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 PRIME
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
PRIME
0xb23d...28cf
€1.032
€0.054082 (+5.53%)
Last updated on --.
How to buy PRIME on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy PRIME.
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 Prime?
Prime is a digital token used in a special online world. Imagine it like a magic coin that helps people do things faster and easier. Prime exists to make certain tasks simpler, like buying things or playing games online. It solves the problem of slow and complicated transactions by making them quick and smooth, just like using a magic wand to get things done instantly.
How can I buy Prime?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Verify your identity with required documents to comply with U.S. regulations. 3) Fund your account using a bank transfer, credit card, or other local payment methods. 4) Navigate to the trading section and search for Prime. 5) Place a buy order by selecting the amount you wish to purchase and confirm the transaction.
Why do people buy Prime?
People buy Prime because it can be used in various online platforms for transactions, making them faster and more efficient. Prime is adopted by many digital services, enhancing user experience by reducing wait times and fees. It also supports innovative projects and communities, allowing users to participate in new digital ecosystems. However, it's important to understand its limitations, such as fluctuating value and evolving technology.
Things to know before buying Prime in the United States
In the U.S., cryptocurrencies like Prime are legal but regulated. Users must complete KYC and AML checks to ensure compliance. Tax implications include reporting capital gains if you sell Prime for more than you bought it, and income tax on earnings from staking. It's crucial to keep records of transactions for tax purposes and consult a tax professional for detailed advice.
What are other ways to own Prime?
You can obtain Prime through airdrops, where tokens are distributed for free to certain users. Participating in Learn-and-Earn programs can also reward you with Prime for completing educational tasks. Staking or providing liquidity in certain networks may earn Prime as a reward. These methods require effort and understanding of the platform's rules, and they carry risks like market volatility and technical challenges.
How can I store my Prime?
To keep Prime safe, you can use custodial storage, where OKX holds your tokens securely, or non-custodial storage, where you control your own wallet. Hot wallets are convenient for frequent use but are online and less secure. Cold wallets are offline and safer for long-term storage. Always back up your wallet and keep recovery phrases secure. Regularly check for updates and proof of reserves to ensure your assets are protected.
Why should I buy Prime on OKX?
Learn more about the security measures keeping your Prime 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 Prime (PRIME)
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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 PRIME (Prime) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for PRIME (Prime)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select PRIME (Prime) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for PRIME (Prime)
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.