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How to Buy Covenant (COVN) with Lido Staked Ether (STETH)

To purchase Covenant using Lido Staked Ether, firstly, locate a cryptocurrency exchange that supports the COVN/STETH trading pair. Create an account, verify your identity, and deposit your STETH into your exchange wallet. Find the COVN/STETH pair on the trading platform and place an order to exchange your Lido Staked Ether for Covenant. If the COVN/STETH pair is not available, you can initially exchange Lido Staked Ether for a stablecoin such as Tether (USDT) or a fiat currency, then trade that for Covenant. Be aware of potential exchange fees, which vary by platform and can impact the total cost of your transaction.

How to Sell Covenant (COVN) for Lido Staked Ether (STETH)

To sell Covenant for Lido Staked Ether, first, find a cryptocurrency exchange that supports the COVN/STETH trading pair. Create an account, verify your identity, and deposit your COVN into your exchange wallet. Locate the COVN/STETH pair on the trading platform and place a sell order to exchange your Covenant for Lido Staked Ether. If the COVN/STETH pair is unavailable, you can first sell Covenant for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Lido Staked Ether. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.