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HomeCryptocurrencyHow To Purchase OKB Coin | The Final Information 2022

How To Purchase OKB Coin | The Final Information 2022

Since its launch in 2017, the OKX (previously OKEx) cryptocurrency trade and derivatives trade has been constantly listed among the many prime crypto exchanges by buying and selling quantity and liquidity. OKX permits customers to simply purchase, promote, or commerce cryptocurrencies and offers a big selection of buying and selling pairs, its personal cloud mining service, spot, spinoff buying and selling, and so on.

OKB is the OKX trade’s native utility token used to pay buying and selling charges, grant customers entry to voting and governance on the platform, and reward customers for holding OKB.

Learn on to study every part you have to know concerning the OKB token, and observe our detailed information on the place, why, and methods to purchase OKB cash.

Let’s get proper into it!

The place to Purchase OKB Tokens

The best means to purchase OKB tokens is by way of the OKX trade. Nevertheless, you too can buy or commerce the token on many different cryptocurrency exchanges, together with FTX, Gate.io, Uniswap (V2), HitBTC, BiONE, LBank, Hotcoin World, Coin Ex, ProBit World, Hotbit, BitMart, MEXC, and so on.

On this article, we’ll present a step-by-step information on methods to purchase OKB on OKX and FTX cryptocurrency exchanges.

The way to Purchase OKB on OKX

OKB tokens are the native tokens of the OKX cryptocurrency trade, among the finest platforms to buy OKB. OKX fees low buying and selling charges and affords high-interest staking alternatives and lowered charges for customers holding OKB or staking OKB tokens. The trade fees low buying and selling charges and makes it simple to purchase currencies in a couple of clicks with a credit score or debit card, checking account switch, Apple Pay, Google Pay, and so on. Nevertheless, it ought to be famous that OKX is presently unavailable to US customers.

OKX homepage

Comply with our step-by-step information on shopping for OKB tokens on the OKX trade highlighted under:

Create an Account

To create an account on OKX, you have to present a sound e mail handle or a cellular quantity and create a strong password. Nevertheless, to completely entry the trade’s options, you have to full a KYC verification by offering your government-issued ID and present process facial recognition. Every account stage has completely different withdrawal limits indicated on the trade’s official web site.

Select a Shopping for Methodology

When you’ve accomplished your verification, you have to choose one in every of three choices to purchase or promote cryptocurrencies, particularly:

  • Specific: It’s the best means to purchase cryptocurrencies utilizing credit score or debit playing cards. Enter the quantity of USD you want to purchase OKB for, click on “Purchase,” and enter your particulars to finish the transaction.
  • P2P Commerce: You can even purchase crypto on OKX in a peer-to-peer method.
  • Third-Celebration Funds: OKX additionally helps third-party funds similar to Banxa, Simplex, and so on.
Buy OKB on OKX

You can even deposit crypto into your OKX pockets and swap them for OKB tokens. OKB is on the market in a number of buying and selling pairs on OKX, similar to OKB/USDT, OKB/BTC, OKB/USDC, OKB/ETH, OKB/ETC, OKB/ETC, and OKB/XRP.

The way to Purchase OKB on FTX

The FTX Trade ranks among the many world’s most distinguished centralized crypto exchanges and the highest 5 crypto derivatives exchanges by way of day by day buying and selling quantity. FTX affords aggressive buying and selling charges, progressive options like derivatives, choices, futures buying and selling, leveraged tokens, and greater than 300 cryptocurrencies.

FTX Homepage
FTX homepage

FTX.US, the corporate’s trade for US clients, has a smaller crypto selection however nonetheless offers many options, similar to entry to low buying and selling charges, NFTs, over-the-counter, derivatives, and margin buying and selling.
The FTX cryptocurrency trade permits you to commerce OKB and different cryptocurrencies simply. Comply with the steps described under to purchase OKB on FTX:

Create an Account

To purchase OKB or every other cryptocurrencies on FTX, you have to create an FTX account by offering a sound e mail handle or a cellular quantity and making a strong password. When you confirm your account with the verification hyperlink despatched to your e mail or cellular, your FTX account might be activated. Nevertheless, to completely entry the trade’s options, you have to full KYC verification. FTX trade helps two KYC verification ranges; the options you possibly can entry will rely in your stage. For full entry to all of the options, you have to present your government-issued ID and bear a facial verification. The completely different KYC tiers are displayed on the FTX web site.

Deposit Funds

The following step is to deposit funds into your FTX pockets. The trade helps varied deposit strategies, starting from cryptocurrencies and stablecoins like USDC, TUSD, USDP, and BUSD to debit playing cards, wire transfers, and so on. FTX doesn’t cost deposit charges, however there’s a small withdrawal payment. The trade’s buying and selling charges differ primarily based in your 30-day buying and selling quantity.

Buy OKB

Navigate to the search bar, enter OKB/USD (for instance) and click on on it from the drop-down menu. On the OKB/USD buying and selling web page, enter the quantity of USD you want to purchase OKB tokens for and click on “Purchase.” The order might be fulfilled in seconds, and the OKB tokens might be mirrored in your FTX pockets instantly.

