Where and How to Earn Convex Finance (CVX)

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. 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)	3,79
   Binance	Convex Finance (CVX)	3,79
   BTSE	Convex Finance (CVX)	3,79
   Coinbase	Convex Finance (CVX)	3,79
   Kraken	Convex Finance (CVX)	3,8
   OKX	Convex Finance (CVX)	2,23

   View all 47 prices

2. 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. 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. 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.

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.