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What is cryptocurrency

Cryptocurrency is a digital or virtual currency secured by cryptography and does not exist in physical forms like U.S. Dollars or other fiat currencies. Cryptocurrencies are supported by an underlying technology called blockchain, which acts as a decentralized digital ledger.

Every cryptocurrency transaction is recorded in the blockchain and becomes immutable once confirmed and validated. This means transactions can neither be reversed nor tampered with.

Institutional investment in cryptocurrencies is growing, a testament to the potential and future of digital currencies. Investing in cryptocurrencies allows you to enter the world of decentralized finance and invest in a frontier technology that is rapidly gaining popularity.

Why buy crypto with OKX?

What can I do after I buy crypto?

Unlike fiat currencies that rely on banks to maintain a centralized ledger inaccessible to the public, cryptocurrency transactions are on a public blockchain that can be tracked and monitored by anyone. Moreover, depending on the consensus mechanism, anyone can validate transactions and add them to the blockchain, making cryptocurrencies decentralized.

Cryptocurrencies differ from fiat currencies as they are not issued by any central authority. Therefore, they are less susceptible to easy government interference or corruption.

Additionally, cryptocurrencies are also more transparent than fiat currencies. Digital assets can also be speculative and volatile, meaning trading cryptocurrencies could yield lucrative returns.

Bitcoin and Ethereum are the largest cryptocurrencies by market capitalization. You can buy popular cryptocurrencies like Bitcoin or Ethereum from OKX, which offers security and convenience. If you are looking for a hassle-free way to buy cryptocurrency, OKX is a clear choice.

Want to learn more before you buy crypto?

Buy cryptocurrency with a credit card

You can easily buy popular cryptocurrencies, including Bitcoin and Ethereum, on OKX by selecting your preferred fiat currency and choosing your credit card as a payment method. OKX supports Visa, MasterCard and ApplePay credit cards.

Buy cryptocurrency with a bank transfer

To buy cryptocurrency using bank transfer, find your desired cryptocurrency, the amount of crypto you want to purchase and select bank transfer.

Buy cryptocurrency with crypto

You can trade several cryptocurrencies against BTC, USDT, ETH, and other popular cryptocurrencies using OKX’s advanced order types and trading tools.

Convert your cryptocurrency

If you already own cryptocurrencies, easily convert them to over 100 other cryptos, including BTC, ETH, USDT, and OKB, using our "Convert" feature. You can seamlessly convert any cryptocurrencies at any time without any loss at zero fees.

FAQ

Where can I buy cryptocurrency?
You can buy hundreds of cryptocurrencies on the OKX exchange using over 30 fiat currencies or by swapping them with other popular crypto assets like BTC, ETH, USDT.
Can I use my credit card to buy cryptocurrency?
Yes. Navigate to our "Buy Crypto" page and select the cryptocurrency you want to buy. Then, enter your local fiat currency and choose the appropriate payment method from Visa, MasterCard, or Apple Pay credit card.
What is a cryptocurrency wallet?
A cryptocurrency wallet stores digital assets, such as your private keys, ensuring your cryptocurrencies are kept safe and accessible. There are several types of wallets, including hardware wallets, web or mobile wallets, and exchange wallets like your OKX wallet.
If I buy cryptocurrency with OKX, can I store them in my personal wallet?
Yes. You can easily transfer crypto assets from your OKX account to any compatible web, mobile, or hardware crypto wallet.
How safe is it to buy cryptocurrency on OKX?
As one of the largest cryptocurrency exchanges in the world, processing billions of dollars worth of transactions, security is of top priority for OKX. We employ multi-layered security to protect your funds and information from cybercriminals. Our security stack includes semi-offline storage, a multi-signature system, emergency backups, 2FA, anti-phishing codes, withdrawal passwords, and more.
What are the most popular cryptocurrencies to invest in today?
What are the most popular cryptocurrencies to invest in today?
According to market capitalization or total circulation value, top cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and XRP (XRP).
However, like all cryptocurrencies, the above are also volatile and carry investment risks. Therefore, before investing in any, you should do your own research (DYOR) and evaluate your risk appetite before proceeding.
What are the top cryptocurrencies I can buy on OKX now?
OKX offers access to hundreds of tokens and trading pairs. Currently, the following are some of the most popular cryptos on our platform: BTC, ETH, USDT, Doge, SOL and OKB.