How to Earn Convex Finance (CVX): A Step-by-Step Guide for South Africans

Introduction

Lending Convex Finance can be an excellent choice for those looking to hold CVX while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. Acquire Convex Finance (CVX) Tokens
To lend Convex Finance, you first need to possess it. To acquire Convex Finance, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Nexo Convex Finance (CVX) 1,81
Binance Convex Finance (CVX) 1,81
BTSE Convex Finance (CVX) 1,81
Coinbase Convex Finance (CVX) 1,81
Kraken Convex Finance (CVX) 1,81
OKX Convex Finance (CVX) 2,23
View all 48 prices
2. Select a Convex Finance Lender
Once you have CVX, you'll need to select a Convex Finance lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Kucoin Convex Finance (CVX) Up to 0,5% APY
3. Earn Convex Finance
Once you've selected a platform to earn your Convex Finance, transfer your Convex Finance into your wallet on the earning platform. Once it's deposited, it will start earning APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest in South Africa
Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Try to ensure your earning platform pays compounding interest to maximise your returns.

Platform	Mint	Cost
Nexo	Convex Finance (CVX)	1,81
Binance	Convex Finance (CVX)	1,81
BTSE	Convex Finance (CVX)	1,81
Coinbase	Convex Finance (CVX)	1,81
Kraken	Convex Finance (CVX)	1,81
OKX	Convex Finance (CVX)	2,23

Platform	Mint	APY
Kucoin	Convex Finance (CVX)	Up to 0,5% APY

What to Keep in Mind

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.