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 XBT
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
XBT
Fda85X...UXFX
€0.00016614
€0.00011922 (+254.09%)
Last updated on --.
How to buy XBT on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy XBT.
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 XBT?
XBT is a type of digital money that exists only online. Imagine it like a special kind of game token you can use to play games or buy things in the game world. XBT was created to make sending money to anyone, anywhere, fast and easy without needing a bank. It helps solve the problem of slow and expensive money transfers by using a technology called blockchain, which is like a big, shared notebook everyone can see but no one can change.
How can I buy XBT?
1) Visit OKX and create an account by providing your email and setting a password. 2) Complete identity verification by uploading a government-issued ID. 3) Fund your account using a bank transfer, credit card, or debit card. 4) Once your account is funded, go to the 'Buy Crypto' section. 5) Select XBT, enter the amount you wish to purchase, and confirm the transaction. 6) Your XBT will appear in your OKX wallet once the purchase is complete.
Why do people buy XBT?
People buy XBT because it allows them to send money quickly and securely across the globe. It's used in various online services and can be a way to participate in the growing digital economy. XBT is also part of a larger ecosystem where it can be used for transactions, smart contracts, and decentralized applications. However, it's important to understand that its value can change, and it's not guaranteed to be accepted everywhere.
Things to know before buying XBT in the United States
In the United States, cryptocurrencies like XBT are legal but regulated. You must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks when buying XBT. This means providing identification and personal information. Cryptocurrencies are subject to taxes, and you may need to report gains or losses on your tax return. It's important to keep records of your transactions for tax purposes.
What are other ways to own XBT?
You can obtain XBT without buying it by participating in airdrops, where free tokens are distributed to users. Some platforms offer Learn-and-Earn programs, rewarding you with XBT for completing educational tasks. You can also earn XBT by staking, which involves holding and supporting the network, or by providing liquidity to certain platforms. These methods require effort and understanding of the risks involved, such as market volatility.
How can I store my XBT?
To keep your XBT safe, you can use a custodial wallet, where a service like OKX holds your XBT for you, or a non-custodial wallet, where you control your XBT. Hot wallets are online and convenient but less secure, while cold wallets are offline and more secure. Always back up your wallet and keep your recovery phrase safe. Use strong passwords and enable two-factor authentication to protect your account from unauthorized access.
Why should I buy XBT on OKX?
Learn more about the security measures keeping your XBT 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 XBT (XBT)
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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 XBT (XBT) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for XBT (XBT)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select XBT (XBT) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for XBT (XBT)
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.