Congratulations, you’ve managed to purchase OKB cash on the FTX trade in a couple of easy steps.

Retailer OKB Tokens

Whereas your newly bought tokens could be saved within the cryptocurrency pockets supplied by your trade, consultants extremely suggest storing your valuable cash away from trade wallets, as these could be vulnerable to hacks and interference. 

We extremely suggest creating a private pockets with your personal set of keys. Relying in your investing preferences, you may select between software program and {hardware} wallets: 

  • Software program Pockets: In case you’re seeking to commerce OKB often, software program or scorching wallets supplied by your chosen crypto trade will swimsuit you. The energy of software program wallets lies of their flexibility and ease of use. A software program pockets is essentially the most easy-to-set-up crypto pockets and allows you to simply work together with a number of decentralized finance (DeFi) purposes. Nevertheless, these wallets are weak to safety leaks as a result of they’re hosted on-line. So, if you wish to hold your non-public keys in a software program pockets, conduct due diligence earlier than selecting one to keep away from safety points. We suggest a platform that gives 2-factor authentication as an additional layer of safety.
    Examples of software program wallets embrace CoinStats Pockets, MetaMask, Coinbase Pockets, Belief Pockets, and Edge Pockets, amongst others.
  • {Hardware} Pockets: {Hardware} or chilly wallets are normally thought-about the most secure strategy to retailer your cryptocurrencies as they provide offline storage, thereby considerably lowering the dangers of a hack. They’re secured by a pin and can erase all info after many failed makes an attempt, stopping bodily theft. {Hardware} wallets additionally allow you to signal and ensure transactions on the blockchain, providing you with an additional layer of safety in opposition to cyber assaults. These are extra appropriate for skilled customers who personal massive quantities of tokens.
    Ledger {hardware} wallets are arguably essentially the most safe {hardware} wallets letting you securely handle your digital belongings. The Nano X is designed for superior customers and affords extra cupboard space and superior options than Ledger Nano S,  designed for crypto newcomers.Examples of chilly wallets are Trezor Mannequin T, Ledger Nano X, CoolWallet Professional, KeepKey, Ellipal Titan, and SafePal S1, amongst others. 

Monitor OKB Tokens

The crypto market is risky, and managing your portfolio may get tough if you happen to maintain a number of belongings. Using a portfolio tracker will assist you to hold observe of your OKB cash and all of your crypto investments from one platform always. CoinStats affords among the finest crypto portfolio trackers available in the market; yow will discover extra info right here

You can even monitor the revenue, loss, and liquidity of OKB throughout a number of exchanges on CoinStats.

CoinStats helps over 250 cryptocurrency exchanges and over 7,000 cryptocurrencies. It affords charting instruments, analytical information, superior search options, and up-to-date information. Right here you may have the chance to attach a limiteless variety of portfolios (wallets and exchanges), together with:

  • Binance
  • MetaMask
  • Belief Pockets
  • Coinbase
  • Kraken
  • Kucoin
  • Bitstamp and 500 others. 

To attach, go to the CoinStats Portfolio Tracker web page and:

  • Click on Add Portfolio and Join Pockets.
  • Click on the pockets you need to connect with (e.g., Ethereum Pockets).
  • Enter the pockets handle and press Submit.

What Is OKB Token

OKEx, or OKX, is a cryptocurrency trade established in 2017 by the OK Group, with headquarters in Seychelles and extra places of work worldwide. OKX helps such superior buying and selling instruments as spot buying and selling, margin buying and selling, futures, perpetual swap, and choices. The trade offers the OKX mining pool, the OKX Cloud, and its EARN initiative, enabling customers to stake and save on the platform.

OKB token is the worldwide utility token of the OK Blockchain Basis and OKX trade. It’s an ERC-20 token that depends on a Proof-of-Stake (PoS) consensus. OKB operated on the Ethereum blockchain, however later the corporate moved to its personal blockchain — the OKExChain.

The OKB token is used to calculate and pay charges and grants customers entry to governance and voting rights on the platform. Furthermore, customers holding OKB can stand up to 40 p.c low cost on transaction charges and earn passive earnings by OKX Earn on the platform.

OKB Tokenomics

The OKB whole provide is 300,000,000, with a circulating provide of 251,627,612 tokens. The tokens are burned each three months, and all the information concerning the burn is on the market transparently on the web site. The value of OKB reached an all-time excessive of USD 41.64 in Could 2021, and since then, the OKB value has come down considerably. Nonetheless, the information means that whereas many cash have misplaced round 90 p.c of their worth, the OKB value has stood agency within the bear market we’re going through. As extra customers enter crypto markets and adoption picks up, OKB value is poised to go to the moon.

OKB on CoinStats

Get began by checking the dwell OKB value.

Last Ideas

Bear markets are thought-about one of the best time to put money into belongings like shares, bonds, or crypto. So, shopping for OKB and different crypto belongings proper now could be the funding that adjustments your life for the higher and brings you monetary freedom shortly.

Disclaimer: Nothing on this article is a chunk of monetary recommendation, and you need to make your personal resolution earlier than investing in belongings as dangerous and unregulated as cryptocurrencies.

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