How to buy ORAI coin? Graphic tutorial of ORAI coin buying and selling transaction operation steps

To purchase ORAI, choose a reputable exchange, create an account, fund it, place a buy order, and securely store the coins in an exchange wallet or a personal hardware/software wallet.

Oct 08, 2024 at 11:12 am

How to Buy ORAI Coin: A Step-by-Step Guide

ORAI is the native cryptocurrency of the Oraichain blockchain ecosystem, used for transaction fees, staking rewards, and governance. Here's a detailed guide on how to buy ORAI coin:

Step 1: Choose a Cryptocurrency Exchange

The first step is to choose a reputable cryptocurrency exchange that supports ORAI trading. Some options include:

Binance: Largest exchange with high liquidity.
KuCoin: Offers a wide range of trading pairs, including ORAI.
Gate.io: Low fees and a user-friendly interface.

Step 2: Create an Account

Visit the website of the selected exchange and create an account by providing your email address, password, and personal information. Verify your account by following the exchange's instructions.

Step 3: Fund Your Account

Transfer funds into your exchange account to purchase ORAI. Most exchanges support various methods such as:

Bank transfer: Relatively slow but low fees.
Credit/debit card: Fast but higher fees.
Cryptocurrency deposit: Transfer existing cryptocurrencies from external wallets.

Step 4: Place an Order

Navigate to the ORAI trading page on the exchange. Here's how to place a buy order:

Select the Trading Pair: Choose the trading pair you want to trade, e.g., ORAI/USDT.
Choose Order Type: Select a "Market Order" to buy at the current market price or a "Limit Order" to specify your desired price.
Enter Quantity: Specify the amount of ORAI you want to purchase.
Review and Confirm: Check the order details carefully and confirm the transaction.

Step 5: Store Your ORAI

Once your order is executed, the ORAI coins will be credited to your exchange wallet. You can store them there or transfer them to a personal hardware or software wallet for added security.

Conclusion

Buying ORAI coin is a relatively straightforward process involving choosing an exchange, creating an account, funding it, placing an order, and storing the coins. By following these steps, you can easily acquire ORAI and participate in the Oraichain ecosystem.

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