Where and How to Stake Convex Finance (CVX)

Introduction

Staking Convex Finance can be a great option for those who want to hold CVX but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Convex Finance (CVX) Tokens

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

   Platform	Coin	Price
   Nexo	Convex Finance (CVX)	4.57
   Uphold	Convex Finance (CVX)	2.7
   Kraken	Convex Finance (CVX)	4.57
   OKX	Convex Finance (CVX)	4.59
   Binance	Convex Finance (CVX)	4.6
   BTSE	Convex Finance (CVX)	4.56

   See all 47 prices

2. 2. Choose 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 recommend using a staking pool when staking CVX. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their CVX, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Start Validating

   You'll need 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 be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.