How & where to buy OKB (OKB) online

OKB is the native cryptocurrency token of the OKEx platform. In this guide, we explain the step-by-step process of how and where to buy OKB coins today.
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Updated: Jun 28, 2022

This page contains all of the information you need to invest in OKB. We detail the cryptocurrency’s potential as an investment, the hurdles it needs to overcome, and the different considerations you should make based on your own investing strategy. Read on to get started.

What are the best exchanges to buy OKB on?

If you are ready to get involved immediately, and you are looking for a secure, low-fee platform, check out the options our analysts have listed below. They are the best places to buy OKB tokens right now. Click on one of the links to sign up, or keep scrolling to learn more about OKB and the OK Blockchain Foundation.

1
Min. Deposit
$ 10
Promotion
User Score
9.6
Secure, Professional & User-First
All-round security protection
100% reserve guarantee and has a legal license of digital asset
Start Trading
Payment Methods:
Bitcoin
Full Regulations:
2
Min. Deposit
$ 0
Promotion
User Score
9.1
All swaps are custody-free, with no registration needed
Convert 500+ crypto assets instantly
Best exchange rates among the whole cryptocurrency market
Start Trading
Payment Methods:
Full Regulations:
3
Min. Deposit
-
Promotion
User Score
9.0
Global new first-tier exchange
Supervision and audit from third-party institutions
Operating through multiple platform terminals
Start Trading
Payment Methods:
Full Regulations:

How to buy OKB online – a step-by-step guide

Step 1. Find an exchange

The easiest way to purchase most altcoins is through a cryptocurrency exchange. However, because of OKB’s emerging nature, it is yet to be listed on many exchanges. Most of the coin’s trading volume is currently on the OKEx exchange and BitMart. However, to purchase OKB through any of these services will require you to have a cryptocurrency like Bitcoin to fund your account first. So, here are the best places to get crypto with the lowest fees:

  • Binance: If you are looking for the safe option, Binance is the largest crypto exchange on the planet. It offers a huge number of assets and offers a simple, low-fee service. Open a Binance account now >
  • Bittrex: We are fans of the way Bittrex has combined useful analytic tools with an easy-to-use interface. Get a Bittrex account today >

Step 2. Sign up and fund your account

Now you have selected the exchange you want to use to purchase coins, you need to sign up to create an account. To do this, fill out the contact details that are requested from you and send over a copy of your photo identification if you are asked for it. After your account has been created, then you need to add funds to bankroll your crypto purchases. All exchanges accept cryptocurrencies from a connected wallet, and some also accept fiat money like GBP, USD and EUR via a bank transfer.

Step 3. Purchase

Now, it is time to purchase OKB coins. To do this, search for the coin’s ticker, OKB, enter the number of coins you want to purchase, check you are happy with the price and associated fees and execute the transaction. The coins should then be added to your account almost instantly.

Step 4. (Optional) Get a suitable wallet

If trading OKB for short-term returns is your aim, skip ahead to the next section. However, if you want to hold tokens for the long term, storing them in a wallet is a great way to keep them secure. Here are two of the best OKB wallets that you can use:

  • CoolWallet: If you want the best of both worlds – secure hardware storage with simple digital access – CoolWallet could be the right crypto wallet for you. Get a CoolWallet today >
  • Freewallet: Freewallet is low fee, easy to use and one of the most popular options of the market. Signing up is simple and takes just a few clicks. Get a Freewallet now >
1
Min. Deposit
$ 1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
Credit Card, Debit Card, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full Regulations:

How to trade OKB – step-by-step guide

Step 1. Find a broker

Trading cryptocurrencies is most easily done via a cryptocurrency broker. These are regulated, low-fee platforms that allow you to open and close positions quickly to take advantage of market volatility.

Right now, no brokers support OKB coin, though as soon as this changes, this page will be updated. We recommend keeping an eye on some of the top brokers like eToro and Robinhood because these major platforms are likely to list OKB first.

Step 2. Deposit money

Creating your broker account is exactly the same as creating an exchange account. Fill out the details that are needed of you and set a recovery e-mail and mobile number, and then complete a deposit of funds via a bank transfer or credit card. In some cases, PayPal will be accepted too, making the whole process quite convenient.

Step 3. Learn how to perform technical analysis

Technical analysis is the process of reading candlestick charts and identifying indicators and trends that allow you to gain an insight into where the market is heading next. You can’t really predict price action with any degree of consistency without having a firm grasp of technical analysis, so complete our short-term trading course to bolster your knowledge.

