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How to buy OKT Chain (OKT) in Canada

Learn how to buy OKT Chain (OKT) in our step-by-step guide.

Where to buy OKT Chain in Canada

Unfortunately, at this time no major exchanges in Canada offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Unfortunately, at this time no major exchanges in Canada offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Best OKT Chain wallets to store your OKT

You can keep your OKT on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your OKT below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,456+

Price (USD)

$149

Price (USD)

$219

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

Is OKT Chain a good investment?

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.

      • Today's OKT Chain price versus ATH

      Compare today's price of OKT Chain ($13.1 USD) against its all-time-high price of $250.53 USD on 10 May 2021. The closer the bar is to 100%, the closer OKT is to reaching its ATH again.

      OKT Chain's price: $13.1
      ATH date: May 10, 2021
      5.23%

      OKT Chain ATH: $250.53


      How to trade, convert or sell OKT Chain

      You can convert or sell your OKT with the same exchange you bought it through:
  1. Sign in to the exchange you have OKT on.
  2. If you store your OKT Chain in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of OKT you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of OKT Chain.
  6. Complete your transaction and move your OKT to a wallet for storage.
  1. Data by CoinGecko

Disclaimer: Cryptocurrencies, including OKT Chain, 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 OKT Chain or any other cryptocurrency discussed.

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