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
What is Convex Finance?
Convex Finance is a platform built to boost rewards for CRV stakers and liquidity providers alike with an easy to use interface. Convex aims to simplify staking on Curve, as well as the CRV-locking system with the help of its native token CVX. Convex aims to make it easy to maximize the CRV boost by depositing/maintaining the veCRV balance. By doing so, Convex hopes to bring the CRV boost ecosystem to everyone. Liquidity providers can earn trading fees and claim boosted CRV without locking CRV themselves.
How to buy Convex Finance?
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Convex Finance. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
How to store Convex Finance?
Storing Convex Finance and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Convex Finance without any technical knowledge. Here is a brief overview of the existing wallet options to store your Convex Finance:
Hosted wallets are wallets where the private keys to your Convex Finance are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Convex Finance online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Convex Finance. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Convex Finance, and if malicious parties have access to your device, your private keys (and therefore your Convex Finance) can be stolen.
A hardware wallet is a physical device on which you can store your Convex Finance offline. It is one of the safest ways to store your Convex Finance, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Convex Finance is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Convex Finance. Once you have purchased Convex Finance on Bitvavo, you can choose to send your Convex Finance from your Bitvavo wallet to your own software or hardware wallet.
Direct Euro Transfers
Buying digital assets with Euros has never been easier. Bitvavo supports 8 payment methods, including SEPA for instant transfers.