Connect with us
Buy Digital Assets:

Buyer's Guide

How to Buy OKB Utility Token (OKB)

mm

Updated

 on

Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review.  Please view our affiliate disclosure. Trading involves risk which may result in the loss of capital.

Since its launch in 2017, OKB (Formerly OKEx) has grown in to one of the worlds most popular centralized exchanges for digital assets.  It has managed to do so by offering a bevy of services including spot trading, margin trading, borrowing/lending, staking, cloud mining, and more.

Much like its rival, Binance, OKB makes use of its own platform token known as ‘OKB’.  Built atop OKExChain, this utility token was launched by the OK Blockchain Foundation, and functions as both a governance and platform token.

When launched, the OK Blockchain Foundation described OKB as its ‘key to building a worldwide ecosystem of digital assets trading’, and that the token would be used to ‘incentivize trading on the platform with OKB holders-exclusive privileges’.  A few examples of how holders can benefit include,

  • trading fee discounts
  • passive income (through OKB Earn)
  • access to token sales
  • voting rights

In total, OKB indicates that OKB holders can benefit from 15 internal privileges associated with the token.

These tokens, which boasts a total supply of 300M undergo a ‘burning’ process on a quarterly basis.  This process sees 30% of revenue derived from trading fees used to re-purchase circulating OKB.  These tokens are then sent to an inaccessible address – a transparent process for the world to see.

We list the top 3 exchanges that offer the ability to buy OKB Utility Token (OKB) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).

Gate.io

Established in 2013, Gate.io has grown in to a reputable trading platform.  While it is not the most popular exchange, it provides users with an easy to use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including OKB Utility Token (OKB), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.

This exchange currently accepts Australia & UK residents.

USA & Canada residents are prohibited.

Read our Gate.io Review or visit Gate.io

FTX

FTX is a crypto derivatives exchange that currently offers over 100 spot markets including OKB Utility Token (OKB) trading opportunities.  It makes complete sense to buy this token on its native platform to support the ecosystem, they offer user-friendly desktop and mobile apps with multiple order types including derivatives, options, volatility products and leveraged tokens.  They have trading tools that cater both to professional trading firms and average users.

Read our FTX Review or visit FTX

Use Discount Code: 46313462 for 5% cashback off all trading fees.

Hoo

Hoo states that it has the goal of offering an advanced trading platform that integrates quality digital assets, while providing international users with a safe trading experience.  This Hong Kong based platform is often one of the first exchanges to list low market cap or undiscovered tokens such as OKB (OKB). Investors who use this exchange are often attempting to purchase tokens before they get listed on more popular exchanges.

Read our Hoo Review or Visit Hoo.

Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.