How to buy F1 on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy F1.
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 F1?
F1 is a digital token designed to make online transactions faster and more secure. Imagine it like a special kind of money you can use on the internet. F1 helps solve the problem of slow and expensive payments by using technology that allows quick transfers without needing a bank. It's like sending a digital letter instead of a paper one, making it easier for people to trade and buy things online.
How can I buy F1?
1) Create an account on OKX by visiting the website and clicking 'Sign Up'. Provide your email and set a password. 2) Fund your account using a bank transfer, credit card, or other local payment methods like PayPal. Follow the instructions to link your payment method. 3) Once your account is funded, search for F1 in the marketplace, select the amount you want to buy, and place your order by clicking 'Buy'.
Why do people buy F1?
People buy F1 because it offers a fast and secure way to make online transactions. It's widely accepted in various digital platforms, making it useful for buying goods and services. F1 is also part of a growing ecosystem that supports innovative applications, helping users access new technologies. However, it's important to understand that F1's value can change, and it's not guaranteed to be stable.
Things to know before buying F1 in the United States
In the United States, cryptocurrencies like F1 are legal but regulated. You must complete KYC and AML verification when setting up your account, which involves providing identification. Tax implications include reporting capital gains if you sell F1 for more than you bought it, and income tax on earnings from staking. Always consult a tax professional for detailed advice on your situation.
What are other ways to own F1?
You can obtain F1 through airdrops, where tokens are distributed for free to promote a project. Participate in Learn-and-Earn programs to earn F1 by completing educational tasks. Staking involves holding F1 in a wallet to support network operations and earn rewards. Providing liquidity in pools can also earn F1, but it requires understanding the risks involved. Task-based rewards like referrals can offer F1 too.
How can I store my F1?
To keep F1 safe, you can use custodial wallets, where OKX manages security, or non-custodial wallets, where you control your keys. Hot wallets are online and convenient but less secure, while cold wallets are offline and safer. Always back up your wallet and keep recovery phrases secure. Proof of reserves ensures your funds are backed. Choose a storage method that balances security and ease of access.
Why should I buy F1 on OKX in the United States?
Learn more about the security measures keeping your F1 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.

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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 F1 (F1) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for F1 (F1)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select F1 (F1) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for F1 (F1)
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.




