How to Buy Curve DAO Token: Invest in CRV Tokens Today!

Curve DAO Token has achieved numerous goals since Michael Erogov created it in 2020. This token, represented as CRV, is an Ethereum-based digital asset that leverages Binance Smart Change to trade in stablecoins and generate income accordingly.

This project powers curve.fi, a decentralized exchange (DEX), an automated market maker (AMM) protocol. Trading in this token allows you to swap coins such as BTC, ETH, DAI, USDC, and others to ERC-20 tokens. You can then trade in those tokens, provided they are within a similar liquidity pool.

In this guide, we will show you how to buy Curve DAO Token conveniently. 

How to Buy Curve DAO Token: Quickfire Walkthrough to Buy Curve DAO Token in Less Than 10 minutes

Although Curve DAO Token is a governance token that rewards time and value when voting, getting started is not rocket science. Once you have Pancakeswap, you do not need any intermediary to buy your Curve DAO Token. You can learn how to buy Curve DAO Token in 10 minutes or less.

Here is the process:

• Step 1: Download Trust Wallet: Trust Wallet is the best option for Pancakeswap exchange, and we’ll soon explain. To get started, go to the iOS or Android store and download the app on your device. Then, install and set it up.
• Step 2: Search for Curve DAO Token: Once you have set up Trust Wallet, you can proceed to search for Curve DAO Token. The search button is located at the top right corner of the app.
• Step 3: Add Crypto Asset to your Wallet: You cannot buy Curve DAO Token directly with fiat money. You have to buy a major coin such as BTC, ETH, USDC to convert to Curve DAO Token. Any of these established crypto assets can be added by sending tokens from an external wallet or buying with your debit/credit card.
• Step 4: Connect to Pancakeswap: Connecting your Trust Wallet to Pancakeswap is easy. You only have to click on ‘DApps’ and pick Pancakeswap. The feature is located at the lower part of the Trust Wallet app. Then, click on the connect button.
• Step 5: Buy Curve DAO Token: Once you connect your wallet to Pancakeswap, you can buy Curve DAO Token by going to the ‘Exchange’ icon. There, you will see the ‘From’ tab with a drop-down box. Choose the major coin you are swapping for Curve DAO Token.

Then, go to the ‘To’ button on the other side and pick Curve DAO Token from the drop-down box. Enter the volume of tokens you want and click on ‘swap.’

There, you have it. In less than 10 minutes, you have Curve DAO Tokens in your wallet, and your portfolio is ready for whatever plan you have for it. 

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile. 

How to Buy Curve DAO Token – Full Step-by-Step Walkthrough

By now, you must know a bit about how to buy Curve DAO Token after reading the quickfire guide above. However, that may not be enough for a newbie who has never traded in Defi (Decentralized Finance) coins or used a DEX (Decentralized Exchange).

For new traders/investors, you will need a more comprehensive guide. This extensive guide will take you through how to buy Curve DAO Token, and other necessary knowledge you need to trade in CRV successfully. 

Step 1: Download Trust Wallet

The first step to buy Curve DAO is to get a wallet. Decentralized applications like Pancakeswap rely on these wallets to function. While there are various wallets available in the market, Trust Wallet is the best when dealing with a DEX.

It is backed by Binance, which makes it a suitable option for tokens such as CRV. It is also easy to use for beginners and other levels of traders.

Start by downloading the Trust Wallet app on Google Playstore or Appstore – depending on your device. Then, install, open, and set up your wallet. When doing this, you have to generate a strong PIN that others cannot guess. Following that, Trust Wallet will give you a 12-word passphrase.

This passphrase is to help recover your wallet if you forget your PIN or lose your phone. Therefore, you should note it down in a safe place that is not your phone. After doing that, you can tick step one off.

Step 2: Add Crypto Asset to Your Trust Wallet

A digital wallet, like a physical one, will be empty after setting it up until you add assets to it. So, the next step is to fund your wallet. It is through these cryptocurrencies that you will buy Curve DAO Token. You can make a deposit in your wallet in two ways: sending crypto from an external wallet or buying through your credit/debit card.

Send Crypto from an External Wallet

Sending crypto from an external wallet is the simplest way to add digital assets to your Trust Wallet. To do this, you must have a wallet that already has crypto in it. You can then transfer the crypto from that wallet to your Trust Wallet.

Here is how to go about it.

• Go to your Trust Wallet and click on “Receive.” 
• Select the crypto token you want to transfer in. You will get a unique wallet address for the token.
• Copy that address and minimize Trust Wallet.
• Go to the external wallet where you wish to transfer from.
• You will see a box for wallet addresses. Paste the wallet address copied from Trust Wallet.
• Enter the volume of crypto you wish to send and confirm the trade.

