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How To Buy Curve Dao Online in 2022

Last updated 5th Jun 2022
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Curve DAO is a decentralized liquidity aggregator that lets users add coins to various liquidity pools to gain rewards in return. The application is built on the Ethereum blockchain to output reliable transactions and trades. Curve DAO can also be described as an AMM (automatic market maker) protocol much like UniSwap.

The cryptocurrency focuses on using stable coins to deliver low slippage and reduce impediment loss for those who provide liquidity. Let’s take a deep dive into Curve DAO and discover the various purchasing methods. Also, we’ll showcase the top exchanges along with payment options.

Best Brokers to Buy Curve DAO in 2022

There are multiple platforms to let investors purchase the Curve DAO token. We’ve created a list of the best exchanges and brokers down below.

1
eToro
Minimum Deposit
$200
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
2
UpHold
Minimum Deposit
$1
Exclusive Promotion
User Score
7
High profit potential
Highly rated
Clear user interface
3
Paybis
Minimum Deposit
$50
Exclusive Promotion
User Score
5
First transaction fee free
24/7 customer service
Instant payouts

Key Takeaways

  • Currently, there are 414 million tokens in circulation, and more than 800,000 CRV are distributed to stakers every day.

  • Curve DAO offers 42 different basic pools with popular cryptos - USDT, DAI, USDC, ETH, and LINK.

  • The team behind Curve DAO are veterans and have a lot of experience within the DeFi space.

  • Curve DAO facilitates automatic and permissionless trading of crypto assets. Its main product is liquidity pools and doesn’t allow trading between investors.

  • Curve DAO is an ERC-20 token that was introduced in 2020. The coin’s main use case is providing rewards to liquidity providers.

What Is the Difference Between Owning Curve DAO VS a Derivative Product

There are two methods of investing in cryptocurrency - owning the coin and buying a derivative product. Most investors opt for purchasing crypto as they believe in the technology and want to hold long-term. Owning Curve DAO gives you the freedom to send your coins to various wallets without restrictions.

However, brokers can offer CFD products that take the current value of Curve DAO and let you invest. Moreover, you can speculate on the coin's price movement and invest accordingly. This method is mostly unfavoured by the community because you don’t own the cryptocurrency yourself.

Different Ways to Buy Curve DAO

Curve DAO is in the top 100 of all cryptocurrencies, meaning it’s well-established with multiple platforms providing exchanges. Here’s a list of the types of platforms that offer Curve DAO.

Decentralized Exchanges

Those who want to purchase Curve DAO anonymously can use a decentralized exchange. The dApps require no identity verification as you only need to connect your crypto wallet to the platform. The best-decentralized exchanges are UniSwap, PancakeSwap, and 1INCH Network.

Centralized Exchanges

The most popular option to buy crypto is with a centralized exchange because they have the lowest fees. These platforms also provide multiple trading pairs for Curve DAO such as CRV/USDT, CRV/BTC, and CRV/ETH. However, often investors need to complete a KYC process to gain withdrawal options.

Brokers

This type of platform is brilliant for those who want to avoid complicated trading interfaces and purchase Curve DAO quickly. Brokers let investors purchase CRV directly with their fiat currency without first converting to a USD stable coin.

Where to Buy Curve DAO

The best platforms to invest in Curve DAO are Binance or eToro.

Binance

Binance is the biggest crypto platform with excellent fees and multiple trading pairs. It has various interfaces and multiple tools depending on your trading experience. The easiest method to purchase Curve DAO is through the convert page, which eliminates the need for complicated trading interfaces

Pros

Low fees
The platform has multiple layers of security
Multiple trading platforms that have different tools

Cons

Not available in the US
Binance is centralized and requires you to verify your identity
The live chat feature is subpar due to waiting times

eToro

While Binance provides a great service, new investors can find a broker like eToro easier to use. The interface is straightforward, making Curve DAO accessible for those less tech-savvy. Clients won’t need to learn how to create a crypto wallet as eToro provides derivative products. Therefore, you won’t own the cryptocurrency while still participating in the crypto market.

