Looking to buy Curve? You are not alone. Curve (CRV) is a popular DeFi crypto. And, as a challenger to traditional finance, the $120bn Decentralised Finance (DeFi) sector is a hot investment area. Curve, which plays a part in what is known as liquidity farming, is right in the thick of the action.
Anybody can buy Curve as purely an investment asset (no DeFi experience required!). Below we explore how to invest in Curve, with brief reviews of three top crypto vendors. If you are looking for the lowest fees and the highest levels of safety, find out more below.
How to Buy Curve – Quick Guide
Looking for the best crypto to invest in 2022? You can buy Curve safely and quickly by following these steps:
- ✅Step 1: Open an account – First you need to get registered. Fill in some basic personal information on your selected broker’s sign-up page or use your Google/Facebook account.
- Step 2: Verify – As a regulated broker, the platform must verify your identity. Have your valid passport or ID card handy, as well as proof of address.
- Step 3: Deposit – Choose from bank transfer, e-wallet or credit/debit card deposit.
- Step 4: Search for Curve – Enter ‘Curve’ or ‘CRV’ in the toolbar.
- Step 5: Buy – Invest in Curve and hold your crypto until you want to sell.
Where to Buy Curve
First you need to decide what your priorities are. How to buy Curve tokens in a way that suits you depends on your level of experience.
Are you looking to explore powerful trading and crypto financing options? If so, we recommend checking out one of the top crypto exchanges: Crypto.com, Coinbase and Binance.
1. Crypto.com – Modern Crypto Exchange with Beginner-Friendly Mobile App
Crypto.com is a crypto exchange with 10m customers. The exchange handles a hefty $3bn of crypto business every day and offers a heap of options suitable for beginners and experts alike.
With Crypto.com, you can buy Curve in three ways. The standard way is to get verified, deposit funds and buy TRX. Or, if you already own some stablecoin crypto, you can deposit them with Crypto.com and use them to trade on the Crypto.com exchange. The third option is to buy CRV direct with credit card (which comes with a 2.99% fee after your first month of trading).
Crypto.com boasts a growing selection of 250+ crypto, so you will not be stuck for choice when it comes to investing in crypto. Where the exchange comes into its own, though, is in crypto financing. Crypto financing is where you use crypto you own to earn interest and rewards:
- Stake crypto for up to 14.5% interest
- Use a Crypto.com Visa Card to spend your crypto in the real-world, as well as earn every time you spend.
- Secure a crypto loan using your own crypto as collateral: just 8% p.a. interest charged.
Pros
Cons
Cryptoassets are a highly volatile unregulated investment product.
2. Coinbase – Popular and Reputable US Cryptocurrency Exchange
Coinbase is the second-biggest crypto exchange in the world with over 20m users. US investors will be glad to hear that Coinbase is based in San Francisco, California, giving the operation a friendly US feel. You may have heard of Coinbase already, as it was the first crypto exchange to join the NASDAQ stock exchange (in 2021).
Coinbase offers Curve (CRV) as well as almost 170 other crypto. The exchange is phasing out credit card purchases over regulatory concerns, but you can buy crypto simply by getting verified and depositing funds in your account.
It is welcoming to the beginner. You can earn free crypto by simply completing online learning modules. And in pride of place is a giant register of all crypto on the market, which beginners can browse to get a feel for the sector. Some crypto financing options are also available, but they are not as wide-ranging as those offered by fellow exchanges Crypto.com and Binance.
Pros
Cons
Cryptoassets are a highly volatile unregulated investment product.
3. Binance – Giant Exchange to Buy Curve
As the biggest exchange in the world, Binance is the place to come if you really want to explore the outer limits of investing in Curve. Binance has over 90m registered users and lists over 600 crypto.
Binance offers a giant range of trading tools and crypto financing options, and is on of the best crypto staking platforms. The sheer scope of possibilities can be overwhelming for the beginner. So our first tip would be to ensure that you choose the ‘classic’ view on the desktop app, and ‘Binance Lite’ on the smartphone app. This will keep things simple.
How to buy Curve token with Binance? You are spoilt for choice. You can deposit USD in your account and buy direct from Binance. You can convert from crypto you already own. You can engage in P2P trading and buy crypto from fellow users. You can go on the exchange and trade Curve in pairs for other crypto. You can also buy Curve direct with credit card (which you can no longer do with Coinbase generally).
Binance is hot on security. Two-factor-authentication is mandatory. Binance also runs an in-house insurance fund. Crypto financing options — like staking, crypto loans and interest accounts — are plentiful. As with Crypto.com and Coinbase, you can apply for a credit card too.
Pros
Cons
Cryptoassets are a highly volatile unregulated investment product.
What is Curve?
CRV is the governance token for the Curve.fi liquidity exchange. You can buy CRV and stake it with Curve to have a say in the running of the exchange. Or you can do what most investors do and buy CRV simply as a speculative asset. With an exchange like Crypto.com, Coinbase or Binance, you can buy CRV and it will be held for you until you want to sell.
CRV is an ERC-20 token. This means that it is based on the Ethereum network. It has a market capitalisation of $1.2bn, with roughly $250m CRV traded every day on crypto exchanges.
Is Curve a Good Investment?
CRV offers five positives when it comes to investing in this new cryptocurrency. As with all investments you need to conduct enough research so that you’re making an informed decision.
