Discover how to buy WAX (WAXP) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
WAX (WAXP) is currently at
€0.0072823
-€0.00040 (-5.56%)
Last updated on --.
How can I buy WAX on OKX?
Whether you're new to crypto or an experienced trader, you can buy WAX using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose WAX
Select WAX and buy using your chosen method.
Step four
Receive your WAX
Confirm your purchase and store your WAX in your portfolio.
What's WAX?
WAX is like a digital playground where people can trade virtual items, like game cards or collectibles, safely and quickly. Imagine trading your favorite toy with a friend, but online. WAX makes these trades easy and secure, solving the problem of trust and speed in digital item exchanges. It helps people who love games and digital collectibles to swap their treasures without worrying about scams.
How can I buy WAX?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Verify your identity with required documents to comply with U.S. regulations. 3) Fund your account using a bank transfer, credit card, or other local payment methods. 4) Search for WAX in the marketplace and place a buy order by entering the amount you wish to purchase. Follow the prompts to complete the transaction.
Why do people buy WAX?
People buy WAX because it powers a vibrant ecosystem for digital collectibles and gaming. It allows users to trade items securely and efficiently, making it popular among gamers and collectors. WAX is widely adopted in the gaming industry, providing a reliable platform for digital asset exchange. However, it's important to understand its limitations, such as market volatility and the need for technical understanding.
Things to know before buying WAX in the United States
In the United States, cryptocurrencies like WAX are legal but regulated. Users must complete KYC and AML verification when setting up accounts. Tax implications include reporting capital gains from trading and income from staking. It's crucial to keep records of transactions for tax purposes. Regulations can change, so staying informed about legal updates is important for compliance.
What are other ways to own WAX?
You can obtain WAX through airdrops, where tokens are distributed for free during promotions. Participating in Learn-and-Earn programs can also reward you with WAX for completing educational tasks. Staking WAX or participating in network activities might earn you rewards. Providing liquidity or joining task-based programs like referrals can also be ways to earn WAX, but they require effort and understanding of risks.
How can I store my WAX?
To keep your WAX safe, you can use custodial wallets, where a service holds your tokens, or non-custodial wallets, where you control them. 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. Use strong passwords and enable two-factor authentication to protect against hacks and theft.
Why should I buy WAX on OKX?
Learn more about the security measures keeping your WAX safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy WAX (WAXP)
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How to get WAX for free
Invite friends, earn rewards
See how you can get free WAX when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your WAX grow, for free. Put your crypto to work, 24/7.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade WAX
Take advantage of price fluctuations and trade your WAX for other cryptocurrencies.
Send WAX
Send your WAX anywhere, anytime with fast, low-cost transfers.
Spend WAX
Use your WAX to pay for goods, services, and experiences seamlessly.
Hold WAX
If you think your WAX will increase in value, you can hold onto it.
Sell WAX
Convert your WAX to cash quickly and securely.
How to buy WAX (WAXP) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy WAX WAXP safely on a trusted exchange like OKX.
Choose the best exchange to buy WAX (WAXP) depending on your individual needs. Factors to consider when picking the best place to buy WAX (WAXP) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping WAX. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell WAX (WAXP), as well as fiat withdrawal options.
This depends on the method you use to convert WAX (WAXP) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
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.