Comprehensive tutorial and exchange guide on how to buy ORDI?
Welcome to today's Cryptocurrency Tutorial for Beginners, this time we will discuss how to buy ORDI (Ordinals) and the detailed steps to trade ORDI on exchanges, a decentralized cryptocurrency based on Bitcoin, which is gaining more and more attention from crypto enthusiasts due to its unique design and potential value. If you are also curious about how to buy ORDI or not sure which exchange to choose, this article will help you master the process step by step so that you can smoothly enter the ORDI market and start your cryptocurrency journey!
What is ORDI (Ordinals)?
ORDI (Ordinals) is a decentralized cryptocurrency based on the Bitcoin network that utilizes the Bitcoin blockchain's Ordinals protocol to combine digital assets with the Bitcoin chain's native "imprinting" technology, which allows each Ordinals NFT (non-homogenized token) to be precisely linked to Bitcoin transactions. linked to a Bitcoin transaction. This makes ORDI an innovative and valuable digital asset. Due to its unique nature, ORDI has attracted a large number of cryptocurrency investors looking to invest in emerging markets, and due to its deep integration with the Bitcoin network, ORDI's value is closely tied to Bitcoin's movement.
How to choose an exchange to buy ORDI?
To buy ORDI, you first need to choose a cryptocurrency exchange that supports ORDI trading. Since the ORDI market is still emerging, not all mainstream exchanges provide this service. Therefore, it is important to choose a reliable exchange with high trading volume. Major exchanges such as OKX and Binance have started to support ORDI trading, and these platforms offer easy-to-understand interfaces and have good risk control measures. When choosing an exchange, you should look for sufficient liquidity, reasonable fees, and Taiwan-friendly payment methods.
Steps to buy ORDI on the OKX Exchange
1. register and certify accounts
You will need to register an account with an exchange such as OKX. Typically, this process involves providing your email, setting up a password, and completing identity verification. During the verification process, you'll need to upload some identification photos and personal information to increase the security of your account.
2. Recharge funds
Once registration is complete, you will need to fund your exchange account. You can choose to use common payment methods in Taiwan, such as credit cards, bank transfers, or even cryptocurrency transfers. Make sure your account is fully funded so that you can make ORDI purchases smoothly.
3. Search for ORDI trading partners
On the exchange's home page, locate the "Markets" or "Trades" area and search for ORDI pairs, such as ORD/USDT or ORD/BTC, which means you can use either USDT or Bitcoin (BTC) to buy ORDI. ORDI.
4. Place an order for ORDI
Once you have found an ORDI pair, you can choose between a Market Order or a Limit Order. A market order is an immediate trade based on the current market price, while a limit order allows you to specify the price at which you wish to buy. Choose the option that suits you and confirm the trade.
5. Cash out ORDI to wallet
After completing the transaction, you can choose to transfer ORDI out to your digital wallet for storage. In order to protect your funds, it is recommended to use ORDI-enabled cold wallets or other professional wallets for management.
How to keep your ORDI assets safe?
Security is the main concern of every cryptocurrency investor. With an emerging asset like ORDI, you need to be extra careful. Make sure you choose an exchange with a good security record and enable 2FA to protect your account. Transfer your ORDI assets to your own cold wallet (e.g. a hardware wallet like Ledger or Trezor) instead of keeping them on an exchange for a long time. Cold wallets offer a higher level of security compared to hot wallets because they are isolated from the Internet and are effectively protected from hackers.
How to Trade ORDI with Exchange Rebates
Some exchanges offer rebate programs that allow users to get a percentage of the commission back when they trade. This is a great offer for active traders. Take Ouyi Exchange for example, the rebate program offered by the platform allows you to reduce the handling fee when trading ORDI, thus increasing the efficiency of trading. To qualify for a rebate, you usually need to fulfill certain conditions, such as reaching a certain trading volume or becoming a VIP user. With these rebates, you can trade ORDI more efficiently and save a lot of money.
Why buy ORDI?
One of the main reasons to buy ORDI is its high compatibility with Bitcoin, not only as a cryptocurrency, but also as an asset with the potential to increase in value. Since ORDI is based on the Bitcoin blockchain, many investors see it as a potential stock to hold for the long term. As the Bitcoin ecosystem continues to expand, demand for ORDI is expected to grow as well, making ORDI the choice of some sophisticated investors and traders.
Frequently Asked Questions Q&A
Q1: Why is ORDI considered a potential asset?
ORDI, as a digital asset based on Bitcoin, is not only a cryptocurrency, but also an NFT (non-identical token) and relies on Bitcoin blockchain technology. This has led to a growing market demand for ORDI, which is closely linked to the price fluctuations of Bitcoin, and is therefore considered an asset with value-added potential.
Q2: How can I avoid getting scammed when buying ORDI?
When purchasing ORDI, first choose an exchange with a good reputation and high level of security, and make sure to activate dual identity verification of your account. Try to avoid trading on unfamiliar or unreliable platforms and stay alert for suspicious activity.
Q3: How is the handling fee of the Exchange calculated?
Handling fees are usually based on your trading volume. Most exchanges will have different rate structures, depending on your trading volume or VIP level. Choosing an exchange that offers low fees or rebates will allow you to save more money when trading ORDI.
We hope this tutorial has helped you with your ORDI purchase! If you have any questions, feel free to leave a comment and we will continue to provide the most useful information!
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