Discover how to buy Covalent (CXT) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Covalent (CXT) is currently at
$0.0060660
-$0.00077 (-12.66%)
Last updated on --.
How can I buy Covalent on OKX?
Whether you're new to crypto or an experienced trader, you can buy Covalent using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Covalent
Select Covalent and buy using your chosen method.
Step four
Receive your Covalent
Confirm your purchase and store your Covalent in your portfolio.
What's Covalent?
Covalent is like a big library for blockchain data. Imagine you have a giant book that tells you everything about different blockchains, like who owns what and when things happened. Covalent helps people and companies find this information easily, so they can build apps or understand how things work in the crypto world. It solves the problem of accessing complex blockchain data by making it simple and organized, just like a library makes finding books easy.
How can I buy Covalent?
1) Create an account on OKX by visiting the website and clicking 'Sign Up.' Provide your email and create a strong password. 2) Verify your identity by uploading a government-issued ID, as required by U.S. regulations. 3) Fund your account using a bank transfer or credit/debit card. Follow the on-screen instructions to complete the transaction. 4) Once your account is funded, search for Covalent in the OKX marketplace. 5) Click 'Buy' and enter the amount you wish to purchase. Confirm the transaction to complete your purchase.
Why do people buy Covalent?
People buy Covalent because it helps them access and use blockchain data easily. Developers use it to build apps that need blockchain information, while businesses use it to analyze trends and make decisions. Covalent is part of a growing ecosystem that values transparency and data accessibility. It supports various blockchains, making it versatile and useful for different projects. However, it's important to understand that its value comes from its utility, not from potential financial gains.
Things to know before buying Covalent in the United States
In the United States, cryptocurrencies like Covalent are legal but regulated. You must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks when setting up an account on platforms like OKX. This involves verifying your identity with documents. Tax-wise, any gains from selling Covalent may be subject to capital gains tax. If you earn Covalent through staking or other means, it might be considered income and taxed accordingly. Always consult a tax professional for detailed advice.
What are other ways to own Covalent?
You can obtain Covalent without buying it directly through various methods. Participate in airdrops, where free tokens are distributed to users. Engage in Learn-and-Earn programs that reward you with Covalent for completing educational tasks. Join staking programs or provide liquidity to earn rewards in Covalent. Some platforms offer task-based rewards, like referring friends or completing specific activities. Each method requires effort and may involve risks, so understand the terms before participating.
How can I store my Covalent?
To keep your Covalent safe, you can choose between custodial and non-custodial storage. Custodial storage means a platform like OKX holds your tokens, offering convenience but requiring trust. Non-custodial storage gives you full control using wallets. Hot wallets are online and easy to access but less secure. Cold wallets are offline, like USB devices, offering more security. Always back up your wallet and keep recovery phrases safe. Use strong passwords and enable two-factor authentication for added security.
Why should I buy Covalent on OKX?
Learn more about the security measures keeping your Covalent safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Covalent (CXT)
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How to get Covalent for free
Invite friends, earn rewards
See how you can get free Covalent when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Covalent grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free Covalent airdropped to you when you join campaigns.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Covalent
Take advantage of price fluctuations and trade your Covalent for other cryptocurrencies.
Send Covalent
Send your Covalent anywhere, anytime with fast, low-cost transfers.
Spend Covalent
Use your Covalent to pay for goods, services, and experiences seamlessly.
Hold Covalent
If you think your Covalent will increase in value, you can hold onto it.
Sell Covalent
Convert your Covalent to cash quickly and securely.
How to buy Covalent (CXT) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Covalent CXT safely on a trusted exchange like OKX.
Choose the best exchange to buy Covalent (CXT) depending on your individual needs. Factors to consider when picking the best place to buy Covalent (CXT) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Covalent. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Covalent (CXT), as well as fiat withdrawal options.
This depends on the method you use to convert Covalent (CXT) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
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.
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.