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 XPL
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
XPL
W8p17q...Fikt
$0.0₄70822
$0.000036646 (+107.23%)
Last updated on --.
How to buy XPL on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy XPL.
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 XPL?
XPL is a digital token designed to make online transactions faster and cheaper. Imagine it like a special kind of money you can use on the internet. It helps people send money to each other without needing a bank, solving the problem of high fees and slow transfers. XPL exists to make digital payments easy and accessible for everyone, like sending a text message.
How can I buy XPL?
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, search for XPL, and place a buy order by entering the amount you wish to purchase.
Why do people buy XPL?
People buy XPL because it offers fast and low-cost transactions, making it useful for everyday payments. It's adopted by various online platforms, enhancing its utility in digital ecosystems. XPL can be used for services, goods, and even in apps that accept it, providing a practical way to engage with digital finance. However, it's important to understand its limitations, like market volatility.
Things to know before buying XPL in the United States
In the U.S., cryptocurrencies like XPL are legal but regulated. Users must complete KYC and AML checks when buying or trading. Tax implications include reporting capital gains or losses, and income from activities like staking may be taxable. It's crucial to keep records of transactions for tax purposes and consult a tax professional for guidance on specific obligations.
What are other ways to own XPL?
Besides buying, users can earn XPL through airdrops, where tokens are distributed for free, or by participating in Learn-and-Earn programs that reward educational engagement. Staking XPL or providing liquidity can also yield rewards, though these require understanding the network and potential risks. Task-based programs, like referrals, offer another way to earn XPL without direct purchase.
How can I store my XPL?
To keep XPL safe, consider storage options like custodial wallets, where a service holds your tokens, or non-custodial wallets, where you control them. Hot wallets are convenient for frequent use but less secure than cold wallets, which store tokens offline. Always back up your wallet, secure recovery phrases, and use proof of reserves to ensure safety. Choose the best option based on your needs.
Why should I buy XPL on OKX?
Learn more about the security measures keeping your XPL 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 XPL (XPL)
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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 XPL (XPL) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for XPL (XPL)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select XPL (XPL) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for XPL (XPL)
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.