Pros

Easy-to-use interface
It lets you purchase crypto with your bank card
Premium accounts can look at established investor’s portfolios

Cons

Higher fees than using a typical exchange
Investors will own a derivative product instead of cryptocurrency

How to Buy Curve DAO Online?

Buying Curve DAO is a fast process when using a premium exchange like Binance due to their efficient interfaces. Here’s a quick guide on how to buy CRV with Binance.

Step 1: Click the Register button
Step 2: Input your email and password
Step 3: Click the verification link
Step 4: Verify your identity
Step 5: Deposit funds into your account
Step 6: Open the Convert page
Step 7: Click the Buy button

How to Trade Curve DAO?

Trading Curve DAO is a fairly easy process that requires minimal experience. Brokers and exchanges have dedicated interfaces for trading cryptos like Curve DAO. However, perhaps trading with a broker is easier for beginners due to its user-friendly interface. Below is a step-by-step guide to trading and investing in Curve DAO.

Step 1: Create an account
Step 2: Fund your account
Step 3: Purchase token
Step 4: Write the number of coins you want to purchase
Step 5: Complete the trade

Crypto Investment Strategy

When investing in a volatile asset like cryptocurrency, it’s crucial to have an investment strategy. It can help prevent losses with emotional decision-making, which is the main error of new crypto buyers. Most investors implement one of these strategies:

Long-term holding

  • The concept of long-term holding is fairly simple, you’ll want to purchase Curve DAO and keep them stored for years. After reaching a price goal, you’ll sell off some of your assets, taking in profits. It’s the easiest and most profitable strategy to implement since it doesn’t require new investors to have in-depth trading knowledge.

Short-term holding

  • A trickier strategy is short-term holding, which requires you to buy coins and sell once the price marginally increases. Potentially short-term holding can be more profitable, but it has more risks associated compared with long-term holding. Crypto is highly volatile, so you may lose money in the short term if you decide to sell. Also, you’ll need to know about new developments with the coin as that can impact the price positively or negatively.

How to Store Curve DAO

Once you purchase Curve DAO, you’ll need to know how to store them safely. Often new investors will leave the coins on an exchange, which are vulnerable to malicious attacks. Therefore, you should withdraw the funds to a crypto wallet or ledger. These wallets are secure as long as you keep your seed phrase hidden.

Moreover, you can use a hot or cold wallet. Hot wallets are great for those who want to trade regularly and need access to their funds quickly. MetaMask is the most user-friendly that is widely available on dApps.

However, if you plan to hold coins long-term, purchasing a hardware wallet is better because it has the best security. In addition, these devices are fast to set up and reliable to use. Although they can have a hefty price tag, its services are well worth it.

The best options to store Curve DAO are in either a hot or cold wallet.

Hot Wallet

  • MetaMask

  • Exodus

  • Wallet.io

  • CoinBase wallet

Cold Wallet

  • Ledger Nano S

  • Trezor One

  • SafePal S1

What Are the Different Ways to Pay For Curve DAO?

Nowadays, users have multiple payment methods to purchase Curve DAO. However, the availability of these options can vary depending on the platform you’re using. Most sites will provide at least one of the following options:

Debit and Credit Cards

Using your bank card is the quickest option to purchase Curve DAO because it has instant transactions. Moreover, it’s the most widely available payment method across exchanges and brokers. However, some cards can decline payments to crypto platforms.

Pros

Instant transfers
Secure payments
Easy-to-use

Cons

Fees are much higher when buying crypto directly with your bank card
No anonymity
Not available on decentralized exchanges

Cryptocurrency

This payment option is only available on crypto exchanges. Users can transfer funds into their exchange account and purchase Curve DAO through the trading interface. Also, this option allows full anonymity if you decide to use a decentralized exchange.

