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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 persistently listed among the many high crypto exchanges by buying and selling quantity and liquidity. OKX permits customers to simply purchase, promote, or commerce cryptocurrencies and supplies a wide array 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 be taught all the pieces it’s essential to know concerning the OKB token, and observe our detailed information on the place, why, and easy methods to purchase OKB cash.

Let’s get proper into it!

The place to Purchase OKB Tokens

The best method to purchase OKB tokens is through the OKX trade. Nevertheless, you may also 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 easy methods to purchase OKB on OKX and FTX cryptocurrency exchanges.

Tips on how to Purchase OKB on OKX

OKB tokens are the native tokens of the OKX cryptocurrency trade, among the best platforms to buy OKB. OKX expenses low buying and selling charges and presents high-interest staking alternatives and lowered charges for customers holding OKB or staking OKB tokens. The trade expenses low buying and selling charges and makes it straightforward to purchase currencies in just a few clicks with a credit score or debit card, checking account switch, Apple Pay, Google Pay, and so on. Nevertheless, it must be famous that OKX is at the moment unavailable to US customers.

OKX homepage
How To Purchase OKB Coin | The Final Information 2022 19

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

Create an Account

To create an account on OKX, you could present a sound e mail tackle or a cell quantity and create a strong password. Nevertheless, to totally entry the trade’s options, you could full a KYC verification by offering your government-issued ID and present process facial recognition. Every account degree 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 could choose one in every of three choices to purchase or promote cryptocurrencies, specifically:

  • Categorical: It’s the simplest method 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-Social gathering Funds: OKX additionally helps third-party funds corresponding to Banxa, Simplex, and so on.
Buy OKB on OKX
How To Purchase OKB Coin | The Final Information 2022 20

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

Tips on how to Purchase OKB on FTX

The FTX Alternate 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 presents 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 supplies many options, corresponding to entry to low buying and selling charges, NFTs, over-the-counter, derivatives, and margin buying and selling.
The FTX cryptocurrency trade means that you can commerce OKB and different cryptocurrencies simply. Comply with the steps described beneath to purchase OKB on FTX:

Create an Account

To purchase OKB or some other cryptocurrencies on FTX, you could create an FTX account by offering a sound e mail tackle or a cell quantity and making a strong password. When you confirm your account with the verification hyperlink despatched to your e mail or cell, your FTX account can be activated. Nevertheless, to totally entry the trade’s options, you could full KYC verification. FTX trade helps two KYC verification ranges; the options you’ll be able to entry will rely in your degree. For full entry to all of the options, you could 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 numerous 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 charge. The trade’s buying and selling charges fluctuate based mostly 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 can be fulfilled in seconds, and the OKB tokens can be mirrored in your FTX pockets instantly.

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

Retailer OKB Tokens

Whereas your newly bought tokens could be saved within the cryptocurrency pockets offered by your trade, consultants extremely suggest storing your treasured cash away from trade wallets, as these may 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 the event you’re seeking to commerce OKB commonly, software program or sizzling wallets offered by your chosen crypto trade will swimsuit you. The power 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) functions. 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 provides 2-factor authentication as an additional layer of safety.
    Examples of software program wallets embody CoinStats Pockets, MetaMask, Coinbase Pockets, Belief Pockets, and Edge Pockets, amongst others.
  • {Hardware} Pockets: {Hardware} or chilly wallets are often thought-about the most secure solution to retailer your cryptocurrencies as they provide offline storage, thereby considerably decreasing the dangers of a hack. They’re secured by a pin and can erase all data after many failed makes an attempt, stopping bodily theft. {Hardware} wallets additionally allow you to signal and ensure transactions on the blockchain, supplying 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 property. The Nano X is designed for superior customers and presents extra space for storing and superior options than Ledger Nano S,  designed for crypto novices.Examples of chilly wallets are Trezor Mannequin T, Ledger Nano X, CoolWallet Professional, KeepKey, Ellipal Titan, and SafePal S1, amongst others. 

Observe OKB Tokens

The crypto market is unstable, and managing your portfolio may get difficult if you happen to maintain a number of property. Using a portfolio tracker will allow you to hold monitor of your OKB cash and all of your crypto investments from one platform always. CoinStats presents among the best crypto portfolio trackers available in the market; you will discover extra data 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 presents charting instruments, analytical knowledge, superior search options, and up-to-date information. Right here you’ve gotten the chance to attach a vast 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 tackle 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 supplies 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 complete 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 offered transparently on the web site. The value of OKB reached an all-time excessive of USD 41.64 in Might 2021, and since then, the OKB worth has come down considerably. Nonetheless, the information means that whereas many cash have misplaced round 90 p.c of their worth, the OKB worth has stood agency within the bear market we’re dealing with. As extra customers enter crypto markets and adoption picks up, OKB worth is poised to go to the moon.

OKB on CoinStats
How To Purchase OKB Coin | The Final Information 2022 21

Get began by checking the dwell OKB worth.

Last Ideas

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

Disclaimer: Nothing on this article is a chunk of economic recommendation, and you must make your personal determination earlier than investing in property as dangerous and unregulated as cryptocurrencies.

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