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How & Where to Buy OKB A Step-by-Step Guide to Buying OKB

OKB Research Center

OKB Technical Details & Statistics

Tokenomics
  • Market Rank55
  • Market Cap762,379,948
  • Circulating Supply60,000,000
  • Total Supply300,000,000 OKB
Yesterday's Trading
  • 24 HR Volume5,222,774 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

How and Where to Buy OKB (OKB)

OKEx launched the Blockchain Foundation and the $OKB token in March 2018. Initially, the $OKB token ran on the Ethereum network as an ERC-20 token. However, when OKEx launched OKChain in February 2020, it moved the $OKB tokens over to the OKChain blockchain.

OKX has a mission to “build the next-gen financial ecosystem.” Like many blockchains, it wants to evolve the economy globally by removing financial barriers. OKX technology focuses on ease of use and security by providing a stable cryptocurrency trading platform for all users.

Jay Hao is the company CEO for OKEx. He has a background in engineering and technology, and he previously worked in the semiconductor industry for over twenty years. Mingxing “Star” XU is the CEO of the OK group. In 2013, he founded OKCOIN, and in 2017, he co-founded the OKEx exchange in Malta.

What Is OKB (OKB)?

The OK Blockchain Foundation and cryptocurrency exchange OKEx released the $OKB token. The company states that the OKX exchange, launched in 2017, is one of the largest globally by trading volume and pairs. It has over 700 markets and more than 350 different crypto tokens listed and has a cloud mining service.

$OKB is the native utility token used for paying trading fees and providing $OKB holders access to governance and voting on the OKex platform. It’s also paid as a reward, an incentive for helping to secure the network. OKEx has a built-in API for algorithmic trading, and OKCoin concentrates on developing its services by exchanging fiat currencies for cryptocurrencies. OKEx users also have access to margin trading functions and a multi-currency wallet.

What Makes OKB (OKB) Unique?

The $OKB tokens primarily have a vital role in the OKEx system because it enables up to 40% discount to its users on transactions, proportionate to the level of $OKB held. There are two status groups, regular and VIP. OKEx assigns a discount level for regular users depending on how much $OKB they have, and the trading volume for VIP users determines the discount level. OKEX updates commissions daily.

Members of OKEx can earn passive income from their $OKB tokens once they register for OKEx Earn.

The $OKB tokens are used on the OKEx blockchain for derivatives trading and spot trading and to develop multiple scalable applications.

Every three months, OKEx burns tokens to maintain the $OKB token value.

The OKEx platform enables users to trade Bitcoin (BTC) and multiple cryptocurrencies with real-time prices. It also has a trading bot with multiple trading strategies, and you can access a price comparison with tokens on other cryptocurrency exchanges.

The OKX Jumpstart platform is similar to liquidity mining. It enables users to stake $OKB and receive tokens from new projects based on staked amounts. The more you stake, the more tokens you receive from the project.

At the end of a campaign, Jumpstart returns the users’ staked assets to them. Each project has a specified limited time, and some have a lock-up period.

The OKX website has a helpful tutorial page for beginners, and OKX’s Blockchain Ventures is a fund that seeks to support high-quality blockchain projects, such as NFTs, Web3, the Metaverse, and blockchain basic infrastructures.

How and Where to Buy OKB (OKB)

When you decide to purchase $OKB tokens, your first step is to register with a reliable, established cryptocurrency exchange. Founded in 2013, Gate.io is a reputable platform with over 1,390 coins and more than 2,350 trading pairs. As well as an exchange wallet, Gate.io provides an offline, cold storage wallet: –

  1. Open an account with Gate.io. Verification is super fast
  2. To deposit, choose a mainstream cryptocurrency or stablecoin supported on Gate.io
  3. Look for OKB/USDT on the exchange and make your purchase
  4. Finally, store your $OKB tokens in a secure Gate.io wallet

How do I Sell OKB (OKB)?

Selling your $OKB tokens on Gate.io is straightforward: –

  1. Log in to your Gate.io account
  2. Exchange your $OKB tokens for a mainstream stablecoin like $USDT
  3. Transfer the $USDT to a reputable off-ramp platform with fiat currency options, such as Gemini or Coinbase
  4. Check transaction fees before submitting the transfer
  5. When the $USDT is in the account, you can convert it to a fiat currency and request a withdrawal to your bank account, and enjoy the profits you made from your $OKB investment

Should I Buy OKB (OKB)?

Whether to buy $OKB tokens or not has to be a personal choice as we cannot provide financial advice regarding cryptocurrency investing. The primary importance is that you have researched the project well and feel confident to proceed with your purchase. Other than that, it’s essential to purchase from a trustworthy cryptocurrency exchange that provides good customer support. Gate.io has a good reputation, and we also recommend FTX.

How do I invest in OKB (OKB)? Safely?

All investment involves taking a risk because there are no guarantees for making a profit from investing in OKB (OKB). If your primary research has revealed the potential for scalability, utility, and a strong team behind the project, it gives you more confidence. These factors don’t assure profits from $OKB but at least indicate increased chances of longevity for the project.

Further to that, purchase from a reputable exchange like Gate.io or FTX. The latter has served crypto clients since 2019. It has over 450 markets and a range of over 320 coins and lists OKB/USD.