Are you thinking about buying OKB? It’s a smart move! OKB is the utility token of OKEx, one of the biggest cryptocurrency exchanges globally. OKEx offers a wide range of services, including trading, cloud mining, and options trading, making it a go-to platform for crypto enthusiasts.
By holding OKB, you can enjoy lower trading fees, participate in governance decisions, and even earn rewards. Launched in 2017, OKEx has grown into a trusted platform with high liquidity and advanced trading tools.
This guide will walk you through how to buy OKB, so you can start benefiting from its features.
How to Buy OKB in 4 Easy Steps?
Buying OKB is simple when you know the right steps. Follow these four easy steps to purchase OKB and start trading confidently.
Step 1: Choose a Crypto Exchange Platform
The first step in purchasing OKB is selecting a cryptocurrency exchange that supports it. Since OKB cannot be bought directly with fiat currency, you’ll need to use other cryptocurrencies like USDT (Tether), USDC (USD Coin), or BTC (Bitcoin) to make the purchase.
Popular exchanges where OKB is available include OKX, MEXC Global, BitMart, BingX, and CoinEx. These platforms allow you to trade OKB by swapping it with these altcoin pairs. When choosing an exchange, consider factors like security, fees, and user interface to ensure it aligns with your needs.
Step 2: Register on any of the Platform
Once you’ve selected a crypto exchange that supports OKB, the next step is to register on the platform. This process is simple but essential for ensuring a secure trading experience.
Start by providing your basic details such as your name, email address, and phone number. Most exchanges will also require you to verify your identity by submitting a valid ID, like a passport or driver’s licence, to comply with the Know Your Customer (KYC) regulations.
Be prepared for the ID verification process, which can differ depending on your country. Completing this step without any issues ensures you can access all features and start trading OKB seamlessly.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
Once you’ve set up and verified your crypto exchange account, you’re ready to buy OKB tokens. However, keep in mind that OKB cannot be purchased directly with fiat currencies like USD, EUR, or GBP.
Instead, you’ll need to first buy cryptocurrencies such as Tether (USDT), Bitcoin (BTC), or USD Coin (USDC) using your preferred payment method, such as a debit or credit card. After that, you can trade these altcoins for OKB.
Once the funds are in your trading account, navigate to the exchange’s trading section and select the altcoin trading pair you wish to use, such as USDT/OKB, USDC/OKB, or BTC/OKB, to buy the desired currency.
Note: Always review the exchange fees, including trading and deposit fees, to ensure you’re making the best financial decision.
Step 4: Store the Cryptocurrency in a Wallet
Now that you’ve acquired OKB tokens, it’s important to store them securely in a compatible crypto wallet. You can connect your wallet to the exchange to safely transfer your tokens.
Some of the widely used wallets that support OKB include Ledger Nano X, Gaurda, MyEtherWallet, Atomic Wallet, and Trust Wallet. For enhanced protection, cold wallets like Ledger Nano X offer an added layer of security by remaining offline, safeguarding your assets from potential hackers.
Ensure you choose a wallet that meets your security needs for optimal protection of your tokens.
Also read: How to buy Rollbit Coin
Popular video guides on buying OKB
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Where to buy OKB (OKB)
OKX is a prominent global cryptocurrency exchange providing a diverse range of trading and Web3 services. With offices located in key regions such as Hong Kong, Singapore, the UAE, and Silicon Valley, the exchange operates through entities registered in Seychelles and the Bahamas. OKX offers various trading options, including spot trading, margin trading, futures, perpetual swaps, and options. Additionally, users can benefit from advanced features like trading bots, block trading, and OKX Earn, which encompasses savings products, staking, and crypto loans.
Factsheet
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Operational Since: |
2017 |
|
Deposit Methods: |
Visa, MasterCard, and ApplePay credit cards |
|
Deposit Fees: |
None |
|
Cryptos Listed: |
Over 344 cryptocurrencies listed |
|
Trading Fees: |
0.10% or less |
|
Fiat Currencies Supported: |
Multiple including BTC, ETH, OKB, AAVE, SOL |
|
Trustworthiness: |
Safe and Reliable |
BitMart is a centralized cryptocurrency exchange catering to over 9 million users worldwide, offering a diverse range of trading and investment services. It features options like staking, lending, and savings products, along with extensive spot trading choices. For experienced traders, this exchange includes futures and margin trading, enabling leverage usage. The platform ensures easy access to major cryptocurrencies through its user-friendly interface, secure wallet, and well-designed mobile application.
Factsheet
|
Operational Since: |
2017 |
|
Deposit Methods: |
PayPal, Debit/Credit, UPI, Crypto |
|
Deposit Fees: |
Nil |
|
Cryptos Listed: |
1500+ |
|
Trading Fees: |
0.15% for both maker and taker |
|
Fiat Currencies Supported: |
EUR, USD, CAD, AUD, HKD and CNY |
|
Trustworthiness: |
Safe and Reliable |
CoinEx is a global cryptocurrency exchange that aims to streamline crypto trading for users around the world. Supporting 15 languages, it offers a wide variety of services, including spot trading, futures trading, margin trading, automated market-making (AMM), and crypto finance. With a user base exceeding 4 million across over 200 countries, CoinEx prioritises security and reliability.
Factsheet
|
Operational Since: |
2017 |
|
Deposit Methods: |
Wallet transfer, Debit and Credit card, Bank transfer, Third party mode |
|
Deposit Fees: |
Free for cryptocurrencies |
|
Cryptos Listed: |
736 |
|
Trading Fees: |
Depends upon the VIP level from (0.1% to 0.2%) |
|
Fiat Currencies Supported: |
60+ |
|
Trustworthiness: |
Safe and Reliable |
Frequently Asked Questions
Where Can You Buy OKB With A Credit Or Debit Card?
Unfortunately, you cannot purchase OKB tokens directly with a credit or debit card, as they cannot be bought with fiat currencies. However, you can first acquire altcoins such as Tether (USDT), USD Coin (USDC), or Bitcoin (BTC) using your credit or debit card.
Once you have these altcoins, you can exchange them for OKB on the listed exchanges that support this trading pair. This method allows you to effectively obtain OKB tokens while navigating the current purchasing limitations.
What Will You Need To Buy OKB?
To buy OKB, you’ll first need a verified account on a centralized exchange such as Gate.io or CoinEx. This process typically requires a government-issued ID, your tax registration number, and proof of address. Once your account is set up, you’ll need an altcoin like Tether (USDT) or Bitcoin (BTC) to exchange for OKB. Finally, make sure you have a secure crypto wallet that supports OKB to store your tokens safely.
What Is The Easiest Way To Buy OKB?
The easiest way to obtain OKB is by purchasing it on exchanges such as OKX, BitMart, and CoinEX. You can start by buying a primary cryptocurrency like USDT, USDC, or BTC using your card. Once you have these cryptocurrencies, you can utilize the available trading pairs on these platforms to convert them into OKB effortlessly.
Best Wallets To Store Your OKB (OKB)
Here’s a list of the best wallets for storing your OKB tokens:
When selecting a crypto wallet, consider the following factors: security features, ease of use, compatibility with your assets, and whether you prefer a hardware, software, or mobile wallet for convenience. This will help ensure your tokens are stored safely and are easily accessible.
