Where and how to stake Convex Finance (CVX)

Introduction

Staking Convex Finance can be a great option for those who wish to hold CVX while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Convex Finance (CVX) Tokens

   To stake Convex Finance, you need to have it. To obtain Convex Finance, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Convex Finance (CVX)	5.29
   Uphold	Convex Finance (CVX)	2.7
   Kraken	Convex Finance (CVX)	5.24
   OKX	Convex Finance (CVX)	2.23
   Binance	Convex Finance (CVX)	5.28
   BTSE	Convex Finance (CVX)	5.29

   See all 47 prices

2. 2. Select a Convex Finance Wallet

   Once you have CVX, you’ll need to choose a Convex Finance wallet to store your tokens. Here are some good options.

3. 3. Delegate Your CVX

   We suggest using a staking pool for staking CVX. It's easier and quicker to get started. A staking pool is a collection of validators who combine their CVX, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Convex Finance network. You'll be rewarded with CVX for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.