How To Purchase OKB Coin | The Final Information 2022

Since its launch in 2017, the OKX (previously OKEx) cryptocurrency alternate and derivatives alternate has been constantly 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 big selection of buying and selling pairs, its personal cloud mining service, spot, spinoff buying and selling, and so on.

OKB is the OKX alternate’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 every little thing it is advisable to know concerning the OKB token, and observe our detailed information on the place, why, and learn how to purchase OKB cash.

Let’s get proper into it!

The place to Purchase OKB Tokens

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

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

How one can Purchase OKB on OKX

OKB tokens are the native tokens of the OKX cryptocurrency alternate, the most effective platforms to buy OKB. OKX fees low buying and selling charges and affords high-interest staking alternatives and diminished charges for customers holding OKB or staking OKB tokens. The alternate fees low buying and selling charges and makes it straightforward to purchase currencies in a number 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 at present unavailable to US customers.

Observe our step-by-step information on shopping for OKB tokens on the OKX alternate highlighted beneath:

Create an Account

To create an account on OKX, you could present a legitimate e mail tackle or a cellular quantity and create a strong password. Nevertheless, to completely entry the alternate’s options, you could 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 alternate’s official web site.

Select a Shopping for Methodology

When you’ve accomplished your verification, you could choose one among three choices to purchase or promote cryptocurrencies, particularly:

Categorical: It’s the best 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 may as well purchase crypto on OKX in a peer-to-peer method.
Third-Celebration Funds: OKX additionally helps third-party funds akin to Banxa, Simplex, and so on.

You may as well deposit crypto into your OKX pockets and swap them for OKB tokens. OKB is accessible in a number of buying and selling pairs on OKX, akin to OKB/USDT, OKB/BTC, OKB/USDC, OKB/ETH, OKB/ETC, OKB/ETC, and OKB/XRP.

How one can Purchase OKB on FTX

The FTX Change ranks among the many world’s most outstanding centralized crypto exchanges and the highest 5 crypto derivatives exchanges when it comes to every 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.US, the corporate’s alternate for US clients, has a smaller crypto selection however nonetheless supplies many options, akin to entry to low buying and selling charges, NFTs, over-the-counter, derivatives, and margin buying and selling.
The FTX cryptocurrency alternate means that you can commerce OKB and different cryptocurrencies simply. Observe the steps described beneath to purchase OKB on FTX:

Create an Account

To purchase OKB or every other cryptocurrencies on FTX, you could create an FTX account by offering a legitimate e mail tackle 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 will probably be activated. Nevertheless, to completely entry the alternate’s options, you could full KYC verification. FTX alternate helps two KYC verification ranges; the options you may entry will rely in your stage. 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 subsequent step is to deposit funds into your FTX pockets. The alternate 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 price. The alternate’s buying and selling charges range 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 will probably be fulfilled in seconds, and the OKB tokens will probably be mirrored in your FTX pockets instantly.

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

Retailer OKB Tokens

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

We extremely advocate 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: When you’re seeking to commerce OKB repeatedly, software program or scorching wallets supplied by your chosen crypto alternate will go well with 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 susceptible to safety leaks as a result of they’re hosted on-line. So, if you wish to preserve your non-public keys in a software program pockets, conduct due diligence earlier than selecting one to keep away from safety points. We advocate a platform that provides 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 of the most secure method 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 info after many failed makes an attempt, stopping bodily theft. {Hardware} wallets additionally allow you to signal and make sure transactions on the blockchain, providing you with an additional layer of safety towards cyber assaults. These are extra appropriate for skilled customers who personal giant 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 space for storing and superior options than Ledger Nano S, designed for crypto learners.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 risky, and managing your portfolio might get difficult in case you maintain a number of belongings. Using a portfolio tracker will enable you to preserve monitor of your OKB cash and all of your crypto investments from one platform always. CoinStats affords the most effective crypto portfolio trackers available in the market; you’ll find extra info right here.

You may as well 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 knowledge, 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 wish to connect with (e.g., Ethereum Pockets).
Enter the pockets tackle and press Submit.

What Is OKB Token

OKEx, or OKX, is a cryptocurrency alternate established in 2017 by the OK Group, with headquarters in Seychelles and extra workplaces worldwide. OKX helps such superior buying and selling instruments as spot buying and selling, margin buying and selling, futures, perpetual swap, and choices. The alternate 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 alternate. 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 via 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 accessible transparently on the web site. The worth of OKB reached an all-time excessive of USD 41.64 in Might 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.

Get began by checking the reside OKB value.

Ultimate Ideas

Bear markets are thought of the very best time to spend money on belongings like shares, bonds, or crypto. So, shopping for OKB and different crypto belongings 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 bit of monetary recommendation, and it’s best to make your personal resolution earlier than investing in belongings as dangerous and unregulated as cryptocurrencies.