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 LUM
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
LUM
Apdec6...fWLu
$0.0₅35804
Last updated on --.
How to buy LUM on OKX DEX
Whether you’re new to DeFi or an experienced trader, follow this guide to buy LUM.
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 LUMINARY?
LUMINARY is a digital token that helps people exchange value online without needing a bank. Imagine trading your favorite toys with friends, but instead of toys, it's digital items. LUMINARY exists to make these trades easy and fast, solving the problem of slow and expensive transactions. It allows people to send and receive value quickly, like sending a digital message, making it useful for many online activities.
How can I buy LUMINARY?
1) Create an account on OKX by visiting the website and providing your email and a secure password. 2) Verify your identity with a government-issued ID to comply with U.S. regulations. 3) Fund your account using a bank transfer, debit card, or other local payment methods. 4) Navigate to the 'Buy Crypto' section, select LUMINARY, and enter the amount you wish to purchase. 5) Confirm your order and complete the transaction.
Why do people buy LUMINARY?
People buy LUMINARY because it can be used for fast and secure online transactions. It is part of a growing digital ecosystem where it can be used for various services and applications. LUMINARY is also recognized for its role in decentralized finance, allowing users to participate in financial activities without traditional banks. However, it's important to understand its limitations, such as market volatility and the need for secure storage.
Things to know before buying LUMINARY in the United States
In the United States, cryptocurrencies like LUMINARY are legal but regulated. Users must complete KYC and AML checks, which involve verifying their identity. Tax implications include reporting capital gains or losses when selling or trading LUMINARY. Income from activities like staking may also be taxable. It's crucial to keep records of all transactions for accurate tax reporting and compliance with IRS guidelines.
What are other ways to own LUMINARY?
Besides buying, you can earn LUMINARY through airdrops, where tokens are distributed for free to eligible users. Participate in Learn-and-Earn programs to gain tokens by completing educational tasks. Staking LUMINARY in supported networks can earn you rewards over time. Providing liquidity in certain platforms may also offer LUMINARY as a reward. Each method requires understanding the effort and potential risks involved.
How can I store my LUMINARY?
To keep LUMINARY 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 more secure. Always back up your wallet and keep recovery phrases safe. Use strong passwords and enable two-factor authentication to protect your assets from loss or theft.
Why should I buy LUMINARY on OKX in the United States?
Learn more about the security measures keeping your LUMINARY 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 LUMINARY (LUM)
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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 LUM (LUMINARY) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for LUM (LUMINARY)
4. Execute the transaction
1. Set up and connect your digital wallet to the DEX you choose
2. Select LUM (LUMINARY) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for LUM (LUMINARY)
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.