This page provides technical information on how to interact with independent, third-party decentralized exchanges (DEXs). The assets herein are not accessible via the OKX Centralized Exchange, and OKX does not facilitate their trading. Digital assets displayed are automatically generated based on popularity ranking. OKX does not provide investment recommendations and is not responsible for any potential losses.

Discover how to buy CVC

Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
CVC
6VhLiv...pump
$0.0₅29665
4.5
Last updated on --.
Trade CVC

How to buy CVC on OKX DEX

Whether you’re new to DeFi or an experienced trader, follow this guide to buy CVC.
Step one
Get OKX Wallet
Create or import your Web3 wallet using the OKX app or web extension.
Step two
Fund your wallet
Transfer funds to your OKX Wallet. Make sure you’ve got the right network and crypto.
Step three
Start trading
Find the crypto you’re looking for and trade under your preferred trading mode.

What's convertible virtual currency ?

Convertible virtual currency is like digital tokens you can use online, similar to how you use arcade tokens to play games. It exists to make transactions easier and faster without needing physical cash. It solves the problem of transferring value across the internet securely and efficiently, allowing people to buy things or send money to others without traditional banks.

How can I buy convertible virtual currency ?

1) Create an account on OKX by visiting the website and signing up with your email. 2) Verify your identity with required documents. 3) Fund your account using a bank transfer, credit card, or other local payment methods. 4) Navigate to the 'Buy Crypto' section, select the convertible virtual currency, and place your buy order by entering the amount you wish to purchase.

Why do people buy convertible virtual currency ?

People buy convertible virtual currency for its practical uses, like sending money quickly across borders or buying goods online. It offers a decentralized way to transact, meaning no single entity controls it. It's also used in various applications, like smart contracts and decentralized apps, which are gaining popularity in industries like finance and gaming.

Things to know before buying convertible virtual currency in the United States

In the United States, cryptocurrency is legal but regulated. You must complete KYC and AML verification when using exchanges like OKX. Tax implications include reporting capital gains or losses when selling or trading, and income from activities like staking may be taxable. Always consult a tax professional for specific advice.

What are other ways to own convertible virtual currency ?

You can obtain convertible virtual currency through airdrops, where free tokens are distributed to users. Participate in Learn-and-Earn programs to earn tokens by completing educational tasks. Staking involves holding tokens to support network operations and earn rewards. Providing liquidity or completing tasks like referrals can also earn you tokens, but each method has its own risks and requirements.

How can I store my convertible virtual currency ?

To prevent loss or theft, store your currency securely. Custodial storage means trusting a third party like OKX to keep your tokens safe, while non-custodial storage gives you full control. Hot wallets are online and convenient but less secure, while cold wallets are offline and safer. Always back up your wallet, keep recovery phrases secure, and understand proof of reserves for peace of mind.

Why should I buy convertible virtual currency on OKX?

Learn more about the security measures keeping your convertible virtual currency safe and readily available.
Best aggregated prices
OKX DEX aggregates major DEXs for the best prices and liquidity.
Why should I buy  convertible virtual currency  on OKX?
Secure transactions
OKX DEX is fully on-chain, protecting your wallet and flagging any potential risks.
Cross-chain made easy
OKX DEX’s bridge aggregator lets you easily bridge tokens across networks.
Diverse trade options
OKX DEX offers trading modes tailored for various trading needs.
Why should I buy  convertible virtual currency  on OKX?

How to buy crypto FAQ

1. Digital wallet
2. Existing cryptocurrency, such as BTC, ETH, or SOL, to be used as a base currency for swaps.
The phrase "crypto swap" is used to refer to the act of swapping one cryptocurrency for another without using a conventional exchange.
To swap on DEX, you’ll need to:
1. Set up and connect your digital wallet to the DEX you choose
2. Select CVC ( convertible virtual currency ) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for CVC ( convertible virtual currency )
4. Execute the transaction
Slippage is the difference between the price a trader expects to pay or receive, and the price they actually pay. It occurs when a market moves as trade is happening. Slippage usually happens during periods of high volatility, and exchange rate changes.
These are tips to consider when choosing a secure wallet for DEX:
• Cold Wallets (Offline): Hardware wallets that are not connected to the internet make them highly secure against hacks.
• Hot Wallets (Online): OKX offers integrated wallets for easy access to your crypto. Ensure they are protected with 2FA and encryption.
• Backup Features: A good wallet allows you to back up your private keys securely.
• User Control: Opt for wallets where you hold your private keys, ensuring full ownership of your crypto.

Disclaimer

This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.

You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.