Convex Finance
About Convex Finance
Convex Finance (CVX) is a DeFi protocol built on Curve Finance that boosts yield for liquidity providers and CRV stakers. The CVX token is used for governance and earning a share of platform rewards.
In the last hour, Convex Finance's price has seen a change of +0.27%, and over the past 24 hours, its price has moved by -1.46%. Over the previous week, Convex Finance's price has moved by +5.20%. The current price of Convex Finance is AED 7.5141, accompanied by a trading volume of 24.49M in the last day. Convex Finance's price is currently 96.74% below its all-time high of AED 230.22, which remains the highest price Convex Finance has achieved since its launch. The circulating supply of Convex Finance stands at 99.66M, translating to a total market capitalization of 748.9M.
Market stats
Frequently asked questions
How to invest in Convex Finance?
Rain offers you a number of ways to start investing in Convex Finance, including buying Convex Finance through bank transfers or by using your bank card. To purchase Convex Finance on Rain, you can select Convex Finance in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Convex Finance with card?
Once you add your bank card to your Rain account, you can use it to buy Convex Finance directly. You can start by adding your card to your payment options on your Rain account. To purchase Convex Finance using your bank card, you can select Convex Finance, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Convex Finance through bank deposit?
Rain enables you to buy Convex Finance using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Convex Finance. To do that, you can select Convex Finance in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Convex Finance?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Convex Finance successfully:
On your Rain account, select Convex Finance then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Convex Finance into cash?
Rain gives you the opportunity to sell Convex Finance and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Convex Finance and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Convex Finance?
If you would like to receive Convex Finance in your Rain account, simply click on Receive and select Convex Finance from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Convex Finance to avoid possible loss of funds.
How to send Convex Finance?
You can easily send your Convex Finance from your Rain account to any external wallet by clicking on Send and selecting Convex Finance from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Convex Finance with Rain?
When you buy Convex Finance with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Convex Finance on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Convex Finance wallet?
A Convex Finance wallet is where you can securely store Convex Finance. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Convex Finance address?
A Convex Finance address is a string of unique characters that is tied to your Convex Finance wallet. The address functions just like a bank account number and it is what you use in order to send Convex Finance from your wallet, or to receive Convex Finance to your wallet.
What trading pairs available for Convex Finance?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Convex Finance with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Convex Finance with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Convex Finance?
You can trade Convex Finance with any amount above $30 or equivalent in your account's currency. You can start trading Convex Finance now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Convex Finance?
Besides Convex Finance, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Convex Finance built on?
Convex Finance is built on the ETH blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Convex Finance safe?
To keep your Convex Finance safe, make sure to use trusted wallets that support ETH. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Convex Finance be in next 5 years?
Price predictions for Convex Finance over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Convex Finance taxable?
Trading Convex Finance may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Convex Finance's ATH?
Convex Finance’s all-time high (ATH) was AED 230.22 on 01 Jan 2022. This represents the highest recorded market price of the asset to date.
What is the market cap of Convex Finance?
With a market capitalization of 748.9M, Convex Finance is ranked 126 among other crypto assets.
What is the all-time high of Convex Finance?
The highest valuation of Convex Finance since its launch was at AED 230.22, marking its all-time high.
What is the 24-hour trading volume of Convex Finance?
The trading activity of Convex Finance over the last 24 hours was at 24.49M, highlighting its liquidity in the market.
How many Convex Finance are there in circulation?
There are approximately 99.66M units of Convex Finance currently in circulation, affecting its market dynamics.
What is the relative popularity of Convex Finance?
Convex Finance market cap is around 748.9M.
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