How to buy Covalent

Buying Covalent on OKX is quick and simple. Set up your OKX wallet, transfer funds to your OKX wallet, and purchase Covalent using your preferred payment method and currency, including USD. The features and methods detailed on this page are subject to regional restrictions.
Covalent (CXT) is currently at
$0.0052400
-$0.00002 (-0.34%)
4.3
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 mobile apps, or right here on the web.
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 a tool that gathers and organizes blockchain data so people and apps can read it easily. Imagine many toy boxes (blockchains) with scattered pieces; Covalent acts like a simple catalog that lists what’s inside each box. It exists to save time and reduce confusion by turning complex records into clear, searchable information. Instead of reading many small notes, developers and users get one clean report about transactions, token balances, and activity across multiple blockchains.

How can I buy Covalent?

1) Create an account on OKX: sign up with an email, set a strong password, and complete identity verification when prompted. 2) Fund your account: add funds using a commonly available method like a card or bank transfer through the platform’s payment options; follow on-screen prompts to confirm the transfer. 3) Place a buy order: go to the Covalent token page, choose the buy option, enter the amount, review fees and details, and confirm the order. Check your wallet on the platform to see the purchased tokens.

Why do people buy Covalent?

People acquire Covalent tokens to access data services, participate in governance, or use features within apps that rely on Covalent’s indexing. Practical benefits include easier access to unified blockchain data and potential voting rights or platform access where offered. Limitations include reliance on the protocol’s adoption, technical risks, and that holding tokens does not guarantee access to all services. Users should focus on how the token enables real applications like analytics, dashboards, and developer tools.
Cryptocurrency activity is subject to rules in many places; users should be aware that legal frameworks vary and may affect how you can use tokens. Expect identity checks such as KYC and AML verification during account setup to meet compliance standards. Crypto transactions can have tax implications; keep records of trades and transfers and consult local guidance if unsure. Understand platform fees, transaction confirmation times, and that blockchain transactions are often irreversible once confirmed.

What are other ways to own Covalent?

You can obtain Covalent through non-purchase routes such as airdrops where tokens are distributed to eligible addresses, learn-and-earn programs that reward completing educational tasks, staking or participation rewards if the network supports them, providing liquidity in decentralized pools, or task-based rewards like referrals. Each method requires effort: verifying eligibility, completing tasks, locking assets, or accepting smart contract risks. These routes often have eligibility rules, timing windows, and potential technical or loss risks.

How can I store my Covalent?

Loss, hacks, and theft are real concerns; treat recovery phrases and private keys like critical secrets and never share them. For storage, custodial wallets held by a platform offer convenience and built-in support but require trust in the provider. Non-custodial wallets give you sole control via private keys; hot wallets are software-based and easy to use but connected to the internet, while cold wallets store keys offline for stronger protection. Use backups, securely record recovery phrases, enable two-factor authentication, and consider hardware wallets for larger holdings. Verify platform claims like proof of reserves when available.

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.

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Proof of Reserves

High liquidity

Our high trading volumes mean deeper liquidity and smoother execution for you.

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High liquidity

Transparency

We ensure historical market data is available to you at all times.

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Transparency

Security

We adhere to the strictest global security and compliance standards.

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Security
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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.

How to buy Covalent (CXT) FAQ

To buy Covalent via Bank Transfer, first verify your OKX account. Navigate to "Buy Crypto," select your bank, and initiate the transfer. This method has lower fees but takes 1-3 business days to process.
Yes, but you must first purchase a base cryptocurrency like Bitcoin, Ethereum, or a stablecoin. You then use this to swap for Covalent or other your desired tokens.
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 crypto depending on your individual needs. Factors to consider when picking the best place to buy crypto include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
If available in your region, deposit funds via PayPal, select Covalent as the asset, enter the amount to confirm, and then buy Covalent instantly with the added balance.
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.
If Apple pay is supported in your region, you may buy Covalent using Apple Pay. Simply choose Apple Pay at checkout for a fast and secure purchase directly from your device.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell crypto, as well as fiat withdrawal options.

Your gateway to millions of tokens. Download the OKX app now.

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.