Buying guideUpdated on How to Buy Covalent X Token (CXT): Step-by-Step Guide
To buy Covalent X Token on Picnic, you create an account, add funds with Pix and convert your balance into CXT in the app. The quote and the fees are shown on screen before you confirm, and the asset stays in a wallet you control.
- Fund with Pix
- Self-custody with a passkey
- Fees shown before you confirm
How much CXT can you buy?
You don't have to buy a whole unit. Here is what each amount is worth at today's reference price, before fees.
- With $108,282.7CXT
- With $5041,413CXT
- With $10082,827CXT
- With $500414,130CXT
How to buy Covalent X Token on Picnic, step by step
Four steps, from signing up to CXT in your wallet.
Create your account
Download the app or open it in your browser. Your wallet is created at sign-up and protected by your device's biometrics (a passkey), with no seed phrase to write down.
Add funds with Pix
Top up in Brazilian reais with Pix, straight from the app. The balance shows up in a few minutes.
Search for Covalent X Token
In the investments tab, look for Covalent X Token or CXT and enter how much you want to buy.
Review and confirm
Check the quote and the fees shown on screen, then confirm. Your CXT balance appears in your wallet, under your control.
What is Covalent X Token?
Covalent X Token (CXT) is the native cryptocurrency of the Covalent Network, built on Ethereum. It enables users to participate in governance, stake for rewards, and access network services. With a fixed supply of 1 billion tokens, CXT plays a crucial role in Covalent's mission to provide accessible blockchain data. The token has undergone security audits and replaced the previous CQT token. While CXT is available on various platforms, you can conveniently purchase it through Picnic along with other cryptocurrencies.
Covalent X Token (CXT) is the native cryptocurrency of the Covalent Network, built on the Ethereum blockchain. This digital asset serves multiple purposes within the ecosystem, including governance, staking, and network access. CXT holders can participate in important decision-making processes by voting on proposals that shape the network's future. Additionally, users can stake their tokens to support network validators and earn rewards, contributing to the overall security and reliability of the system. The Covalent Network aims to provide accessible and verifiable data across multiple blockchains, with CXT playing a crucial role in this process. Developers can use CXT to settle data queries, while network nodes are rewarded with tokens for providing valuable information. This incentive structure encourages active participation and helps maintain a robust and efficient network. The total supply of CXT is fixed at 1 billion tokens, with no inflation or deflation mechanisms in place. As with many cryptocurrencies, CXT's value can be influenced by various factors, including market trends, political events, and economic indicators. It's important for potential investors to conduct thorough research and understand the risks associated with cryptocurrency investments. If you're interested in acquiring CXT, you can purchase it through the Picnic platform, which offers a wide range of digital assets for trading.
Why buy Covalent X Token on Picnic?
You stay in control
The wallet is yours, in self-custody, created at sign-up and protected by a passkey. Picnic is not an exchange: your assets stay under your control.
Fund with Pix
Add Brazilian reais and buy CXT in minutes, with no international wire.
Fees on screen
The quote and the fees are shown before you confirm the purchase, with no surprises.
Buy it, then spend it
The same account comes with an international Visa card, accepted in 180+ countries, with no annual fee and no IOF.
Frequently asked questions
Does Picnic charge fees to buy Covalent X Token?
Fees depend on the network used to buy CXT. On some networks the transaction is free, and on the others the fee is always shown on screen before you confirm. No hidden costs: what you see is what you pay.
Is it safe to buy Covalent X Token on Picnic?
On Picnic your wallet is in self-custody: you keep control of your assets without relying on an intermediary exchange. Picnic has operated globally since 2021, and the infrastructure behind the product was recognized with a grant from the Ethereum Foundation. As with any digital asset, the price of CXT can move, so invest thoughtfully.
Can I buy just a fraction of CXT?
Yes. You choose the amount to spend and receive the matching quantity of CXT, even if it is a fraction of one unit.
Do I need to understand crypto to buy Covalent X Token?
No. Picnic is built to be simple even for beginners: fund with Pix, search for Covalent X Token and confirm in a few taps. Your wallet is created automatically and the technical side stays behind the scenes.
How long until CXT reaches my wallet?
After you add funds with Pix and confirm the purchase, your CXT balance usually shows up in your wallet within a few minutes. Exact timing can vary by network.
Can I spend my balance after buying?
Yes. The same account that holds your assets comes with an international Visa card, accepted in 180+ countries, with no annual fee and no IOF. So you can spend your balance day to day, at home or abroad.
Can I buy other assets besides Covalent X Token?
Yes. Picnic lists more than 3,000 digital assets. Just search for the one you want and follow the same steps, all in one account.
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Ready to buy Covalent X Token?
Create your account, fund with Pix and have CXT in your wallet in minutes.
Buy Covalent X TokenThis content is for information only and is not investment advice. Digital assets are volatile and you may lose part of the amount invested.