How to buy ORAI coin? ORAI coin purchase tutorial

To purchase ORAI coins, users can create an account on Binance, deposit funds, place a limit order or market order for the ORAI/USDT or ORAI/BTC trading pair, and store their coins on an exchange wallet or withdraw them to a hardware or software wallet.

Oct 06, 2024 at 05:42 pm

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

Step 1: Create an Account on a Cryptocurrency Exchange

• Register for an account on a reputable cryptocurrency exchange that supports ORAI trading, such as Binance, KuCoin, or Huobi Global.
• Complete the identity verification process required by the exchange.

Step 2: Deposit Funds into Your Account

• Fund your exchange account with a supported fiat currency or other cryptocurrency using one of the available deposit methods (e.g., bank transfer, credit card, etc.).

Step 3: Place a Buy Order

• Navigate to the ORAI/USDT or ORAI/BTC trading pair on the exchange.
• Choose a limit order or market order type.
• Enter the amount of ORAI you want to buy.
• Review and confirm the transaction details.
• Execute the order.

Step 4: Store Your ORAI

Once the order is completed, the ORAI coins will be deposited into your exchange account.

• You can choose to leave them on the exchange for trading or withdraw them to a hardware wallet or software wallet for secure storage.

Detailed Explanation:

1. Create an Account on a Cryptocurrency Exchange:

   • Binance is a popular exchange for ORAI trading, offering multiple trading pairs and high liquidity.
   • KuCoin is another reliable option with a wide range of cryptocurrencies and a user-friendly interface.
   • Huobi Global is known for its advanced trading features and support for a variety of deposit methods.

2. Deposit Funds into Your Account:

   • Fiat currency deposits may take a few business days to process.
   • Cryptocurrency deposits are typically faster, but fees may vary depending on the method used.

3. Place a Buy Order:

   • A limit order allows you to buy ORAI at a specific price or better.
   • A market order buys ORAI at the current market price, which may fluctuate.
   • Choose the order type that best suits your needs.

4. Store Your ORAI:

   • Exchange wallets offer convenience, but hardware wallets like Ledger or Trezor provide enhanced security by storing your coins offline.
   • Software wallets like MetaMask or Trust Wallet offer a balance between convenience and security.