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 XL1
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
XL1
87W6AG...Nghc
$0.0002504
$0.000099057 (+65.45%)
Last updated on --.
How to buy XL1 on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy XL1.
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 XL1?
XL1 is a digital token that helps make online transactions easier and faster. Imagine it like a special kind of digital sticker that you can use to trade or buy things online. It exists to solve the problem of slow and expensive transactions by making them quicker and cheaper. Just like how a fast train gets you to your destination faster, XL1 helps move digital money quickly and efficiently.
How can I buy XL1?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Verify your identity by providing necessary documents as per 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 XL1 in the marketplace. 5) Place a buy order by entering the amount of XL1 you wish to purchase and confirm the transaction.
Why do people buy XL1?
People buy XL1 because it offers a fast and efficient way to make digital transactions. It is widely accepted in various online platforms, making it useful for buying goods and services. XL1 is also part of a growing ecosystem that supports decentralized applications, which can enhance digital experiences. However, it's important to understand that its value can fluctuate, and it may not be accepted everywhere.
Things to know before buying XL1 in the United States
In the United States, cryptocurrencies like XL1 are legal but regulated. You will need to complete KYC (Know Your Customer) and AML (Anti-Money Laundering) verifications when setting up an account. Be aware that any gains from selling XL1 may be subject to capital gains tax. If you earn XL1 through staking or other means, it might be considered taxable income. Always consult a tax professional for advice.
What are other ways to own XL1?
You can obtain XL1 without buying it by participating in airdrops, where tokens are distributed for free. Some platforms offer Learn-and-Earn programs where you earn XL1 by completing educational tasks. You might also earn XL1 by staking, which involves holding tokens to support network operations, or by providing liquidity to certain platforms. Each method requires effort and may involve risks, so research thoroughly before participating.
How can I store my XL1?
To keep your XL1 safe, you can choose between custodial and non-custodial storage. Custodial storage means a third party holds your tokens, while non-custodial storage gives you full control. Hot wallets are online and convenient but less secure, while cold wallets are offline and more secure. Always back up your wallet, keep recovery phrases safe, and use proof of reserves to ensure your tokens are secure. This way, you can store your XL1 with confidence.
Why should I buy XL1 on OKX in the United States?
Learn more about the security measures keeping your XL1 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 XL1 (XL1)
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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 XL1 (XL1) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for XL1 (XL1)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select XL1 (XL1) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for XL1 (XL1)
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.