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 governance
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
governance
DCef5H...9t6J
$0.00019439
$0.00013048 (+204.17%)
Last updated on --.
How to buy governance on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy governance.
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 just a governance token?
A governance token is like a voting card for a club. It lets people who own it help make decisions about how a project or community should work. Imagine a group of friends deciding what game to play; each friend gets a say. Governance tokens solve the problem of decision-making in decentralized projects, giving everyone a voice in how things are run.
How can I buy just a governance token?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Verify your identity by providing necessary documents as per U.S. regulations. 3) Fund your account using a bank transfer, credit card, or other local payment methods. 4) Navigate to the trading section, search for the governance token, and place a buy order by entering the amount you wish to purchase.
Why do people buy just a governance token?
People buy governance tokens to participate in decision-making processes of blockchain projects. These tokens allow holders to vote on changes, improvements, or new features. This involvement can help shape the future of the project. Governance tokens are also used to access certain features or services within the project's ecosystem, making them valuable for active community members.
Things to know before buying just a governance token in the United States
In the U.S., cryptocurrencies are legal but regulated. You must complete KYC/AML verification to trade. Cryptocurrencies are considered property for tax purposes, so you may owe taxes on capital gains or income from activities like staking. It's important to keep records of your transactions for tax reporting. Always stay informed about the latest regulations.
What are other ways to own just a governance token?
You can obtain governance tokens without buying them through airdrops, where projects distribute tokens for free. Participate in Learn-and-Earn programs to earn tokens by completing educational tasks. Some projects reward tokens for staking or providing liquidity. Task-based programs may offer tokens for referrals or completing specific actions. Each method requires effort and may involve risks, so research thoroughly.
How can I store my just a governance token?
To keep your tokens safe, understand the risks of loss, hacks, and theft. Use custodial wallets for convenience, where a third party holds your tokens, or non-custodial wallets for more control. Hot wallets are online and easy to access, while cold wallets are offline and more secure. Always back up your wallet, keep recovery phrases safe, and consider proof of reserves for added security.
Why should I buy just a governance token on OKX?
Learn more about the security measures keeping your just a governance token 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.
Learn more about how to buy just a governance token (governance)
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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.
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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 governance (just a governance token) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for governance (just a governance token)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select governance (just a governance token) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for governance (just a governance token)
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.