OKB is a global utility token issued by the OKX Blockchain Foundation. It provides various benefits to its holders, including trading fee discounts, passive income, and access to exclusive services on the OKX platform. OKB aims to connect digital asset projects with OKX users and professional investors, fostering the development of blockchain technology and the digital asset sector.
OKB (OKB) is the native cryptocurrency token of the OKX exchange, formerly known as OKEx. It serves several purposes within the OKX ecosystem:
Trading Fee Discounts: Holders of OKB can enjoy discounts on trading fees, with the discount percentage increasing based on the amount of OKB held. This can result in savings of up to 40% on trading fees.
Governance and Voting: OKB holders have governance and voting power on the network, allowing them to participate in decision-making processes such as choosing which cryptocurrencies are listed on the platform.
Passive Income: OKB holders can earn passive income through various means, including staking and participating in OKX Earn programs.
Settlement Token: OKB is used as a settlement token for gas fees on the OKBC Chain, a zkEVM layer-2 on the Ethereum network.
External Services: OKB can be used to access external services, such as security and financial services, through partnerships with various businesses.
OKX Jumpstart: OKB holders can participate in token sales and other events on the OKX Jumpstart platform.
- Staking Rewards: OKB can be staked to earn rewards, which encourages long-term holding and supports the network.
Overall, OKB is designed to provide a range of benefits and utilities within the OKX ecosystem, making it an attractive token for users and investors.
To store OKB tokens securely, you can use a variety of wallets that support the OKB token. Here are some options:
Zengo Wallet: Zengo is a non-custodial wallet that allows you to buy, trade, and hold OKB tokens securely. It uses biometrics and advanced security measures to protect your coins. You can set up your OKB wallet with five simple steps, and it supports multiple payment methods for purchasing OKB tokens.
Trezor Hardware Wallet: Trezor offers a secure hardware wallet to store OKB tokens. It provides a 15-day return policy and ensures that your private keys are stored offline, making them resistant to malicious attacks.
MyEtherWallet: MyEtherWallet offers a secure way to hold OKB tokens and interact with the OKEx exchange. It is a reliable option for managing your OKB tokens.
Guarda Wallet: Guarda is a non-custodial multi-currency wallet that supports over 400,000 assets, including OKB. It offers a user-friendly platform for managing cryptocurrencies and provides top-notch security measures. You can download the app from the AppStore or Google Play, or use the online wallet.
Ledger Wallet: Ledger offers a range of hardware wallets, including the Ledger Nano S Plus and Ledger Nano X, which are designed to securely store OKB tokens. The Ledger Live App allows you to manage your OKB on the go and provides additional features like buying and swapping cryptocurrencies.
Each of these wallets provides a secure and user-friendly way to store and manage your OKB tokens.
To buy OKB tokens, follow these steps:
Decide where to buy OKB: Choose a reliable centralized exchange like OKX, CoinEx, gate.io, or MEXC. Ensure the exchange accepts customers from your country and offers the features you need.
Create an account: Register for a free account on the chosen exchange. You will need to provide personal information, including your name and email address. Some exchanges require KYC verification to increase withdrawal limits and unlock additional features.
Deposit funds: Fund your exchange account using methods like credit/debit cards, bank transfers, or depositing other cryptocurrencies. You can also use services like PayPal or P2P trading to fund your account without fees.
Place a buy order: Navigate to the OKB trading page and place a buy order. You can set the amount you want to purchase and the price you are willing to pay.
Store your OKB: Once you have purchased OKB, store it securely in a hardware wallet like Ledger Nano S Plus or Ledger Nano X. Ledger wallets provide offline storage and signing of transactions, making them resistant to malicious attacks.
Track your investment: Use the Ledger Live App to manage your OKB, track your portfolio, and monitor your investment performance.
By following these steps, you can easily buy and manage OKB tokens.
