Buyer's Guide
3 ‘Best’ Exchanges to Buy OKX Utility Token OKB (December 2022)
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, OKX (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, OKX 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 OKX 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, OKX 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 4 exchanges that offer the ability to buy OKX Utility Token (OKB) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
1. Kraken
Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.
From humble beginnings, Kraken now offers over 200 digital assets including OKX Utility Token (OKB). For more sophisticated investors Kraken also offers futures and margin trading.
Kraken has continued to evolve its platform, and its commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens. Users can also earn up to 23% in rewards annually by staking select digital assets.
Kraken offers trading access to over 190 countries including Australia, Canada, Europe, and is our most recommend exchange for USA residents. (Excluding New York & Washington state)
Read our Kraken Review or visit Kraken.
2. OKX
OKX is a popular choice for many traders. It is particularly popular among those looking to trade in a wide variety of altcoins and memecoins – including OKX Utility Token (OKB). OKX is known to cater to Asian-based traders with support for currencies like the Chinese Yuan. High volumes are found on this exchange which enables high liquidity.
We have very little experience with OKX, and only list it due to the current lack of exchanges offering access to this cryptocurrency. Currently, we recommend Kraken instead.
Read our OKX Review or visit OKX.
3. 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