1. CRV is Linked to Legitimate Crypto Business
As the governance token for the Curve.fi exchange, CRV is part of an established DeFi sector. Curve.fi is the biggest Decentralised Exchange (DEX) based on Ethereum. It centres on liquidity pools. Liquidity pools and are used widely in the crypto world as part of borrowing and lending systems as well as gaming sites. These are basically pools of different crypto where users can earn yield on the crypto they put in.
Users go to liquidity pools, link up their crypto wallet, deposit funds and get trading (this is a risky business, and not recommended for beginners).
2. DeFi is a Booming Sector
Curve is an established part of the DeFi (Decentralised Finance) sector. All crypto investors face a choice of where to invest, and DeFI is a sound option:
- Do you invest in a meme coin like Dogecoin or Shiba Inu? It might rocket in price. But meme coins are fun investments. Their price goes up and down because of sentiment and nothing else.
- Do you invest in a metaverse coin like the SAND used in metaverse Sandbox or the AXIS coin used with the popular Axie Infinity blockchain game? Ever since Facebook said last year that it was getting involved in the metaverse, metaverse coins have been popular.
- Or do you invest in DeFi? DeFi coins like Curve are part of working financial systems. There is real substance here: $200bn is locked into DeFi projects currently. But note that Curve has competitors in the field of liquidity pools like Uniswap and Sushiswap
3. Buy The Dip?
The crypto sector is emerging from a period of price slump going back to Q4 2021. The price of Curve is currently less than half its all-time-high and, since the beginning of March 2022, it has begun to rise steadily. Although the future behaviour of the price is impossible to predict accurately, it does seem like Curve has found a resistance platform. CRV was priced over $6 per token only three months ago, and now it is priced at less than $3.
4. Buy into DAOs
Founded by a Russian scientist called Michael Egorov, Curve.Fi is now a Decentralised Autonomous Organisation (DAO). This means that there is no central authority; decisions are taken by the community. DAOs are considered to be a central part of Web 3.0 and the way forward for people organising themselves on the internet so everybody benefits. Curve.Fi is positioned exactly on this curve!
5. Sound Tokenomics
Unlike some crypto (like Dogecoin for example), the circulating supply of CRV is capped (at just over 3bn coins). Just 14% of CRV tokens are currently in circulation. This capped supply means that the price of CRV will not fall in future due to over-supply — as happens with fiat currency when governments print more banknotes and inflation reduces the currency buying power.
Curve Price
The Curve price is currently $2.74. That means you can buy one CRV token for $2.74, and a hundred US dollars will currently buy you over 36 CRV tokens.
- The Curve price took an immediate tumble after its August 2020 launch. It fell from almost $7 to less than $1 by November 2020. This behaviour is not unusual for a newly-released crypto. But investors will be kicking themselves that they did not take advantage of that immediate price dip and buy in.
- 2021 saw the Curve price rising sharply to hit over $4 by the end of April.
- The price then found a stable platform of resistance just under $1.5, and began a steady rise until November 2021.
- Between November 2021 and January 2021, the price of Curve doubled from under $3 to over $6.
- Since January 2022, the price fell (in line with the rest of the crypto sector and Ethereum in particular) to hit a crunch point at $2.
- Since the first week of March, the CRV price has risen by over 40%, from under $2 to $2.74 today.
Curve Price Prediction
Reviewing the CRV price chart above, we can see that the price has not been under a dollar since 2020 (two years ago). It is unlikely to be that low again, having found, in the meantime, support around above $1 — hitting lows of $1.32 on May 23rd 2021 and $1.28 on July 20th 2021.
Technical charting does not give us many clues with this particular crypto. But what we do know about CRV is that its fundamentals are good:
- Top crypto sector? Yes: the DeFi sector.
- Top player in that sector? Yes: Curve.fi is the biggest Ethereum-based DEX.
- Offers customers a competitive deal? Yes: the Curve algorithm, designed by Russian scientist Michael Egorov, has proven itself to minimise slippage and impermanent loss in liquidity pools and act as an efficient automated market maker.
- Good backing as an investment asset? Yes: Roughly a quarter of a billion USD worth of Curve is traded every day.
Based on its centrality to a growing sub-sector of crypto, a reasonable Curve price prediction would posit a target price of $4 for the end of 2022, and perhaps a target price of $6 for 2023.
Put it this way: if the bottom falls out of the crypto sector, it will not be the DeFi coins like CRV that fall hardest. And that is because (unlike meme coins and speculative metaverse coins) they are already involved in real, money-making ventures.
Ways of Buying Curve
The crypto sector is currently going through a sea-change in ways to pay. Regulation by US authorities mean that payment via credit card – despite its convenience – is falling from favour over fraud fears, and PayPal too is becoming less common.
Buy Curve with PayPal
Coinbase is the best place to use PayPal. US investors can link their PayPal account to their Coinbase account and use it to deposit and withdraw funds.
Buy Curve with Credit Card or Debit Card
To buy CRV with credit card instantly, your best bet is to use on the exchanges Crypto.com or Binance. But watch out for fees! Neither exchange is crystal clear over what fees apply.
How to Sell Curve
Crypto newbies often quite rightly wonder how they will sell their crypto to make a profit. The good news is that you do not need to go trawling around the internet in search of a buyer. When it is time to take some profits on your crypto purchase, you can sell your crypto back to exchange (Crypto.com, Coinbase, Binance).
Conclusion
As the biggest Ethereum-based Decentralised Exchange, Curve.fi is a central player in the DeFi sector. We are therefore not surprised that you may want to invest in its governance token CRV.
In exploring how to buy CRV, we have reviewed a number of online vendors and presented our top picks above: exchanges Crypto.com, Coinbase and Binance.