How to Buy Orchid (OXT)

You may want to consider Orchid, a cryptocurrency-powered VPN service built for users wishing to take back control of their digital data. 

Thanks to an encrypted peer-to-peer connection and a decentralized network of servers, on Orchid, your privacy and data is hidden from third parties looking to capitalize on your data.

Built on top of Ethereum, the Orchid mobile application facilitates the purchase and sale of bandwidth between users and providers using OXT, its native cryptocurrency.

Not sure yet why you’d want to buy OXT? Feel free to read our ‘What is Orchid?’ guide. It offers a more extensive breakdown of its technology and vision. 
 

While OXT is primarily used to purchase bandwidth, that’s not the only reason you might be interested in this innovative crypto asset.

There are a number of ways to buy OXT. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken. 

Aside from offering the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose the private key to your OXT, it can be challenging if not impossible to recover your funds. 

At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.

Follow the steps below to start buying OXT on Kraken: 

1. Sign up for a Kraken account.
   First, enter a valid email address, create a new username and set a strong password to protect your account.

2. Verify your account. 
   After providing your name, date of birth, country of residence and phone number, you can buy OXT with cryptocurrencies like ETH and DASH. In order to use fiat currency (i.e. USD or EUR), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.

3. Deposit fiat currency.
   You can fund your account in a number of ways. How you do so will depend upon your location and preferences.

4. Purchase OXT!
   Once your account is funded with fiat, you’re ready to purchase OXT. At this point, you’ll also gain access to our advanced charting tools, 24-hour global client support and the ability to utilize spot trading on margin*, features that help make the Kraken experience beloved by millions of global traders.

*Availability of margin trading services is subject to certain limitations and eligibility criteria.

Once you buy OXT, you’ll need somewhere to safely store your cryptocurrency. 

Kraken is secure, but it’s always safest to keep your OXT in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.

Orchid is a platform built on top of Ethereum, meaning OXT can be stored in an Ethereum wallet, of which there are many. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage. 

When choosing a crypto wallet for your OXT, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.

Ready to take the next step toward using a decentralized VPN? Click the button below to buy OXT on Kraken today!