Step 4. Decide whether to go long or short

Once you are trading OKB, you can take up a long position or a short position. Going long means you believe the price of OKB is set to increase while going short means the exact opposite. Both of these plays can be profitable in the right market conditions, and you should use the technical analysis we have just discussed to guide your decision.

Step 5. Make the trade

Now, it’s time to finalise your trade before executing it. Check you are happy with the details of the trade – including the price and number of OKB coins – then execute it. However, if you lack confidence in your training abilities, a demo account is a great way to learn the ropes without putting your capital at risk, and most brokers now offer this facility.

Should I invest in OKB?

There are a variety of reasons you may want to consider investing in OKB tokens. OKB is the native utility token of the OKEx exchange. First and foremost, holding OKB provides a 40% discount on trading fees on the OKEx exchange. In addition, you can earn passive income via OKEx Earn.

Another benefit is that holding OKB allows you to participate in jumpstart token sales of ‘high-quality crypto projects,’ and you can also join the OKExChain ecosystem, getting more tokens after the ‘mainnet launch.’

OKB payments are supported on a wide variety of platforms, making it a useful unit of exchange too. Finally, the fact OKB has already completed its thirteenth buyback and burn is encouraging – a reduced supply should lead to an accreting price. All of these reasons are positive factors that could contribute to long-term price accretion.

Still undecided?

If you still haven’t made up your mind about OKB yet, check out the pros and cons of the cryptocurrency below.

Pros

  • Devs regularly repurchase and burn tokens
  • 40% discount on transactions over the increasingly popular OKEx exchange
  • Supported by an increased number of platforms
  • Passive income is earnabkle via OKEx Earn
  • Over 400 trading pairs are available via OKEx, and there are no deposit fees
  • OKEx supports bank transfer, Visa, MasterCard, ApplePay, Paypal, and more

Cons

Now, check out the additional considerations you should make below and decide if you want to invest in OKB.

1. Is now a good time to buy OKB?

That depends on what you are looking for from your investment. If you want to purchase coins and hold onto them for the foreseeable future until they rise in price, the increasing popularity of the OKEx exchange and the wider cryptocurrency thematic could lead to price increases down the line.

If you want to trade OKB coin because you think you can read its price action effectively, the coin has enough interest and volume to present opportunities through volatility.

Regardless of the way in which you choose to approach investing in OKB, it is absolutely crucial that you stay informed with the latest analysis concerning OKB tokens and the OK Blockchain Foundation. Here are the latest relevant articles on our website:

2. What problem does OKB solve, and what are its investment prospects?

OKB doesn’t necessarily solve any major problems or break new ground. It is simply a versatile and useful utility token for a popular cryptocurrency exchange that aims to accelerate the progress of a new, borderless, digital economy.

The real issue for the project is the sheer level of competition. From Binance’s BNB to Uniswap’s UNI, there are a huge number of utility token powerhouses for giant crypto exchanges. On the plus side, OKEx is building up a loyal and passionate community, but whether this will be enough the produce long-term OKB price accretion remains to be seen.

If you would like to learn more about the latest events that are affecting OKB’s investment prospects, click on any of the links below to be redirected to one of our latest news articles:

OKEx OKB/USD is a spot, derivatives, and cryptocurrency exchange.  The OKB token is the native exchange token of OKEx, which provides discounts on the trading fees. The $100 million fund allocation in Asia as a catalyst for growth OKEx has set up a $100 million fund to…
OKEx OKB/USD is a secure cryptocurrency exchange that allows users to easily buy, sell or trade cryptocurrencies.  OKB is its native exchange token that provides discounts on the trading fees, as well as success to the OK Jumpstart Initial Exchange Offering (IEO) platform. Furthermore, it provides users with voting…

3. Do you want to hold OKB for the long term?

You can invest in OKB for the long term – purchasing it from an exchange and holding it to speculate on its future value – or you can trade it through a broker – taking advantage of price action to buy low and sell high. Here are the main things you should think about for each of these strategies.

Considerations for a long term investment strategy

Long-term investors should direct their focus towards choosing a reliable and trustworthy crypto exchange to purchase OKB tokens safely. Then, an important consideration is whether or not a crypto wallet will be necessary.

Considerations for a short term trading strategy

If trading OKB for accelerated returns is the route you want to proceed down, find a broker with low trading fees that supports OKB. This way, you won’t lose a large portion of your profits by incurring trading fees.


Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Charlie Hancox
Financial Writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.