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 FRIP
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
FRIP
CkEpqb...CC2C
R$0.00060615
R$0.00033898 (+126.88%)
Last updated on --.
How to buy FRIP on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy FRIP.
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 FRIP?
FRIP is a digital token that helps make online transactions easier and faster. Imagine it like a special kind of digital sticker that you can use to trade for things online. It exists to solve the problem of slow and expensive transactions by making them quicker and cheaper. FRIP is like a magic key that opens doors to new digital experiences, making it easier for people to connect and trade online.
How can I buy FRIP?
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) Once your account is funded, search for FRIP in the marketplace. 5) Place a buy order by entering the amount of FRIP you wish to purchase and confirm the transaction.
Why do people buy FRIP?
People buy FRIP because it offers practical benefits like faster transaction speeds and lower costs compared to traditional methods. It is used in various online platforms and services, making it a versatile tool for digital interactions. FRIP is part of a growing ecosystem that supports innovative applications, helping users engage with new technologies in a seamless way. However, it's important to understand its limitations and ensure it fits your needs.
Things to know before buying FRIP in the United States
In the United States, cryptocurrencies like FRIP are legal but regulated. You must complete KYC and AML verification when setting up an account. Be aware that any gains from selling FRIP may be subject to capital gains tax. If you earn FRIP through staking or other means, it might be considered taxable income. Always consult a tax professional to understand your obligations and ensure compliance with U.S. laws.
What are other ways to own FRIP?
You can obtain FRIP through various methods without buying it directly. Participate in airdrops where FRIP is distributed for free, or join Learn-and-Earn programs to earn FRIP by completing educational tasks. You might also earn FRIP by staking, which involves holding and supporting the network, or by providing liquidity in certain platforms. Each method requires different levels of effort and carries its own risks, so research thoroughly before participating.
How can I store my FRIP?
To keep your FRIP safe, you can choose between custodial and non-custodial storage. Custodial wallets are managed by platforms like OKX, offering convenience but requiring trust. Non-custodial wallets give you full control but require careful management of private keys. 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 use strong passwords to protect your assets.
Why should I buy FRIP on OKX?
Learn more about the security measures keeping your FRIP 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 FRIP (FRIP)
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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 FRIP (FRIP) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for FRIP (FRIP)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select FRIP (FRIP) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for FRIP (FRIP)
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.