This page provides technical information on how to interact with independent, third-party decentralized exchanges (DEXs). The assets herein are not accessible via the OKX Centralized Exchange, and OKX does not facilitate their trading. Digital assets displayed are automatically generated based on popularity ranking. OKX does not provide investment recommendations and is not responsible for any potential losses.
Discover how to buy YB
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
YB
HWQpZR...mViL
$0.00017403
$0.00014216 (+446.15%)
Last updated on --.
How to buy YB on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy YB.
Step one
Get OKX Wallet
Create or import your Web3 wallet using the OKX app or web extension.
Step two
Fund your wallet
Transfer funds to your OKX Wallet. Make sure you’ve got the right network and crypto.
Step three
Start trading
Find the crypto you’re looking for and trade under your preferred trading mode.
What's YieldBasis?
YieldBasis is like a special kind of digital money that helps make sure things stay balanced. Imagine a see-saw that always stays level, no matter who sits on it. YieldBasis helps keep the value of some digital money steady, so people can use it without worrying about big changes. It's like having a magic ruler that always measures the same, helping people trust and use digital money more easily.
How can I buy YieldBasis?
1) Start by creating an account on OKX. Visit the website and click 'Sign Up.' Provide your email and create a strong password. 2) To fund your account, link your bank account or use a credit/debit card. Follow the instructions to transfer money securely. 3) Once your account is funded, search for YieldBasis. Click 'Buy' and enter the amount you want. Confirm your purchase to complete the transaction.
Why do people buy YieldBasis?
People buy YieldBasis because it helps keep their digital money stable, like a steady boat in a wavy sea. It's useful for those who want to use digital money without worrying about big price changes. YieldBasis is part of a growing ecosystem where stability is important for everyday transactions and financial tools. It helps people plan better and use digital money in real-world situations.
Things to know before buying YieldBasis in the United States
In the United States, cryptocurrencies like YieldBasis are legal but regulated. You must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks, which means verifying your identity. When you buy or sell YieldBasis, you might need to pay taxes on any gains, similar to stocks. It's important to keep records of your transactions for tax purposes and understand how these rules apply to you.
What are other ways to own YieldBasis?
You can get YieldBasis without buying it by participating in special programs. Sometimes, projects give away tokens for free in airdrops. You might earn YieldBasis by learning about it through educational programs or by helping the network, like staking or providing liquidity. These methods often require effort and understanding of the process, and there can be risks, like losing your tokens if you're not careful.
How can I store my YieldBasis?
Many worry about losing their digital money, but you can keep YieldBasis safe. You can store it in a custodial wallet, where someone else keeps it safe for you, or a non-custodial wallet, where you control it. Hot wallets are online and easy to use, while cold wallets are offline and more secure. Always back up your wallet, keep your recovery phrase safe, and use strong passwords to protect your assets.
Why should I buy YieldBasis on OKX in the UAE?
Learn more about the security measures keeping your YieldBasis safe and readily available.
Best aggregated prices
OKX DEX aggregates major DEXs for the best prices and liquidity.
Secure transactions
OKX DEX is fully on-chain, protecting your wallet and flagging any potential risks.
Cross-chain made easy
OKX DEX’s bridge aggregator lets you easily bridge tokens across networks.
Diverse trade options
OKX DEX offers trading modes tailored for various trading needs.
Learn more about how to buy YieldBasis (YB)
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See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade your crypto
Take advantage of price fluctuations and trade your crypto for other assets using OKX DEX.
HODL, or hold onto your crypto
If you think your crypto will increase in value over time, you can keep it in your wallet.
Stake your crypto or join campaigns
Explore the Discover page and participate in eligible staking opportunities or other campaigns.
How to buy crypto FAQ
1. Digital wallet
2. Existing cryptocurrency, such as BTC, ETH, or SOL, to be used as a base currency for swaps.
2. Existing cryptocurrency, such as BTC, ETH, or SOL, to be used as a base currency for swaps.
The phrase "crypto swap" is used to refer to the act of swapping one cryptocurrency for another without using a conventional exchange.
To swap on DEX, you’ll need to:
1. Set up and connect your digital wallet to the DEX you choose
2. Select YB (YieldBasis) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for YB (YieldBasis)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select YB (YieldBasis) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for YB (YieldBasis)
4. Execute the transaction
Slippage is the difference between the price a trader expects to pay or receive, and the price they actually pay. It occurs when a market moves as trade is happening. Slippage usually happens during periods of high volatility, and exchange rate changes.
These are tips to consider when choosing a secure wallet for DEX:
• Cold Wallets (Offline): Hardware wallets that are not connected to the internet make them highly secure against hacks.
• Hot Wallets (Online): OKX offers integrated wallets for easy access to your crypto. Ensure they are protected with 2FA and encryption.
• Backup Features: A good wallet allows you to back up your private keys securely.
• User Control: Opt for wallets where you hold your private keys, ensuring full ownership of your crypto.
• Cold Wallets (Offline): Hardware wallets that are not connected to the internet make them highly secure against hacks.
• Hot Wallets (Online): OKX offers integrated wallets for easy access to your crypto. Ensure they are protected with 2FA and encryption.
• Backup Features: A good wallet allows you to back up your private keys securely.
• User Control: Opt for wallets where you hold your private keys, ensuring full ownership of your crypto.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.