Since its launch in 2017, OKX (formerly OKEx) has grown into one of the world's most popular centralized exchanges for digital assets. It offers a diverse range of services, including spot trading, margin trading, lending/borrowing, staking, cloud mining, and more.
Similar to its rival Binance, OKX utilizes its own platform token called OKB. Built on OKExChain, this utility token was launched by the OK Blockchain Foundation and serves dual purposes: governance and platform utility.
At launch, the OK Blockchain Foundation described OKB as the "key to building a global ecosystem for digital asset trading," emphasizing its role in incentivizing platform engagement through exclusive privileges for holders. These benefits include:
- Trading fee discounts
- Passive income (via OKB Earn)
- Access to token sales
- Voting rights
OKX highlights 15 internal privileges tied to OKB ownership. The token boasts a total supply of 300 million and undergoes a quarterly "burn" process, where 30% of trading fee revenue is used to repurchase and permanently remove OKB from circulation—a transparent mechanism visible on-chain.
How to Buy OKX Utility Token (OKB) in 4 Steps
- Compare Crypto Exchanges – Explore our curated list of top exchanges offering OKB.
- Create an Account – Complete registration by verifying your email and identity.
- Deposit Funds – Use a credit card, bank transfer, or Bitcoin to fund your account.
- Buy OKB – Execute your purchase seamlessly with deposited funds.
Below are the top 3 exchanges where you can buy OKB with credit/debit cards, bank transfers, or Bitcoin (BTC).
1. Kraken
Founded in 2011, Kraken is a trusted name in crypto, serving over 9 million users with a quarterly trading volume exceeding $207 billion.
Why Kraken?
- Supports 400+ digital assets, including OKB.
- Offers futures and margin trading for advanced investors.
- Available in 190+ countries (excluding NY and WA).
- Top recommendation for U.S. residents.
👉 Explore Kraken’s OKB trading pairs
2. OKX Exchange
OKX is a preferred platform for traders seeking altcoins and memecoins, including OKB.
Key Features:
- High liquidity for OKB.
- Strong presence in Asian markets (supports CNY).
- Limited U.S. availability; Kraken is a better alternative.
3. Gate.io
Since 2013, Gate.io has provided a user-friendly interface with advanced charting tools.
Highlights:
- Wide selection of altcoins, including OKB.
- Strict policies against market manipulation.
- Accepts users from Australia and the UK (excludes U.S./Canada).
FAQ
Can I stake OKB?
Yes! OKX offers OKB Earn for passive income through staking.
Is OKB available on decentralized exchanges (DEXs)?
Currently, OKB is primarily traded on centralized exchanges like Kraken and OKX.
How often does OKX burn OKB tokens?
Quarterly, with 30% of trading fee revenue allocated to burns.
👉 Compare OKB trading fees across exchanges
For the latest OKB price updates and news, monitor OKX’s official announcements.