Last update: Jun 6, 2022

How to Buy Orchid (OXT)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Orchid. Depending on where you live, you’ll have a few cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Orchid

How to Buy Orchid – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Orchid of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger trading platforms.

4. Buy Orchid

Now that you have what you need to buy Orchid, head over to the market or buy section of the crypto trading platform and buy some OXT.

If the crypto exchange doesn’t have any Orchid on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Orchid first), and trade your Ethereum for Orchid.

Where to Buy Orchid (OXT)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Orchid

  1. Sign into the cryptocurrency exchange where you bought Orchid.
  2. Move your Orchid to the right place on the exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Orchid.

 

Crypto trading

How to Buy Orchid (OXT) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Orchid in Australia, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Orchid if it’s available. If the exchange doesn’t have Orchid. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Orchid), and trade your ETH for Orchid.

Alternatively, if you want to learn more about the exchanges we recommend, look at our list of the best bitcoin brokers in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Orchid (OXT) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Orchid in Canada, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Orchid if it’s available. If the exchange doesn’t have Orchid. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Orchid), and trade your ETH for Orchid.

Or, if you’d like to know more about the exchanges we prefer, read our list of the best Canadian crypto exchanges.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Orchid (OXT) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Orchid in the UK, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Orchid if it’s available. If the exchange doesn’t have Orchid. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Orchid), and trade your ETH for Orchid.

Or, if you’d like to know more about which exchanges we prefer, read our comparison of the best places to buy bitcoin in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Orchid? OXT Rundown

Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN).

Orchid was launched in December 2019 and is described as the first peer-to-peer, incentivized privacy network.

Its goal is to eliminate internet freedom restrictions by using cryptocurrency payments to enable anyone to buy bandwidth from any participating provider. These are called probabilistic nanopayments and occur using OXT on Ethereum, an standard token.

Regular payments to providers are made off-chain. This allows Orchid to avoid congestion and gas prices on its Ethereum network.

This service is paid-per-use. Users pay only when they connect to it, rather than paying monthly or annual fees.

Orchid's main goal is to use blockchain technology to improve the VPN experience.

Users can enjoy anonymous VPN usage without the need for a centralized server or the risk associated with an infrastructure in a country by using crypto-based probabilistic nanopayments.

OXT, a freely-exchangeable ERC-20 token provides owners with an incentive to trade and increase their network value.

Users can also purchase "Orchid credit" using fiat currency as a separate feature. OXT can only be used with network providers and cannot be withdrawn or converted to another currency. This is to appeal to people who don't want to transact in cryptocurrency.

Orchid's appeal isn't just for cryptocurrency users. Developers point out a growing trend towards internet freedom in the face geopolitical tensions, as well as local restrictions.

Web 3.0 technology provides some semblance to an open internet. It was created in 1990, when consumer access became mainstream.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.