How to buy OEC Token (OKT) in Australia

Learn how to buy OEC Token (OKT) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

OKC
OKT- USD
$26.87
- $0.27 ( - 1.00%)

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

How to buy OKC

1. Compare crypto exchanges

The easiest way to buy OKC is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.

2. Create an account

To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.

3. Make a deposit

Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency, bank transfer, ideal and paypal payments are widely accepted.

4. Buy OKC

You can now exchange your funds for OKC. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your OKC to your personal wallet.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy OKC in Australia

Find an exchange to buy, sell and trade OKT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

1 - 2 of 2
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

1071
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

307
cryptocurrencies

Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 290 cryptocurrencies, OKX offers its users a variety of payment methods and coins to choose from.
loading

Compare up to 4 providers

Steps on how to buy OKC

Look for an exchange that supports both fiat and cryptocurrency to simplify buying OKC.

  1. Compare cryptocurrency exchanges that support OKT.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy OKC.
  4. Buy OKC.
    Complete your OKC purchase and then find the best wallet to store OKT.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying OKC

OKT is an integral part of the OEC ecosystem. However, like all altcoin investments both the token and the associated protocol should be thoroughly researched. Here are a few points to consider before placing funds into OKT:

  • Tokenomics During the initial genesis block of the blockchain, 10 million OKT coins were minted. These were distributed to legacy OKB token holders. All future inflation of the coin is released via block rewards. The block reward for each new block added to the blockchain by validators stands at 0.5 OKT. According to the project's website, this should place the upper limit of OKT at approximately 41.69 million.
  • Halving model: Like Bitcoin, OKT also has a theoretical upper limit when it comes to its total supply. This is because OKT follows a ‘halving model’ that is relatively similar to that of BTC — wherein the asset’s block reward is reduced by 50% every three years.
  • Staking and governance: Users that stake a sufficient number of OKT coins can put themselves forward to become validators within the OKX network. All those that do not meet minimum requirements can still delegate OKT coins to validators to earn rewards. All staked OKT tokens also provide users with voting rights on all future development proposals.
  • Unique token standard: Like Ethereum-baed tokens implement the widely popular ERC-20 standard, the OEC blockchain has developed its very own token standard. This is known as KIP-20. KIP-20 tokens are completely compatible with the Ethereum Virtual Machine (EVM) and can, therefore, be transferred across. This compatibility may help to encourage the adoption of the OEC blockchain, which would place a higher demand on the OKT coin.
    • How to sell OKC

      You can cash out your OKT with the same exchange you bought it through:

  1. Sign in to the exchange you have OKT on.
    If you store your OKC in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of OKT you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of OKC.

Disclaimer: Cryptocurrencies, including OKC, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of OKT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the OKC or any other cryptocurrency discussed.

More guides on Finder

Get into cryptocurrency

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site