How to buy and sell Oraichain (ORAI) coins

To purchase ORAI crypto tokens, register for an account on an exchange that supports ORAI trading, fund your account, and place a buy order at your desired price.

Dec 20, 2024 at 02:06 am

How to Buy and Sell Oraichain (ORAI) Coins

Key Points

• Oraichain is a layer-1 Proof-of-Stake blockchain that provides a secure and scalable platform for decentralized applications.
• ORAI is the native cryptocurrency of the Oraichain ecosystem, used to pay for transaction fees and participate in governance.
• You can buy and sell ORAI tokens on several cryptocurrency exchanges, including Binance, KuCoin, and Gate.io.
• To buy ORAI, you will need to create an account on an exchange, fund your account with fiat currency or cryptocurrency, and place a buy order.
• To sell ORAI, you will need to create an account on an exchange, deposit your ORAI tokens into the exchange, and place a sell order.

How to Buy ORAI

1. Create an Account on an Exchange

The first step to buying ORAI is to create an account on a cryptocurrency exchange that supports ORAI trading. Some popular exchanges that offer ORAI trading include Binance, KuCoin, and Gate.io.

To create an account, you will need to provide your email address, create a username and password, and complete a verification process. The verification process may involve submitting a government-issued ID or completing a facial recognition scan.

2. Fund Your Account

Once you have created an account on an exchange, you will need to fund your account with either fiat currency or cryptocurrency. If you are funding your account with fiat currency, you will need to use a bank transfer or credit/debit card. If you are funding your account with cryptocurrency, you will need to send the cryptocurrency from your wallet to your exchange account.

3. Place a Buy Order

Once your account is funded, you can place a buy order for ORAI. To do this, you will need to go to the ORAI trading page on the exchange and select the "Buy" tab. You will then need to enter the amount of ORAI you want to buy and the price you are willing to pay. You can also choose to place a market order, which will buy ORAI at the current market price.

Once you have placed your order, it will be filled when the market price reaches your desired price. Your ORAI tokens will then be deposited into your exchange account.

How to Sell ORAI

1. Create an Account on an Exchange

If you want to sell ORAI, you will need to create an account on a cryptocurrency exchange that supports ORAI trading. If you do not already have an account, you can create one using the steps outlined in the previous section.

2. Deposit Your ORAI Tokens

Once you have created an account on an exchange, you will need to deposit your ORAI tokens into the exchange. To do this, you will need to go to the "Deposits" page on the exchange and select ORAI from the list of supported cryptocurrencies. You will then need to provide the address of your ORAI wallet and the amount of ORAI you want to deposit.

Your ORAI tokens will be deposited into your exchange account once the transaction is confirmed.

3. Place a Sell Order

Once your ORAI tokens are deposited into your exchange account, you can place a sell order. To do this, you will need to go to the ORAI trading page on the exchange and select the "Sell" tab. You will then need to enter the amount of ORAI you want to sell and the price you are willing to accept. You can also choose to place a market order, which will sell ORAI at the current market price.

Once you have placed your order, it will be filled when the market price reaches your desired price. Your fiat currency or cryptocurrency will then be deposited into your exchange account.

FAQs

Q: What is Oraichain?

A: Oraichain is a layer-1 Proof-of-Stake blockchain that provides a secure and scalable platform for decentralized applications. It is designed to offer a high level of security, scalability, and reliability for decentralized applications.

Q: What is ORAI?

A: ORAI is the native cryptocurrency of the Oraichain ecosystem. It is used to pay for transaction fees and participate in governance.

Q: Where can I buy ORAI?

A: You can buy ORAI on several cryptocurrency exchanges, including Binance, KuCoin, and Gate.io.

Q: How do I store ORAI?

A: You can store ORAI in a hardware wallet, such as the Ledger Nano X or the Trezor Model T. You can also store ORAI in a software wallet, such as the Trust Wallet or the MetaMask wallet.

Q: What are the fees for buying and selling ORAI?

A: The fees for buying and selling ORAI vary depending on the exchange you use. Binance charges a 0.1% trading fee for both buying and selling ORAI. KuCoin charges a 0.1% trading fee