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 TVL

Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
TVL
HYd3oD...AuQ9
$0.00030705
$0.00027720 (+928.57%)
4.5
Last updated on --.
Trade TVL

How to buy TVL on OKX DEX

Whether you’re new to DeFi or an experienced trader, follow this guide to buy TVL.
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 Total Value Locked?

Total Value Locked (TVL) is like a piggy bank for digital money. It shows how much cryptocurrency is safely stored in a project, like a DeFi app. TVL exists to help people see how popular and trusted a project is. Imagine a playground where kids keep their toys; the more toys, the more fun and trust. TVL helps people understand which projects are active and reliable.

How can I buy Total Value Locked?

1) Create an account on OKX by visiting the website and clicking 'Sign Up'. Follow the instructions to verify your identity. 2) Fund your account using a bank transfer, credit card, or local payment methods like PayPal. 3) Once your account is funded, navigate to the trading section, search for Total Value Locked, and place a buy order by entering the amount you wish to purchase.

Why do people buy Total Value Locked?

People buy Total Value Locked to participate in decentralized finance (DeFi) projects. It allows users to engage with innovative financial services like lending, borrowing, and earning interest. TVL is crucial for supporting the ecosystem, ensuring liquidity, and fostering trust in DeFi applications. It helps users access new financial tools and contribute to the growth of blockchain technology.

Things to know before buying Total Value Locked in the United States

In the United States, cryptocurrencies are legal but regulated. Users must complete KYC and AML verification when using platforms like OKX. Cryptocurrencies are subject to taxes, including capital gains tax when sold for profit. Income from staking or rewards may also be taxable. It's important to keep records of transactions and consult a tax professional for guidance.

What are other ways to own Total Value Locked?

Users can obtain Total Value Locked through airdrops, where free tokens are distributed to holders. Participating in Learn-and-Earn programs or staking can also earn TVL. Providing liquidity in DeFi projects or completing tasks like referrals may offer rewards. These methods require effort and understanding of risks, such as market volatility and potential loss of funds.

How can I store my Total Value Locked?

To store Total Value Locked safely, consider custodial storage on OKX for convenience or non-custodial wallets for control. Hot wallets are online and easy to access, while cold wallets are offline and secure. Always back up your wallet, keep recovery phrases safe, and use proof of reserves. These practices help protect against loss, hacks, and theft, ensuring your assets are secure.

Why should I buy Total Value Locked on OKX in the UAE?

Learn more about the security measures keeping your Total Value Locked safe and readily available.
Best aggregated prices
OKX DEX aggregates major DEXs for the best prices and liquidity.
Why should I buy Total Value Locked on OKX in the UAE?
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.
Why should I buy Total Value Locked on OKX in the UAE?

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.
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 TVL (Total Value Locked) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for TVL (Total Value Locked)
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.

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.