Pros

Completely anonymous with this payment option
Multiple trading pairs available for Curve DAO
Transparent transaction

Cons

Transfer fees can be ultra-high depending on the blockchain you’re using
Huge gas fees for Ethereum based exchanges
Using a crypto wallet can be challenging for new investors

Bank Transfer

Sending funds into your account is a straightforward process with a bank transfer. Afterward, you can use the funds to purchase Curve DAO through the trading interface. Also, you can set up weekly payments to the wallet account if you plan to purchase crypto regularly.

Pros

Reliable transactions that have multiple layers of security
Local transfer times are ultra-fast
Low fees

Cons

Banks can deny payments to crypto platforms
International transfers are much slower

What to Consider When Buying Curve DAO?

When buying Curve DAO, there are some considerations to make. Below are the main factors that should impact your final decision whether or not to purchase Curve DAO.

Fees:

  • Crypto platforms apply a fee for using their services. The fee structure can vary depending on the exchange or broker. It’s worth researching the market and finding the best options for your current location.

Volatility:

  • Cryptocurrency is a highly volatile asset, meaning the price of Curve DAO can swing in either direction. Moreover, Curve DAO is an altcoin, meaning it’s more risker to buy than other established coins like BTC or ETH. Therefore, you should invest an amount that you can afford to lose.

Regulations and Taxes:

  • First, check the laws regarding cryptocurrency and taxes in your country to ensure your activities will be legal. Moreover, when using an exchange or broker, check who they are licensed by to protect yourself from getting scammed. Under no circumstance should you use an unregulated exchange because they cannot be trusted.

Investment Strategy:

  • It’s important to create an investment strategy to maximize profits by avoiding emotional trading. Set up sell points where you’ll take out profits to reduce your investment risk. Most investors sell until they receive their money back and leave the rest for the long haul. Therefore, de-risking the investment entirely as you have recouped your funds back.

Is It Safe to Buy Curve DAO Online?

Buying Curve DAO is a safe process if you take the correct precautions.

Firstly, use a platform that is regulated by a respected authority to protect your funds from scam sites. After buying the coins, transfer them to a crypto wallet to which you only know the seed phrase. This provides much better security than leaving the crypto on an exchange.

Moreover, you can set up unique passwords on all crypto platforms and enable 2-step authentication. Also, some exchanges let you whitelist cryptocurrency addresses, meaning funds can only be sent to your wallets and nowhere else.

How to Sell Curve DAO

To sell Curve DAO, head over to your platform’s trading interface and select the token. Next, write the number of coins you want to sell and at which price. Afterward, review the order to ensure all the numbers are correct and click sell. Now you should see the balance change in your wallet.

Is It Worth Buying Curve DAO Right Now?

Curve DAO has a market cap of 2 billion which places it in the top 100 of all cryptocurrencies. When the coin was first released, it quickly gained popularity, achieving a price of $5.30. Now the price has decreased to $4,38 as the hype died down.

In my opinion, there are better dApps that have more features than Curve DAO. Also, their homepage looks outdated and needs to be completely reworked. Therefore, I wouldn’t recommend purchasing Curve DAO since similar projects provide a better user experience.

Final Thoughts

When buying Curve DAO, make sure to stick with regulated platforms. This is because they have better security and protect their client’s money. Moreover, the process of buying Curve DAO is straightforward with the multiple payment methods available.

Remember that gains are not guaranteed in crypto, and the overall market is exceptionally volatile. Therefore, invest what you can afford and don’t go all-in on a coin.

FAQs

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Khashayar Abbasi

Khashayar Abbasi

Khashayar discovered Bitcoin back in 2014 and has since spent countless hours researching the different use cases of cryptocurrencies. He has a bachelor's degree in International Relations and has been a writer in the financial services industry for nearly half a decade. In his spare time, Khashayar enjoys photography, cycling, and ice skating.