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 DAM
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
DAM
0xf9ca...abf8
€0.019927
€0.00025378 (+1.29%)
Last updated on --.
How to buy DAM on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy DAM.
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 Reservoir?
Reservoir is a digital token designed to help people exchange value easily and securely online. Imagine it like a special kind of digital sticker that you can trade with others. It exists to make transactions faster and more reliable, solving the problem of slow and expensive traditional money transfers. Reservoir helps people connect and share value in a digital world, making it easier to do things like buy goods or services online.
How can I buy Reservoir?
1) Create an account on OKX by visiting the website and clicking 'Sign Up'. Provide your email and set a password. 2) Fund your account using a bank transfer, credit card, or other local payment methods like ACH transfers. 3) Once your account is funded, search for Reservoir in the marketplace, select the amount you want to buy, and place a buy order. Follow the prompts to complete your purchase.
Why do people buy Reservoir?
People buy Reservoir because it offers practical benefits like fast and secure transactions. It can be used in various digital ecosystems, making it useful for online purchases and services. Reservoir is adopted by different platforms, enhancing its utility in the digital economy. However, it's important to understand its limitations, such as market volatility and the need for secure storage.
Things to know before buying Reservoir in the United States
In the United States, cryptocurrencies like Reservoir are legal but regulated. Users must complete KYC and AML verification when setting up accounts. Tax implications include reporting capital gains and income from activities like staking. It's crucial to keep records of transactions for tax purposes. Regulations can change, so staying informed about legal updates is important.
What are other ways to own Reservoir?
Users can obtain Reservoir through alternative methods like participating in airdrops, where tokens are distributed for free. Earn programs reward users for learning about crypto or completing tasks. Staking involves holding tokens to support network operations, earning rewards in return. Liquidity providing requires depositing tokens into pools, which can be risky but rewarding. Each method has different requirements and risks.
How can I store my Reservoir?
To keep Reservoir safe, understand the risks of loss, hacks, and theft. Store tokens in custodial wallets for convenience or non-custodial wallets for more control. Hot wallets are online and easy to access, while cold wallets are offline and more secure. Use strong passwords, backup recovery phrases, and check proof of reserves. Choose a storage method that balances security and ease of use.
Why should I buy Reservoir on OKX?
Learn more about the security measures keeping your Reservoir 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 Reservoir (DAM)
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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 DAM (Reservoir) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for DAM (Reservoir)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select DAM (Reservoir) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for DAM (Reservoir)
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.