You will get your crypto in your Trust Wallet within minutes.

Buy Cryptocurrencies Using Credit/Debit Card

The other method to fund your wallet is to buy cryptocurrencies by yourself. This option may be the best for you if you are new to cryptocurrency trading and you neither own another wallet nor use a broker. Generally, for a newbie, this might be your go-to option.

Buying crypto using your credit/debit card is easy, and we will take you through the process in clear terms.

• Open your Trust Wallet and click on ‘Buy.’ You will see all the tokens available on display.
• Select the token you want to buy. Although there are several options available, if you’re going to swap later to CRV, buy a popular coin like Bitcoin (BTC), Ethereum (ETH), or Binance Coin (BNB).
• Go through the Know Your Customer (KYC) process. The KYC process is used to verify your identity before you can trade with fiat currency.
• This process requires you to input your details and upload a government-issued ID.
• Once the KYC process is done, input the amount of cryptocurrency you want to buy, and confirm the transaction.

Within a few seconds, the cryptocurrency will reflect in your wallet.

Step 3: How to Buy Curve DAO Token Through Pancakeswap

Having gone through step 2 successfully, the next part of the process is to buy your Curve DAO token through Pancakeswap.

The first task is to connect your Trust Wallet to Pancakeswap. The process is the same as explained in the quickfire guide. Then, buy Curve DAO Token on Pancakeswap by swapping it with the crypto you have in your wallet.

If you do not know how to buy Curve DAO Token before now, pay attention to the step-by-step guide below.

• Go to the Pancakeswap page and select ‘DEX.’
• Click on the ‘Swap’ button.
• Click on the ‘You Pay’ button, pick the token you want to pay with and the amount. The crypto you choose has to be the same one you bought, following the instructions in step 2.
• Go to the ‘You Get’ section and pick CRV from the tokens listed in the drop-down box.
• You will see the swapping rates of your token and Curve DAO Token.
• Click on ‘Swap’ and confirm your transaction.
  

You will receive your Curve DAO Tokens in your Trust Wallet within minutes.

Step 4: How to Sell Curve DAO Token

While the focus of this page is on how to buy Curve DAO token, you should also know how to sell when the time comes. Selling Curve DAO token is dependent on your investment plan. Whether you are investing for the short term or long term, you have to sell your token to realize its value.

There are different ways to sell your Curve DAO Token, and you should go with the one that is most suitable for you. 

• You can swap Curve DAO Token with another digital currency on Pancakeswap. What you have to do is follow the processes explained in step 3, but in reverse. Instead of choosing the Curve DAO token in the ‘You Buy’ section, you pick it in the ‘You Pay’ section. Then, swap the coin for the token of your choice.
• Another way is to convert your Curve DAO token for fiat money. Unfortunately, you cannot do this on Pancakeswap. Instead, you have to use a third-party cryptocurrency exchange such as Binance.

You have to transfer your tokens to your Binance account or any other exchange you are using to do this. Then, sell the tokens for fiat money which you can withdraw into your bank account. Note that before you can withdraw on Binance, you have to go through a KYC process.

Where Can You Buy Curve DAO Token Online?

As of late July 2021, Curve DAO token has a maximum supply of over 3 billion tokens and is one of the top 100 cryptocurrencies in terms of market capitalization. Due to its gradually increasing popularity, you can buy CRV through various centralized and decentralized exchanges.

If you plan to buy CRV through a decentralized exchange, Pancakeswap is one of the best options available.

Pancakeswap – Buy Curve DAO Token Through a Decentralized Exchange

One of the best platforms to buy Curve DAO Token is Pancakeswap. It is a decentralized exchange that allows an investor to buy and sell cryptocurrency directly. By removing the need for an intermediary, the exchange makes buying tokens more accessible and more transparent. This distinguishes the platform from other DEX’s.

Pancakeswap is an automated market maker (AMM), which means that investors are not matched against other investors. Instead, they trade against a liquidity pool that is already filled with other investors’ funds. After depositing funds in the pool, investors are given LP (liquidity provider) tokens which they will use to reclaim their shares at the end of the day.

The platform has become more popular over the years due to the myriad of opportunities it offers. Some major features of the exchange include high-quality liquidity pools for investors to earn on their tokens. There are also farms where investors can harvest different types of tokens, though you need to have a proper understanding of this feature.

As enticing as the above features seem, one of the reasons that have made Pancakeswap increase in popularity is the lottery and prediction areas. These features allow investors to play games of chance and increase their portfolio value by winning big in cryptocurrency. You can get started with Pancakeswap by getting Trust Wallet.

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