How to buy ELLY on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy ELLY.
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 ELLY?
ELLY is a digital token that helps people use a special kind of internet money called cryptocurrency. Imagine it like a digital sticker that lets you do fun things online, like playing games or using apps. ELLY exists to make these activities easier and more fun by connecting different parts of the internet together. It solves the problem of needing many different tools by being one simple tool that works everywhere.
How can I buy ELLY?
1) Go to the OKX website and sign up for an account by providing your email and creating a password. 2) Verify your identity by uploading a photo ID, as required by U.S. regulations. 3) Fund your account using a bank transfer, credit card, or other local payment methods. 4) Once your account is funded, search for ELLY in the marketplace. 5) Place a buy order by entering the amount of ELLY you want and confirming the purchase.
Why do people buy ELLY?
People buy ELLY because it can be used in various online platforms and applications, making digital interactions smoother. It helps users access services and participate in digital communities more easily. ELLY is part of a growing ecosystem that supports innovative projects and technologies. However, it's important to understand that ELLY's value comes from its utility and not from potential financial gains.
Things to know before buying ELLY in the United States
In the United States, cryptocurrencies like ELLY are legal but regulated. You must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks when buying ELLY. This means providing identification and personal information. Additionally, any gains from selling ELLY may be subject to capital gains tax. If you earn ELLY through staking or other means, it might be considered taxable income.
What are other ways to own ELLY?
You can obtain ELLY without buying it by participating in airdrops, where tokens are given for free, or through Learn-and-Earn programs that reward you for learning about crypto. Staking ELLY or participating in network activities can also earn you rewards. Some platforms offer ELLY for completing tasks like referrals or providing liquidity. These methods require effort and understanding of the associated risks.
How can I store my ELLY?
To keep your ELLY safe, you can use a custodial wallet, where a service holds it for you, or a non-custodial wallet, where you control it. Hot wallets are online and convenient but less secure, while cold wallets are offline and more secure. Always back up your wallet and keep recovery phrases safe. Use strong passwords and enable two-factor authentication to protect your ELLY from loss or theft.
Why should I buy ELLY on OKX?
Learn more about the security measures keeping your ELLY 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.

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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 ELLY (ELLY) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for ELLY (ELLY)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select ELLY (ELLY) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for ELLY (ELLY)
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.



