OKX's Proof of Reserves (PoR) is a monthly report that provides full transparency to users regarding the platform's reserves. It allows users to verify that their assets are fully backed by real assets at a 1:1 ratio. This practice sets a standard for the entire crypto industry, ensuring that exchanges prioritize the safety and accountability of their users' assets.
OKX uses the Merkle Tree (or Hash Tree) verification method to prove its claim, which adds an additional layer of security. Moreover, OKX users can conduct self-verification by checking their audit data on the Audits page or manually verifying their assets by following this guide. By prioritizing transparency and accountability, OKX sets itself apart in the crypto industry.
To purchase OKB, users can rely on reputable cryptocurrency exchanges like OKX. OKX offers several ways to buy OKB.
If you prefer to use fiat currency, you can use a valid credit or debit card to purchase OKB by clicking the "Buy with card" option from the "Buy crypto" header menu.
Alternatively, you can use your existing cryptocurrencies to obtain OKB tokens through the various trading pairs available on OKX's spot market. You can also visit OKX Convert to swap your cryptocurrencies for OKB without incurring any fees or price slippage.
To view the estimated live conversion price of your preferred fiat currency, such as the US Dollar, to OKB, visit our new OKX Crypto Converter Calculator. OKX's high-liquidity marketplace ensures the best prices for your crypto purchases.